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Co-op Teams Up with TCS for a Cloud-First Future, stock jumps 1%

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In a major move, Co-op, a global leader in consumer cooperation, expands its 14-year partnership with Tata Consultancy Services (TCS). This collaboration is focused towards a cloud-first strategy, aiming to boost Co-op’s business growth.

From Past to Present: A Growing Partnership

For over a decade, TCS has been a key ally for Co-op, driving major transformations in retail, systems, and franchising. These changes have sped up Co-op’s market entry, unlocked new revenue, and improved agility. Now, the focus shifts to migrating Co-op’s IT infrastructure to TCS’s robust cloud environment. This move promises scalability, reduced energy use, and a push towards sustainability. Over the past few years we have seen many businesses moving towards Cloud based infrastructure to save cost and time.

What’s New? A Leap to Cloud with TCS

Rob Elsey, Co-op’s CDIO, expresses excitement over this extended partnership with TCS. He highlights the alignment with Co-op’s growth and infrastructure goals, emphasizing the future expansion and transformation. Shekar Krishnan from TCS echoes this sentiment, noting how TCS’s expertise will cement Co-op’s cloud-first approach and digital foundation.

TCS: A Pillar in the UK’s IT Landscape

TCS isn’t new to the UK’s tech scene. With over 45 years in the region and a team of 23,000+, it’s a major IT player, loved for its service quality. In fact, it ranks top in customer satisfaction among the UK’s biggest IT spenders. This is not a surprise as TCS is the second biggest IT company globally after Accenture and has offices across the globe.

About Co-op

Co-op is a big name in UK with its wide reach in food, funerals, insurance, and legal services. It’s a community champion, owned by millions in the UK. With a workforce of 60,000 and a turnover exceeding £11 billion, Co-op is a name synonymous with social responsibility and member-centric values.

TCS: Shaping the Future with Technology

Tata Consultancy Services is the biggest Indian IT firm; it’s a global consultant and technology partner with over 55 years of transforming businesses. Part of the Tata group, TCS boasts a workforce of 603,305 in 55 countries, demonstrating a strong commitment to sustainability and community development.

A Future-Ready Partnership

This expanded partnership between Co-op and TCS is a step towards a sustainable, cloud-powered future, showcasing a shared vision for innovation and environmental concerns.

Impact on the stock price

Immediately after the news, stock price for TCS jumped over 1.5%. However, as the IT index is facing pressure today, the stock gave up all the gains subsequently. Long term deals such as this one are very crucial for investors confidence. Shares for TCS has been on an uptrend after the last Q3 results. With increasing revenue and anticipation for interest rates cut by fed, we are hopeful on the long term view on TCS.

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As Co-op and Tata pave the way for a greener, more connected world, it’s clear that their collaboration is a long term engagement. Stay tuned as they continue to drive growth, sustainability, and community engagement in the digital age.

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L&T plans to extend AI expertise with help from NVIDIA

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L&T Technology Services, often called L&T Tech, is a company that helps other businesses with their technology needs. They do things like designing new products, improving existing ones, and making sure everything works smoothly. Basically, they’re like a helpful friend for companies who need a hand with technology stuff.

L&T is going to use stuff from NVIDIA, which is a company that makes really smart tech by AI driven chips. From March 18-21, they’ll be at an AI event by NVIDIA to learn more and share ideas.

What’s the plan? They want to make AI better and use it in lots of places, like in making cars, in hospitals, and in factories. They’ll learn about making AI that can talk and listen, help make things faster and better, and even help doctors with their work.

Amit Chadha, who’s in charge at L&T Technology Services, says they want to use what they learn to help solve real problems and help people all around the world.

NVIDIA is pretty happy to work with them. They think that together, they can make AI do even more amazing things for businesses and everyone else. Shanker Trivedi from NVIDIA is looking forward to seeing all the cool stuff they can do together.

So, what’s L&T Technology Services? It’s a part of a bigger company called Larsen & Toubro Limited, and they focus on creating new tech and researching. They work with many big companies and have lots of people working in offices and labs all over the place.

Want to know more? You can check out our website!

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TCS Secures Global Top Employer Title for 2024

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Tata Consultancy Services (TCS) shines again, getting the Global Top Employer certification for the ninth straight year. Recognized by the Top Employers Institute, TCS stands out for its exemplary people practices across the globe.

Celebrating Excellence in People Practices

The Top Employers Institute, a beacon of excellence in HR practices, has spotlighted TCS among just 16 global organizations. This prestigious acknowledgment underscores TCS’s leadership in fostering an innovative and supportive workplace.

A big name for Employee Health and Wellness

TCS’s commitment to its employees’ health and wellness has not gone unnoticed, ranking second in this critical category. This achievement highlights TCS’s dedication to nurturing a healthy and productive work environment.

