TCS Commits Pro Bono Technology Services to Support Research on Sudden Unexpected Infant Deaths  

Leading Research Hospital Receives 5,000 Hours of Technical, Research and Innovation Services
from Tata Consultancy Services

NEW DELHI | REDMOND | NEW YORK, November 5, 2018: Tata Consultancy Services, (TCS), (BSE: 532540, NSE: TCS) a leading IT services, consulting and business solutions organization, has donated 5,000 pro bono technical and scientific research hours to Seattle Children’s Center for Integrative Brain Research (Seattle Children’s), in a collaborative effort to discover the causes of Sudden Unexpected Infant Deaths (SUID), which includes Sudden Infant Death Syndrome (SIDS).

Seattle Children’s is one of the top five pediatric research centers in the United States. A portion of the pro bono hours committed by TCS has already been used for building a digital fundraising platform, “First Steps for SIDS”, to raise awareness and research funds for Seattle Children’s. Additional projects will be announced in the coming months.

According to the Organization for Economic Co-operation and Development, in the U.S., roughly 6 out of 1,000 children die before their first birthday. Of these, about 4,000 infants, or 1 in 6, die each year of unexpected causes. Within this larger umbrella, SIDS remains the leading cause of death among children from one month to one year of age, with 90 percent of SIDS deaths occurring within the first six months of life.

“This is an incredibly generous donation by TCS and its employees,” said John Kahan, President of the Aaron Matthew SIDS Research Guild at Seattle Children’s Hospital, whose son, Aaron, died of SIDS in 2003. “We are deeply grateful for TCS’ commitment to this work to ensure that, in the future, no parent experiences the loss of a child again or worries theirs will be next.” Kahan is also Chief Data Analytics Officer, Corporate, External, and Legal Affairs at Microsoft.

“At TCS we firmly believe in leveraging technology to provide solutions to social causes, and we are excited to work with Microsoft and Seattle Children’s to bring together our diverse skills to help solve SIDS,” said Nagaraj Ijari, VP and Global Head, HiTech Unit, TCS. “I am hopeful that the power of digital technologies, particularly analytics and cloud computing, will help researchers get closer to the answers they have been seeking for so long, and to save precious little lives.”

“This partnership will significantly accelerate and augment the cross-disciplinary research we’re doing to understand the possible causes of SIDS,” said Dr. Nino Ramirez, Director, Integrative Brain Research Center, Seattle Children’s.

About Tata Consultancy Services Ltd (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for the last fifty years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile delivery model, recognized as a benchmark of excellence in software development.

A part of the Tata group, India’s largest multinational business group, TCS has over 411,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $19.09 billion in the fiscal year ended March 31, 2018, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS’ proactive stance on climate change and award winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.

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A National Agile Campus Hiring Initiative Administered on Tata Consultancy Services’ iON Platform Witnessed over 2.8 Lakh Registrations

MUMBAI, September 25, 2018: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting, and business solutions organization, conducted a National Qualifier Test (NQT) – an all-inclusive online campus hiring initiative – on its digital platform TCS iON.

Aiming to identify the brightest, most talented engineers for multi-skilled, multi-functional roles in Agile programs (called ‘TCS Ninjas’) the NQT was open to graduates and post graduates of the 2019 batch, across engineering colleges in India. This re-imagination of the campus hiring process, using sophisticated technology platforms, has transformed traditional recruitment models and reinforces TCS’ philosophy of being an equal opportunity employer.

TCS has always been at the forefront of transforming business practices to create value for all stakeholders. Its energized workforce has played a catalytic role in the company’s success as well as its customers’ successes. Through its HR practices, TCS has set numerous benchmarks in the industry, winning global awards and recognition.

The NQT conducted on September 2 and 3, 2018, witnessed a massive response from students with over 2.8 lakh registrations across 100 cities in 24 states. This year, TCS saw a 175% increase in test applications compared to last year. Participation from premium institutions has risen by 150%, which is a testimony to TCS’ strong academic relationships.

Ajoyendra Mukherjee, EVP and Head, Global Human Resources, TCS, said, “As TCS celebrates 50 years this year, we are proud to bring about a transformation in the IT hiring space, and are looking forward to working with the next generation Ninjas. TCS, through its NQT, followed an unprecedented democratic process in IT recruitment – giving all students, regardless of their institute and location, an equal opportunity to prove their passion for technology. At the same time, we worked closely with premium institutions and were successful in selecting the best talent. Besides a career in next-generation technologies, top performers in the NQT also qualify for a differentiated, entry-level hiring process called TCS Digital, with an even more attractive compensation package.”

