Tata Consultancy Services has expanded its partnership with Rolls-Royce, a British multinational specializing in civil aerospace, defence aerospace, services and power systems, to advance its sustainable initiatives. This collaboration involves research into hydrogen fuel system technology, continuing to prove hydrogen could be a zero-carbon aviation fuel of the future.TCS, leveraging its expertise as a trusted service provider, will provide engineering skills and support to RollsRoyce as it addresses three key challenges in the journey to enabling hydrogen for use in aviation: fuel combustion, fuel delivery, and fuel systems integration with an engine. All elements must be confirmed to operate safely. This partnership underscores TCS`s commitment to driving sustainable transformation across industries, aligning with its broader mission to harness technology for positive societal impact. The International Air Transport Association (IATA) has set ambitious targets for net zero carbon emissions by 2050, necessitating innovative sustainability solutions.Powered by Capital Market - Live News

Net profit of Tata Consultancy Services rose 8.72% to Rs 12040.00 crore in the quarter ended June 2024 as against Rs 11074.00 crore during the previous quarter ended June 2023. Sales rose 5.44% to Rs 62613.00 crore in the quarter ended June 2024 as against Rs 59381.00 crore during the previous quarter ended June 2023. ParticularsQuarter Ended�Jun. 2024Jun. 2023% Var. Sales62613.0059381.00 5 OPM %26.6125.26 - PBDT17451.0016232.00 8 PBT16231.0014989.00 8 NP12040.0011074.00 9 Powered by Capital Market - Live News

Tata Consultancy Services announced that the Board of Directors of the Company at its meeting held on 11 July 2024, inter alia, have recommended the interim dividend of Rs 10 per equity Share (i.e. 1000%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Tata Consultancy Services (TCS) announced its title partnership of the Sydney Marathon, Australia`s largest marathon. The five-year partnership will see TCS leverage its expertise to enhance the marathon`s use of advanced technologies, sustainability, accessibility, and charitable impact while continuing to support running and wellbeing across Indigenous Australia. The TCS Sydney Marathon, presented by ASICS, is the latest addition to a deep portfolio of global running events sponsored by TCS, including four World Marathon Major races in New York, London, Chicago and Boston, alongside marathons in Amsterdam, Mumbai, Singapore and Toronto. In total, TCS now sponsors 14 global running events with participation from over 600,000 runners. TCS will support the candidature of the TCS Sydney Marathon to the prestigious Abbott World Marathon Majors�a series that includes six of the world`s most iconic marathons - the Tokyo Marathon, Boston Marathon presented by Bank of America, TCS London Marathon, BMW BERLIN-MARATHON, Bank of America Chicago Marathon and TCS New York City Marathon. As a candidate race, the TCS Sydney Marathon must meet a series of key criteria for two years consecutively to join this esteemed group as a new member in 2025. Attaining this world-class status will increase the marathon`s economic impact on Sydney and New South WalesPowered by Capital Market - Live News

Tata Consultancy Services has expanded its strategic partnership with Xerox with a landmark, end-to-end transformation program designed to fast track the evolution of the company to a simplified, services-led, software-enabled organization. Under the agreement, TCS will consolidate Xerox`s technology services to improve business outcomes, migrate complex legacy data centers to the Azure public cloud, deploy a cloud-based Digital ERP platform to transform business processes and incorporate generative artificial intelligence (GenAI) into operations to help drive sustainable growth. TCS will develop a new agile, cloud-first operating model for Xerox. Leveraging the deep capabilities of its service practices such as AI.Cloud, Enterprise Solutions (including TCS Crystallus™) and Cognitive Business Operations (including TCS Cognix™), TCS will also build an AI-first enterprise platform for Xerox. These TCS capabilities will be combined with the expertise of industry partners such as leading hyperscalers and AI solution providers. Powered by Capital Market - Live News