TCS to Expand STEM Education Programs in New Jersey and Add 1,000 New Employees by 2023
Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) announced plans to expand its operations in New Jersey by hiring nearly 1,000 additional employees by the end of 2023 to meet the growing needs of customers to digitally transform their businesses. To nurture a pipeline of local IT talent for the state, TCS will also grow the reach of its STEM and computer science education programs in New Jersey by 25 percent, expanding teacher training and student programs.
“We are thrilled to have Tata Consultancy Services expand its footprint in New Jersey and invest in our future workforce by expanding its STEM education programs,” said New Jersey Governor Phil Murphy. “TCS is creating thousands of highly-skilled jobs and delivering significant economic growth to New Jersey. Our economic mission trip to India in 2019 continues to bear fruit as we have seen deep investments from Indian companies in our state. We look forward to strengthening our ongoing partnership with TCS as we build a more diverse and inclusive innovation ecosystem where high-tech companies can grow and thrive.”
TCS’ Edison Business Center, one of 30 TCS facilities in the U.S., serves more than 100 customers in New Jersey. TCS has more than 3,700 employees in the state who provide IT and consulting services across industries, harnessing technologies such as artificial intelligence, machine learning, cloud computing, and enterprise software.
“New Jersey is an important technology hub for TCS, and we are excited to be a part of its growing reputation as a center of innovation,” said Surya Kant, Chairman of North America, TCS. “TCS is committed to nurturing tomorrow’s technology leaders through STEM initiatives and volunteerism across New Jersey, so they can continue to drive economic growth and give back to their local communities.”
TCS is among the nation’s top consulting and IT services providers and helps more than a third of the Fortune 500 companies to digitally transform and grow their businesses. It has been among the top two U.S. recruiters of IT services talent, hiring more than 21,500 employees in the past five years.
TCS understands the need to expand STEM and computer science education in schools across New Jersey and the U.S. Over the last five years, TCS has hired nearly 450 students from colleges and universities across the Garden State and has introduced its own student and educator STEM and computer science programs to help build a pipeline of local IT talent in New Jersey.
TCS’ goIT program, a STEM training initiative which fosters digital innovation and career readiness, has directly impacted over 42,000 students in the U.S. and Canada, including more than 870 students in New Jersey at 25 unique events. Overall, more than 2,900 students in New Jersey have engaged in goIT programming, through teaching curriculums and other programs such as CSEdWeek and STEM Career Accelerator Day. In August 2021, TCS also celebrated the culmination of a month-long goIT STEM Camp with the Edison, New Jersey Board of Education, with 350 students participating.
TCS’ Ignite My Future in School, a pioneering, trans-disciplinary program for K-12 education, helps educators embed computational thinking into core subjects such as math, science, language arts, and social studies. Since its launch in 2017, over 26,000 teachers and stakeholders across North America have been impacted by the program. In 2021, TCS supported New Jersey teachers and students through two TECHademy events, which are professional development sessions for educators from school districts across the state.
Over the last 10 years, TCS employees have volunteered nearly 32,000 hours with organizations in New Jersey. TCS has also committed more than 2,600 hours to the Community Food Bank of New Jersey since Page 2 of 2 2014, been one of the top corporate fundraisers for the American Heart Association’s Go Red for Women New Jersey chapter over the last five years, and supported NPower, a nonprofit organization that provides free IT career training.
Tata Power partners with Apollo Tyres to deploy EV charging stations at its Commercial & Passenger Vehicle Zones across India
With their commitment towards Green Mobility and to #DoGreen, Tata Power, one of India's largest integrated power companies, and Apollo Tyres Ltd, the leading tyre manufacturer in India, have announced a strategic partnership for the deployment of public charging stations across India.
These charging stations will be deployed at Apollo Tyres’ Commercial and Passenger Vehicle Zones spread across the country. Tata Power has a presence across all the segments of the EV charging ecosystem and has deployed all types of chargers – DC 001, AC, Type2, Fast DC chargers up to 50kwh and up to 240kwh chargers for buses. Based on location, this classification of chargers will support EV charging for two-wheelers & four-wheelers, respectively.
These charging stations will be deployed at Apollo Tyres’ Commercial and Passenger Vehicle Zones spread across the country. Tata Power has a presence across all the segments of the EV charging ecosystem and has deployed all types of chargers – DC 001, AC, Type2, Fast DC chargers up to 50kwh and up to 240kwh chargers for buses. Based on location, this classification of chargers will support EV charging for two-wheelers & four-wheelers, respectively.
Dr. Praveer Sinha, CEO and MD of Tata Power, stated, "We are glad to partner with Apollo Tyres for the deployment of EV charging stations across their commercial & passenger vehicle zones. This partnership reflects our commitment to developing and expanding the electric vehicle ecosystem in the country.
Commenting on this move, Satish Sharma, President, Asia Pacific, Middle East & Africa, Apollo Tyres Ltd said, “This is another of the several first moves that we have taken in the tyre and auto component space in India. The setting up of EV Charging Infrastructure at our Business Partner’s premises strengthens our resolve towards promoting green mobility in the country. With Tata Powers’ huge service network, we are assured of the availability of uninterrupted charging infrastructure across locations.”
