TCS Share Price Live Updates: TCS Sees a 1.7% Decline in Weekly Returns
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Time of India
5 hours ago
- Time of India
TCS, Now Corporation in partnership for Philippines' sovereign data cloud, financial inclusivity
New Delhi: Tata Consultancy Services (TCS) on Monday said it has partnered with NOW Corporation 's telecom arm to boost digital infrastructure and enable financial inclusivity in the Philippines. Now Telecom is a public sector telecommunications company in the Philippines offering services across mobile networks and fixed wireless. "Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions, has partnered with NOW Corporation's telecom arm - Now Telecom, a public sector telecommunications company, to bolster national digital sovereignty, enable financial inclusivity, and build a clean network for the Philippines," according to a release. With this Memorandum of Understanding (MoU) in place, the release said, TCS will support the company with capabilities to expand trusted networks, provide sovereign cloud technology and a cyber-defence suite, alongside creating citizen-centric services in areas such as healthcare and digital banking, promoting financial inclusivity. "...TCS will help in strengthening the national digital infrastructure of the Philippines and establishing new avenues for economic growth and citizen empowerment," the release added. Both TCS and NOW Telecom are members of the Trusted Network Alliance under the Trusted Network Initiative (TNI), a global initiative to promote the development and deployment of secure and reliable telecom networks. "With this partnership, TCS is reaffirming its commitment to advancing cyber-digital cooperation across the Indo-Pacific in adherence to the framework laid down by the TNI," it said. TCS will deliver services to enhance technology initiatives for data sovereignty (safeguarding national data from external threats) and operational interoperability (enabling cross-agency collaboration during complex scenarios). Other outcomes of the partnership would be building robust infrastructure against evolving cyber threats and ensuring sovereign control over critical systems during a crisis. "The NOW Group warmly welcomes the partnership with TCS in building the sovereign data cloud infrastructure for both the public and private sectors in the Indo-Pacific region," Mel Velarde, Chairman of NOW Group, said. "NOW's and TCS' expertise and innovative services will contribute to our nation's data sovereignty by defending against risks and threats while creating a scalable, secure, and robust data infrastructure," Velarde noted. NOW Corp and TCS will collaborate to co-design, develop, and deploy a scalable and secure digital infrastructure that is aligned with the country's Department of Information and Communications Technology and clean network principles. "By leveraging our expertise and innovative services, we aim to support the Philippines in building a resilient and secure digital ecosystem. We look forward to contributing to the country's digital transformation journey," Shiju Varghese, Country Head, TCS Philippines, said. TCS' 'SovereignSecure Cloud' will be deployed to develop a cloud infrastructure that will ensure local data control, AI infrastructure development, and enable operational continuity and local capability-building. As part of protecting the country's networks against cyber threats, TCS will help in developing advanced security protocols to protect critical infrastructure and leverage the TCS 'Cyber Defense Suite' offering cyber intelligence, resilience, vendor risk management, and identity security.
