Department of Management Studies and Research Center, BMS College of Engineering will be hosting the Fourth International Conference on “Business Ecosystem- Issues, Challenges and Opportunities” on 5th and 6th of November, 2015 at the college campus.Tata Consultancy Services, Bharath Electronics Limited, Strides Arco Labs and some more prominent companies would be presenting their business ecosystems in the conference.
Showing posts with label tcs. Show all posts
Showing posts with label tcs. Show all posts
Sunday, November 1, 2015
Tuesday, October 13, 2015
#TCS to add 17,000 additional seats in #Kolkata in next 2 years
Tata Consultancy Services (TCS) plans to add 17,000 additional seats in Kolkata in next 2 years, said Sridhar Bakshi, Vice President & Regional Head (East), TCS said during an Investment Roadshow in Bengaluru organized jointly by Federation of Indian Chambers of Commerce and Industry (FICCI) and Government of West Bengal.TCS currently has 30,000 IT/ITeS professionals in Kolkata. TCS will be adding a new 40-acre campus at the end of the year in Kolkata .
NASDAQ listed Cognizant Technology is also planning to add 5000 seats in Kolkata, said West Bengal Finance Minister Dr.Amit Mitra.
WB Govt has allocated 10,000 sqft. space at Webel Bhavan, Salt Lake, Kolkata for the startup industry.TV Mohan Das Pai, Chairman Manipal Global Education services suggested that Bengal should come up with Startup Policy to encourage entrepreneurship and set a target of 10,000 startup companies in the next 10 years in the state.
Dr.Mitra claimed that West bengal has attracted Rs 87,000 crore investment from leading corporates, during the last three years and upcoming Bengal Global Business Summit 2016 will attract more investment in the state.
— Press Release Watch (@PrReleaseWatch) October 13, 2015
NASDAQ listed Cognizant Technology is also planning to add 5000 seats in Kolkata, said West Bengal Finance Minister Dr.Amit Mitra.
WB Govt has allocated 10,000 sqft. space at Webel Bhavan, Salt Lake, Kolkata for the startup industry.TV Mohan Das Pai, Chairman Manipal Global Education services suggested that Bengal should come up with Startup Policy to encourage entrepreneurship and set a target of 10,000 startup companies in the next 10 years in the state.
Dr.Mitra claimed that West bengal has attracted Rs 87,000 crore investment from leading corporates, during the last three years and upcoming Bengal Global Business Summit 2016 will attract more investment in the state.
Wednesday, June 25, 2014
TCS wins Telenor Norway and Holland’s Reaal N.V. deals
Tata Consultancy Services Ltd (TCS) has won a four-year large infrastructure services deal from Telenor Norway to modernize and simplify the company’s fixed network operations. “This is one of the largest change programmes in recent history for Telenor Norway. Our aim is to provide customers with better experiences, with improved quality and faster deliveries, while reducing costs,” Berit Svendsen, chief executive of Telenor Norway.
“We are very pleased to extend our ongoing partnership with them to this vital area of modernizing their fixed line business,” said N. Chandrasekaran, chief executive officer and managing director of TCS.
TCS also won a five-year deal from Dutch insurance firm Reaal N.V. to develop a scalable technology platform for the company’s life insurance portfolio.
“We are very pleased to extend our ongoing partnership with them to this vital area of modernizing their fixed line business,” said N. Chandrasekaran, chief executive officer and managing director of TCS.
TCS also won a five-year deal from Dutch insurance firm Reaal N.V. to develop a scalable technology platform for the company’s life insurance portfolio.
Friday, June 6, 2014
#TCS wins the Technology Partner Award for its collaborative work with #Boeing & #3M
For the second year in a row, TCS has been honored as the Technology Partner at this year’s ML100 Awards, for successfully partnering with two of its customers – The Boeing Company and 3M – in key industry projects. TCS customers, The Boeing Company and 3M was awarded in the ‘Enterprise Technology Leadership’ and ‘Product Leadership’ categories, respectively.
TCS wins the Technology Partner Award at #2014MLS for its collaborative work with Boeing & 3M. http://t.co/FqwucfHPV1 pic.twitter.com/4ac0pUHPpl
— TCS (@TCS_News) June 6, 2014
Monday, May 19, 2014
TRIO teacher Wins #TCS World 10k Marathon
Venessa underwent training for the marathon for a couple of months. Last year, she finished the marathon in one hour. This year she had set her mind in finishing it in 50 minutes.
“It’s great just to finish a marathon, but to win it is really special. Initially I was very nervous and excited. I had never anticipated I would get any title, but I not only reached my goal but also stood first under women’s category age group 20-30. It was truly an honour to be part of the race on behalf of TRIO World School. The support I received from the students and the staff was overwhelming” says Venessa Ruth.
“Sports is an integral part of TRIO along with academics. We want to encouraging our kids about exercising and having a healthy lifestyle. We conduct extensive sports training at the school. Venessa has set a great example for students to follow,” says Mr. Naveen K M, Managing Director TRIO World School.
