TCS rises on entering into partnership with Jaguar Land Rover
Tata Consultancy Services is currently trading at Rs. 3320.65, up by 22.70 points or 0.69% from its previous closing of Rs. 3297.95 on the BSE.
The scrip opened at Rs. 3308.00 and has touched a high and low of Rs. 3328.95 and Rs. 3294.20 respectively. So far 15081 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3575.00 on 16-Feb-2023 and a 52 week low of Rs. 2926.00 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 3328.95 and Rs. 3196.00 respectively. The current market cap of the company is Rs. 1212975.53 crore.
The promoters holding in the company stood at 72.30%, while Institutions and Non-Institutions held 22.35% and 5.35% respectively.
Tata Consultancy Services (TCS) has entered into partnership with Jaguar Land Rover (JLR) to launch JLR’s Open Innovation Programme in Israel to Co-Create Mobility Solutions with Start Ups. The programme will foster disruptive mobility innovation and strengthen relationships between JLR and Israeli start-ups, scale-ups, corporate entities, investors, and academia as part of JLR’s Reimagine strategy.
TCS has been a partner to JLR for more than a decade, contributing to the success of key transformation initiatives across its value chain, including sustainability and digital services. This latest partnership will help expand JLR’s Open Innovation programme to Israel, and support its Reimagine strategy to accelerate its electric first modern luxury future.
The programme will leverage TCS’ Co-Innovation Network (COIN) in Israel, to identify local technology offerings and scale them to global mobility solutions and services. It will explore opportunities in electrification, connectivity, digital services, metaverse, intelligent enterprise, manufacturing, supply chain and sustainability.
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.