TCS announces DataPlus update for intuitive user experience

  • Mumbai headquartered Information Technology services, consulting and business solutions company Tata Consultancy Services has launched the updated version of its data management software, TCS MasterCraft DataPlus.
  • The new update uses machine learning based sensitive data discovery and learns to identify probable sensitive and personally identifiable data attributes, enabling privacy-safe data provisioning.
  • TCS MasterCraft is the company’s suite of intelligent automation products to optimise IT service delivery.
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TCS inks 10-year deal with Transport for London

  • IT services major Tata Consultancy Services on Thursday said it has been selected by Transport for London to design, implement and operate a new smart mobility system.
  • Over the course of the 10-year contract, which has the opportunity for a five-year extension, TCS will digitally transform taxi and private hire licensing and administration, as well as implement continuous improvements and innovation, a statement said.
  • TCS will design and launch the new system using its DigiGOV framework for rapid digital transformation, it added.
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TCS likely to call employees back to office by 2021-end

  • TCS CEO Rajesh Gopinathan told the newspaper that the company plans to call 70-80% of its workforce to work from office by end of the current calendar year or early next year based on how the impending third wave of the pandemic turns out.
  • Speaking on acquisition plans, India’s second-largest company by market capitalisation of nearly $195 billion has no plan to leverage the same in order to make large acquisitions as it is wary of current valuations.
  • Gopinathan said his company is cash conservative with respect to current market conditions despite high market cap.
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TCS to acquire Postbank Systems from Deutsche Bank

https://www.business-standard.com/article/companies/deutsche-bank-to-sell-it-unit-to-tcs-moves-closer-to-job-cutting-target-120110901525_1.htmlTata Consultancy Services (TCS) will be acquiring 100% of the shares of Postbank Systems, the IT unit of Deutsche Bank by the end of the year and all the 1,500 Postbank employees will be a part of TCS.

This move can be seen as a part of Deutsche Bank CEO Christian Sewing’s ambitious job-cutting target in which he plans to cut 18,000 jobs.