Tata Consultancy Services has announced a strategic partnership with the Bank of Bhutan to modernize the bank's digital core for enhanced customer service. TCS will implement its TCS BaNCS' Global Banking Platform to help the bank optimize operations and seamlessly integrate with the various public services within the digital ecosystem of the country. Bank of Bhutan, the largest commercial bank in Bhutan, has a database of over four hundred thousand customers serviced through 45 branches, with a broad range of financial products and services. TCS has been a technology partner for the bank since 2016, enabling its business growth. Building on this longstanding partnership, TCS will now deploy TCS BaNCSGlobal Banking Platform. The platform will give the bank access to an extensive set of components across the banking and payments sector such as customer deposits, loan management, retail services, trade finance, pricing, and other functions. Built on an intelligent digital core, TCS' solution will empower the bank to offer new, innovative products to the market quickly and ensure seamless customer experience. TCS BaNCS' rich set of APIs will help the Bank connect to third-party applications in the financial services ecosystem and create a platform to meet future business demands. Powered by Capital Market - Live

Tata Consultancy Services has been awarded the Best Employer Brand in the Corporate Sector at the LinkedIn Talent Awards 2024. This recognition, in the category of large enterprises, underscores TCS' commitment to fostering an engaging, future-ready workplace for its diverse workforce of over 6,00,000 employees across 55 countries. Based on LinkedIn's data-driven methodology, it highlights TCS' ability to leverage the platform's talent solutions to connect with its future and current employees meaningfully, amplify its employer brand, and attract top talent. Over the last four years, TCS has consistently been ranked No. 1 on LinkedIn's Top Companies to Work for in India, securing a spot among the Top 25 workplaces in the country each year, while continuously revolutionizing workforce development through AI-centric learning and employee engagement initiatives. TCS' comprehensive employee engagement framework emphasizes holistic talent development, continuous learning, and well-being. Over 4,13,000 employees have benefitted from the Elevate Program that integrates learning with career growth, helping employees at all levels build their personal brand. New hires are provided with the necessary tools to help them transition smoothly from campus to corporate life, ensuring they are ready for the industry. TCS is now well on its way to building one of the largest AI-ready workforces in the world and is empowering its employees with AI-centric learning opportunities. Powered by Capital Market - Live

Tata Consultancy Services has set up an advanced research center in partnership with the Indian Institute of Technology Kharagpur (IIT KGP) to produce high-quality research in the areas of digital health, robotics and intelligent systems leveraging edge computing, embedded systems, and AI. Located in the institute's research park in New Town, Kolkata, the TCS Research Center will feature three state-of-the-art laboratories where over 150 TCS scientists will explore cutting-edge technologies and push the boundaries of innovation. The laboratories will be in the domains of - Sensing and Communications, Edge Computing and Analytics, and Robotics and Visual Computing. Researchers will have access to state-of-the-art equipment at the center enabling them to accelerate innovations in cutting-edge technologies such as edge computing, embedded systems and Artificial Intelligence. This new center serves as a testament to TCS' rich history of collaboration with the academia to create business and societal impact. The center will anchor TCS-funded research programs that will be launched in partnership with academic partners, including IIT KGP. The TCS Research Center at IIT KGP will also boast of a customer experience center where TCS clients across industries such as mining, agriculture, mobility, healthcare, manufacturing, and retail can gain exclusive experience of original research concepts by TCS. Workshops held at the customer experience center will be open to external participation where TCS scientists, industry subject matter experts as well as the IIT KGP faculty will collaborate to find solutions to industry problems. Building on the strong relationship shared by TCS and IIT KGP, this center will serve as a pioneer for setting up similar labs in the future.Powered by Capital Market - Live

Tata Consultancy Services Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 4325, up 0.23% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.25% on the day, quoting at 24161.15. The Sensex is at 79896.82, down 0.27%. Tata Consultancy Services Ltd has risen around 5.72% in last one month. Meanwhile, Nifty IT index of which Tata Consultancy Services Ltd is a constituent, has risen around 4.08% in last one month and is currently quoting at 43618.15, up 0.71% on the day. The volume in the stock stood at 9.62 lakh shares today, compared to the daily average of 21.97 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 4321.45, up 0.06% on the day. Tata Consultancy Services Ltd is up 24.63% in last one year as compared to a 21.48% spurt in NIFTY and a 36.77% spurt in the Nifty IT index.The PE of the stock is 32.53 based on TTM earnings ending September 24.Powered by Capital Market - Live

