TCS leads the gainer list of ‘BSE IT’ space

TCS is currently trading at Rs. 1008.00, up by 12.85 points or 1.29% from its previous closing of Rs. 995.15 on the BSE.

The scrip opened at Rs. 990.00 and has touched a high and low of Rs. 1012.90 and Rs. 987.00 respectively. So far 63,000 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. 902.90 on 22-Aug-2011.

Last one week high and low of the scrip stood at Rs. 1067.20 and Rs. 987.00 respectively. The current market cap of the company is Rs. 1,97,287.00 crore.

The promoters holding in the company stood at 74.08% while Institutions and Non-Institutions held 20.90% and 5.03% respectively.

Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions organization, has launched TCS BaNCS Core Banking Release 12.0 at the annual flagship event for banking and capital markets, SIBOS 2011, in Toronto. This version continues to build on the industry’s leading functionality, flexibility and scalability for which the product has come to be associated globally.

The new version comes with many enhancements, out of which notable include, advanced multi-entity support allowing a single installation of TCS BaNCS to support a customer’s establishments across geographies, providing cross-entity customer transactions with configurable business restrictions; extensibility enhancements providing user configurable exit points; IFRS reporting engine, designed to perform calculations for effective interest rates, fair valuation on estimated and contracted cash flows, impairment of assets, etc.

There are over 50 enhancements in addition to spanning syndication, project and contract finance and membership module for credit unions. The data archival module has been enhanced to allow the use of certified third-party archival tools in addition to the in-built mechanisms. TCS BaNCS Core Banking solution continues to be available with a rich choice of channel solutions covering branch user, Internet, mobile and origination.

TCS Financial Solutions is a strategic business unit of Tata Consultancy Services. Dedicated to providing business application solutions to financial institutions globally, TCS Financial Solutions has compiled a comprehensive product portfolio under the brand name of TCS BaNCS.