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Thursday 20 January 2022

Company Updates 20.1.2022

ABB India turns its Nelamangala Campus ‘water positive’

• Total annual rainwater harvesting potential of more than 200 million liters
• The campus has achieved close to 85% water recyclability
• Water positivity index is 1.24

ABB India today announced that its Nelamangala unit has received a ‘Water Positive’ certification from The Energy and Resources Institute (TERI). In place of simply replacing the amount of water taken from the environment, the unit implemented an Innovative 6R approach towards ‘Water Positivity’ to replenish more water than it consumes at the location.

The unique 6R approach includes initiatives such as rainwater use and recharge, reduction in the use of freshwater, water recycling, and real-time monitoring of water consumption, recharge, and saving. The Nelamangala unit currently has 17 rainwater recharge wells, 2 recharge ponds along with 5 cross wave technology-based recharge tanks. ABB products such as water flow meters were installed in the rainwater recharge system to capture real-time data.

To reduce consumption of water, ABB India installed water-efficient fixtures, restricted the use of turf in the landscape area, and planted drought-tolerant plants in 81 percent of the landscape area. The unit has provisions of rainwater tanks for rooftop runoff along with TERI-approved filtration to get suitable water for a variety of end-uses. The campus has achieved close to 85 percent of water recyclability with the help of efficient Sewage Treatment Plant (STP) and recycling the treated wastewater for use in gardening and washrooms.

The water positivity index for Nelamangala plant is 1.24, which demonstrates our contribution towards replenishing much greater quantity of water for the environment than withdrawals for our operation. The index also shows our enhanced dependency on secondary water sources such as treated wastewater, rainwater, etc. and lesser dependency on groundwater sources for our operation. 

“At ABB, ‘sustainability in practice’ is at the core of everything we do. It is a key part of our company’s purpose and of the value that we create for our customers, employees, and all our stakeholders. Our Nelamangala unit turning ‘Water Positive’ is a step towards continued resource conservation, in line with our 2030 global sustainability commitments. We are committed to implementing various other similar environment-friendly measures across our ABB India locations to bring about a sustainable change,” said Sanjeev Sharma, Country Head and Managing Director, ABB India.

“In times of a severe water crisis in India, I am pleased to acknowledge that TERI has awarded India’s first water positivity certificate to ABB India, for one of their six factories in the country. I look forward to witnessing more partnerships in the sector and development of innovative solutions to manage and monitor natural resources on Earth,” added Sanjay Seth, Senior Director - Sustainable Habitat Programme, TERI, & CEO, GRIHA Council.

ABB’s Nelamangala unit, comprising of nearly 1500 employees, houses a state-of-the-art robotics facility spread over 3600 sq mt that delivers robotic applications and digital solutions for a variety of Indian industries. The Nelamangala unit also houses one of the first smart factories in Bangalore to produce ABB’s entire range of smart power products. 

ABB India’s water management initiatives at the unit were vetted by renowned external organizations such as GRIHA (Green Rating for Integrated Habitat Assessment) Council, Indian Green Building Council (IGBC) along with The Energy and Resources Institute (TERI). Assessment parameters included water monitoring system & KPI management, rainwater recharge and usage, water reduction initiatives, wastewater treatment and recycling system, and impact on the community.

ABB India currently recycles almost 95 percent of the waste generated across all their facilities within their premises to achieve long-term sustainability goals of zero waste to landfill. They have also enhanced the water recyclability by 4 percent in 2021 as compared to the year 2020 which resulted in reduction of freshwater withdrawal and overall water footprint of the company.

ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 105,000 talented employees in over 100 countries. www.abb.com. 

Aditya Birla Sun Life AMC Limited receives approval from International Financial Services Centres Authority (IFSCA) to carry out Portfolio Management Services from GIFT City, Gandhinagar

Aditya Birla Sun Life AMC Limited (ABSLAMC) has been granted approval by IFSCA on January 20, 2022 to carry out Portfolio Management Services through a branch office in International Financial Services Centre (IFSC) in India. ABSLAMC’s move to set up new unit at the Gujarat International Finance Tec-City (GIFT City) is a strategic step towards growth of its international business to expand its reach and service global clients, including NRIs for investing in India. ABSLAMC is the fourth largest asset manager in the country with presence in over 280 locations pan-India and already has a presence in international markets such as Dubai, Singapore and Mauritius. 