About Trio World School
Established in 2007, TRIO World School has already earned a name for itself as an academic institution of excellence as an international school of the highest calibre. The school has become a favourite of not only expatriate among Indian students living in IT City of Bangalore but also students from around 21 other countries, and remarkably so, over a span of just few years.
Wednesday, May 14, 2014
#TCS World 10K Bangalore: Team HGS runs for Magic Bus
Come Sunday - May 18, 2014, over 350 enthusiastic employees of leading BPM provider Hinduja Global Solutions (HGS) will participate in the TCS World 10K Bangalore 2014. This is HGS’ fifth year of association with the run, popular as one of the world’s most prestigious 10 km runs.
The employees or Team HGS are running in support of Magic Bus, an NGO that mentors children from childhood to livelihood through sports-related activities. As part of our engagement with Magic Bus, HGS will also sponsor the participation of 25 children from across Bangalore in the run.
“At HGS, we aim to cultivate an environment that encourages our employees to live healthy. Sports, especially running, is a great way of being active and healthy… It is also a way of being involved with and showing support to the community,” said Anthony Joseph, Executive Vice President - Global Human Resources, HGS, an avid runner himself.
The company has a passionate running community which encompasses employees spanning the organization from the CEO downwards, and diverse in age, gender and across different roles. Bhaskaran. E, a Team Lead at HGS and a regular at the Bangalore run said: “Will power, dedication, practice and passion for the sport are what make a true runner. These qualities have helped me deal with the hurdles in my life. So, let’s “run in life” to succeed and also help others to grow.”
The employees or Team HGS are running in support of Magic Bus, an NGO that mentors children from childhood to livelihood through sports-related activities. As part of our engagement with Magic Bus, HGS will also sponsor the participation of 25 children from across Bangalore in the run.
“At HGS, we aim to cultivate an environment that encourages our employees to live healthy. Sports, especially running, is a great way of being active and healthy… It is also a way of being involved with and showing support to the community,” said Anthony Joseph, Executive Vice President - Global Human Resources, HGS, an avid runner himself.
The company has a passionate running community which encompasses employees spanning the organization from the CEO downwards, and diverse in age, gender and across different roles. Bhaskaran. E, a Team Lead at HGS and a regular at the Bangalore run said: “Will power, dedication, practice and passion for the sport are what make a true runner. These qualities have helped me deal with the hurdles in my life. So, let’s “run in life” to succeed and also help others to grow.”
Thursday, May 8, 2014
Countdown to #TCS World 10K #Bangalore 2014 begins
The occasion was also used by the promoters to declare its preparedness to present an improved seventh edition of the World’s Premier 10K run that presents itself as a classical synthesis of track & field and road running and offers many of the world’s fastest track athletes and their road-running counterparts an opportunity to come together and vie for glory. The seventh edition of the unique run will be flagged off from Sree Kanteerava Stadium on Sunday, May 18 2014.
Present on the occasion were Shri R. Roshan Baig, Hon’ble Minister, Infrastructure, Information & Haj, Govt. of Karnataka, Patron of TCS World 10K Bangalore, Shri K. Abhayachandra, Hon’ble Minister, Youth Services & Fisheries, Govt. of Karnataka & Patron of TCS World 10K Bangalore Mr. Nagaraj Ijari, TCS, Mr.Sandeep Juneja, Vice President Commercial, DHL, Mr.Avinash Pant, Marketing Head, Nike India Mr. P.N. Sankaran, Director Operations, Procam International, Mr. Vivek B Singh, Jt. Managing Director, Procam International.
Commenting on the preparations for the Tata Consultancy Services World 10K Bangalore 2014, Nagaraj Ijari Vice-President & Global Head Hi-Tech & Professional Services Business Segment, TCS, “Today we stand on the threshold of yet another edition of the TCS World 10K Bangalore 2014, an event that continues to change the way the world looks at 10K runs. We are glad to present improved events each year and look forward to welcoming top track & field and roadrunners from across the world, within India, and from Bangalore to the run. We wish them the very best as they train for the run.”
Strong response from Bangalore city: It has been a momentous seven-year journey for the World 10K Bangalore since its inception in 2008, with the event setting benchmarks in terms of elite athlete participation, the involvement of the city and the amount of money raised for charity. For the seventh year, the total participation in the event has crossed 24,800. This commitment from the participants propels Procam International to deliver superior events year after year.
The Open 10K Run, which also includes contests ‘Nike - The Young and The Fast’ and the ‘DHL Corporate Champions’, has received around 13200 entries, a whopping 2500 more than last year, while the Majja Run 10,600. The Senior Citizens’ Run will have over 750, while the event for the Champions With Disability will see 250 participants. Besides these races, the feature events of the day will be the World 10K for elite men & women.
Track athletes and their road-running counterparts to come together in a superfast elite athlete field: Global Sports Communication (GSC), the event’s elite athlete coordinator has put together a highly competitive field of elite athletes for the TCS World 10K Bangalore 2014, with an aim to lower existing course records.