Tata Consultancy Services has signed a three-year extension of its contract for SPARSH (System for Pension Administration - Raksha), a government of India initiative to streamline pension distribution for over 30 lakh defence pensioners. TCS will not only maintain the hardware and software of the programme for three years but also deliver key updates to the system. TCS started the rollout of pension processing on SPARSH in October 2020, implementing an integrated, secure, and efficient pension disbursement solution for India's defence personnel. The digital transformation has resulted in significantly reduced pension processing timelines from 12 to 18 months to just 14 days. Additionally, first-time pension payments are now processed within five to seven days. A key achievement for TCS has been its role in implementing the One Rank One Pension (OROP) scheme, which ensures that defence personnel of the same rank and length of service receive the same pension, regardless of when they retire. TCS has enabled the processing time to reduce from six to eight months to just two weeks, allowing the disbursement of OROP to 1.8 million eligible pensioners in a record time of 15 days. Recently, The Controller General of Defence Accounts (CGDA) presented TCS with a certificate of appreciation for this accomplishment. As part of the expanded deal, TCS will continue to deliver transparency and efficiency to the pensioners, continuing to support the application and development efforts. Moreover, TCS is also in discussion with the department to potentially develop a digital solution that would allow pensioners to make reverse payments in the event of overpayments.Powered by Capital Market - Live

Tata Consultancy Services Ltd is up for a third straight session in a row. The stock is quoting at Rs 4154.9, up 2.01% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.43% on the day, quoting at 23682.8. The Sensex is at 78137.76, up 1.27%. Tata Consultancy Services Ltd has risen around 2.18% in last one month. Meanwhile, Nifty IT index of which Tata Consultancy Services Ltd is a constituent, has risen around 0.99% in last one month and is currently quoting at 41952.8, up 1.64% on the day. The volume in the stock stood at 10.99 lakh shares today, compared to the daily average of 20.5 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 4149.65, up 2.04% on the day. Tata Consultancy Services Ltd is up 18.43% in last one year as compared to a 19.6% spurt in NIFTY and a 31.72% spurt in the Nifty IT index.The PE of the stock is 30.74 based on TTM earnings ending September 24.Powered by Capital Market - Live

Tata Consultancy Services has signed a multi-year deal to help Air France-KLM, a Europe-based global aviation leader in passenger transport, cargo transport and aeronautical maintenance, become the most data-centric airline group in the world. Over the next three years, TCS will modernize the airline group's data by moving it to cloud, promoting the next generation of data-driven aviation. This shift will help Air France-KLM exit data centers and harness the strength of the cloud, supporting a sustainable and adaptive aviation industry. The new data architecture will enable the use of data to enhance operations, drive decisions, improve functionality, and gain efficiency. TCS has partnered with Air France-KLM for 30 years to enhance reliability, social media, customer service, and e-commerce. Their digital innovations, including a suite of award-winning mobile apps and features like digital queuing in airport lounges and boarding pass collection via social media, have improved passenger control and comfort. Building on this longstanding partnership, TCS will now assist Air France-KLM in migrating its critical systems and core business data to the cloud, encompassing key areas such as flight operations, passenger information, aircraft maintenance, the airlines e-commerce platforms and much more. This migration will enhance operational efficiency across all business lines, ensuring seamless and secure data management as well as modernize the technology landscape enabling new possibilities. Data can help airlines improve their efficiency, streamline their operations and foster innovation, leading to faster and more personalized flying experience for customers. However, data often resides in a multitude of disparate and unstructured systems. Today, extracting actionable insights and value from enterprise and ecosystem data is a key challenge for many enterprises. The challenge is compounded for the large and complex organization of Air France-KLM which operates multiple airline brands with a fleet of 551 aircrafts flying across 320 destinations in 100 countries. Powered by Capital Market - Live