Commenting on this development, Mr. A Balasubramanian, MD & CEO, Aditya Birla Sun Life AMC Limited said, “This is a significant development in the overall business model of ABSLAMC. Through our GIFT IFSC branch we will be able to provide investment management and advisory services to prospective and existing clients across Sovereign Wealth Funds, Family Offices, Global Funds, Institutional Investors, High Net worth Individuals, among others. We will also provide investment avenues to Indian investors for making investments in competitive products in IFSC and outside India. ABSLAMC through its GIFT City unit will contribute towards the Government’s initiatives to boost growth of IFSC in India”.

Aurionpro & Toshi Automatic unveil new logo, to expand capacity 

Aurionpro recently had announced acquisition of controlling stake in Ghaziabad, Uttar Pradesh based Toshi Automatic Systems Pvt. Ltd (Toshi Automatic) a manufacturer & supplier of automatic gates required in BRTS, Metro and Airport Transit projects and has a large manufacturing plant at Ghaziabad, Uttar Pradesh. Aurionpro is an established player in the AFC segment and this acquisition will lead to supply chain integration. Toshi Automatic has been re- branded as aurionpro-toshiautomatic (ATAS) as per the below logo unveiled recently

With this launch, all the offerings of ATAS along with its manufacturing unit, based in Ghaziabad, is being renamed as aurionpro-toshiautomatic. Mr. Paresh Zaveri, CMD Aurionpro along with Mr. Sanjeev Sachdev, Managing Director, ATAS inaugurated the new logo at a function.

Mr. Paresh Zaveri, CMD-Aurionpro at inauguration said that “ATAS is geared up to expand its footprints in manufacturing. The combined might of aurionpro-toshiautomatic will lead to scaling up of operations and will best place us to seize immense opportunities in this space. We target to complete increase in the manufacturing capacity, by three fold, at Ghaziabad unit in first phase by September 2022 and with the rising market and strong outlook we will further expand the capacity thereafter.” 

Zydus receives final approval from USFDA for Vigabatrin Tablets

Zydus has received final approval from the USFDA to market Vigabatrin Tablets in the strength of 500 mg (US RLD: Sabril Tablets). Vigabatrin is used to treat babies, one month to 2 years old with infantile spasms. It is also used in combination with other medications to treat seizure disorders (epilepsy). Vigabatrin decreases the number of seizures in adults and children who have not been able to control their seizures with other treatment. Vigabatrin is an anticonvulsant. It is known to work by stopping the breakdown of a natural calming substance (GABA) in the brain. The drug will be manufactured at the group’s formulation manufacturing facility at the SEZ, Ahmedabad.

The group now has 326 approvals and has so far filed over 400 ANDAs since the commencement of the filing process in FY 2003-04.

Glenmark Specialty S.A. and Lotus International Pte. Ltd. enter into Exclusive Licensing Agreement for commercializing Ryaltris™ Nasal Spray in for Singapore, Hong Kong and Vietnam. 

Glenmark Pharmaceuticals Ltd. (Glenmark), an innovation-driven, global, integrated pharmaceutical company, today announced that its Swiss subsidiary, Glenmark Specialty S.A., has entered into an exclusive licensing agreement with Lotus International Pte. Ltd., a wholly owned subsidiary of Lotus Pharmaceutical Co., Ltd. (Lotus), for commercializing its innovative nasal spray Ryaltris™ in Singapore, Hong Kong and Vietnam.

Under the terms of the agreement, Glenmark will be responsible for the manufacture and supply of Ryaltris™, whereas Lotus will be responsible for commercialization of Ryaltris™ (subject to receipt of regulatory approvals), in these markets. Glenmark will receive an upfront payment as well as regulatory and sales based milestone payments from Lotus. 

“We are excited to partner with Lotus for Ryaltris™ as it is a strong and reputed player in the region and is aligned with Glenmark’s objective to provide quality novel products to fulfill unmet needs of patients with allergic rhinitis. This partnership will provide patients access to a highly effective and proven treatment for allergic rhinitis in these key South-East Asian markets,” said Robert Crockart, Chief Commercial Officer, Glenmark Pharmaceuticals Ltd. 

