04-05-2022 10:30 AM | Source: Accord Fintech
TCS inches up on entering into strategic partnership with Payments Canada
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Tata Consultancy Services is currently trading at Rs. 3794.40, up by 24.60 points or 0.65% from its previous closing of Rs. 3769.80 on the BSE.

The scrip opened at Rs. 3792.00 and has touched a high and low of Rs. 3810.10 and Rs. 3775.55 respectively. So far 7381 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4045.50 on 18-Jan-2022 and a 52 week low of Rs. 3004.80 on 03-May-2021.

Last one week high and low of the scrip stood at Rs. 3810.10 and Rs. 3707.05 respectively. The current market cap of the company is Rs. 1379389.19 crore.

The promoters holding in the company stood at 72.19%, while Institutions and Non-Institutions held 22.95% and 4.86% respectively.

Tata Consultancy Services (TCS) has entered into a strategic partnership with Payments Canada, the country’s largest payment organization, to transform its payment system operations and help implement the Real-Time Rail (RTR), the new real-time payments system that will allow Canadians to initiate payments and receive irrevocable funds in seconds.

The company will leverage its deep knowledge of the Canadian payments industry and extensive experience in designing and implementing large payment systems for its Canadian financial services clients to help Payments Canada create and execute an integration roadmap for the RTR. Additionally, TCS will use its solutions around quality engineering and participant engagement to effectively help plan and orchestrate a comprehensive end-to-end industry assurance program that will holistically validate the solution for the RTR deployment.

TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.