The men’s record stands at 27.51 minutes, set by Eritrea’s Zersenay Tadese in 2008, while the women’s mark stands at 31.58, set by Ethiopian Yimer Wude in 2010. An added incentive of USD 7500 is up for grabs for the new course record.
Leading the field at the stadium’s start line on Sunday, May 18 will be world famous Alex Oloitiptip among men, and winner of a stunning seven medals at World Championships, Linet Masai on the women’s side.
Bringing out the true character of the event as a leading track & field and road-running event, the 10K Bangalore will bring together top road racerunners such as Alex Oloitiptip, Geoffrey Kipsang Kamworor, Lucy Kabuu and Meselech Melkamu and their track & field counterparts Moses Kipsiro, Vincent Chepkok, Linet Masai and Ababel Yeshaneh. Each of the runners has highly impressive qualifications. While Alex is the event’s defending champion, Geoffrey ran the fastest half marathon of 2013, Lucy is among the world’s leading female distance runners, and Meselech is one of the fastest debutants in marathon in 2012.
Among the track & field experts, Moses won the 5000m and 10,000m at the Commonwealth Games in New Delhi. Vincent was the 8th fastest athlete in 10,000m in 2013, Linet has won several medals at the World Championships in different events, and Ababel was the 5th fastest female runner over 10,000m in 2013. This proves that the event presents itself as an extraordinary platform where the world’s finest runners come together and strive for victory.
Wednesday, April 23, 2014
Third annual AMCF Spotlight Award for #TCS & #Godrej Security Solutions
The Association of Management Consulting Firms (AMCF) is pleased to announce the winners of the third annual AMCF Spotlight Awards for Value and Excellence in Consulting. The AMCF Spotlight Awards are given to projects that best demonstrate how consulting teams add value to their clients’ organizations and society at large.
“These awards recognize the breadth and depth of the many ways that consulting contributes to the betterment of our world,” said Richard Hulme, CEO, AMCF. “Today we are thrilled to put a spotlight on specific consulting teams for their work to assist their clients remain relevant and thriving amidst changing and challenging markets. We congratulate them for a job well done.”
The winners were chosen by an independent panel of judges who assessed the quality of each submission and evaluated them against detailed selection criteria. This panel was comprised of distinguished leaders in business, journalism, academia, and government. A full list of judges is available here.
“The consulting firms’ awards submissions are not only critiqued by our esteemed panel of judges, but by their clients. The Spotlight Awards reinforce the trusted relationship between consultants and their clients, and celebrates this partnership as an agent for positive and sustainable change,” says AMCF President & COO Sally Caputo. “This is why the Spotlight Awards are growing each year.”
The following firms and their clients were announced as winners on March 27th, 2014, at a gala held in New York City at the Lighthouse at Chelsea Piers:
Change Management
EY with Bloomberg
Corporate Responsibility / Humanitarian
KPMG with City of New York
Customer Engagement
Integrated Project Management Company with Land of Lincoln Health
Developing Markets
EY with The Brink’s Company
Finance / Risk Management
KPMG with Elsevier
Growth Strategies
EY with Avis Budget Group
Human Capital
JMW Consultants with Goulburn-Murray Rural Water Corporation
Information Technology
PwC with Lehman Brothers International Europe
Internal Initiative
Tata Consultancy Services : “Consulting in a Global Network Delivery Model - A Paradigm Shift”
New & Digital Media
EY with Nike
Operating Model Design
EY with The E.W. Scripps Company
Operational Performance
FTI Consulting with North Shore-LIJ Health System
Supply Chain
Vector Consulting Group with Godrej Security Solutions
About the Association of Management Consulting Firms
The Association of Management Consulting Firms (AMCF) is the premier international association of firms engaged in the practice of management consulting. Founded in 1929, for 85 years AMCF has been in the forefront of promoting excellence and integrity in the profession.
The mission of the Association is to promote an environment which fosters the success of management consulting firms worldwide and the value they deliver to their clients. It does this by helping members strengthen their senior management teams through value-driven programs, research and communications. In 2013, AMCF offered 38 focused learning seminars and events to members and non-members providing unique opportunities for peer-to-peer discussion and networking.
“These awards recognize the breadth and depth of the many ways that consulting contributes to the betterment of our world,” said Richard Hulme, CEO, AMCF. “Today we are thrilled to put a spotlight on specific consulting teams for their work to assist their clients remain relevant and thriving amidst changing and challenging markets. We congratulate them for a job well done.”
The winners were chosen by an independent panel of judges who assessed the quality of each submission and evaluated them against detailed selection criteria. This panel was comprised of distinguished leaders in business, journalism, academia, and government. A full list of judges is available here.
“The consulting firms’ awards submissions are not only critiqued by our esteemed panel of judges, but by their clients. The Spotlight Awards reinforce the trusted relationship between consultants and their clients, and celebrates this partnership as an agent for positive and sustainable change,” says AMCF President & COO Sally Caputo. “This is why the Spotlight Awards are growing each year.”