Tata Consultancy Services, a leading global company in IT services, consultancy and business solutions, has signed a 10-year strategic partnership with Insper, one of Brazil's leading higher education and research institutions. This collaboration aims to advance industry innovation for TCS customers in South America by leveraging technologies like AI, GenAI, IoT, and spatial computing. The collaboration between TCS and Insper will include academic research work, development of technology prototypes, and organization of seminars, hackathons and technology talks using the TCS PaceTM methodology for innovation at scale. TCS will offer its customers across the region exclusive access to its cutting-edge research and innovation capabilities, combined with Insper's academic expertise, ecosystem, labs, and expert resources.Powered by Capital Market - Live

Tata Consultancy Services, a global leader in IT services, consulting and business solutions, has secured a 15-year contract with Ireland's Department of Social Protection (DSP) to implement and support the country's new Auto Enrolment Retirement Savings Scheme, known as the 'My Future Fund.' This initiative will provide a comprehensive, end-to-end digital solution for automatic enrolment of nearly 800,000 workers in Ireland.Powered by Capital Market - Live

Tata Consultancy Services has expanded its collaboration with NVIDIA to launch industry-specific solutions and offerings that will help customers adopt artificial intelligence (AI) faster and at scale. These solutions and offerings will be delivered through TCS' new business unit focused on NVIDIA, under its AI.Cloud business unit. TCS' new business unit builds on a collaboration with NVIDIA for over five years, brings together the complementary capabilities of both organizations and offers tailored offerings for various industries. Enterprises worldwide are racing to adopt AI but there is no consensus on an AI adoption strategy, according to the recent TCS AI for Business Study. The AI adoption journey for every enterprise is unique and involves an interplay of AI and existing enterprise capabilities. AI adoption at scale requires an intimate understanding of the enterprise and its practices and building AI models that are customized for the context. The new unit will design and deliver curated AI adoption strategies by leveraging global centres of excellence (CoEs), investments in the NVIDIA AI platform - including accelerated computing and AI software, and the NVIDIA AI Enterprise and NVIDIA Omniverse platforms - and skilled resources The new unit also offers TCS' proprietary framework, which brings together its deep domain expertise, enterprise contextual knowledge and NVIDIA AI technology for building and deploying agentic AI solutions - including NVIDIA NIM microservices and NVIDIA NIM Agent Blueprints, which are part of the NVIDIA AI Enterprise software platform and NVIDIA AI Foundry - to deliver value at scale to customers. TCS and NVIDIA have collaborated to build innovative, value chain-centric solutions and offerings for industry verticals on the NVIDIA AI platform. They include: 1. TCS Manufacturing AI for Industrials: This offering leverages the power of AI and large language models (LLMs) to transform raw data into actionable insights for manufacturing enterprises. While general purpose LLMs lack the capabilities to understand specific industry nuances, TCS' Manufacturing AI for Industrials LLMs leverage the company's contextual knowledge, technical prowess and the power of NVIDIA's application frameworks to help accurately address industry challenges. 2. TCS AI Spectrum for BFSI: This offering delivers innovative and secure ways of infusing the power of LLMs and AI into BFSI lines at enterprise scale. Built on the NVIDIA AI Enterprise platform, it enables faster decision-making, improved regulatory compliance and enhanced risk management for financial institutions. 3. TCS Cognitive Visual Receiving: This is a holistic composite AI offering built on NVIDIA AI Enterprise and Omniverse that revolutionizes retail warehousing with greater accuracy, efficiency and speed by automating quality check, product identification, measurement and attribute extraction. 4. TCS AI-Native Telco Offerings: These offerings built on NVIDIA AI and NVIDIA Aerial Omniverse Digital Twin enables telcos to rapidly create custom telco domain-specific models to meet business needs such as autonomous network anomaly management, billing & revenue assurance, 3D network visualization and customer experience. 5. TCS AI-based Autonomous Vehicle Platform: TCS' IoT and Digital Engineering unit is working with NVIDIA to leverage generative AI and deep learning technologies, such as Omniverse for simulation and NVIDIA AI Enterprise for synthetic data generation, to accelerate the development of end-to-end autonomous features and capabilities for automotive OEMs and tier 1 suppliers. The collaboration with NVIDIA is part of TCS' broader efforts to strengthen its AI-readiness and build end-to-end capabilities powered by NVIDIA technology to foster enterprise-wide AI transformation for its key customers. Powered by Capital Market - Live