Tata Consultancy Services Ltd

As part of the collaboration, TCS will deploy TCS BaNCS' for Reconciliations to help the CEB streamline complex financial transactions and automate key reconciliation processes using artificial intelligence (AI) and automation. With the implementation of TCS BaNCS for Reconciliations, the CEB will be able to automate the entire reconciliation lifecycle'from transaction matching and exception handling to investigation and reporting. The product will provide real-time visibility and greater transparency while reducing manual effort and turnaround times. Its integration with the bank's core systems will allow better control and faster daily reconciliations. The bank will also be equipped with tools to automate critical tasks such as file loading, extraction of PDF statements, and reconciliation of unmatched entries. Headquartered in Paris, the Council of Europe Development Bank is a social development institution that supports social inclusion projects across 43 member states. Its financing activities span sectors such as education, healthcare, and affordable housing, with a focus on serving vulnerable communities. With billions of euros in loans under management, the CEB requires robust, scalable technology to handle increasing volumes of financial transactions. TCS BaNCS for Reconciliations is an intelligent, centralized, and scalable product that helps banks manage reconciliations end-to-end. By leveraging artificial intelligence and machine learning, it enhances accuracy and automates key processes such as transaction matching, exception handling, and case management. The product is highly scalable and reliable, making it suitable for banks handling large volumes of transactions. It features a cognitive reconciliation engine, enhanced pre-processing capabilities, online archiving, API integration, and mobile support, and is available for both on-premises and cloud deployment. The product combines a modern user interface, smart dashboards, and real-time data processing to help banks manage unreconciled transactions more efficiently. Its flexible, intelligent design enables seamless automation across systems without the need for manual checks or intervention, helping reduce errors, speed up operations, and lower processing costs. Built to meet global standards like SWIFT ISO 20022, the platform ensures compliance while minimizing delays and exceptions. Stefano Michelangeli, head of finance and risk systems at the CEB, said, 'The CEB has a clear mandate to enhance social development among its member countries by leveraging technology. A reliable, robust and secure reconciliations solution has been key to this vision. Automation in reconciliation with high STP (straight-through processes) is central to ensuring error-free operations for institutions such as ours. With TCS BaNCS for Reconciliations, we will be able to eliminate manual reconciliations processing and reporting for transparent, auditable outcomes, especially for high-value transactions. By improving the overall efficiency of operations, we can deliver on our larger vision of enhancing economic growth in the countries we service in line with our Strategic Framework 2023-2027.' Venkateshwaran Srinivasan, global head, financial solutions, TCS, said, 'We are happy to partner with an organization like the CEB and support its strategic goal of improving social and economic development in its member states. With the deployment of TCS BaNCS, the CEB will be able to gain significant efficiency in operations, which gives the bank the ability to operate on a higher scale. We continue to invest in products to help our clients enhance efficiency, improve customer experience and be future-ready.' Tata Consultancy Services (TCS) is a digital transformation and technology partner of choice for industry-leading organizations worldwide. On a consolidated basis, TCS reported a 1.26% decline in net profit to Rs 12,224 crore while revenue from operations rose 0.79% to Rs 64,479 crore in Q4 March 2025 over Q3 December 2024. The counter rose 0.20% to Rs 3,502.30 on the BSE. Powered by Capital Market - Live

Tata Consultancy Services has partnered with the Council of Europe Development Bank (CEB), to modernize its operations and drive greater efficiency. As part of this collaboration, TCS will deploy TCS BaNCSTM for Reconciliations to help the bank streamline complex transactions and automate key reconciliation processes using artificial intelligence and automation. With the implementation of TCS BaNCS for Reconciliations, the CEB will be able to automate the entire reconciliation lifecycle'from transaction matching and exception handling to investigation and reporting. The product will provide real-time visibility and greater transparency, while reducing manual effort and turnaround times. Its integration with the bank's core systems will allow for better control and faster daily reconciliations. The Bank will also be equipped with the tools needed to automate critical tasks such as file loading, extraction of PDF statements, and reconciliations for unmatched entries.Powered by Capital Market - Live

Tata Consultancy Services a global leader in IT services, consulting, and business solutions, has entered a long-term, strategic partnership with Salling Group to drive sustainability, technology innovations and improve organizational efficiency. The collaboration will cover Salling Group's 2,100 stores, brands and 68,000 employees across Denmark, Poland, Germany, Estonia, Lithuania and Latvia including BR, a nationwide toy store chain, franchise quick-service restaurants Carl's Jr. and Starbucks, and grocers f'tex, Bilka, Netto and RIMI Baltic. As part of this partnership, TCS will help the Salling Group's cloud adoption journey and subsequently stabilize the operations with the aim of driving more agility, scalability, and sustainability. Additionally, TCS will support the retail group's digital transformation, focusing on enhancing the e-commerce platform to be more responsive to the evolving consumer demands.Powered by Capital Market - Live