The following firms and their clients were announced as winners on March 27th, 2014, at a gala held in New York City at the Lighthouse at Chelsea Piers:
Change Management
EY with Bloomberg
Corporate Responsibility / Humanitarian
KPMG with City of New York
Customer Engagement
Integrated Project Management Company with Land of Lincoln Health
Developing Markets
EY with The Brink’s Company
Finance / Risk Management
KPMG with Elsevier
Growth Strategies
EY with Avis Budget Group
Human Capital
JMW Consultants with Goulburn-Murray Rural Water Corporation
Information Technology
PwC with Lehman Brothers International Europe
Internal Initiative
Tata Consultancy Services : “Consulting in a Global Network Delivery Model - A Paradigm Shift”
New & Digital Media
EY with Nike
Operating Model Design
EY with The E.W. Scripps Company
Operational Performance
FTI Consulting with North Shore-LIJ Health System
Supply Chain
Vector Consulting Group with Godrej Security Solutions
About the Association of Management Consulting Firms
The Association of Management Consulting Firms (AMCF) is the premier international association of firms engaged in the practice of management consulting. Founded in 1929, for 85 years AMCF has been in the forefront of promoting excellence and integrity in the profession.
The mission of the Association is to promote an environment which fosters the success of management consulting firms worldwide and the value they deliver to their clients. It does this by helping members strengthen their senior management teams through value-driven programs, research and communications. In 2013, AMCF offered 38 focused learning seminars and events to members and non-members providing unique opportunities for peer-to-peer discussion and networking.
Sunday, April 20, 2014
#TCS Japan merges with Mitsubishi Corporation’s IT Frontier Corporation
Tata Consultancy Services (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions firm announced today that it has signed definitive agreements with Mitsubishi Corporation (MC), one of Japan’s largest integrated business enterprises to merge TCS Japan, ITF and NTSC. TCS will hold 51% in the merged entity, MC to hold 49%. The merged entities to be operational from July 2014.
Commenting on the transaction, N Chandrasekaran, CEO and Managing Director, TCS, said, “This strategic transaction signifies our serious commitment to the Japan market. TCS will now have the scale, strong local presence and our full range of global capabilities to serve the Japanese corporations effectively and accelerate our growth in Japan market.
He added: “We deeply value the partnership with Mitsubishi Corporation and look forward to leveraging our mutual strengths in the Japan market.”
The transaction will create a new IT Services company of significant scale in the Japanese market. ITF brings its long standing relationships with Japanese corporations, talented workforce and competencies in industries like retail, distribution and trading. This will complement TCS’ deep domain knowledge, technology expertise and strong execution track record. TCS’ Global Network Delivery Model (GNDMTM) capabilities will also enable the Japanese corporations’ globalization ambitions. The company will provide tremendous additional value to clients in Japan; while employees will secure the advantages of building their careers in a global organization.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 300,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $13.4 billion for year ended March 31, 2014 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
About Mitsubishi Corporation
Mitsubishi Corporation (MC) is a global business enterprise that develops and operates business in wide range of industries. MC has over 200 offices and subsidiaries in approximately 90 countries worldwide and a network of over 600 group companies; MC employs a multinational workforce of over 65,000 people. MC operates business in a range of industries including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC’s current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods. For information, please visit our website: www.mitsubishicorp.com/
Commenting on the transaction, N Chandrasekaran, CEO and Managing Director, TCS, said, “This strategic transaction signifies our serious commitment to the Japan market. TCS will now have the scale, strong local presence and our full range of global capabilities to serve the Japanese corporations effectively and accelerate our growth in Japan market.
He added: “We deeply value the partnership with Mitsubishi Corporation and look forward to leveraging our mutual strengths in the Japan market.”
The transaction will create a new IT Services company of significant scale in the Japanese market. ITF brings its long standing relationships with Japanese corporations, talented workforce and competencies in industries like retail, distribution and trading. This will complement TCS’ deep domain knowledge, technology expertise and strong execution track record. TCS’ Global Network Delivery Model (GNDMTM) capabilities will also enable the Japanese corporations’ globalization ambitions. The company will provide tremendous additional value to clients in Japan; while employees will secure the advantages of building their careers in a global organization.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 300,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $13.4 billion for year ended March 31, 2014 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
About Mitsubishi Corporation
Mitsubishi Corporation (MC) is a global business enterprise that develops and operates business in wide range of industries. MC has over 200 offices and subsidiaries in approximately 90 countries worldwide and a network of over 600 group companies; MC employs a multinational workforce of over 65,000 people. MC operates business in a range of industries including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC’s current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods. For information, please visit our website: www.mitsubishicorp.com/
Wednesday, April 16, 2014
TCS registers 48.2% jump in consolidated net profit in Q4
The TCS Leadership team at the #TCSQ4 and FY14 earnings press conference. pic.twitter.com/ijiRnZzfBb
— TCS (@TCS_News) April 16, 2014
Tata Consultancy Services (TCS) has reported a 48.2% jump in consolidated net profit to Rs 5,357.6 crore for the quarter ended March 31.Consolidated revenue for the January-March quarter was up 31.2% to Rs 21,551.09 crore from Rs 16,430.09 crore in the year-ago period. Sequentially, net profit was up 0.5% from Rs 5,333.43 crore in the October-December quarter, while revenue rose 1.2% from Rs 21,293.96 crore.For 2013-14, net profit was up 37.69% to Rs 19,163.8 crore and revenue grew 29.87% to Rs 81,809 crore.