India Today
6 hours ago
- India Today
Manasi Mishra studied coding with dream of Silicon Valley job, AI-impact forced her to hustle on TikTok
Increasingly, there is talk that AI is going to impact jobs, including coding and software engineering jobs. We are already some of this impact in all the layoffs, including most famously in India by TCS, that have been carried out this year. Now, a report highlights that computer science graduates, even in the US where the job market might not be as slow as it is in India, are finding it difficult to find jobs as fresh computer engineers. One such graduate, according to the report, is Manasi to a report by the New York Times, 21-year-old Manasi Mishra graduated this year from Purdue University in Indiana. But after graduating, she couldn't find any job. She applied in multiple companies, and had dreams of working in a Silicon Valley giant, but she never received a call back, not even as a preliminary job interview. With going getting tough, she kept on applying, this time to several other companies as well. In the end, she received one call — from Chipotle, a fast-food chain.'I just graduated with a computer science degree, and the only company that has called me for an interview is Chipotle,' Mishra told dire became the situation for Manasi, who was born in the US to Indian-origin parents and is a US national, that she turned to TikTok. Mishra chose to hustle on TikTok as a beauty influencer. Gradually, she realised that not just coding, but she could do tech marketing and sales just as good enough or maybe even better. This finally led to a job interview she was able to crack and get the offer job market for IT graduates The story of Manasi is shocking, but the report goes on to highlight that it could be the start of a new normal and not an isolated case. Data sourced from the Computing Research Association suggests the US alone produced more than 1,70,000 undergraduates in computer science last year, while, according to a report from the Federal Reserve Bank of New York, computer science and computer engineering majors have been facing some of the highest unemployment rates amongst college graduates aged 22 to 27, which is more than double the figure amongst biology and art history whether it is Big Tech or some up-and-coming startup, are all moving fast and furious on incorporating AI into their daily workflows. While their leaders and top executives try and pacify their employees, saying AI can't and won't replace humans, side by side, the tech companies are laying off staff in big Microsoft, for instance, this number stands at a staggering 15,000 this year and there is no knowing if there won't be any more layoffs. Amazon CEO Andy Jassy has at least let its workforce know in advance that big layoffs are coming, so get to what the 'solution' is, there is no certainty yet on how the future will unfold. Irrespective, it all hints that a change is coming in the job market for techies. But change in itself brings new challenges, particularly for more experienced people who've spent most of their lives doing one thing and hoping to do it well enough to make ends meet. At TCS, for example, which is firing 12,000 people, most are mid- and senior level who could not successfully re-skill and retrain themselves.- EndsTune In
India.com
7 hours ago
- India.com
After sacking 12000 employees, BIG move by Noel Tata, TCS enters in partnership with…, to boost digital infra and…
Tata Consultancy Services (TCS) on Monday announced a partnership with NOW Corporation's telecom subsidiary to strengthen digital infrastructure and promote financial inclusion in the Philippines. NOW Telecom, a state-owned telecommunications provider in the country, offers services spanning mobile networks and fixed wireless connectivity. 'Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions, has partnered with NOW Corporation's telecom arm – Now Telecom, a public sector telecommunications company, to bolster national digital sovereignty, enable financial inclusivity, and build a clean network for the Philippines,' according to a release. TCS Partnership With NOW Corporation With this Memorandum of Understanding (MoU) in place, the release said, TCS will support the company with capabilities to expand trusted networks, provide sovereign cloud technology and a cyber-defence suite, alongside creating citizen-centric services in areas such as healthcare and digital banking, promoting financial inclusivity. '…TCS will help in strengthening the national digital infrastructure of the Philippines and establishing new avenues for economic growth and citizen empowerment,' the release added. Both TCS and NOW Telecom are members of the Trusted Network Alliance under the Trusted Network Initiative (TNI), a global initiative to promote the development and deployment of secure and reliable telecom networks. 'With this partnership, TCS is reaffirming its commitment to advancing cyber-digital cooperation across the Indo-Pacific in adherence to the framework laid down by the TNI,' it said. What Will TCS Do? TCS will deliver services to enhance technology initiatives for data sovereignty (safeguarding national data from external threats) and operational interoperability (enabling cross-agency collaboration during complex scenarios). Other outcomes of the partnership would be building robust infrastructure against evolving cyber threats and ensuring sovereign control over critical systems during a crisis. 'The NOW Group warmly welcomes the partnership with TCS in building the sovereign data cloud infrastructure for both the public and private sectors in the Indo-Pacific region,' Mel Velarde, Chairman of NOW Group, said. 'NOW's and TCS' expertise and innovative services will contribute to our nation's data sovereignty by defending against risks and threats while creating a scalable, secure, and robust data infrastructure,' Velarde noted. 'By leveraging our expertise and innovative services, we aim to support the Philippines in building a resilient and secure digital ecosystem. We look forward to contributing to the country's digital transformation journey,' Shiju Varghese, Country Head, TCS Philippines, said. TCS' 'SovereignSecure Cloud' will be deployed to develop a cloud infrastructure that will ensure local data control, AI infrastructure development, and enable operational continuity and local capability-building. As part of protecting the country's networks against cyber threats, TCS will help in developing advanced security protocols to protect critical infrastructure and leverage the TCS 'Cyber Defense Suite' offering cyber intelligence, resilience, vendor risk management, and identity security. (With Inputs From PTI)
