TCS moves up on inking pact with C&S Wholesale Grocers to Build AI-Powered Distribution Model
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Tata Consultancy Services is currently trading at Rs. 3260.00, up by 18.70 points or 0.58% from its previous closing of Rs. 3241.30 on the BSE.
The scrip opened at Rs. 3260.00 and has touched a high and low of Rs. 3263.15 and Rs. 3243.00 respectively. So far 224 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. 2953.00 on 15-Jul-2022.
Last one week high and low of the scrip stood at Rs. 3268.70 and Rs. 3102.00 respectively. The current market cap of the company is Rs. 1186008.32 crore.
The promoters holding in the company stood at 72.30%, while Institutions and Non-Institutions held 21.91% and 5.80% respectively.
Tata Consultancy Services (TCS) has been chosen by C&S Wholesale Grocers, Inc. (C&S), an industry leader in supply chain solutions and wholesale grocery supply in the United States, to build a new operations platform on Google Cloud to reduce the company’s carbon footprint and enhance the customer experience.
C&S has partnered with TCS to reimagine its operations platforms, including customer experience and grocery distribution. TCS will lead the company-wide project and help C&S establish a new cloud-based architecture that will unify its current systems. Using Artificial Intelligence (AI) and Machine Learning (ML), C&S’s new operations platform will monitor traffic patterns and identify optimal distribution routes, thereby reducing food waste and achieving greater fuel efficiency.
The predictive platform will help C&S provide best-in-class tools and capabilities to its employees to achieve operational excellence and growth ? much of which is made possible by bringing self-service solutions to IT and customer service touch points. The deployment also will offer C&S the scalability needed to drive long-term business growth. The new Google Cloud platform will help C&S streamline its operations by providing the infrastructure flexibility to support the company’s sustainability initiatives and growth strategy. TCS will help reduce C&S’s carbon footprint by migrating its data center workloads to the carbon-neutral infrastructure of Google Cloud.
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.