You can also download the #TCSQ4 'Fact Sheet' (PDF) from here: http://t.co/sztUeYxZ3X
— TCS (@TCS_News) April 16, 2014
Monday, April 14, 2014
TCS Launches iElect - first app to generate real-time social insights in the Indian Elections
Try the new TCS #iElect app launched in partnership w/@TwitterIndia for #election2014 insights http://t.co/SyN62dVOfA pic.twitter.com/uqArknIA6u
— TCS (@TCS_News) April 14, 2014
Tata Consultancy Services (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions organization, announced that it had launched iElect – a gamified app on the Android platform that generates social insights about India’s General Elections in 2014.
The TCS iElect app is a completely new way to observe, analyze and participate in the social conversations around the world's largest general elections. The users of iElect app will have access to fascinating insights and trends on a real-time basis. The app harnesses the power of social media, big data, analytics and mobility to make sense of what seems to be a complex web of conversations.
India has a large amount of smartphone users and almost 100 million first-time voters in the general elections 2014. TCS iElect will be a new and engaging way for them to participate through the entire process with its gamified and interactive features", said Pradipta Bagchi, Vice President & Head, Corporate Communication.
He also added, “We are excited to partner with Twitter India to make the entire election watching process fun and interactive.”
Twitter India Market Director Rishi Jaitly said, “We applaud TCS for their innovative iElect app that makes real time Twitter data and analytics around key political events & content accessible to every Indian. The app has opened up a unique engagement opportunity with Twitter content for our users.”
TCS has put its expertise in big data, cloud computing, analytics and social media to help the Indian voter understand the General elections 2014 through its app TCS iElect (Beta version) – to cut through the clutter, drown out the noise and make sense of the world’s largest democratic event.
Try it out in the PLAY store: https://play.google.com/store/apps/details?id=com.tcs.ielect
Monday, March 3, 2014
TCS Recognized as a “Leader” in Retail Banking BPO by NelsonHall
Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading IT services, consulting and business solutions organization, announced today that it has been recognized as a ‘Leader’ in NelsonHall’s December 2013 NEAT vendor evaluation for Retail Banking Business Process Outsourcing (Core Banking, Mortgage/Loan, and Payments market segments).
NelsonHall positioned TCS as a “Leader” based on the company’s experience with global banking clients, its major presence in retail banking BPO; its broad retail banking BPO capabilities in mortgages, cards and deposits; and, its established onshore delivery presence. In addition, the report recognized TCS’ custom banking platform, TCS BaNCS, as a useful tool for small and mid-tier banks, as well as tier one banks in emerging markets. These findings were generated from a comprehensive analysis and assessment by NelsonHall of TCS’ ability to deliver immediate benefit to its customers and its ability to meet future customer requirements. In addition, TCS’ customers were interviewed and questioned for measurements of levels of partnership.
“TCS provides a powerful combination of platform and process based retail banking BPO services,” said Andrew Efstathiou, Director, Banking Sourcing Program, NelsonHall. “When partnering with TCS, clients felt as though they had access to consultants who are capable of executing against immediate demands while developing a clear roadmap for further improvements.”
“We are honored to be recognized by NelsonHall as a leader in the Retail Banking BPO market,” said Abid Ali Neemuchwala, Global Head, Business Process Services at TCS. “We see this recognition as a testament to our team’s ability to help meet the strategic business objectives of our clients. Our investments in domain expertise and technology platforms, coupled with our portfolio of delivery options across TCS’ Global Network Delivery Model (GNDM™) offers global banks a strong platform to help transform their operations.”
As a result of the global financial crisis, the retail banking industry has evolved and is looking for a long-term change in operational delivery from localized risk-based product delivery (proprietary offers) to standardized transaction-based service delivery (flow business). The industry is looking to companies like TCS, who offer industry domain knowledge, a robust delivery mechanism (GNDM™) and technology (BaNCS Platforms) to enable them to manage their operations in more effective and efficient ways.
NelsonHall’s Evaluation & Assessment Tool (NEAT) is a method by which strategic sourcing managers can evaluate outsourcing vendors and is part of NelsonHall's Speed-to-Source initiative. The NEAT tool sits at the front-end of the vendor screening process and consists of a two-axis model: assessing vendors against their ‘ability to deliver immediate benefit’ to buy-side organizations and their ‘ability to meet client future requirements’. The latter axis is a pragmatic assessment of the vendor's ability to take clients on an innovation journey over the lifetime of their next contract. The service providers are divided into four categories: Leaders, High Achievers, Innovators and Major Players.