On this development, Petar Vazharov, Chief Executive Officer of Lotus said, “As being strongly committed to making a difference for all patients, we are honored to partner with Glenmark to ensure this novel spray drug accessible to patients in South East Asia. This is also the first Brand product to be included in our respiratory portfolio with strong clinical data and IP protection. The partnership not only strengthens the competitiveness of our overall product portfolio but also accelerates our expansion in key SEA countries.” Allergic rhinitis (AR) is a heterogeneous disorder that despite its high prevalence is often undiagnosed. It is characterized by one or more symptoms including sneezing, itching, nasal congestion, and rhinorrheai . Allergic rhinitis can be seasonal (occurring during specific seasons) or perennial (occurring year-round)ii. AR contributes to missed or unproductive time at work, sleep problems and decreased involvement in outdoor activities. Prevalence of AR is 4.2% in Hong Kong, 4.9% in Singapore and 12.3% in Vietnamiii. Being a topical therapy, Ryaltris™ offers many advantages over oral therapies, such as delivering greater concentrations of drug to the receptor sites at the source of the allergic inflammation and reduced risk of systemic side effectsiv . 

HCL Expands Digital Transformation Partnership with ams Osram

HCL Technologies (HCL), a leading global technology company, has expanded its strategic transformation partnership with ams OSRAM to digitize one of the optical solutions leader’s key business processes and drive enterprise resource planning and customer relationship management systems standardization across the organization. HCL will also continue to lead IT infrastructure operations integration for the client.

The partnership will enable greater maturity in ams OSRAM’s digital execution capabilities and drive global IT operations excellence by increasing agility and scalability to accelerate innovation. To enable this, HCL will develop and operate a modern digital foundation through data center, hybrid cloud and network transformation. It will also enhance the end-user experience through increased use of AI, automation and self-service capabilities, IT service management, process modernization, and service integration and management. 

ams OSRAM’s post-merger mission is to become the uncontested leader in optical solutions by fostering innovation through intelligent technology that enables customers in the consumer durables, mobility, industrial, and healthcare sectors. HCL’s extensive capabilities in managing complex, hybrid technology environments and its proven FENIX 2.0 digital engineering and execution framework made it ideally suited to accelerate ams OSRAM’s digital transformation roadmap. 

“Our business is all about keeping our customers at the forefront of innovation, so it is critical we have the same transformational approach to our own operations,” said Dr. Marcus Harrich, Chief information Officer, ams OSRAM. “We need to continually and rapidly bring new products and services to market and deliver the interconnected digital journeys our customers expect. HCL has demonstrated precise business consulting capabilities, knowledge of key processes in the semiconductor and high-tech manufacturing industry and expertise in delivering a complex transformation.”

“Our extended partnership with ams OSRAM creates an exciting opportunity to build on HCL’s existing successes in Germany and the wider DACH region,” said Frank Fehler, Senior Vice President, HCL Technologies. “The decision to enhance our existing engagement with this additional scope also demonstrates the immense trust and lasting relationship we have established with ams OSRAM over the last two years to drive digital transformation together.” 

Infosys Recognized as Global Top Employer for the Second Consecutive Year; Ranked #1 in India Again

Infosys (NSE, BSE, NYSE: INFY), a global leader in nextgeneration digital services and consulting, has been recognized by Top Employers Institute among the Global Top Employers for the second consecutive year. Infosys was ranked #1 Top Employer in India, in recognition of its best-in-class people practices and consistency in delivering employee experience globally. Infosys is one of 11 companies worldwide to receive this recognition

Infosys has been named Top Employer across the following regions and top-ranked in 16 of the 22 countries:

• Asia Pacific – India, Australia, New Zealand, Singapore, Japan, and China
• North America – USA, Canada and Mexico • Middle East – UAE, Oman and Bahrain
• Europe – U.K, Ireland, France, Belgium, Netherlands, Germany, Switzerland, Sweden, Romania, and Poland

Krish Shankar, Executive Vice President and Group Head of Human Resource Development, Infosys, said, “We are delighted to be awarded Global Top Employer again this year. This comes at a time when we have strengthened our approach to employee engagement, making it more purposeful and morale-boosting. We continue to significantly invest in digital learning for our workforce creating new avenues for their growth. Infosys’ internal talent marketplace also helps them move continuously upward in the value chain, delivering on our promise of ‘careers that never stand still’. This recognition by the Top Employers Institute is a testimony to our concerted efforts to make it possible for every Infosys employee to navigate further, sustained by our culture and values.”

The Top Employers Institute program certifies organizations based on their HR Best Practices across 6 HR domains consisting of 20 areas such as People Strategy, Work Environment, Talent Acquisition, Learning, Well-being, Diversity & Inclusion, and more. For the evaluation, Top Employers Institute conducted a detailed assessment of Infosys’ people practices through the HR Best Practices assessment in 22 countries. The Top Employer Certification highlighted Infosys’ focus on supporting their employee’s wellbeing and experience, especially during the pandemic. It also reflects the Company’s Environment, Social and Governance (ESG) vision and commitment to its workforce. 