A Global Recognition

Spanning continents, TCS has been named a top employer in over 32 countries, including hotspots in Europe, the Middle East, and Asia. This global accolade is a testament to TCS’s unwavering commitment to its team, guided by the Tata Group’s venerable values.

Empowering a Diverse Workforce

With a vibrant tapestry of over 603,305 employees from 153 nationalities, TCS champions diversity. Women represent a significant 35.7% of its global workforce, emphasizing the company’s inclusive ethos.

A People-Centric Approach

David Plink, CEO of the Top Employers Institute, lauds TCS for its people-centric vision. This recognition cements TCS’s reputation as a prime employer, deeply committed to employee growth and engagement.

Innovative Initiatives

TCS’s notable programs like the Engagement with Purpose framework and the TCS Elevate program underscore its pioneering approach to talent development and employee engagement.

A Holistic Well-being Vision

TCS’s wellness initiatives, including TCS Cares and TCS Fit4Life, support not just the physical but also the mental well-being of its employees, setting a benchmark in the industry.

Championing Talent Engagement

Milind Lakkad, Chief Human Resources Officer at TCS, reflects on this honor as a validation of TCS’s global talent engagement and transformation practices. He takes pride in TCS’s industry-leading retention rates and the visible impact of its people practices.

Investing in Future Skills

TCS is forward-looking, investing heavily in upskilling its workforce in next-gen technologies. Initiatives like training in GenAI and the Contextual Masters™ program propel TCS employees towards future readiness.

Fostering a Culture of Continuous Learning

TCS has cultivated an environment where learning never stops. With millions of learning hours clocked, TCS employees stay at the forefront of technology and innovation.

Supporting Young Talent

TCS is also committed to nurturing young minds through various STEM initiatives, ensuring a robust talent pipeline for the future.

About Top Employers Institute and TCS

The Top Employers Institute globally recognizes HR excellence, impacting millions of employees. Tata Consultancy Services, a giant in IT services and consulting, continues to pave the way for a better world of work, guided by its rich heritage and commitment to sustainable growth.

Stay tuned to witness how TCS continues to redefine the workplace and lead with innovation and compassion.

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Tata Elxsi makes a Big Move into Cloud Infrastructure. Will the share move like Kpit Tech finally?

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Tata Elxsi, a big company known for design and technology services provider for Automotive, Broadcast, Communications, Healthcare, and Transportation is getting into a partnership with Telefónica. Telefónica is a big name in the world of phones and internet. They’ve successfully implemented true cloud-natve infrastructure management powered by ETSI Open-Source MANO (ETSI OSM). This is a big deal because it makes managing the internet stuff easier and faster for companies.

What is this deal about?

Tata Elxsi and Telefónica worked together to make the internet’s infrastructure (which is a fancy way of saying the basic building blocks of the internet) better and more automatic. They used something called OSM from ETSI, which is a group that makes rules for the internet, to do this. It’s like they’ve built a smarter brain for the internet that can manage things on its own, making everything from watching videos to sending emails smoother.

Making Things Simpler and Faster

By joining hands, these two companies have made some cool new tools. These tools help make managing the internet stuff simpler, allowing things to run without needing a person to watch over them all the time, and even letting companies use different cloud services easily. It’s kind of like having a super-smart robot that knows how to handle all the internet things by itself.

Kpit Tech and Tata Elxsi

People are wondering if Tata Elxsi will start doing as well as KPIT Tech, another company that’s been doing really great with similar tech stuff. A few years back, everyone was trying to guess which one of these companies would be the best bet for making money in the long run. KPIT Tech has been hitting new highs, but Tata Elxsi has had a tough time getting past its top performance from August 2021 because it hasn’t been growing as fast as people hoped.

But now, with Tata Elxsi diving into cloud infrastructure, which is all about making the internet work better, things might start looking up. This new move could be their chance to catch up and maybe even get ahead in the game.

What Does This Mean for You?

If you’re watching these companies to see where to invest your money, this new development is worth paying attention to. Tata is stepping into the cloud game could turn out to be a great move, making it an interesting option for people looking to invest in tech companies. However, we are still not sure how much revenue will this initiative make for Tata.

So, will Elxsi soar like KPIT Tech now that they’re getting into the cloud infrastructure scene? Only time will tell, but it’s definitely a space to watch!

Want to know why Tata Elxsi is underperforming despite decent profit growth? Check this blog


Tata Elxsi and Telefónica’s partnership is a big step into a future where managing the internet could become a lot easier and smarter. As they push forward, we’ll be watching to see how this impacts the tech world and whether Tata Elxsi can climb to new heights in the industry.

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