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TCS inks multi-year deal with Air France-KLM
Economic Times
·
9m ago
Medial
Tata Consultancy Services (TCS) has signed a multi-year deal with Air France-KLM to help the airline become a leading data-centric airline group globally. TCS will modernize the airline's data by moving it to the cloud over the next three years, allowing Air France-KLM to exit data centers and leverage the cloud's capabilities. The new data architecture will enhance operations, drive decision-making, improve functionality, and increase efficiency. TCS has been Air France-KLM's partner for 30 years, focusing on reliability, customer service, social media, and e-commerce. The migration will be supported by a dedicated team of over 100 professionals across TCS delivery centers in France, the Netherlands, and India.
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Pixxel Inks Deal With Defence Ministry To Manufacture Miniaturised Satellites
Inc42
·
1y ago
Medial
Spacetech startup Pixxel has signed a deal with the Indian Ministry of Defence to produce miniaturised multi-payload satellites for the Indian Air Force. This collaboration comes under the Innovations for Defense Excellence (iDEX) scheme. The miniaturised satellite developed by Pixxel will have the capacity to carry various payloads, including electro-optical, infrared, synthetic aperture radar, and hyperspectral technologies, with a maximum weight of 150 kgs.
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There are more opportunities than challenges in India: KLM CEO Marjan Rintel | Company Business News
Livemint
·
6m ago
Medial
KLM is expanding its operations in India by introducing flights to Hyderabad, marking its fourth destination in the country. CEO Marjan Rintel highlights India's aviation market's growth and opportunities, noting a strong relationship with the Netherlands. Despite challenges like regulatory approvals, KLM plans further investments, including continued partnership with Tata Consultancy Services. With increased demand and cooperation with IndiGo, KLM remains committed to strengthening its presence and enhancing customer experience in India.
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At $2.5 billion, this is TCS’s biggest deal ever
Livemint
·
1y ago
Medial
Tata Consultancy Services (TCS) has confirmed a 15-year outsourcing deal with Aviva for at least $2.5 billion, making it the company's largest outsourcing deal to date. The agreement involves TCS overseeing the administration responsibility for 5.5 million life and pension policies offered by Aviva until 2039. This marks the third mega deal won by TCS under CEO K. Krithivasan. Mega deals have become crucial for TCS's growth, as they can provide 2-3% revenue contribution to large IT firms like TCS, Infosys, and HCL Technologies.
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TCS to set up first-of-its-kind human-centric AI center of excellence in France
Money Control
·
1y ago
Medial
Tata Consultancy Services (TCS) has announced the establishment of a Global Artificial Intelligence (AI) Center of Excellence in Paris, France. The center will be located in the upcoming TCS PacePort facility and will focus on areas such as brain-computer interface, building empathy in machines, and leveraging AI in arts and culture. The center will tap into France's AI ecosystem and talent base in design and engineering to develop advanced technologies in human-centric AI. TCS aims to deepen partnerships with universities, startups, and research centers in France to operationalize the center.
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Rajesh Bhosale’s 2 top trading ideas: TCS & Ashok Leyland
Economic Times
·
4d ago
Medial
Rajesh Bhosale, Technical Analyst at Angel One, recommends buying Tata Consultancy Services (TCS) and Ashok Leyland. TCS is expected to rebound from multi-year support levels with a target of Rs 3,100. Ashok Leyland is showing a bullish reversal pattern, targeting Rs 130. The market is at a critical juncture, with Nifty and Bank Nifty at key support levels, indicating potential rebounds. Buying opportunities exist, particularly in the auto sector.
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NPCI Inks Pact With IISc To Conduct Research On AI, Blockchain
Inc42
·
1y ago
Medial
The National Payments Corporation of India (NPCI) has signed a multi-year Memorandum of Understanding (MoU) with the Indian Institute of Science (IISc), Bengaluru for joint research on blockchain and artificial intelligence (AI) technology. The partnership aims to focus on scalable blockchain platforms, multi-modal analytics over fintech data, and practical challenges in the field. Additionally, the collaboration will establish the "NPCI-IISc Centre of Excellence (CoE) for Deep Tech Research & Development" to further innovation. The development aligns with the Indian government's increased emphasis on technological innovation.
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Dassault Strikes Landmark Fighter Jet Deal with Tata for Made-in-India Boost
StartupTalky
·
2m ago
Medial
Dassault Aviation has partnered with Tata Advanced Systems Limited (TASL) to boost India's defense manufacturing industry through a landmark deal for producing fighter jets, notably Rafales, domestically. This collaboration, a strategic move to meet a future Indian Air Force requirement for 114 multi-role aircraft, could transform global defense markets. The Hyderabad production line aims to deliver two fuselages monthly by 2028, significantly enhancing India's aerospace capabilities.
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Very unfair criticism to call TCS one-trick pony: CEO K Krithivasan - The Economic Times
Economic Times
·
25d ago
Medial
TCS CEO K Krithivasan attributes recent revenue dips to global economic uncertainties impacting client spending, particularly in airlines and auto sectors. He rejects the notion that TCS is overly reliant on its BSNL deal, emphasizing the company's diversified revenue streams. To counter challenges, TCS is aligning service lines, integrating AI, and focusing on cost optimization. Despite emerging competition, TCS leverages its contextual understanding and technological expertise to adapt and sustain growth.
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TCS expects margin benefits as BSNL deal tapers; to create 25K-seat capacity in Bengaluru: CFO
Livemint
·
6m ago
Medial
TCS anticipates enhanced profit margins as the BSNL deal tapers over upcoming quarters, while planning to expand a 25,000-seat capacity in Bengaluru. The BSNL contract, vital to recent revenue growth, is set to reduce until FY26. TCS aims to offset this with diversified revenue streams. While exact margin gains weren't disclosed, TCS aims to surpass the current 24.5% operating margin, leveraging currency dynamics and strategic property acquisitions for long-term growth.
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TCS slashes senior employees' variable pay for third straight quarter: Report
Economic Times
·
3m ago
Medial
Tata Consultancy Services (TCS) has cut senior employees' variable pay for three consecutive quarters, initially linking it to office attendance. Despite compliance with the work-from-office mandate, reduced payments continued. TCS also deferred annual salary increments amid global economic uncertainties. The company's employee count reached 607,979 with a slight attrition increase to 13.3%. TCS reported a revenue rise of 0.8% for the March quarter, totaling $30.18 billion for fiscal year 2025, growing 3.8% year-on-year.
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