David Plink, CEO, Top Employers Institute said, “Reflecting on the demanding year that has, like the year before it, impacted organizations across the world, our Global Top Employers have continued to prioritize going above and beyond the norm to maintain their excellent people practices in the workplace. As a global Top Employer, Infosys has proven its unwavering commitment to employees on a global scale, joining a niche group of companies that have achieved a certification through the Top Employers Program. We are excited to celebrate and applaud them for their achievement in 2022.” 

Max Healthcare to add 300+ beds in NCR; will operate and manage upcoming hospital in Dwarka 

(MHIL), one of India’s largest private healthcare services company today announced that it has entered into a long term services agreement with Muthoot Hospitals Private Limited (MHPL) for operations and management (O&M) of ~ 300+ beds hospital being constructed and developed at Sector 10 Dwarka, New Delhi. This is the First Phase Hospital on ~ 8.62 acres of land and has a potential to add another 1000+ beds in due course of time. The current arrangement is, however restricted to First Phase Hospital only. The Hospital shall be operated under the name and style of Max Super Speciality Hospital, Dwarka

The construction of 10-storey hospital building is in full swing, with structural work near completion and MEP and civil finish tendering is in progress. The Hospital, with roads on all four sides, is located on a 45m wide sector road and has been designed by HKS India. First Phase Hospital, beside others shall have ~ 100 ICU beds, 10 OTs, 2 Cath Labs and Linac bunkers etc. The Hospital is expected to commence its operations in the second half of 2023. 

Commenting on the developments, Dr Abhay Soi, Chairman and Managing Director, Max Healthcare said, “We are proud to be associated with MHPL and excited at the prospect of extending our services and provide care to communities living in South-West Delhi. The arrangement underscores the focus and success of our strategic asset light model of growth and to start with, it will add 8% to our overall capacity in near future. The new hospital will allow us to further strengthen our presence in Delhi NCR. The hospital will be committed to the highest standards of clinical excellence, research, academics and patient care, serving both domestic and international patients.” 

Dwarka is a smart city with rapidly growing urban population of more than 12 Lakhs and has integrated townships, group housing projects and diplomatic enclave for 39 countries. It is well connected to international airport, Delhi Metro and new Dwarka Expressway Project once completed, will provide connectivity with Manesar and New Gurgaon as well. 

NATCO announces License Agreement with the Medicines Patent Pool

Natco Pharma Limited (NSE: NATCOPHARM; BSE: 524816) announced today that it has signed a non-exclusive licenses agreement with the Medicines Patent Pool (MPP), Switzerland. MPP had taken license from Merck Sharp & Dohme Corp. (MSD), USA for the same. 

Natco with this license agreement can manufacture and sell molnupiravir Capsules 200 mg. for Indian market, which will be sold under brand name MOLNUNAT ® for treatment of Covid 19 infection with Sp02>93% and who have high risk of progression of the disease including hospitalization or death.

This agreement allows Natco to expand access to Covid-19 medicines in 105 countries in generic name. Under the license, Natco can set its own price for the generic products it produces, paying a royalty on sales to MSD. MSD, Ridgeback Biotherapeutics and Emory University will not receive royalties for sales of molnupiravir under this agreement for as long as COVID-19 remains classified as a Public Health Emergency of International Concern by the World Health Organization.

Persistent Reports Strong Q3FY22 with 9.2% Q-o-Q and 36.2% Y-o-Y Growth Reports 45.9% Y-o-Y PAT growth and declares Interim Dividend of ₹20 per share

PTC India Limited (PTC), the leading provider of power trading solutions in India, has commented on the ongoing issues involving its NBFC subsidiary PTC India Financial Services (PFS). 

The Management of PTC India Ltd is committed towards corporate governance of highest standard in its functioning as well as of its subsidiaries. The interest of stakeholders are of prime concern and company would like to assure total transparency and ethical best practices.

The business practice & model of PTC & PFS have a proven operational track record with strong financials. We are closely monitoring the situation and observed that there are difference of opinion at operation & Board level of PFS on few issues. These issues are being looked into by a senior level committee of the company. We have taken initiatives to address the governance issues.

We are committed towards streamlining all operational processes and adopting best available practices of an NBFC. Maintaining highest ethical standard, all possible steps are being taken to induct reputed professionals to the Board of PFS for sustained future growth of the organisation. 

