Tata Technologies moves up on collaborating with Microsoft and Tata Motors

Tata Technologies is currently trading at Rs. 1032.50, up by 2.50 points or 0.24% from its previous closing of Rs. 1030.00 on the BSE.

The scrip opened at Rs. 1036.05 and has touched a high and low of Rs. 1044.00 and Rs. 1030.00 respectively. So far 26051 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1400.00 on 30-Nov-2023 and a 52 week low of Rs. 982.25 on 04-Jun-2024.

Last one week high and low of the scrip stood at Rs. 1062.25 and Rs. 1028.50 respectively. The current market cap of the company is Rs. 41783.86 crore.

The promoters holding in the company stood at 55.39%, while Institutions and Non-Institutions held 2.60% and 42.01% respectively.

Tata Technologies has launched the 2nd edition of Tata Technologies InnoVent hackathon in collaboration with Microsoft and Tata Motors. This collaborative initiative aims to engage engineering students across India, providing them with a platform to showcase their creativity and innovations that address the challenges faced by the manufacturing industry. This year's hackathon focuses on Generative AI-enabled innovations that deliver value across the product development value chain, including product engineering, manufacturing, and customer experience. 

Tata Technologies will empower the top project team/s with the innovation tools and technologies needed to develop scalable innovations. The Subject Matter Experts (SMEs) from Tata Technologies will mentor and guide the top-performing project team/s to scale their projects. Microsoft will offer top team/s complimentary access to Azure resources and project mentoring through the Azure community, while Tata Motors will help define real-world challenges and support the commercialization of top projects. The hackathon is open to 3rd and 4th year engineering students across India and encourages inclusive participation, inviting entries from women engineers and differently abled team members, thus reinforcing its commitment to diversity and inclusion. 

The evaluation process will consist of three stages: initial reviews, virtual Proof of Concept (PoC) presentations, and final demonstrations. Projects will be assessed based on diversity, novelty, feasibility, and impact. The top three winning teams will receive cumulative cash prizes worth Rs 4.5 lakh, along with paid internship opportunities at Tata Technologies. 

Tata Technologies is a leading global engineering services company offering product development and digital solutions, including turnkey solutions, to global original equipment manufacturers (OEMs).