The TCS iON Digital Assessment platform provided the digital backbone for this transformation. With its investments in over 200 ‘Digital Zones’ spread across more than 160 cities, including each of the North Eastern states which were leveraged as exam centers. This helped provide an equal opportunity to talented youngsters even in remote locations to achieve their aspiration to become TCSers.

The 90-minute NQT included questions on English language, Quantitative Aptitude, Programming Concepts, and Coding. In order to support the students taking the test, TCS offered a mock test ahead of the exam and deep analytics on their preparedness.

Venguswamy Ramaswamy, Global Head, TCS iON said, “TCS iON’s Digital Assessment platform has helped TCS to re-imagine the recruitment process to be more agile and efficient.  The end-to-end Campus recruitment selection process used to take several weeks. Our digital platforms has helped us to shrink this to just 2 days. It has also helped us to spot young talent from every corner of the country.”

Till date, the TCS iON Digital Assessment platform has assessed more than 115 million candidates for over 2,490 unique examinations held for esteemed institutions across India.

India’s employment landscape is witnessing significant change where skill enhancement is given top priority in order to stay relevant in the highly competitive and evolving business scenario. With the NQT, TCS is leveraging its technology platforms to offer students an opportunity to propel their careers with a global IT leader, right from the onset of their professional journeys. TCS iON will make these platforms available for leading corporates to spot the right talent in technology and other domains.

To know more you can visit us at www.careers.tcs.com

About TCS iON

TCS iON is a strategic business unit of Tata Consultancy Services focused on enabling institutions, government departments and organisations from multiple industry sectors to be efficient in their recruitment/admissions process, learning and skilling and overall business operations with the use of Phygital platforms. These are platforms that overlay digital technologies over physical assets. iON delivers this with a unique IT-as-a-Service model that provides easy-to-use, secured, integrated, and hosted solutions in a build-as-you-grow and pay-as-you-use business model. Serving clients with the help of best practices gained through TCS’ global experience, deep domestic market exposure along with industry leading technology expertise.

About Tata Consultancy Services Ltd. (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for the last fifty years. TCS offers a consulting-led, Cognitive powered, integrated portfolio of IT, Business & Technology Services, and engineering. This is delivered through its unique Location Independent Agile delivery model, recognized as a benchmark of excellence in software development.

A part of the Tata group, India’s largest multinational business group, TCS has over 400,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $19.09 billion for year ended March 31, 2018 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS’ proactive stance on climate change and award winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.

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Aims at identifying unique solutions that will be co-created for the Automotive, Security and IOT industry

New Delhi, May 31, 2018: NXP Semiconductors, a world leader in secure connectivity solutions for embedded applications, recently announced that it has partnered with Tata Consultancy Services and has signed an MoU towards creating leading edge solutions that will help the customers, complementing the technology leadership of both the companies. The MoU will see both NXP and TCS to identify and create unique solutions that will be co-created for the Automotive, Security and IOT industry.

The agreement between NXP, headquartered in Eindhove, Netherlands and TCS, headquartered in Mumbai will see both organizations combine their individual efforts in Security, Internet of Things (IoT) and automotive. To achieve a mindshare between both the companies and to develop a conducive ecosystem for the customers, a series of joint workshop at TCS innovation labs in India (Pune, Bangalore, Delhi) or in NXP Labs, involving the right SMEs and business leaders will be executed.

Speaking of the agreement Mr. Sanjay Gupta, Vice President & India Country Manager, NXP India, said “This MoU is a great opportunity for two giants, NXP Semiconductors and TCS to collaborate and solve complex problems in high-technology areas. It would also enable us to synergize our technical prowess and venture into several new and disruptive business domains that will support our customers more meaningfully.”

Through the collaboration, NXP and TCS are focusing on systemically expanding the technology ecosystem, with the help of both the companies’ expertise in the sector of Security, Internet of Things (IoT) and automotive. The collaboration will also help drive advancement of the key solution areas that will yield results across industry and geographic markets.

About NXP Semiconductors

NXP Semiconductors N.V. (NASDAQ: NXPI) enables secure connections and infrastructure for a smarter world, advancing solutions that make lives easier, better and safer. As the world leader in secure connectivity solutions for embedded applications, NXP is driving innovation in the secure connected vehicle, end-to-end security & privacy and smart connected solutions markets. Built on more than 60 years of combined experience and expertise, the company has 41,000 employees in more than 33 countries and posted revenue of $9.5 billion in 2016. Find out more at www.nxp.com.

About TCS

TCS is a global IT services, consulting and business solutions provider with deep expertise in the areas of engineering that help its customers transform their business by co creating value through innovation in emerging technologies such as IoT, Cloud, Analytics and Cognitive. TCS helps its customers achieve their business objectives by providing innovative, best-in-class consulting, IT solutions and services and to make it a joy for all stakeholders. TCS operates on a global scale, with diverse talent base of over 394,998 associates representing 131 nationalities, across 46 countries. Find out more at www.tcs.com.

