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TATA Consultancy Services ( TCS ) Related news

TCS settles lawsuit with Orange County for $26 mn

TCS settles lawsuit with Orange County for $26 mn

IT major Tata Consultancy Services (TCS), India's largest IT services provider, said that it has settled an ongoing law suit with Orange County, California. The company has paid $26 million to settle the three-year long dispute.

The dispute was over a failed replacement to the county's automated property tax system that initially was to be completed by 2010 but was not delivered. "TCS and Orange County have agreed to settle an ongoing dispute regarding the joint development of a Property Tax Management System.

TCS throws weight behind blockchain

TCS throws weight behind blockchain

Bengaluru: Tata Consultancy Services Ltd (TCS) is throwing its weight behind blockchain and getting ready to launch core banking software based on the underlying technology behind virtual currency Bitcoin.

This will make India’s largest software exporter only the second large company globally to do so. Incidentally, local rival Infosys Ltd launched a blockchain framework for Finacle, its core banking platform, earlier this year.

JetBlue expands its relation with Tata Consultancy Services

JetBlue expands its relation with Tata Consultancy Services

Tata Consultancy Services (TCS), India's leading information technology (IT) services provider, and JetBlue, one of the leading airlines in the US, are ramping up their relationship to strategically optimise and transform key business channels and enhance digital customer touch points.

During a three-year relationship, JetBlue has leveraged TCS' airline expertise to develop new platforms, and for quality assurance and infrastructure services.

TCS ranked 58th most valuable US brand

TCS ranked 58th most valuable US brand

Tata Consultancy Services (TCS), leading information technology (IT) services provider from India, was on Tuesday ranked 58th most valuable brands in the US, according to a survey, titled 'Top 500 U.S. Brands', by Brand Finance, a brand valuation firm.

The Brand Finance study evaluates the financial value of a company's brand name, intellectual assets and trademark as compared to companies across industries.

TCS inks two big-ticket office lease deals

TCS inks two big-ticket office lease deals

Riding on revenue growth, Tata Consultancy Services (TCS) has inked two large office space deals in the last quarter. TCS, India’s largest software firm, signed a 400,000 sq ft office space deal in Okaya Tower in Noida’s Sector 62.

It is expected to pay a rent of Rs 19 crore a year, or Rs 40 a sq ft a month, on the property. The lease deal is one of the largest in the National Capital Region (NCR) this year.

Nasscom ranks TCS top employer in IT industry

Nasscom ranks TCS top employer in IT industry

Global software major Tata Consultancy Services (TCS) is the top employer in the Indian IT industry, followed by Infosys, Cognizant and Wipro, the industry's representative body National Association of Software and Services Companies (Nasscom) said on Monday.

According to the Nasscom annual rankings of top IT-BPM (business process management) employers in the country for 2016, TCS heads the Indian IT industry, with 362,079 employees.

TCS iON to add 2 lakh seats, plans to set up 200 new centres

TCS iON to add 2 lakh seats, plans to set up 200 new centres

TCS iON, a strategic business unit of Tata Consultancy Services (TCS), will create an additional two lakh seats across 200 new centres. The expansion includes TCS iON's proposed and biggest facility at Kolkata.

TCS iON, a strategic unit of TCS, focuses on educational institutions and exam boards with cloud-based solutions. It offers technology-led solutions for small and medium businesses, educational institutions and exam boards to digitise examinations in India.

TCS result beats the Street, net profit rises 10.6%

TCS result beats the Street, net profit rises 10.6%

Tata Consultancy Services (TCS), India’s largest information technology services provider, entered the financial year 2016-17 with a strong growth. The first quarter numbers beat Bloomberg estimates on both topline and profit numbers.

Net profit for the quarter at Rs 6,318 crore was up 10.6 per cent from Rs 5,708 crore in the corresponding quarter last financial year. This was the second time when TCS surpassed Street estimate on profitability, after missing it for six quarters. Sequentially, profits were down marginally by 0.4 per cent.

Tata Consultancy Services shares trade higher ahead of Q1 results

Tata Consultancy Services shares trade higher ahead of Q1 results

Shares of Tata Consultancy Services (TCS) were trading in green in the morning trade on Thursday ahead of its earnings for the first quarter ended June 30, 2016.

At 10.10 am, TCS was trading 0.35 per cent up at Rs 2,500. The scrip opened at Rs 2488.50 and has touched a high and low of Rs 2,512 and Rs 2472.05, respectively, in trade so far.

Relief for Infosys, TCS, Wipro on H1B, L-1 visas; here’s why

Relief for Infosys, TCS, Wipro on H1B, L-1 visas; here’s why

The $100-billion Indian IT services export industry is unlikely to see a major impact from the new Bill proposed by two US lawmakers seeking further restrictions on H-1B and L-1 visas as the planned legislation is not expected to pass in the current form even as India centric technology companies have increased their hiring of American citizens.

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