TCS advances on entering into strategic alliance with GE

03 Mar 2016

TCS is currently trading at Rs. 2352.50, up by 32.95 points or 1.42% from its previous closing of Rs. 2319.55 on the BSE.

The scrip opened at Rs. 2324.00 and has touched a high and low of Rs. 2360.00 and Rs. 2301.20 respectively. So far 26730 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2810.00 on 04-Mar-2015 and a 52 week low of Rs. 2119.00 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 2360.00 and Rs. 2119.00 respectively. The current market cap of the company is Rs. 462656.48 crore.

The promoters holding in the company stood at 73.42% while Institutions and Non-Institutions held 21.98% and 4.59% respectively.

Tata Consultancy Services, (TCS), a leading global IT services, consulting and business solutions organization, has entered into strategic alliance with GE. The software major as a new member of the GE Digital Alliance Program created by GE Digital (GE), it will develop innovative digital solutions that increase the productivity of mobile workforces and assets in motion by leveraging Predix, GE’s cloud platform for the industrial internet.

TCS and GE will work together to create an innovative ‘industry solutions ecosystem’ by leveraging TCS’ comprehensive business and digital expertise to enrich GE’s Predix platform. TCS has already developed new IoT solutions on the Predix platform, such as satellite image analytics, supply chain monitoring, prognostic maintenance, and engine telematics.

Moreover, TCS has the largest pool of experts trained on the Predix platform and is significantly expanding its global team to support the unprecedented growth in the Industrial Internet, with more than 1,000 additional developers to be trained in 2016.


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