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• The contest offered over 250 diverse APIs on the cloud for prototype development, the largest in any software development challenge in India
• It received an overwhelming response from 3,400 participants from across the globe
• More than 44% of entries from India were from non-metro cities

Mumbai: ICICI Bank today announced the winners of ‘ICICI Appathon 2017’, the second season of its mobile app development challenge. The ‘Grand Finale’ of the ICICI Appathon 2017 saw Rupam Das from Bengaluru; Bayesian Conspiracy, also from Bengaluru and Headfitted Solutions from Pune take home the top honours for developing the next generation mobile applications. The eminent jury chose the top three winners from over 3,400 participants including a large number of entries from international developers and startups. The winning entries will get the opportunity to collaborate with the Bank.

The jury comprised Mr. Anup Bagchi, Executive Director, ICICI Bank;  Mr. B. Madhivanan, Chief Technology & Digital Officer,  ICICI Bank; Mr. Chetan Naik, Vice President – Enterprise & Mid-Market, IBM India & South Asia; Mr. Pankaj Gianani, Head of India Banking, TCS; Mr. Rajashekara .V. Maiya, Associate Vice President and Head- Product Strategy, Infosys Finacle & Mr. Sandeep Singhal, Co-founder of Nexus Venture Partners.

The first winning application focused on enabling term insurance eligibility checks based on a medical underwriting application. The other winning solutions emphasised on offering banking services based on voice commands as well as making offline payments using dynamic QR codes, respectively.

Mr. Anup Bagchi, Executive Director, ICICI Bank said, “We at ICICI Bank continue to put customers at the centre of everything we do. We continue to partner with a wider ecosystem to imagine, ideate and execute things which interest our customers and add value to them. In line with this vision, we conducted ICICI Appathon last year which was the country’s first virtual app development challenge. The programme enabled us to tap into the minds of talented technopreneurs as well as developers globally and helped us cater our customers better. The winning entry from last year was incorporated into the Bank’s mobile banking application and launched as ‘iMobile SmartKeys’, Asia’s first payments app using digital keyboards. We are extremely happy to note that this year too, ICICI Appathon has seen significant participation from across the globe. We have got some interesting ideas which we believe will enable development of breakthrough solutions, making mobile banking simpler than ever before. We will continue to promote innovation in every aspect of our business and ICICI Appathon will continue to evolve as a perfect platform for the young and creative minds to come together and showcase their innovations.”

Said jury member, Mr. Chetan Naik, Vice President – Sales, IBM India/South Asia, “We are excited to see the kind of innovation that has come up from the ICICI Appathon. IBM Cloud offers developers a gamut of services which helps them quickly- build, test, deploy, run and manage applications on the cloud. Our partnership with ICICI is to help them deliver unique experiences to its clients in the fast evolving digital era. Together, through the Appathon we are providing a platform to developers, students, and technology enthusiasts to deliver next-gen banking applications like cashless payments, voice-based banking, IoT-based models etc to make the services of ICICI truly digital keeping in mind the changing requirements of customers.”

Mr. Rajashekara .V. Maiya, Associate Vice President and Head- Product Strategy, Infosys Finacle, “ICICI Bank, our long standing client, has been a pioneer in embracing the truly digital banking paradigm. One of the cornerstones of this new way of banking is to create a thriving innovation ecosystem around the bank’s APIs. Infosys Finacle is committed to work with banks, start-ups and independent developers to help next generation banking experiences evolve through such collaborative platforms. Together, we look to create new products and an experience to keep pace with customer’s accelerating digital lives and help emerging start-ups gain scale with our global presence.”

Mr. Pankaj Gianani, Country Head – Banking, India Sales, Tata Consultancy Services, “The banking sector is witnessing a rapid change in the business, technology and regulatory environment, more now than ever before. Ideas, either addressing or taking advantage of this dramatic change, are being born anytime and anywhere. The ICICI Bank Appathon has been a great platform to tap this universe of ideas and convert them into innovative solutions. TCS is proud to partner with ICICI Bank for this Appathon. We congratulate the ICICI Bank team for the great success again this year! “

Mr. Sandeep Singhal, Co-founder of Nexus Venture Partners, “It is great to see ICICI Bank promoting entrepreneurial initiatives in the financial technologies space to align with the overall thrust by the government on digital financial infrastructure across banking, payments and financial inclusion. Innovation at the grassroots level promotes new use cases through improved access and lower cost. As the leading private bank, ICICI Bank can help bring these ideas to market and drive widespread adoption.”

