03-09-2024 12:59 PM | Source: Accord Fintech
TCS surges on partnering with Google Cloud to launch AI-powered cybersecurity solutions

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Tata Consultancy Services is currently trading at Rs. 4529.20, up by 8.35 points or 0.18% from its previous closing of Rs. 4520.85 on the BSE.

The scrip opened at Rs. 4540.10 and has touched a high and low of Rs. 4540.50 and Rs. 4495.50 respectively. So far 6919 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4585.90 on 02-Sep-2024 and a 52 week low of Rs. 3313.00 on 01-Nov-2023.

Last one week high and low of the scrip stood at Rs. 4585.90 and Rs. 4450.00 respectively. The current market cap of the company is Rs. 1635375.56 crore.

The promoters holding in the company stood at 71.77%, while Institutions and Non-Institutions held 23.41% and 4.82% respectively.

Tata Consultancy Services (TCS) has expanded its partnership with Google Cloud to offer two new cybersecurity solutions for customers. This partnership aims to strengthen cyber resilience for enterprises across industries and empower them with domain-focused innovation with cutting-edge technologies from TCS and Google Cloud.

The TCS Managed Detection and Response (MDR) solution, powered by Google Security Operations platform, will enable security teams to reduce the time required to detect, and respond to threats. It combines the hyperscaler’s advanced threat detection capabilities with TCS’ contextual knowledge to enable continuous security monitoring and round-the-clock response. The TCS Secure Cloud Foundation leverages capabilities from Google Cloud’s security solutions to strengthen cloud security posture and governance across single, multi, and hybrid cloud environments by embedding security and compliance guardrails throughout the DevSecOps lifecycle. Leveraging AI, machine learning, and automation, the solution continuously monitors risks, identifies deviations, and recommends remedial actions.

TCS has already deployed both solutions successfully for several of its clients. For example, the Secure Cloud Foundation solution has assisted a global bank headquartered in Germany in automating, identifying, and deploying over 800 build-time and runtime security policies, ensuring adherence to regulatory compliance requirements.

In a partnership spanning a decade, TCS and Google Cloud have helped global enterprises transform their businesses with the power of cloud. This new phase of the partnership will focus on leveraging Google Cloud’s AI-powered security portfolio across threat intelligence, security operations and cloud security. TCS and Google Cloud will help clients secure their cloud transformation journeys by offering tailored solutions at a global scale, along with local expertise to adhere to regulatory compliance.

TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses. TCS offers a consulting-led, cognitive powered, integrated portfolio of IT, business & technology services, and engineering.