About TCS Business Process Services (BPS)
Business Process Services (BPS) at TCS is about managing & executing business operations. Our domain expertise helps deliver core business processing across industries, analytics & insights and support processes such as accounting, HR and supply chain management. TCS partners with customers to accelerate co-transformation, and generates business value for customers through delivery excellence, risk management and through innovative models such as Platform BPS which delivers process as a service. With annual BPS revenues of greater than US$ 1.44 billion, TCS is one of the largest BPS providers with 50,000+ employees servicing 225+ customers across the globe.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 290,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $11.6 billion for year ended March 31, 2013 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
NelsonHall positioned TCS as a “Leader” based on the company’s experience with global banking clients, its major presence in retail banking BPO; its broad retail banking BPO capabilities in mortgages, cards and deposits; and, its established onshore delivery presence. In addition, the report recognized TCS’ custom banking platform, TCS BaNCS, as a useful tool for small and mid-tier banks, as well as tier one banks in emerging markets. These findings were generated from a comprehensive analysis and assessment by NelsonHall of TCS’ ability to deliver immediate benefit to its customers and its ability to meet future customer requirements. In addition, TCS’ customers were interviewed and questioned for measurements of levels of partnership.
“TCS provides a powerful combination of platform and process based retail banking BPO services,” said Andrew Efstathiou, Director, Banking Sourcing Program, NelsonHall. “When partnering with TCS, clients felt as though they had access to consultants who are capable of executing against immediate demands while developing a clear roadmap for further improvements.”
“We are honored to be recognized by NelsonHall as a leader in the Retail Banking BPO market,” said Abid Ali Neemuchwala, Global Head, Business Process Services at TCS. “We see this recognition as a testament to our team’s ability to help meet the strategic business objectives of our clients. Our investments in domain expertise and technology platforms, coupled with our portfolio of delivery options across TCS’ Global Network Delivery Model (GNDM™) offers global banks a strong platform to help transform their operations.”
As a result of the global financial crisis, the retail banking industry has evolved and is looking for a long-term change in operational delivery from localized risk-based product delivery (proprietary offers) to standardized transaction-based service delivery (flow business). The industry is looking to companies like TCS, who offer industry domain knowledge, a robust delivery mechanism (GNDM™) and technology (BaNCS Platforms) to enable them to manage their operations in more effective and efficient ways.
NelsonHall’s Evaluation & Assessment Tool (NEAT) is a method by which strategic sourcing managers can evaluate outsourcing vendors and is part of NelsonHall's Speed-to-Source initiative. The NEAT tool sits at the front-end of the vendor screening process and consists of a two-axis model: assessing vendors against their ‘ability to deliver immediate benefit’ to buy-side organizations and their ‘ability to meet client future requirements’. The latter axis is a pragmatic assessment of the vendor's ability to take clients on an innovation journey over the lifetime of their next contract. The service providers are divided into four categories: Leaders, High Achievers, Innovators and Major Players.
About TCS Business Process Services (BPS)
Business Process Services (BPS) at TCS is about managing & executing business operations. Our domain expertise helps deliver core business processing across industries, analytics & insights and support processes such as accounting, HR and supply chain management. TCS partners with customers to accelerate co-transformation, and generates business value for customers through delivery excellence, risk management and through innovative models such as Platform BPS which delivers process as a service. With annual BPS revenues of greater than US$ 1.44 billion, TCS is one of the largest BPS providers with 50,000+ employees servicing 225+ customers across the globe.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 290,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $11.6 billion for year ended March 31, 2013 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
Tuesday, February 25, 2014
TCS UK wins Gold Award for ‘Innovation in Learning’
Tata Consultancy Services (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions organization, has been awarded the Gold Award in the ‘Innovation in Learning’ category at this year’s Learning Awards. TCS UK and Ireland won the accolade for showcasing the prototype of its mobile learning program, Project Midnight Sun, which was piloted in the UK.
The mobile-based learning program aims to help TCS employees prepare for a move to work in one of the company’s international offices. Country-specific interactive content teaches users about cultural nuances and the ‘dos and don’ts’ for the region. This helps them become effective ambassadors for TCS and their home country. The user-friendly program is available anytime, anywhere and includes offline content to ensure employees are able to access information consistently.
Nupur Singh Mallick, Head, HR, TCS UK and Ireland, commented, “TCS is a global company. We actively encourage our employees to get global exposure in a different geographies and this program helps them prepare for their move. Our team is crucial to TCS’ on-going success and growth, and supporting employee development is one of our primary objectives. The Gold Award from the Learning and Performance Institute is great recognition and we look forward to continuing the development of Project Midnight Sun and implementing it in more countries.”
“We encourage our employees to experience working in one of our international offices, and this program helps them to prepare to move to (a new) another country of which they may have no prior knowledge or acquaintance,” she added.