Wipro Certified as Top Employer in Europe by Top Employers Institute, Ranks Fifth

Wipro secured certifications in five markets, ranking in the top five in each with an average score of 96% across Europe 

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has been recognised by the Top Employers Institute as a top employer in Europe. This was Wipro’s first year applying for certification in Europe, which saw it placed fifth out of over 1,800 companies from around the world

Additionally, Wipro secured the certification in France (ranked 2nd in market), Switzerland (3rd), the Netherlands (4th), Germany (5th), and the UK (5 th), with scores of over 95% in each region. Wipro performed well in most categories but significantly outperformed the benchmark in the Career, Work Environment, Diversity & Inclusion and Digital HR categories

The Top Employers Institute, established 30 years ago reviews submissions across several key HR practices including People Strategy, Work Environment, Talent Acquisition, Learning and Development, Wellbeing and Diversity and Inclusion. The process is extensive, making the certification one of the most prestigious in the field of human resources.

David Plink, CEO, Top Employers Institute said, “Despite another challenging year for businesses and people around the world, Wipro has shown that across Europe it is consistently focused on supporting its teams. This was the first year we had the opportunity to assess Wipro’s European markets, and it is a real testament to their commitment to putting people first that they have received such high rankings across each of the five markets.” 

A number of new initiatives contributed to Wipro’s successful inclusion in this year’s list of certified companies. One of the most significant was Wipro’s use of technology to streamline processes, facilitate online learning and training, enable employees to work with greater autonomy throughout the pandemic, and offer empathy and support throughout the pandemic. At the heart of Wipro’s strategy is wellbeing and care of people.

Deepak Parija, CHRO, Europe, Wipro Limited commented, “Being certified by the Top Employers Institute is a moment of pride and an important milestone for Wipro. As we embrace the future, it reaffirms our commitment to build a value-driven, best-in-class, diverse and inclusive organisation. A culture where our teams can be themselves, and where they have the flexibility and support to pursue their career ambitions, learning and most importantly, a place where they feel they can belong.” 

Pierre Bruno, CEO, Europe, Wipro Limited said, “We are a company that takes pride in the experience of its people and it’s great to see that this has now been recognised. We want to empower our employees and support them as they build their careers, and this certification is recognition that we are on the right track.” 

UPL announces that Bunge will acquire a 33% stake in Sinagro

UPL Ltd. (NSE: UPL, BSE: 512070, LSE GDR: UPLL) (‘UPL’), and other shareholders in Sinagro Produtos Agropecuarios SA., Brazil, (‘Sinagro’) have announced an agreement in which Bunge Ltd. (‘Bunge’) will acquire a 33% stake in Sinagro to strengthen its grain orientation strategy in Brazil.

Sinagro is a major reseller of grains and agricultural products with a significant presence in Brazil's ‘Cerrado’ savanna region. Bunge is one of the world leaders in sourcing, processing, and supplying oilseed and grain products and ingredients. The deal announced today is subject to approval by Brazil's antitrust body, Conselho Administrativo de Defesa Econômica (‘CADE’).

For more than 20 years Sinagro's strategic focus has been supporting producers, and with a network of more than 30 stores and warehouses, and a footprint across seven Brazilian states (Mato Grosso, Mato Grosso do Sul, Goiás, Bahia, Tocantins, Pará, and Minas Gerais), Sinagro is strategically positioned to support suppliers and final customers alike.

Sinagro was one of the first signatory companies to join Bunge's “Sustainable Partnership” a groundbreaking initiative, launched in 2021, whereby Bunge helps grain resellers set up socioenvironmental assessment systems for suppliers – including satellite monitoring – at the farm level. Program participants can adopt independent geospatial imaging services or use Bunge's structure at no cost. 

Rogerio Castro, CEO, UPL do Brasil, said: 

“UPL is pleased to have this strategic partnership with Bunge and welcomes Bunge’s contribution to Sinagro on several fronts. In addition to Bunge's origination, logistics, and risk management expertise, which is undeniable, Bunge is a company with an outstanding global reputation and a strong presence in Brazilian agribusiness. Together with UPL, this new partnership will strengthen Sinagro's bases across the board. This agreement will also accelerate the company’s growth and expansion in Brazil.” 

Renato Guimaraes, President of Sinagro, said:

"With this deal, we further strengthen our partnership with Bunge in a relationship that will generate mutual benefits. On our side, Bunge's expertise in risk management and its logistics capacity maximizes our opportunities in the grain market, while we are aligned on sustainable, traceable, and verifiable production in the Brazilian Cerrado.”