All participants were judged on five criteria: uniqueness of the proposition, functionality, business potential, user experience and scalability. The top three winners will get the following rewards:

• Total prize money of over Rs 22.5 lakh from ICICI Bank, Infosys Finacle and TCS.
• A potential engagement opportunity with ICICI Bank.
• USD 20,000 worth of ‘Google Cloud Credits’ for further development of their products.
• They will be able to fast track their entries to the ‘10,000 Startups’ programme of      NASSCOM, if they apply for it.
• Two members of the winning team will receive access to the network and co-working community of 91springboard, which is a community of freelancers, startups and small to large businesses, for the next three months.
• They will also get an opportunity to present their ideas to the executive team of Envestnet|Yodlee at their flagship event – GarageFest 2017.

The top three winners have received gift vouchers worth Rs. 25,000 each from Envestnet|Yodlee, cloud based digital financial platform. Further, the top 10 finalists will receive USD 1,000 worth of AWS Activate promotional credits for 12 months. One of the 10 finalists will also have the opportunity to co-develop a proof of concept with Infosys Finacle and will be able to showcase it at the Infosys Confluence at San Francisco.

As ‘ICICI Appathon’ was available virtually on the cloud to a developer anywhere. Over 3,400 participants took part in it from across the globe. In India, over ­­1500 of the entries came from non-metro cities like Vellore, Noida, Gurugram, Jaipur, Coimbatore, Bhubaneswar and Jalandhar among others. Further, it has witnessed significant participation from women developers with close to 400 of entries from them.

Hosted on the IBM Cloud based platform, ICICI Appathon offered a diverse set of over 250 APIs (Application Programme Interface), the largest set of Banking and Financial sector APIs in any Indian software development event. The APIs were from ICICI Bank and its group companies namely ICICI Prudential Life Insurance, ICICI Lombard General Insurance and ICICI Securities. As a first, payment APIs from ‘Visa’, the ‘Unified Payment Interface’ API from NPCI and ‘data analytics’ from Envestnet|Yodlee were also available for the app development challenge. Participants had to create innovative working prototypes of mobile applications using these APIs.

For updates, visit www.icicibank.com and follow us on Twitter at www.twitter.com/ICICIBank

About ICICI Bank Ltd: ICICI Bank Ltd (NYSE:IBN) is India’s largest private sector bank by consolidated assets. The Bank’s consolidated total assets stood at US$ 152.0 billion at March 31, 2017. ICICI Bank’s subsidiaries include India’s leading private sector insurance, asset management, securities brokerage and primary dealership companies, and among the country’s largest private equity firms. It is present across 17 countries, including India.

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ICAI will leverage TCS iON Digital HUB to provide easy access to the institute’s academic content and also assist students in enhancing their vocational skills

Kolkata,March 30, 2017:Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization today announced a Memorandum of Understanding (MoU) with The Institute of Cost Accountants of India (ICAI). As part of the MoU, ICAI will deploy and leverage TCS’ Digital Content Market Place Platform – Digital HUB to drive the institute’s digital transformation efforts. ICAI’s digitization efforts through TCS iON Digital HUB will aim to provide improved services to students &members allowing them easy access to the vast knowledge base of the institute.

The MoU between TCS and ICAI will involve multiple areas of collaboration. TCS iONwill bring Vocational & Skill Courses to ICAI students & its members through iON Digital HUB.  To begin with, both organizations will launch courses on “ERP Basics” specifically designed for ICAI students to enhance their skills in this area. Additional Skill Certification courses will be introduced to ICAI students over the coming months.In addition, iON Digital Hub will enable ICAI to publish Institutes Certification Programs. This initiative will help provide easy access to Certification Courses of the Institute to a larger section within corporates and the academic community. TCS iON and ICAI will also partner to offer GST training to traders, manufacturing organizations, students and State Government officials in a digital mode. This exercise will combine the domain experience of ICAI with the technology capabilities of TCS iON backed by its extensive national reach through iON Digital Zones.

The MoU with TCS will benefit ICAI students by enabling them to access the institute’s course content along with industry relevant skill content from anywhere, anytime.  Members of the institute can also get an improved experience on their continuous professional development.

The iONDigital HUB is a Content Market Place bringing professional institutions with rich content and learners together. The Hub offers multi modal learning content including Courses, Assessments, Communities and Events.  It enables educators and trainers to deliver instructor led courses using social learning tools and at the same time provides a unique opportunity to learn at their own pace. The iON Digital HUB caters to learners across wide segments from K 12 to working professionals.

Commenting on the partnership, Mr. V. Ramaswamy, Global Head, TCS iON said, “This MoU will make the institute’s rich content easily accessible to a larger section of the academic community and corporates. We are also confident that the institute’s digitization efforts will help it retain its position as one of the premier professionalbody in India.”

