Latest news with #TataConsultancyServices
Time of India
4 hours ago
- Business
- 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.com
7 hours ago
- Business
- 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)
Hans India
13 hours ago
- Business
- Hans India
Markets trade higher in early trade on buying in IT stocks, firm trend in Asian peers
Benchmark indices Sensex and Nifty were trading in positive territory in early trade on Tuesday helped by buying in IT stocks and a firm trend in Asian markets. The 30-share BSE Sensex climbed 66.28 points to 80,670.36 in early trade. The 50-share NSE Nifty went up by 42.85 points to 24,627.90. Later, the BSE benchmark quoted 205.95 points higher at 80,807.55, and the Nifty traded 59 points up at 24,643.20. From the Sensex firms, Tech Mahindra, Tata Consultancy Services, Mahindra & Mahindra, HCL Tech, Larsen & Toubro and Tata Steel were among the major gainers. However, Eternal, Bharat Electronics, Bajaj Finance and ICICI Bank were among the laggards. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng were trading in positive territory. The US markets ended lower on Monday. "Nifty bulls regained some momentum in Monday's trade, ending 222 points higher at 24,585, while Bank Nifty closed at 55,511. The market now eyes the key 25,000 level amid expected volatility ahead of US and India CPI data due Tuesday, and the Trump-Putin Summit on Friday. Sentiment is buoyed by record mutual fund inflows in July, with SIP contributions at Rs 28,464 crore and total AUM crossing Rs 75.36 lakh crore," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said. Equity-oriented mutual funds garnered a net inflow of Rs 42,702 crore in July, making it the highest-ever monthly tally for the segment, propelled by contributions from thematic and flexi-cap funds, despite heightened market volatility plagued by tariff war with the US. Additionally, a healthy growth was witnessed in SIP (Systematic Investment Plan) inflow at Rs 28,464 crore during the month under review, an increase from Rs 27,269 crore in June, data released by the Association of Mutual Funds in India (Amfi) showed on Monday. Global oil benchmark Brent crude climbed 0.33 per cent to USD 66.85 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,202.65 crore on Monday, according to exchange data. On Monday, the Sensex jumped 746.29 points or 0.93 per cent to settle at 80,604.08. The Nifty climbed 221.75 points or 0.91 per cent to 24,585.05.
The Hindu
13 hours ago
- Business
- The Hindu
Markets trade higher in early trade on buying in IT stocks, firm trend in Asian peers
Benchmark indices Sensex and Nifty were trading in positive territory in early trade on Tuesday (August 12, 2025) helped by buying in IT stocks and a firm trend in Asian markets. The 30-share BSE Sensex climbed 66.28 points to 80,670.36 in early trade. The 50-share NSE Nifty went up by 42.85 points to 24,627.90. Later, the BSE benchmark quoted 205.95 points higher at 80,807.55, and the Nifty traded 59 points up at 24,643.20. From the Sensex firms, Tech Mahindra, Tata Consultancy Services, Mahindra & Mahindra, HCL Tech, Larsen & Toubro and Tata Steel were among the major gainers. However, Eternal, Bharat Electronics, Bajaj Finance and ICICI Bank were among the laggards. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng were trading in positive territory. The U.S. markets ended lower on Monday. "Nifty bulls regained some momentum in Monday's trade, ending 222 points higher at 24,585, while Bank Nifty closed at 55,511. The market now eyes the key 25,000 level amid expected volatility ahead of U.S. and India CPI data due Tuesday, and the Trump-Putin Summit on Friday. Sentiment is buoyed by record mutual fund inflows in July, with SIP contributions at Rs 28,464 crore and total AUM crossing ₹75.36 lakh crore," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said. Equity-oriented mutual funds garnered a net inflow of ₹42,702 crore in July, making it the highest-ever monthly tally for the segment, propelled by contributions from thematic and flexi-cap funds, despite heightened market volatility plagued by tariff war with the U.S. Additionally, a healthy growth was witnessed in SIP (Systematic Investment Plan) inflow at ₹28,464 crore during the month under review, an increase from ₹27,269 crore in June, data released by the Association of Mutual Funds in India (Amfi) showed on Monday. Global oil benchmark Brent crude climbed 0.33% to $66.85 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,202.65 crore on Monday (August 11, 2025), according to exchange data. On Monday (August 11, 2025), the Sensex jumped 746.29 points or 0.93 per cent to settle at 80,604.08. The Nifty climbed 221.75 points or 0.91% to 24,585.05.
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Business Standard
14 hours ago
- Business
- Business Standard
Indian Largecap IT stocks: A relative safe haven amid market volatility?
Indian largecap IT stocks, once trading at premium valuations, have seen a sharp derating amid a sectoral slowdown, persistent negative news flow, and an uncertain global demand outlook. Industry bellwether Tata Consultancy Services (TCS) has seen its trailing twelve-month price-to-earnings (PE) ratio fall from 41x to around 20x, even as its profit CAGR stood at 8.5% and stock CAGR at about 6% over the past five years. While the Nifty IT Total Return Index (TRI) and sectoral earnings per share (EPS) have compounded at roughly 12.5% annually over the past two decades, the index has lagged the broader Nifty over the last three to five years. Analysts at DSP Mutual Fund note that IT's weight in the Nifty is now hovering near decade lows, but the sector's fundamentals remain robust, with top-tier companies continuing to deliver return on invested capital (ROIC) above 40%. This could set the stage for relative outperformance if valuations correct further. However, this positioning is more about relative safety than absolute return potential. Market strategists at DSP MF suggest that in the current volatile environment, a defensive portfolio comprising largecap IT, banks, and select other blue-chip stocks could help investors weather short-term turbulence while preserving capital. "With IT's weight in the Nifty near decade lows, and leading firms still generating ROICs above 40%, the sector may offer relative outperformance if valuations fall further. This doesn't signal that these stocks can deliver absolute returns, but when compared to the rest of the market, this may act as a relatively better investment avenue. The defensive bucket of IT, Banks and a few other largecap stocks can be used to tide over the market volatility," said Sahil Kapoor, Market Strategist and Head of Products at DSP Mutual Fund. What's driving this opportunity? IT's weight in the Nifty is near decade lows Leading firms are still generating ROICs above 40% The sector may offer relative outperformance if valuations fall further The defensive bucket of IT, Banks and a few other largecap stocks can be used to tide over the market volatility