Rossano de Angelis Junior, Agribusiness VP, Bunge Ltd., said:

“This transaction will contribute to Bunge´s grain origination capabilities and to its access to producers in the region. In addition, Sinagro and Bunge are closely aligned on their global vision of being the preferred partner in sustainable solutions for oilseeds, commodities, and related ingredients, both for farmers and end customers," says Rossano de Angelis Junior, Bunge´s Agribusiness VP

TCS a Leader in Advanced Digital Workplace Services: NelsonHall

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been positioned as a Leader in the NelsonHall NEAT for Advanced Digital Workplace Services, for the third year in a row

The report cited TCS’ substantial investments in intellectual property such as TCS Cognix™ for Workspace and Secure Borderless Workspaces™ (SBWS™), as its key strength. It highlighted the company’s well defined modern offerings in support of digital workplace services, supported by dedicated cloud business units for Microsoft, AWS, and Google Cloud. Also cited as a strength is its ability to measure and improve the overall employee experience through offerings such as Experience Level Agreements and eXperience elevation center. 

“TCS leverages a human-centered design thinking approach using digital and cognitive technologies to help customers transform their workplace to enhance the experience, foster collaboration and improve enterprise agility,” said Ashok Pai, Global Head, Cognitive Business Operations, TCS. “Our leadership position in this assessment is a reflection of our vision, strategy, customer-centricity, continued investments in building innovative offerings, and the resultant market success.”

TCS offers a comprehensive portfolio of consulting-led services across the workplace services value chain and leverages SBWS, its transformative operating model to enable touchless, intelligent, agile, and digital operations that deliver superior business outcomes. 

TCS Cognix for Workspace is an AI driven human-machine collaboration suite, powered by TCS’ Machine First™ Delivery Model that helps enterprises create intuitive, immersive, and intelligent workspaces – a key to delightful employee experiences. It comes with an array of easy-to-deploy, modular and scalable value builders that bring together multiple digital levers and enable zero-touch IT, the next-gen workplace and enhanced employee experience. Some examples of these value builders are cognitive virtual assistants, experience assurance manager, a user segment analyzer, and a proactive endpoint remediator.

Its SBWS remote working operating model allows organizations to take full advantage of their talent ecosystem to maximize business opportunities. It encompasses a wide range of human functions, including infrastructure, talent management and employee engagement; processes, tools, and governance mechanisms; and collaboration and engagement practices to enable companies to realize the potential of the new world of work. 

TCS’ Smart Meetings solution helps transform the meeting experience for remote working employees with comprehensive services, full lifecycle support and global coverage. It includes integrating business applications to help drive productivity, enterprise voice enablement using direct routing, meeting room experiences, adoption, and change management with round-the-clock managed support.

TCS also ensures seamless adoption of digital workplace initiatives within enterprises through solutions such as TCS Office 365 Engage – a curated, personalized, and gamified adoption cum learning platform that curates the learning journey based on the Office 365 usage pattern, role, activities, and geography. Its subtle gamification elements make it more interesting to explore Office 365. 

To drive workplace innovation and transformation, TCS has invested in a network of globally distributed coinnovation hubs called TCS Pace Ports™ that bring together a collaborative ecosystem of startups, technology Page 2 of 3 partners, and academia. Its Innovation Showcase is a premiere immersive presentation zone where client executives are invited to explore possibilities in their industries. TCS contextualizes its digital workplace solutions for customers and demonstrates them at the Innovation Showcase to trigger conversations around innovation.

“TCS has a clear focus on experience and hyper-personalization to enable clients to realize a future-ready, personalized, and secured digital workplace. TCS Cognix Workspace provides a cloud-first, platform-led, catalog-based consumption approach. It brings inherent cognitive, automation, analytics, and AI capabilities to drive automation from day one. In addition, TCS has invested in dedicated eXperience Elevation Centers (XEC) globally, supporting teams to monitor the sentiments of end-users as they engage across services proactively, and in the adoption of XLAs across its client base,” said John Laherty, Senior IT Services Research Analyst, NelsonHall. 

"Workplace technologies are converging on the cloud to create compelling, integrated employee experiences that bridge the world of infrastructure and applications,” said Ashok Krish, Global Head, Digital Workplace, Microsoft Business Unit, TCS. "TCS’ investments in edge to cloud workplace solutions are helping our customers create competitive advantages in attracting and retaining talent by empowering their employees with a seamless, secure and frictionless digital workplace experience."