MUMBAI: Tata Consultancy Services, India's largest IT services company, said it has abandoned bell curve based performance appraisal and is moving to a system of continuous feedback, becoming the latest player to move away from the forcedranking system.

The bell curve system — one of the most popular appraisal methods popularised by former GE CEO Jack Welch — rates a workforce by comparing performances of people in similar tasks. They are then segregated into top, medium and poor performers. But over the last two years, an increasing number of companies have been looking at other ways to evaluate their employees.

Though the impact of the US jury verdict in the Epic data theft case was clearly seen to be having an overhang among the top management of Tata Consultancy Services (TCS), the Mumbai-based company tried to bury those with a good set of numbers.

After its Indian peer Infosys stole the limelight last week with a strong performance in the quarter ended March, TCS also beat the Street’s estimates with better-than-expected profits and revenues.

US grand jury has slapped two companies of India's Tata group - Tata Consultancy Services (TCS) and Tata America International Corp - with a $940 million fine in a trade secret lawsuit filed against them.

After days of hearing, the federal grand jury in the US State of Wisconsin ruled that Tata Consultancy Services Ltd and Tata America International Corp must pay $240 million to Epic Systems for ripping off its software.

PUNE: Tata Consultancy Services, India's largest software services company, has set up an open innovation centre in Nashik to solve social problems in local communities.

The centre will seek to find ways to reduce the number of school dropouts, improve soil and water health, and ease parking woes in the city, among other initiatives. The challenges are open to students, early-stage startups and even individual entrepreneurs who can come up with innovative solutions, the company said.

India's largest IT services provider Tata Consultancy Services (TCS) has been saying that digital is default, but yesterday it told analysts that 52 per cent of its clients are engaged in digital technologies and a number of them have chosen TCS as a partner of choice. TCS also reiterated that the market for their services is still under-penetrated.

TCS management meets analysts before its fourth quarter results to give an update on its digital capabilities. Digital revenue for the company has already touched $2 billion for CY2015.

Tata Consultancy Services (TCS), India's leading IT services provider, today announced a three year partnership with the Virgin Money London Marathon to enhance the digital experience delivered to marathon participants. Under the terms of the partnership, TCS will become the race's Official Technology Partner for the 2016, 2017 and 2018 events.

First established in 1981, and part of the World Marathon Majors, the Virgin Money London Marathon is considered one of the world's foremost marathons. A record total of 247,069 people entered the ballot for the 2016 race, with over 37,000 runners expected to take part on Sunday 24 April.

NEW DELHI: Tata Consultancy Services has been named as a top employer in the United States for a second consecutive year by the Top Employers Institute, an employer certification agency.

TCS was recognised as an exceptional performer across nine categories: talent strategy, workforce planning, on-boarding, learning and development, performance management, leadership development, career and succession management, compensation and benefits, and culture.

Tata Consultancy Services (TCS) on Wednesday said that as a new member of the GE Digital Alliance Program, it would develop digital solutions that would increase the productivity of mobile workforces and assets in motion by leveraging Predix, GE’s cloud platform for industrial internet.

“With the launch of the GE Digital Alliance Program, we are providing alliance members with expanded access to GE Digital tools, technologies and domain expertise,” said Denzil Samuels, head of global channels and alliances at GE Digital.

ITC, Maruti Suzuki India, Tata Consultancy Services (TCS), Wipro, HDFC Bank and Cipla from the 30 share S&P BSE Sensex index hitting their respective 52-week lows after the index tanked 660 points during intra-day trade.

ACC, Ambuja Cements, Kotak Mahindra Bank, Nestle India, Thermax and Tech Mahindra are from the 73 stocks from BSE500 index touching their 52-week lows.

Tata Consultancy Services (TCS) today in a statement said that all is well in its biggest vertical banking and finance vertical.

The company in a statement to the exchanges said the segment continues to grow and is ahead of its overall performance. The company said it wanted to allay market fears on demand in this vertical.

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