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TCS to recruit 1,500 tech staff in UK

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NEW DELHI: Tata Consultancy Services (TCS), has announced that it will recruit 1,500 technology employees across the UK over the next year.

The announcement followed Monday’s meeting in Mumbai between visiting UK Trade Secretary Liz Truss and TCS CEO, Rajesh Gopinathan, where they discussed the company’s commitment to continue investing in the UK’s economy, innovation, technology sector, and in developing workforce skills.

The announcement builds on TCS’s rich 45-year history in the UK. By partnering with some of UK’s largest corporations in their growth and transformation initiatives and helping them harness the power of emerging technologies to launch new innovative products and services, TCS has been an integral part of the UK economy’s initiatives to remain globally competitive.

Consistently ranked number one in customer satisfaction by its UK clients in one of Europe’s largest independent surveys, TCS has grown its business in the UK almost four-fold over the last decade entirely organically, making it one of the largest providers of IT and IT-enabled services in the nation.

TCS is also one of the UK’s largest recruiters of IT talent. Its UK workforce is a young and diverse one, with 54 nationalities represented. Women make up 28% of the workforce, much higher than the 17% average in the IT sector. TCS is a Top Employer, named among the Sunday Times Top 25 Best Big Companies to Work For, and the Sunday Times Top Graduate Recruiters.

Rajesh Gopinathan, Chief Executive Officer and Managing Director, TCS said: “This development builds on the great work TCS is delivering to our UK customers. Our sustained investments have made TCS the preferred growth and transformation partner of our valued customers in the UK, allowing them to digitally transform their business for competitive growth.”

Liz Truss, UK Secretary of State for International Trade, said: “India is the world’s biggest democracy and a nation that shares our belief in free enterprise. Deeper trading ties will create opportunities for UK businesses that were simply not there as part of the EU, and set the stage for a much closer partnership with one of the economic powerhouses of the present and future, ensuring more investors like Tata Consultancy Services bring jobs and growth to the UK. We will be collaborating much more closely in the industries of tomorrow like science, tech and green growth, so we can build back better and deliver an export-led, investment-led, jobs-led recovery from coronavirus.”

Amit Kapur, Country Head, TCS UK & Ireland, commented: “The UK has been an important market for TCS for many years. Our success here has come from our single-minded focus on creating value for our customers through a model that attracts, trains, retains and engages the brightest talent that UK offers, while discharging our social and environmental responsibilities. We are creating thousands of well-paying jobs in communities across the UK, rejuvenating local economies and providing visibility to young people around long-term careers in technology.”

Equally committed to giving the UK’s young people quality jobs and opportunities, TCS STEM skills programmes have reached more than 150,000 young people in the UK in the last three years and in 2020, with Queen Mary University of London, the launch of TCS Digital Explorers Bursary, provides financial assistance to undergraduate students from low-income families.

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63 moons to provide next-gen tech to Italian firm; eyes pan-European markets

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NEW DELHI: 63 moons technologies, formerly known as Financial Technologies, on Tuesday said it will provide next-generation technology solutions to Italy-based Spuma SRL as it targets pan-European markets.

In addition, 63 moons said it will evaluate global giants in cloud computing services like Amazon’s AWS, Microsoft’s Azure and Google cloud for deploying the technology, the provider of technology solutions to financial markets said in a regulatory filing to the BSE.

63 moons provides next-generation technology ventures and solutions for creating digital markets and marketplaces that enable price discovery and transaction efficiencies across industry segments.

The announcement comes a day after 63 moons said that it will not provide technology support to Multi Commodity Exchange (MCX) after September 30.

As per the filing, Spuma SRL will leverage 63 moons’ expertise on real-time mission critical solutions, using the latest technology suite.

The company will be offering a SaaS (Software-as-a-Service) model with earnings by way of share in revenue by transaction charges and services earned by the digital ecosystem, which is its innovative model for high-growth IP monetization similar to Indian exchanges.

The company said it “would back and boost Italy-based Spuma SRL, with its next generation technology capabilities and solutions to create a digital market ecosystem for revitalised goods in the pan-Europe multi-million euro project and offering efficient and high value procurement and exchange proficiencies of revitalised goods”.

Spuma SRL will be offering these services initially from Italy, followed by extending to all the European Union countries and users of the platform.

63 moons would be offering technology support for the production, installation, and maintenance of the software application for the entire project, while the remaining operational functions will be carried out by Spuma SRL.

Source: Press Trust of India

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Realme DIZO partners OEL to make smartwatches, audio wearables in India

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NEW DELHI: Smart devices maker Realme DIZO has partnered with electronic manufacturing services company Optiemus Electronics Limited to manufacture smartwatches and audio wearables in India.

DIZO is a global technology brand and already has its presence in several other countries. However, India is the most important market for the brand, the company said in a statement.

“We have been talking about local manufacturing since the beginning and today, this dream is realised too and we are very excited about the future. Our alliance with Optiemus Electronics Limited (OEL) only supports our commitment towards India and Indian consumers.

“We are positive that through this partnership, we will be able to bridge the gap of making more futuristic AIoT (Artificial intelligence of things) and lifestyle products for the growing consumer needs,” DIZO India CEO Abhilash Panda said.

The brand has already started manufacturing some of its products, including DIZO Watch D, here in India and will eventually move to production of the other DIZO products – existing and upcoming ones in phases.

“From selling out products within minutes of the first sale to touching 1 million consumer base in just 5 months of inception to being rated as one of the top five smartwatch brands and fastest growing brands in audio wearables, our journey has been nothing less than a dream come true,” Panda said.

Since its inception, DIZO has launched over 30 products, including smartwatches, earbuds, neckbands, beard trimmers, hair dryers, feature phones and smartphone accessories.

In terms of product categories, DIZO will focus on entering into smart entertainment, smart home, smart care, and accessories for its consumers, the statement said.

Source: Press Trust of India

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Singtel arm sells 1.59% stake in Bharti Airtel for Rs 7,261 crore

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NEW DELHI: Pastel Ltd, an entity of Singtel, on Thursday divested 1.59 per cent stake in Bharti Airtel for Rs 7,261 crore through an open market transaction.

The stake has been picked by Bharti Airtel’s promoter Bharti Telecom Ltd, as per block deal data with the National Stock Exchange (NSE).

According to the data, Pastel offloaded 9,40,00,000 shares, amounting to 1.59 per cent stake in the company.

The shares were disposed of at an average price of Rs 772.5 apiece, taking the transaction value to Rs 7,261.50 crore.

Pastel Ltd is a unit of Singapore Telecommunications Ltd (Singtel).

Post this transaction, Pastel’s shareholding in Bharti Airtel will decrease to 10.62 per cent from 12.21 per cent.

At the end of the June quarter, Pastel held 13.84 per cent stake in the firm, shareholding data with the bourse showed.

Bharti Group Chairman Sunil Bharti Mittal’s family and Singtel are co-investors in Bharti Telecom Ltd (BTL).

In early September, Singtel entities had jointly sold a 1.76 per cent stake in Bharti Airtel for about Rs 7,128 crore, while its co-promoter Bharti Telecom Ltd bought 1.63 per cent stake from Pastel for Rs 6,602 crore.

Last month, Singtel announced that its affiliates have entered into an agreement to transfer approximately 3.33 per cent stake to BTL for an aggregate amount of approximately 2.25 billion Singapore dollars (SGD), leaving direct shareholding of Singtel and Bharti in Airtel at around 10 per cent and 6 per cent, respectively.

Bharti Telecom at present holds 35.85 per cent stake in the country’s second-largest telecom service provider Bharti Airtel.

Source: Press Trust of India

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