Mr. Manas Thakur, President, Institute of Cost Accountants of India said, “Over the years, ICAI has made a significant contribution to the industry by offering quality education that has produced the best cost and management accountancy professionals. We believe that the rich course content developed provided by ICAI should be available easily to students as well as the industry. Our collaboration with TCS and the deployment of the TCS iON Digital HUB will make ICAI accessible to a larger section of students and industry. The larger digital transformation initiative undertaken by ICAI with the support of TCS iON Digital HUB will definitely see the institute reach greater heights in the future.”

About Tata Consultancy Services Ltd. (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 378,000 of the world’s best-trained consultants in 45 countries. The company generated consolidated revenues of US $16.5 billion for year ended March 31, 2016 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. For more information, visit us at www.tcs.com

About The Institute of Cost Accountants of India (ICAI)

The Institute of Cost Accountants of India (ICAI) is a statutory body set up under an Act of Parliament in the year 1959. It is the premier professional body imparting education, training and propagating Cost and Management Accountancy in India and abroad. The Institute as a part of its obligation, regulates the profession of Cost and Management Accountancy, enrolls students for its courses, provides coaching facilities to the students, organizes professional development programmes for the members and undertakes research programmes in the field of Cost and Management Accountancy.

The Institute is the 2nd largest Cost & Management Accounting body in the World and the largest in Asia, having approximately 5,00,000 students and 70,000 members all over the globe. The Members in service are placed with Government, Public and Private Sectors like BHEL, Coal India Ltd., SEBI, TCS, Saint Gobain, Flipkart, Ford, Tata Motors, Power Grid Corporation Ltd., Nestle, RIL, ITC, PWC, KPMG, HCL, Wipro, NHPC, ICICI Bank, Allahabad bank, Goldman Sachs, etc., and are occupying high positions like CMDs, CEOs, CFOs. Many members are engaged in practice as well. Besides practicing as a Cost Auditor, practicing CMAs are expert in many other areas including direct taxation, Customs, Excise, VAT, Service Tax, Business Valuation, Project Management, Internal Audit, consultancy in Banking & Insurance sector etc.

The Institute is headquartered in Kolkata with another office at New Delhi, operates through 4 Regional Councils at Kolkata, Chennai, Delhi and Mumbai, 94 Chapters spread all over India and 9 overseas Centres, 2 Centre of Excellence in India and 4 under progress, 84 CMA support Centres, 351 Recognized Oral Coaching Centres (ROCC) as well as through a number of important chapters situated elsewhere in India and abroad. It is under the administrative control of the Ministry of Corporate Affairs, Government of India. The ICAI-CMA, a national accounting body, is also a founder member of International Federation of Accountants (IFAC), Confederation of Asian and Pacific Accountants (CAPA) and South Asian Federation of Accountants (SAFA).

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The Bhawanipur Education Society college (BESC) is conducting a major placement drive. 10 mid-sized companies congregated in the college on March 4^th , 2017 to conduct Campus Interviews in the latest round, in which 30 students out of the 90 who had applied for placement were selected. The average salary at which the students were placed ranged between INR 120,000 to INR 240,000 per annum. This followed an earlier drive in which companies like Ernst & Young, TCS, HSBC, Future First and Indigo had gone through the process, resulting in the selection and placement of 116 students, taking the total number of Campus Placements to 146.

In a related development, BESC also conducted an Internship placement initiative in which 10 companies participated. 70 students of the college offered themselves for placement, of which 30 were selected. The internship fees varied between INR 4,000 and INR 10,000.

“We are extremely pleased to have initiated the process” said Prof Dilip Shah, the Dean of Student Affairs of BESC. “The response, from the companies and the student community is overwhelming, to put things mildly and I am confident of chalking impressive gains in the second round of fresh placements which is slated to begin in about two months’ time.”

“The industry comeback on the Campus Placement drive has been extremely positive and the feedback we have received from those who want to participate in the process in coming drives is very encouraging” said Miraj Shah,  Vice Chairman of the College, who is all for the placement initiatives of the Institution. “Coming at a time when the economy is not in the pinkest of its health and when new recruitments have gone down to a virtual trickle, the numbers that have been chalked up are comforting” he continued.

“Our experience with BESC – the institution and its students as fellow workers have always been a very positive one” said one of the recruiters between conducting interviews. “BESC students are highly sought after as they are virtually industry ready, having been exposed to the various facets of business in which they are normally expected to apply their skills. The way the College authorities are leaving no stones unturned to ensure that the process of placements become as glitch-less as possible, is also commendable”.

