TCS should take new approaches to use technology for its clients said CEO Rajesh Gopinathan, while addressing employee on the new year. The CEO mentioned adopting a new client-centric approach by making it more relevant and meaningful than before to their clients and stakeholders. He also said to take it beyond the traditional focus on tech leaders and enter into a conversation with business stakeholders to shape their clients’ technology agendas.
TCS has partnered with Centre of Digital Enterprise at University of Auckland Business school to create Asia Pacific-focused digital sustainability index. The index will track the adoption and leverage of digital technologies by enterprises for their growth and transformation. The main goal of the Digital Sustainability Index is to raise awareness of the role that technology is playing in transforming companies, governments and communities.
Zoho Corporation has entered a strategic partnership with TCS to offer a range of solutions to help large enterprises to improve customer relationships, IT service management, and e-commerce solutions. The solutions offered can help Global enterprises realise new revenue opportunities, gain operational efficiency, and drive business success. Zoho said that organisations can begin with implementation its centralised customer experience platform – CRM Plus.
TCS is to acquire 100% share of the tech services unit of Deutsche Bank AG. India’s biggest IT company’s takeover of Postbank Systems AG’s 1,500 employees, who will now be part of TCS, will help Deutsche Bank to get closer to its job-cuts target. Deutsche will save 120 mn euros because of the deal which is likely to be completed by end of the year. PB Systems, in the year 2015, generated 533 mn euros ($632 mn) revenue.
TCS, wanting to achieve higher revenue from its Cloud services business, has decided to split it into five strategic units. Each unit — AWS, Google, Azure, TCS’ own cloud arm, and a cloud consulting unit — will have an individual vice president to head operations and will be responsible for revenue performance of their respective unit. TCS has focussed on growing its Cloud business for the last seven years, but now the unit has assumed higher revenue priority.
TCS is in advanced talks to acquire a technology services unit of Deutsche Bank AG, media reports said. India’s biggest IT company’s likely takeover of Postbank Systems AG’s 1,400 employees will help Deutsche Bank to get closer to its job-cuts target. PB Systems, in the year 2015, generated 533 mn euros ($632 mn) revenue. TCS, in the year 2008 paid $505 mn to acquire Citigroup Inc.’s back-office unit. It was TCSs biggest acquisition then.
TCS, despite business going south due to COVID-19 pandemic, has kept its campus hiring at par with the last fiscal year. The tech major will hire 40,000 freshers, like the last FY, from various campuses in India. It will double up its campus hiring (2000) in the USA, to cut dependence on H-1B and L-1 work visas. TCS, it is worth a mention, has honoured all the 40,000 offers it made last year despite the disruption of business. The freshers will join TCS beginning mid-July.