The annual awards ceremony was organized by the Learning and Performance Institute. The awards celebrate and honor progressive thinking in the learning sector and recognize companies and individuals that have demonstrated outstanding examples of high standards, best practice, innovation and excellence in developing learning solutions with a proven business impact.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 290,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $11.6 billion for year ended March 31, 2013 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com
The mobile-based learning program aims to help TCS employees prepare for a move to work in one of the company’s international offices. Country-specific interactive content teaches users about cultural nuances and the ‘dos and don’ts’ for the region. This helps them become effective ambassadors for TCS and their home country. The user-friendly program is available anytime, anywhere and includes offline content to ensure employees are able to access information consistently.
Nupur Singh Mallick, Head, HR, TCS UK and Ireland, commented, “TCS is a global company. We actively encourage our employees to get global exposure in a different geographies and this program helps them prepare for their move. Our team is crucial to TCS’ on-going success and growth, and supporting employee development is one of our primary objectives. The Gold Award from the Learning and Performance Institute is great recognition and we look forward to continuing the development of Project Midnight Sun and implementing it in more countries.”
“We encourage our employees to experience working in one of our international offices, and this program helps them to prepare to move to (a new) another country of which they may have no prior knowledge or acquaintance,” she added.
The annual awards ceremony was organized by the Learning and Performance Institute. The awards celebrate and honor progressive thinking in the learning sector and recognize companies and individuals that have demonstrated outstanding examples of high standards, best practice, innovation and excellence in developing learning solutions with a proven business impact.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 290,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $11.6 billion for year ended March 31, 2013 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com
Thursday, January 16, 2014
Views on TCS results: Dipen Shah, Head-Private Client Group Research, Kotak Securities
TCS results are in line with expectations. The 2.9% volume growth in international business is encouraging. The management is pretty confident of FY15 growth rates being better than FY14.
We believe that, Consistent high volume growth being reported by TCS, reflects effective demand generation initiatives and efficient execution. The increase in employee addition target for FY14 as well as the likelihood of revising higher the FY15 employee targets reflect the extent of revenue visibility the company has.
We believe that, Consistent high volume growth being reported by TCS, reflects effective demand generation initiatives and efficient execution. The increase in employee addition target for FY14 as well as the likelihood of revising higher the FY15 employee targets reflect the extent of revenue visibility the company has.
Sunday, January 5, 2014
Foundation Laying Ceremony of TCS Global Learning Centre
The proposed TCS Learning Campus in Thiruvananthapuram will be located on a 97-acre property in the Technopark area of the city. The campus will be built over an area of 6.1 million square feet and feature residential accommodation for professionals and faculty at the center.
At a ceremony at TCS’ current training facility, TCS Peepul Park, the Hon’ble Prime Minister of India, Dr. Manmohan Singh was the chief guest and laid the foundation stone for the project. Other dignitaries present included the Governor of the State of Kerala, Shri Nikhil Kumar; the Hon’ble Chief Minister, Shri Oomen Chandy; the Hon’ble Minister for Industries and IT, Shri PK Kunhalikutty; Special Advisor to the Prime Minister, Shri TKA Nair; as well as the local MP, Shri Shashi Tharoor.
N Chandrasekaran, Chief Executive Officer and Managing Director, TCS, said, “TCS has been present in Thiruvananthapuram since 1997 and since then it has been the hub of our global learning and development efforts. The TCS Learning Campus will be the new benchmark for corporate learning worldwide and this iconic facility will produce world class professionals to meet the future needs of the IT industry.”
“We are grateful to the Kerala government officials and other stakeholders whose energy and commitment has helped make this project a reality today,” he added.
The project will boost the local economy in the region and during the construction period alone, it is expected that this project will provide direct employment to over 2,000 skilled and unskilled local people for a period of four years. An integral part of the project will be the skill development programs run by TCS to upgrade the skills of local youth and facilitate opportunities to work in the construction project, through contractors.
TCS is the single largest private sector employer in India. It employs over 285,000 professionals worldwide and plans to hire 50,000 professionals in 2013-14. It spends over 15 million hours on learning and development programs for its employees every year. Over the last five years till date, the company has trained over 143,000 IT professionals in India and abroad.
The company’s learning programs include its award-winning Initial Learning Program for fresh graduate trainees as well as numerous Competency Development and Leadership Development Programs for middle and senior executives in the company.
The proposed TCS Learning Campus will provide a natural, contemporary vision for education by linking elegant design, ecological thinking and modern technology. The integrated design has been organized around a centralized, iconic training facility with collaboration rooms and libraries on the high plateau at the middle of the site with residential and support buildings around it. The master plan of the campus, inspired by the rich regional heritage, incorporates the local architecture influences and used local materials in construction. It incorporates several green concepts such as zero waste discharge with 100% recycling of sewage, energy efficient systems, large area of green cover, rain water harvesting systems and integrated building management systems.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 285,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $11.6 billion for year ended March 31, 2013 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
Tuesday, October 15, 2013
Perspective on TCS results: Dipen Shah, Head of Private Client Group Research, Kotak Securities
“TCS results beat expectations on revenues as well as margins. The 7.3% volume growth was significantly above expectations and also much above the growth reported by Infosys.