It will not be out of place to mention here that BESC students who had applied and appeared for these interviews were provided with special counselling and support by selected members of the college faculty as well as some experts from the corporate sector with a view towards preparing them to face an interview board and excel. In this regard it is pertinent to mention the efforts put in by Prof Vijay Kothari and Prof Minakshi Chaturvedi, not to forget the hard work put in by the Student Placement Team.

About the Bhawanipur Education Society College (BESC)

BESC provides a solid campus experience in the heart of Calcutta, with temperature controlled and wi-fi enabled classrooms, free surfing stations interspersed throughout campus, a spacious cafeteria and common rooms with indoor games facilities. BESC boasts of a well-stocked library, with nearly 15,000 holdings and several internet-enabled computers, designed to meet all the students’ research needs and more.

BESC constantly strives to grow and impart learning-focused education through the introduction of new, cutting-edge courses recognised by the University of Calcutta. The Institution is especially committed to girl students, and believes in inculcating community engagement, imparting soft skills, fostering creative thinking, and empowering all pupils with leadership skills that will stand them in good stead not only in the competitive and constantly changing environment of the global job-market and workplace, but also help them become leaders within their respective communities.

At BESC, the stress is on creating leaders committed to excellence, and responsible citizens aware of their rights and responsibilities. BESC students not only go on to pursue higher education and find placements in excellent global companies, but have also consistently proved to be brilliant entrepreneurs.

For More Information Contact: thebges.edu.in/

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April 29, 2015, Mumbai: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading IT services, consulting and business solutions organization, today announced the launch of the Moving Beyond Disclosure: Leveraging Sustainability Reporting to Drive Change, a study undertaken in collaboration with GRI, the developer of the world’s most widely used Sustainability Reporting Guidelines.

The report carried out jointly by GRI Focal Point India and TCS provides insights into the development of sustainability reporting in India.  It has also looked at understanding of how Indian businesses are linking sustainability to strategy, operations, overall performance, stakeholder engagement and establishing credibility in the market. The report presents observations based on a series of one-on-one meetings along with the survey of the companies.

The study has helped to identify a number of trends in the Indian reporting landscape. Though Indian companies are adopting the practice of sustainability reporting, there is a strong emphasis on community development programs, while environmental and governance initiatives take a back seat. The study also indicates an increasing level of maturity across reports, with leading companies being spurred on by peers to cultivate a culture of transparency, while deepening ties with stakeholder groups.

“At GRI, we see sustainability reporting as a strategic tool: a process that presents significant opportunities for Indian businesses to grow in a manner that also benefits their stakeholders,” said Aditi Haldar, Director of GRI’s India Focal Point. “As many companies are in the process of making the transition from previous versions of the Guidelines to G4, GRI and Tata Consultancy Services saw this as an ideal moment to assess how companies are moving beyond merely disclosing data and beginning to assimilate the reporting process into all aspects of operations.”

“Sustainability Reporting has been evolving as a way to communicate the value – economic, ecological and social that the company is delivering to shareholders and society. TCS has partnered with GRI to highlight the new framework and bring about the transformation,” said Girish Ramachandran, President, Asia Pacific, Tata Consultancy Services.

To download Moving Beyond Disclosure: Leveraging Sustainability Reporting to Drive Change please visit GRI’s Resource Library here. For additional information please contact Davion Ford, GRI Media Relations Manager (ford@globalreporting.org).

About GRI

GRI is an international, not-for-profit organization working in the public interest towards a vision of a sustainable global economy where organizations manage their economic, environmental, social, and governance performance and impacts responsibly. Thousands of corporate and public sector reporters in over 90 countries use the GRI Guidelines. More than 24,000 reports have been registered in GRI’s Sustainability Disclosure Database and 27 countries and regions reference GRI in their policies. GRI’s activities are two-fold: firstly the provision of sustainability reporting guidelines and secondly, the development of engagement activities, products and partnerships to enhance the value of sustainability reporting for organizations.

About Tata Consultancy Services Ltd. (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 319,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $15.5 billion for year ended March 31, 2015 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.

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Mumbai: ICICI Bank Limited, India’s largest private sector bank, announced the launch of ‘ProCircle’, a special privilege program for the US-based users of its online money transfer tracking service Money2India (www.money2India.com).

This program is designed to cater to the specialized needs of professionals transacting on the Money2India (M2I) platform. It offers its members smooth and quick money transfers with exclusive benefits. ProCircle members are also entitled to preferential rates and a complete waiver on the service charges for every M2I transaction.

As an introductory offer, ‘ProCircle’ members can avail of a special discount on purchase of a yearly subscription of Yupp TV. With Yupp TV, members can access South Asian TV content in 12 different languages, through multiple internet enabled devices.

