Key Developments: Tata Consultancy Services Ltd (TCS.NS)

TCS.NS on National Stock Exchange of India

2,436.20INR
20 Aug 2014
Price Change (% chg)

Rs-2.30 (-0.09%)
Prev Close
Rs2,438.50
Open
Rs2,444.50
Day's High
Rs2,455.05
Day's Low
Rs2,430.05
Volume
1,028,379
Avg. Vol
1,014,982
52-wk High
Rs2,610.00
52-wk Low
Rs1,669.18

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Latest Key Developments (Source: Significant Developments)

Tata Consultancy Services launches iElect
Monday, 14 Apr 2014 10:28pm EDT 

Tata Consultancy Services Ltd:Launches iElect — a gamified app on the android platform that generates social insights about India's General Elections in 2014.Says 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.  Full Article

Tata Consultancy Services changes to IFRS 9
Friday, 4 Apr 2014 09:25am EDT 

Tata Consultancy Services Ltd:Says it elected to apply International Financial Reporting Standard (IFRS 9), Financial Instruments, from April 1, 2013, in accordance with the transition provision set out in this standard.IFRS 9 will be applicable to the (i) classification and measurement of financial assets and financial liabilities and (ii) hedge accounting.Prior to the adoption of Phase 1 and Phase 3 of IFRS 9, the Company followed IAS 39, Financial Instruments.This change will reduce the volatility in the company's reported quarterly profit or loss, resulting from the change in the time value of hedging instruments.In accordance with IFRS 9, the change in the time value will be accumulated under Other Comprehensive Income (OCI) in the balance-sheet until the forecasted cash flow occurs, whereupon the accumulated balance will be transferred to the profit & loss account.  Full Article

GDF Suez selects Tata Consultancy Services Ltd to improve efficiency and competitiveness
Tuesday, 25 Mar 2014 02:20am EDT 

Tata Consultancy Services Ltd:Says it won a multi-million, multi year deal from GDF Suez.The engagement will pan across France, Belgium and the Netherlands to rationalize and standardize CRM and billing applications.  Full Article

Tata Consultancy Services Ltd announces partnership with Microsoft Business Solutions
Tuesday, 4 Mar 2014 09:45am EST 

Tata Consultancy Services Ltd:Announced new partnership with Microsoft Business Solutions.Through this strategic partnership, TCS and MBS will collaborate on the development of online and on premise versions of Microsoft Dynamics CRM.As part of this partnership, TCS has developed a development center that will support the upcoming releases and updates to the Microsoft Dynamics CRM Roadmap, namely Mira and Leo.  Full Article

Tata Consultancy Services Ltd fixes record date for third interim dividend
Thursday, 16 Jan 2014 07:19am EST 

Tata Consultancy Services Ltd:Says it has fixed Jan. 28 as the record date for the purpose of payment of third interim dividend.Says the third interim dividend will be paid to the equity shareholders of the Company on Feb. 10.  Full Article

Tata Consultancy Services Ltd declares third interim dividend
Thursday, 16 Jan 2014 07:13am EST 

Tata Consultancy Services Ltd:Says the Board of Directors of the company at its meeting held on Jan. 16, inter alia, have declared a third interim dividend of four Indian Rupees per equity share of one Indian Rupee each of the company.  Full Article

Microsoft Corp Partners Tata Consultancy Services Ltd and Wipro Ltd For CityNext Initiative - Business Standard
Wednesday, 20 Nov 2013 06:01am EST 

Business Standard reported that Microsoft Corp has tied up with Tata Consultancy Services Ltd and Wipro Ltd to launch its CityNext initiative to leverage technology for sustainable growth of cities in India. The initiative will work on 40 areas in eight domains -- Energy & water, infrastructure, planning & buildings, Transportation, Public safety & justice, Tourism, recreation & culture, Education, Health and Social services & government administration. Microsoft said in a statement that these areas will help address 90% of the challenges cities face, and CityNext will address them through its partner network of more than 430,000 technology experts across the globe.  Full Article

Tata Consultancy Services Ltd Secures Contract
Tuesday, 5 Nov 2013 06:37am EST 

Tata Consultancy Services Ltd announced that Zions Bancorporation, has chosen TCS BaNCS for core banking transformation program to achieve standardization, centralization and straight through processing across the enterprise.  Full Article

Tata Consultancy Services Ltd Partners With WCIRB - Business Standard
Monday, 28 Oct 2013 08:08am EDT 

Business Standard reported that Tata Consultancy Services Ltd has partnered with the Workers Compensation Insurance Rating Bureau of California (WCIRB), to develop and rollout WCIRB’s STAR operating system. The financial details of the contract were not disclosed.  Full Article

Tata Consultancy Services Ltd Receives Contract From Bmbardier transportation
Monday, 21 Oct 2013 06:40am EDT 

Tata Consultancy Services Ltd announced that it has been selected by Bombardier Transportation to manage its IT infrastructure for newly commissioned data centers. As a part of contract, TCS will provide remote infrastructure management to Bombardier transportation's recently established data centers in Germany.  Full Article

India's Tata to invest $35 bln over 3 years, focus on new businesses

MUMBAI, July 30 - Indian conglomerate Tata group will invest about $35 billion over the next three years to focus on new business areas such as infrastructure, defence and aerospace, as well as expanding its global footprint.

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