TCS leads the BSE “IT” space

Tata Consultancy Services (TCS) is currently trading at Rs 971.50, up by 20.30 points or 2.13% from its previous closing of Rs 951.20 on the BSE.

The scrip opened at Rs 971.90 and has touched a high and low of Rs 975.00 and Rs 957.00 respectively. So far 152000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 1247.00 on 06-Apr-2011 and a 52 week low of Rs 831.50 on 15-Jul-2010.

Last one week high and low of the scrip stood at Rs 1031.00 and Rs 938.10 respectively. The current market cap of the company is Rs 1,90,144 crore.

The promoters holding in the company stood at 74.05% while Institutions and Non-Institutions held 20.75% and 5.20% respectively.   

TCS, a leading IT services recently reported that the company and the Singapore Management University (SMU) would be establishing the TCS-SMU iCity Lab at SMU. The collaboration agreement signed between the two states that the two organizations are partnering to create a new research facility to develop industry standards and IT frameworks for the emerging intelligent city ('iCity') model of urban development.

This industry-university partnership is a first of its kind in Asia-Pacific for integrating cloud technology with the relevant business know-how to create urban management IT solutions.  TCS will initially directly invest S$6 million in the new TCS-SMU iCity Lab over the next three years. The investment provides scholarship funds for SMU post-graduate students in Information Systems Technology & Management, and research funds for SMU faculty.

In addition to the direct investment in the iCity Lab at SMU, TCS would be supporting the initiative under the TCS Co-Innovation Network (TCS COIN) initiative, with collaboration from its global network of Innovation Labs.

The iCity Lab will be located within SMU's School of Information Systems (SIS), and will draw on faculty from SIS as well as from the other parts of SMU.The partnership combines TCS' industry leading IT services expertise and culture of innovation with SMU's globally recognized focus on research and education and for the world of business and management across both the public and private sectors.

The iCity Lab will leverage TCS' existing suite of urban IT applications, as well as its large global organization and partner ecosystem. The lab will also carry out R&D and solution development in the areas of cloud platforms and software solutions, mobile applications, business analytics combined with consumer, citizen and social analytics, the Internet-of-Things, and also in the areas of business models for developing, scaling and operating cloud-based iCity solution platforms.