Mr. Vijay Chandok, President, ICICI Bank Limited, said “At ICICI Bank, we strongly believe in keeping users’ needs as the focus of our initiatives. With ‘ProCircle’, we are extending a gamut of benefits like competitive exchange rates, exclusive offers and quicker money transfers at locked-in rates. We are offering all these features at a zero service charge. We

are confident that this program would help us in delivering value to our users.”

M2I users can enroll into this program provided they are employees of the following companies, as applicable: Infosys Technologies, TCS, Cognizant Technology Solutions India Pvt Ltd, IBM India Pvt Ltd, HCL Technologies, I Gate Computer Systems Ltd, Wipro Ltd, Syntel Ltd, L&T InfoTech Ltd, Deloitte Consulting, Microsoft, Accenture, Intel, Google, E&Y, Qualcomm Technologies Inc, Price Water House Coopers, Hewlett Packard, Tech Mahindra and Capgemini. To join ProCircle, they have to simply visit http://www.icicibank.com/nri- banking/money_transfer/money2india.pag  and follow the given steps.

M2I (www.money2India.com) is a popular online money transfer tracking service offered to Non-Resident Indians (“NRIs”). With an ever-expanding base since its launch, it is the preferred mode of online money transfers to India, facilitating seamless money transfers with round the clock customer service availability. M2I uses cutting edge technology to offer different money transfer solutions and a tracking facility across popular platforms giving the user flexibility and assurance. To use this service, a user needs to complete a simple one- time online registration by accessing www.money2India.com and can thereafter, start sending money from any bank in 9 countries to any beneficiary account with over 100 banks in India.

About ICICI Bank Ltd: ICICI Bank Limited (NYSE:IBN) is India’s largest private sector bank and the second largest bank in the country, with consolidated total assets of US $ 124 billion at March 31, 2013. ICICI Bank’s subsidiaries include India’s leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank’s presence currently spans 19 countries, including India.

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Close to 90 per cent of the organisations plan to engage their retiring workforce, revealed a TimesJobs.com study. Nearly 45 per cent of these organisations plan to offer them mentorship roles, 30 per cent are planning to employee them as consultants and 15 per cent are offering part-time/contractual jobs to this segment.

Retired but not tired

Randy Pausch in his book “The Last Lecture” said “Experience is the most important thing that anyone has to offer”, quotes Samit Jain, director, Pluss Polymers. He adds, “The retiring work force brings to the table a lot of wisdom which simply comes from experience. They can be great trainers and can mentor the younger generation to leap frog into higher roles, much earlier and with ease.”

“According to TimesJobs.com RecruiteX report, 35 per cent of the workforce is due to retire in the next 5–10 years in the Petrochemicals industry. There are others sectors also who will be witnessing this scenario. With talent shortage being one of the biggest concerns looming over India Inc, it is indeed a bright idea to engage the retiring workforce, since they are skilled and experienced.” explains Vivek Madhukar, COO, TimesJobs.com

Not a threat to fresh talent

With the government sector increasing the retirement age and India Inc, too, focusing on engaging  its ageing and retiring workforce, would there be lesser jobs for young talent? Experts say no. Engaging the retiring workforce doesn’t imply that there will be no fresh hiring. Companies look at people from both ends of the spectrum as they bring different capabilities to the table, believe experts.

According to Jain, “To not hire freshers, because there is re-engagement possible from the retiring generation, would mean that a company is giving up its responsibility to train the new generation and create more managers and leaders. An organisation will be tempted to reduce hiring; but that is not the recommended path to follow.  The younger generation brings with them fresh and new ideas and is better able to connect with the vast young population.”

A smart move

Every industry is struggling to plug the skills gap, retirees who possess the requisite skill sets alongwith the desired experience levels are a preferred resource. Jain adds, “Experienced individuals will be used by smart organisations to create a training wave.  They will set up skill development centres within their organisations to create their own talent pipeline. The country today has a burgeoning population of unemployable youth. Smart organisations will convert them into an asset by training them in-house.”

About TimesJobs

TimesJobs is India’s leading job portal that addresses diverse career needs of Top Professionals through rich content, webinars, personalized career services, etc. hosted on its various Properties such as JobBuzz, TECHGIG, and StepAhead.

TimesJobs.com is positioning itself as a Knowledge Resource and go-to-site for insights, information, analysis and opinions on the recruitment market. As part of our endeavor we have launched RecruiteX and TJ insite – two Knowledge sub-brands – RecruiteX is the Index (and analysis) for demand and supply of manpower and TJinsite is the Research based knowledge.

TimesJobs.com serves a corporate customer base of more than 25,000 clients from across the globe. It has been serving clients like HCL, IBM, Yamaha, Godrej, HSBC, Mahindra, Bajaj Allianz, TCS, Thomson Reuters to name a few.