According to an exchange filing, the partnership will cover Salling Group's operations across 2,100 stores and brands, involving 68,000 employees across Denmark, Poland, Germany, Estonia, Lithuania, and Latvia. The collaboration will include major retail brands and franchises under Salling Group, such as BR (a nationwide toy store chain), quick-service restaurants Carl's Jr. and Starbucks, as well as grocery chains f'tex, Bilka, Netto, and RIMI Baltic. As part of this partnership, TCS will help the Salling Group's cloud adoption journey and subsequently stabilize the operations with the aim of driving more agility, scalability, and sustainability. Additionally, TCS will support the retail group's digital transformation, focusing on enhancing the e-commerce platform to be more responsive to the evolving consumer demands. TCS plans to deploy its AI-powered cloud operations solution, Cloud Exponence, to support the initiative. The platform uses a Machine First' approach and optimizes machine-human collaboration to deliver smart managed services in hybrid cloud environments. Through the power of AI and intelligent automation of operational tasks, along with built-in security and compliance, the solution reduces cloud management overheads, offers a consistent service delivery experience and provides full-stack infrastructure services. The company said it had a strong presence in Denmark for the past 30 years. Currently, over 20,000 TCS employees support leading enterprises in the Nordics, driving growth and transformation for some of the region's top multinationals in sectors such as banking, financial services, insurance, telecom, and hi-tech. Additionally, TCS in Denmark has ranked #1 in customer satisfaction by an independent survey and has also been recognized as a Top Employer by the Top Employers Institute. Alan Jensen, CIO, Salling Group, said, 'At Salling Group, everything we do is ultimately to help make our customers' lives better. This project is no exception. Our partnership with TCS will help us better respond to their changing needs and do so responsibly and sustainably. This partnership helps us drive our 'Aspire 28' strategy that includes goals of more stores, acquisitions and mergers in existing and new markets.' Vikram Sharma, Country Head, TCS Denmark, said, 'Salling Group is an esteemed and successful retail group with a century long legacy, playing a vital role in the Danish community and across Europe. We are thrilled to be selected as their strategic IT partner, in their journey to perpetually adapt to the evolving needs of the customers. We will bring our global retail experience and technical prowess to help Salling Group build resilience and unlock new technologies to help drive their strategic goals.' Abhijit Niyogi, VP and Business Unit Head, Retail'UK, EMEA and India, TCS, said, 'We're proud to partner with Salling Group and support the journey towardstheir Aspire'28 vision and many more years of sustainable growth. We are committed to their long-term success and bringing our deep retail expertise and track record of helping global enterprises innovate, transform, and grow. Together, we're building an agile and sustainable operations that also offers smarter, scalable omnichannel experiences to meet the evolving expectations of consumers.' Tata Consultancy Services (TCS) is a digital transformation and technology partner of choice for industry-leading organizations worldwide. On a consolidated basis, TCS reported a 1.26% decline in net profit to Rs 12,224 crore while revenue from operations rose 0.79% to Rs 64,479 crore in Q4 March 2025 over Q3 December 2024. Powered by Capital Market - Live

Tata Consultancy Services Ltd is up for a third straight session in a row. The stock is quoting at Rs 3468.3, up 1.36% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.12% on the day, quoting at 25133.1. The Sensex is at 82476.63, up 0.04%. Tata Consultancy Services Ltd has dropped around 4.2% in last one month. Meanwhile, Nifty IT index of which Tata Consultancy Services Ltd is a constituent, has dropped around 0.2% in last one month and is currently quoting at 37669.2, up 1.83% on the day. The volume in the stock stood at 14.07 lakh shares today, compared to the daily average of 22.78 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 3481, up 1.3% on the day. Tata Consultancy Services Ltd is down 9.96% in last one year as compared to a 8.03% spurt in NIFTY and a 11.08% spurt in the Nifty IT index.The PE of the stock is 25.78 based on TTM earnings ending March 25.Powered by Capital Market - Live

