BENGALURU: TCS on Tuesday said it will take a $125 million hit in the December quarter after it received a legal setback in the intellectual property infringement case filed by healthcare firm Epic Systems.Epic had alleged that TCS and Tata America had accessed its web portal without authorisation while servicing a mutual client, and then … Read more
NEW DELHI: United States Supreme Court has rejected Tata Consultancy Services appeal against a USD 140 million punitive damages order passed by a district court, the company said on Tuesday. The District Court of Wisconsin has awarded USD 140 million damages in favour of Epic Systems Corporation which alleged that TCS infringed its intellectual property … Read more
Tata Consultancy Services (TCS) has signed an agreement with Australia’s primary securities exchange, ASX. Under the deal, the Indian IT giant will provide next-generation clearing and settlement platforms to the Australian market. ASX will implement TCS BaNCS for market infrastructure to enable the transformation. TCS to rebuild software after ASX’s earlier flopThe TCS product will … Read more
Mahindra & Mahindra launched the XUV 700 back in August 2021. Since then the demand for the SUV has been all time high. Even today the top-of-the-line AX7 L variant commands a waiting period of up to seven months. The XUV 700 is available in MX, AX3, AX5, and AX7 variants and the price starts … Read more
Australian stock exchange operator ASX said it had hired Tata Consultancy Services (TCS) to overhaul its clearing and settlement software, opting for a route that will take less customisation after ditching a much-criticised blockchain-based effort. The choice is a major departure from its decision in 2017, announced with much fanfare, to be at the vanguard … Read more
Indian equities extended Wednesday’s gains and this helped benchmark indices comfortably cross the crucial hurdles. The Nifty 50 moved past the 19700-mark and ended at 19765.20 points and the Sensex settled at 65982.48 points. Among the major movers in the market were index major Tata Consultancy Services, PB Fintech, and Kalyan Jewellers India. PB Fintech … Read more
Indian blue-chip indexes shrugged off a weak start on Thursday to end at four-week highs as IT stocks continued to bask in expectations that the Federal Reserve is done hiking rates, which also triggered buying interest from foreign investors.The NSE Nifty 50 index settled 0.46% higher at 19,765.20, while the S&P BSE Sensex rose 0.47% … Read more
Tata Consultancy Services (TCS) has partnered with the Munch Museum in Oslo to create immersive and interactive drawing experiences for local visitors and global audiences. According to the company, scientists from TCS Research will leverage their expertise in AI and Machine Learning (ML) to bring Edvard Munch’s artworks and creative process to life through the … Read more
The Nascent Information Technology Employees Senate (NITES), an IT sector employee rights organisation, has reportedly filed a complaint with the labour ministry against Tata Consultancy Services (TCS). According to a report in Economic Times, NITES in its letter to the ministry has alleged that the IT major is forcefully transferring over 2,000 employees.NITES alleged that … Read more
The Nascent Information Technology Employees Senate (NITES), a rights organization for IT sector employees, has lodged a complaint with the labor ministry against Tata Consultancy Services (TCS). According to an ET report, NITES has alleged that TCS is forcefully transferring more than 2,000 employees without their consent.The affected employees are being given only 14 days … Read more