To know more about TimesJobs visit www.timesjobs.com

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As firecrackers light up the skies heralding the beginning of Samvat 2070 our happiness quotient rises. All evening we have lit lamps and prayed for better days ahead.

Stock markets in India celebrated Muhurat trading with fervour as it always does. Only this year the confidence level seems to have run off steam to the extent that early gains in the market began to slip. Markets ultimately did close on a positive note but it actually lost ground on profit bookings.

At the two key stock markets, the National Stock Exchange and Bombay Stock  Exchange, trading began with the indices opening with an upward gap. In fact during the past few daylong trading sessions stock prices of key shares moved up on buying from institutions and FII interests. During the Muhurat trading as well much of the interests were in a handful shares and not all over.

History has it that Indian stock bourses do not sustain the gains recorded during the Muhurat trading. Diwali trades may get cracking initially but lack of a sustained support leads to falls pushing markets to close lower. In simple terms, trades during the Muhurat trading culminate into settlement where market men prefer taking home money or take delivery of shares.

Samvat 2070 was no different either. There was a build up to the day with stock prices scaling upwards, pushing the indices to record new highs. Much of this is attributed to the interest shown by FIIs in many of the key stocks. The Sensex touched a new intra-day high of 21,322 the rally well supported by heavy weights such as Reliance Industries, Tata Motors, ITC, Sun Pharma, TCS and ONGC. Bank stocks were in demand, gaining from an improvement in sentiment of a better performance.

The good start could not be sustained for long during the Muhurat trading. Though the special trading session is supposed to be where token trades are made to usher in the new year and a new set of accounts, it also does reflect the mood of the markets particularly in assessing confidence levels of traders and investors.

Not all is good for the markets to sustain a euphoria witnessed in the past few trading sessions. FIIs have bought in certain counters only. There is a note of uncertainty as results of corporate houses have not been encouraging at all. In fact most of the corporate houses have slipped in the red with high costs of inputs, very poor demand for goods manufactured from both the domestic and overseas markets. Manufacturing industries have taken a beating with very poor off takes, while performances of key industries such as mining and power have been critically hit with rising costs.

A number of factors will decide where the stock markets will go from here. In all likelihood we may not see the bull being pulled down by its horns, but it is not going to be a raging bull in a china shop either. The happiness factor will fade into uncertain days once the FIIs interest tapers off, for not many domestic institutions have yet shown interest in placing the buy bids yet. The Indian economy is not well, in fact it is bad, and may be going worse.

Also note that India goes to polls in 2014, life will not be as easy for the common man as one may have thought.

India is faced with a poor economic stability with no signs of recovery. Cosmetic surgeries to the economy, so typically used to heal on the surface but leave the sore inside raw and growing may have political backing but lacks the sensibility of channelizing funds for growth of the real economy. It is a fact that we require low cost funds necessary for capital development but it has to be generated internally by creating opportunities that allows manufacturing bases to grow. This can only help investors and traders to develop confidence that a market would perform to expectations. This certainly is not possible when political uncertainty lies immediately ahead.

On the monetary front there are uncomfortable gaps at every step that cannot be contained by patchy facelifts usually seen on eve of elections. There is not much left in circulation as prolonged monsoon and natural disasters across the country has washed away a fair amount of crop shooting food inflation to new highs. The recent escalation in the price of onion is an electoral disaster for any incumbent government for the vegetable is a consumer staple and it’s price rise indicates potential economic distress for the common man.

The recent political exercise, the passing of the massive food security bill, is likely to create many holes in the government coffers. A great amount of money, as much as 60 per cent plus of a rupee, will be required to subsidize food. Added to this will be a distribution cost that will virtually leave nothing for the receiver.

At the end of the day, the big question is “where would money come from?” The ongoing festive seasons that extend well beyond the fireworks of Diwali and the state elections will see money being withdrawn from the banking system constraining money market liquidity further and limiting flow of credit to productive industries.

The RBI credit policy of October 29 has tightened the money flow in circulation by increasing the repo rates by 25 basis points. The step, though harsh on us all is expected to bring down inflation, a very necessary step considering there is elections next year.

As I mentioned earlier, man’s happiness is transitory. So despite the good start share markets are expected to trade in a range bound market. It will wait for a fresh bout of buying by FIIs, an absence of which will lead to its fall also.

(Basav Bhattacharya –  With a career spanning over 30 years in broadcasting, journalism and advertising, Basav’s career began with Business Standard where he was involved in research in the corporate world, reporting and feature writing. In 1993, he moved to The Economic Times as Senior Feature Writer, responsible for news from stocks and commodity markets and of the corporate world while also feeding stories to the ET core story basket. 

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