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The strategic location of these centers will enable close collaboration with leading European OEMs and global automotive enterprises, providing nearshore capabilities. The new centers currently house over 100 talented professionals who will work together with more than 2000 SDV Engineers across TCS global locations.
This diverse and global talent pool will enable the development of next generation automotive platforms for digital cockpits and infotainment, advanced driver assistance systems, and other critical SDV functions — supporting the full product lifecycle from concept and development to production and post-launch support.
Regu Ayyaswamy, senior vice president & global head, Internet of Things (IoT) and Digital Engineering at TCS, said, “These new centers will position TCS at the forefront of automotive innovation, enabling us to deliver state-of-the-art solutions in autonomous driving and advanced cockpit systems. This expansion reaffirms our commitment to leading the transformation in the Software-Defined Vehicles space.”
Anupam Singhal, president and business group head, manufacturing, TCS, said, “The shift to software defined vehicles marks a defining moment for the automotive industry. With the launch of these new centers, we are deepening our commitment to support OEMs in building the next generation of intelligent, connected, and sustainable vehicles. This expansion is a key milestone in our journey toward Future-Ready Mobility— where software, engineering, and design, backed by AI, converge to deliver safer, more personalized, and continuously enriching experiences for drivers and passengers.”
Tata Consultancy Services (TCS) is a digital transformation and technology partner of choice for industry-leading organizations worldwide.
On a consolidated basis, TCS reported a 1.26% decline in net profit to Rs 12,224 crore while revenue from operations rose 0.79% to Rs 64,479 crore in Q4 March 2025 over Q3 December 2024.
The counter declined 1.32% to Rs 3,388.95 on the BSE.
With the implementation of TCS BaNCS for Reconciliations, the CEB will be able to automate the entire reconciliation lifecycle—from transaction matching and exception handling to investigation and reporting. The product will provide real-time visibility and greater transparency while reducing manual effort and turnaround times. Its integration with the bank’s core systems will allow better control and faster daily reconciliations. The bank will also be equipped with tools to automate critical tasks such as file loading, extraction of PDF statements, and reconciliation of unmatched entries.
Headquartered in Paris, the Council of Europe Development Bank is a social development institution that supports social inclusion projects across 43 member states. Its financing activities span sectors such as education, healthcare, and affordable housing, with a focus on serving vulnerable communities. With billions of euros in loans under management, the CEB requires robust, scalable technology to handle increasing volumes of financial transactions.
TCS BaNCS for Reconciliations is an intelligent, centralized, and scalable product that helps banks manage reconciliations end-to-end. By leveraging artificial intelligence and machine learning, it enhances accuracy and automates key processes such as transaction matching, exception handling, and case management. The product is highly scalable and reliable, making it suitable for banks handling large volumes of transactions. It features a cognitive reconciliation engine, enhanced pre-processing capabilities, online archiving, API integration, and mobile support, and is available for both on-premises and cloud deployment.
The product combines a modern user interface, smart dashboards, and real-time data processing to help banks manage unreconciled transactions more efficiently. Its flexible, intelligent design enables seamless automation across systems without the need for manual checks or intervention, helping reduce errors, speed up operations, and lower processing costs. Built to meet global standards like SWIFT ISO 20022, the platform ensures compliance while minimizing delays and exceptions.
Stefano Michelangeli, head of finance and risk systems at the CEB, said, “The CEB has a clear mandate to enhance social development among its member countries by leveraging technology. A reliable, robust and secure reconciliations solution has been key to this vision. Automation in reconciliation with high STP (straight-through processes) is central to ensuring error-free operations for institutions such as ours. With TCS BaNCS for Reconciliations, we will be able to eliminate manual reconciliations processing and reporting for transparent, auditable outcomes, especially for high-value transactions. By improving the overall efficiency of operations, we can deliver on our larger vision of enhancing economic growth in the countries we service in line with our Strategic Framework 2023-2027.”
Venkateshwaran Srinivasan, global head, financial solutions, TCS, said, “We are happy to partner with an organization like the CEB and support its strategic goal of improving social and economic development in its member states. With the deployment of TCS BaNCS, the CEB will be able to gain significant efficiency in operations, which gives the bank the ability to operate on a higher scale. We continue to invest in products to help our clients enhance efficiency, improve customer experience and be future-ready.”
The counter rose 0.20% to Rs 3,502.30 on the BSE.
As part of this partnership, TCS will help the Salling Group’s cloud adoption journey and subsequently stabilize the operations with the aim of driving more agility, scalability, and sustainability. Additionally, TCS will support the retail group’s digital transformation, focusing on enhancing the e-commerce platform to be more responsive to the evolving consumer demands.
TCS plans to deploy its AI-powered cloud operations solution, Cloud Exponence, to support the initiative. The platform uses a Machine First™ approach and optimizes machine-human collaboration to deliver smart managed services in hybrid cloud environments. Through the power of AI and intelligent automation of operational tasks, along with built-in security and compliance, the solution reduces cloud management overheads, offers a consistent service delivery experience and provides full-stack infrastructure services.
The company said it had a strong presence in Denmark for the past 30 years. Currently, over 20,000 TCS employees support leading enterprises in the Nordics, driving growth and transformation for some of the region’s top multinationals in sectors such as banking, financial services, insurance, telecom, and hi-tech. Additionally, TCS in Denmark has ranked #1 in customer satisfaction by an independent survey and has also been recognized as a Top Employer by the Top Employers Institute.
Alan Jensen, CIO, Salling Group, said, “At Salling Group, everything we do is ultimately to help make our customers’ lives better. This project is no exception. Our partnership with TCS will help us better respond to their changing needs and do so responsibly and sustainably. This partnership helps us drive our ‘Aspire 28’ strategy that includes goals of more stores, acquisitions and mergers in existing and new markets.”
Vikram Sharma, Country Head, TCS Denmark, said, “Salling Group is an esteemed and successful retail group with a century long legacy, playing a vital role in the Danish community and across Europe. We are thrilled to be selected as their strategic IT partner, in their journey to perpetually adapt to the evolving needs of the customers. We will bring our global retail experience and technical prowess to help Salling Group build resilience and unlock new technologies to help drive their strategic goals.”
Abhijit Niyogi, VP and Business Unit Head, Retail—UK, EMEA and India, TCS, said, “We’re proud to partner with Salling Group and support the journey towardstheir Aspire’28 vision and many more years of sustainable growth. We are committed to their long-term success and bringing our deep retail expertise and track record of helping global enterprises innovate, transform, and grow. Together, we’re building an agile and sustainable operations that also offers smarter, scalable omnichannel experiences to meet the evolving expectations of consumers.”
With the implementation of TCS BaNCS for Reconciliations, the CEB will be able to automate the entire reconciliation lifecycle—from transaction matching and exception handling to investigation and reporting. The product will provide real-time visibility and greater transparency, while reducing manual effort and turnaround times. Its integration with the bank’s core systems will allow for better control and faster daily reconciliations. The Bank will also be equipped with the tools needed to automate critical tasks such as file loading, extraction of PDF statements, and reconciliations for unmatched entries.