Tata Consultancy Services Ltd fell for a fifth straight session today. The stock is quoting at Rs 3378.8, down 0.06% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.65% on the day, quoting at 24780.35. The Sensex is at 81473.39, up 0.59%.Tata Consultancy Services Ltd has eased around 2.35% in last one month.Meanwhile, Nifty IT index of which Tata Consultancy Services Ltd is a constituent, has increased around 3.71% in last one month and is currently quoting at 36938.1, up 0.71% on the day. The volume in the stock stood at 17.07 lakh shares today, compared to the daily average of 21.98 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 3395.1, down 0.06% on the day. Tata Consultancy Services Ltd tumbled 11.79% in last one year as compared to a 8.58% rally in NIFTY and a 9.34% spurt in the Nifty IT index.The PE of the stock is 25.46 based on TTM earnings ending March 25.Powered by Capital Market - Live

Tata Consultancy Services (TCS) has announced a five-year partnership with DNA, one of Finland's leading telecommunications providers, to accelerate its cloud transformation program. Under the agreement, TCS will lead the migration of up to 80% of DNA's enterprise applications to the public cloud by 2030. Building on the successful 17-year collaboration between TCS and DNA, this partnership is designed to enhance customer experience, drive operational efficiency, and deliver significant cost optimization. As part of DNA's broader 'Journey to the Cloud' program, TCS will leverage its proprietary tools, TCS Cloud Counsel and TCS Migration Factory on Google Cloud to streamline and automate key migration processes. In the initial phase of the program, more than 100 applications will be migrated to Google Cloud over the next 24 months. To support this at scale, TCS will establish a dedicated Cloud Migration Factory at its nearshore delivery center in Portugal, ensuring efficient management of application migration and modernization. Powered by Capital Market - Live

Tata Consultancy Services has received an add-on Advance Purchase Order (APO) for Rs 2,903.22 crore inclusive of taxes from Bharat Sanchar Nigam (BSNL) for planning, engineering, supply, installation, testing, commissioning and annual maintenance of 4G mobile network at 18,685 sites.Powered by Capital Market - Live

Tata Consultancy Services (TCS) has entered into a strategic alliance with Mongolia's Khan Bank to help modernize its core digital banking platform and transform its banking operations. Leveraging the flagship TCS BaNCS' Global Banking Platform (GBP), Khan Bank is set to embark on a digital transformation program to streamline processes, improve efficiency, and enhance customer experience. Khan Bank is a leading Mongolian national commercial bank with 548 branches spanning the country. It provides comprehensive banking and financial services to over 82 percent of Mongolia's total population (2.9 million customers). Khan Bank has been an existing customer for TCS' BaNCS platform for close to 25 years. Building on this long-standing partnership, the TCS BaNCS Global Banking Platform will help the Bank streamline and modernize several critical business functions, including the Customer Information File (CIF), trade finance, treasury, international payments, and loans and deposits. The TCS BaNCS product suite will be deployed across Khan Bank's operations including a consolidated treasury management platform supporting the wide range of asset classes offered by the bank, alongside real-time monitoring, risk exposure analysis, and advanced reporting capabilities. TCS BaNCS, an innovative and adaptive digital-first core banking solution, which has proven to support several leading global banks, will help Khan Bank enhance its digital portfolio, reduce time to market, and streamline operations. The solution will help accelerate time-to-market for new products and services allowing Khan Bank to fast-track response to customer demands and roll out new innovative offerings. TCS will help the bank in scaling its digital banking operations, in turn ensuring that the bank's services seamlessly reach a wider customer base contributing to its pure digital bank strategy. Powered by Capital Market - Live

Incorporated in Oman in 1989, Dhofar Insurance Company (DIC) is the largest insurance enterprise in Oman. It has a market share of over 18% in the general insurance space in the region. As a part of the collaboration, TCS will accelerate DIC's digital transformation journey, by setting up a modern insurance platform with next-gen technologies and improve customer and advisor experience across its key business offerings including life, medical, general and motor insurance. TCS will help DIC harmonize several existing product lines and drive business agility while rolling out new products. R Vivekanand, president, BFSI Products and in the process accelerate business outcomes.' TCS has a presence of over 20 years in Oman and is working with leading companies in the field of telecom, securities and some of the biggest banks and financial institutions in the country. TCS also opened its first office in Oman earlier this year, echoing TCS' commitment to driving digital transformation and supporting the economic and social development goals outlined in Vision Oman 2040. Tata Consultancy Services (TCS) is a digital transformation and technology partner of choice for industry-leading organizations worldwide. On a consolidated basis, TCS reported a 1.26% decline in net profit to Rs 12,224 crore while revenue from operations rose 0.79% to Rs 64,479 crore in Q4 March 2025 over Q3 December 2024. Powered by Capital Market - Live