The consistent high volume growth reported by TCS for the past several quarters reflects effective demand generation initiatives and efficient execution. The company has been able to effectively identify opportunities in a volatile macro environment and has been able to provide an integrated services approach to clients.”
The consistent high volume growth reported by TCS for the past several quarters reflects effective demand generation initiatives and efficient execution. The company has been able to effectively identify opportunities in a volatile macro environment and has been able to provide an integrated services approach to clients.”
Friday, September 27, 2013
TCS Reveals Key Cross-Sector STEM Insights as “Voice of Corporate America”
“There is no doubt that a nation that is technologically savvy will inevitably have a competitive edge,” said N Chandrasekaran, CEO and Managing Director, TCS. “As we become more ‘digital’ as a society, not only does STEM education lead to technology-led innovations, but also increased competitiveness and productivity of a country. Future job growth will be in STEM disciplines, and a nation aspiring to be a global leader can use STEM education as a perfect platform for economic growth and prosperity.”
TCS’ Connected Marketing Solutions team analyzed and mined the most emphasized CEO responses in STEMconnector’s report to reveal further insightful trends, challenges and recommended solutions. Across numerous industries, the top three areas of cross-sector CEO consensus included the following:
41 percent feel that it is important to train young students and professionals in STEM education to meet critical future US workforce needs
40 percent strongly support the STEM education of women and underrepresented minorities
35 percent feel that technical training innovation is essential for economic growth and competitive advantage in the global marketplace
The top five commitments from the 100 CEOs – representing a combined revenue of more than $3.27 trillion and 7.6 million employees – to increase STEM participation including the following:
Understand and train for critical STEMS skills and experiences their organizations need to succeed.
Invest in STEM education with public and private organizations, establishing mentorships and apprenticeships.
Increase employees’ awareness of STEM challenges and establish cross-departmental alignment on STEM company initiatives.
Encourage them to get involved with STEM initiatives outside of work to help motivate future STEM employees.
Change perceptions within their communities by educating students, teachers, career counselors and parents about the various and promising career opportunities requiring STEM skills.
“The role of technology and innovation as a prime driver of US growth in STEM was a powerful insight, validating our prior outlook,” said Surya Kant, President, North America, UK and Europe, TCS. “The commitment of the 100 CEOs and the cross-sector consensus shows how deeply they feel about the issue of educating our youth, and inclusion of women and minorities in STEM. We need several corporate leaders to answer the call-to-action, identify existing best practices for in-school and out-of-school programs, and make the commitment to use their core competencies and resources to bridge the US STEM gap.”
“It is all about CEO commitment. We are collectively humbled by the caliber of the thoughtful insight. We must all take a collective action to ensure America’s youth and workforce are equipped with the STEM skills needed to compete in the global market economy,” said Edie Fraser, CEO, STEMconnector®.
TCS put its Connected Marketing Solution’s Voice of Customer Analytics (VoCA) Platform to work, using text-mining algorithms to analyze each of the 100 CEOs’ responses, categorize them and extract key phrases, themes and opinions. Patterns, metrics and graphical summaries were identified to provide clear views of the CEOs’ perspectives, sentiment, satisfaction, expectations and potential actions. In partnership with STEMconnector®, TCS has published these insights and analysis in a white paper on its website at on.tcs.com/STEM100CEOTalk.
In September, TCS summarized the key issues and potential solutions to address STEM workforce issues, following the “Computer Science Executive Round Table” that it hosted in partnership with STEMconnector®. This dynamic event held at the National Press Club in Washington, DC brought together executives, government officials and thought leaders sharing a common cause: increasing students’ interest and participation in Computer Science (CS), advocating for stronger educational policy and implementing programs that will effectively excite and prepare students for computer science careers. The event was designed to assess the current status of CS education and careers at a national and state level, and then create a blueprint to address the key issues through cross-sector collaboration.
TCS also recently completed the fifth year of TCS goIT, its own multi-tiered program engaging students, parents, universities and local government in competitions to increase excitement in STEM and technology-related careers. The program is now expanding to cover 10 cities in the US and Toronto, Canada.
About STEMconnector®
STEMconnector® is “the one-stop-shop” for STEM information. With several products and services, STEMconnector® supports its members design, implement and measure their STEM strategies. Since its launch in 2011, STEMconnector® has been the leader in leveraging a network of STEM stakeholders and “making things happen.” STEMconnector®’s charge is to identify, inform and connect entities working in STEM Education/Careers to assess smart STEM investments and results. For information on how to become a sponsor, contact Lorena.Fimbres@STEMconnector.org.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 277,000 of the world’s best-trained consultants in 44 countries. The company generated consolidated revenues of US $11.6 billion for year ended March 31, 2013 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
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