Tata Power has deployed an extensive EV charging infrastructure with over 1000 + EV charging points across 200 different cities under the EZ Charge brand along with a digital platform to facilitate an easy and smooth customer experience. This network of public EV charging stations provides innovative and seamless EV charging experiences for customers across Offices, Malls, Hotels, Retail Outlets, and places of public access, enabling clean mobility and freedom from range anxiety. Tata Power EZ Chargers’ ecosystem covers the entire value chain of Public chargers, Captive chargers, Bus/ Fleet chargers, and Home chargers. Tata Power has also developed a robust software platform for customers of EV charging and has released a mobile-based application (Tata Power EZ Charge) to give its consumers a simple and easy charging experience. The app helps in locating EV charging stations, charging EVs, and making bill payments online, making it one of its kind.
The development and availability of EV charging infrastructure is key requirement for the rapid adoption of electric mobility in India. The Tata Power-Apollo Tyres partnership will play a strong role in encouraging EV owners to charge their EVs across various locations
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OutSystems names Persistent Partner of the Year in Americas for Third Consecutive Year
OutSystems, a global leader in modern application development platforms, has named Persistent Systems (BSE & NSE: PERSISTENT) Partner of the Year in Americas for the third consecutive year, announced at OutSystems’ annual Partner Kickoff event.
Persistent was recognized as a Visionary in the category of “Creation and Delivery of Exceptional Solutions”, acknowledging the pre-built, customizable industry solutions for BFSI, Healthcare, and Life Sciences made available through the Intelligent Automation Center of Excellence (COE).
OutSystems helps organizations build enterprise-grade applications and rapidly transform their business. IT departments are trying to keep up with user expectations, both internal and external, for new functionality or applications. The siloed nature of the enterprise stack makes it very complex and time-consuming to engineer a feature or develop new applications the traditional way. OutSystems eliminates this complexity and saves time by taking a visual approach to low-code, AI-powered application development, eliminating complexity while reducing time to market, without talent dependency or the need for deep institutional knowledge.
OutSystems helps organizations build enterprise-grade applications and rapidly transform their business. IT departments are trying to keep up with user expectations, both internal and external, for new functionality or applications. The siloed nature of the enterprise stack makes it very complex and time-consuming to engineer a feature or develop new applications the traditional way. OutSystems eliminates this complexity and saves time by taking a visual approach to low-code, AI-powered application development, eliminating complexity while reducing time to market, without talent dependency or the need for deep institutional knowledge.
Ajai Kumar, Senior Vice President for Partner Ecosystem, Persistent Systems “Our continued collaboration with OutSystems in the creation and delivery of cutting-edge solutions is driving significant value for our clients and their end customers. Using OutSystems, we rapidly design, develop, and deploy applications that enable clients to compete better, reduce time to market, and improve customer experience. Our trusted partnership has been a game-changer for unleashing business opportunities as we help our clients accelerate their digital transformation agendas.”
Union Bank of India Offers WhatsApp Banking powered by Infosys Finacle
Union Bank of India, a leading public sector bank in India, today announced the availability of its banking services on WhatsApp following the successful implementation of Finacle Conversational Banking, Finacle Remote Banker, and Finacle Mobile Teller solutions. The new service from the bank, called Union Virtual Connect (UVConn), will give its retail customers personalized, daily banking services, at their preferred time, place, and in seven languages initially. With Finacle, the bank has also transformed its branch banking experience, by optimizing branch and teller performance, minimizing queues, enabling relationship manager mobility, and improving operational efficiencies.
GAIL registers highest ever Revenue, PBT and PAT PAT upto Q3 FY22 jumps 158%, surpasses total PAT of previous fiscal years
Dr. Reddy's Laboratories enters into Definitive Agreement to acquire German medical cannabis firm Nimbus Health GmbH
Dr. Reddy's Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY, NSEIFSC: DRREDDY, along with its subsidiaries together referred to as "Dr. Reddy's") today announced that it has entered into a definitive agreement to acquire Nimbus Health GmbH ("Nimbus Health"). Nimbus Health is a privately owned, licensed pharmaceutical wholesaler from Germany focusing on medical cannabis in Germany. Dr. Reddy's will acquire Nimbus Health for an upfront payment plus performance and milestone-based earn-outs over the next four years.
Founded in 2018, Nimbus Health is one of the pioneer companies for medical cannabis in Germany. The acquisition will allow Dr. Reddy's to build on Nimbus Health's strengths and introduce medical cannabis-based medicines as a promising treatment option for patients. The company will be operating under the brand Nimbus Health and as a wholly-owned subsidiary of Dr. Reddy's.
The demand for medical cannabis has increased over the past years with the legalization of medical cannabis by the German Parliament (Bundestag) in 2017. The medical cannabis market in Germany is already valued at ~122 Mio. € with growth of ~25% in 2021 compared to 2020 and a CAGR of ~55 % since 2017, making Germany one of the largest markets in Europe. Around 150,000 German patients benefit from medical cannabis for their unmet health needs1 .
Patrick Aghanian, Head of European Generics, Dr. Reddy’s, commented: "Medical cannabis is increasingly used to address and treat high unmet medical needs, especially in pain management and CNS. Further, with numerous studies being conducted to leverage and introduce medical cannabis, we believe this is a must-be field for future healthcare delivery. Nimbus Health has established itself as a fast-growing, highly reputable, pioneering platform with an excellent network of trade partners and know-how access, where the German sick-funds fully reimburse medical cannabis. As more European countries adopt the usage of medical cannabis, the ability to leverage and access newer geographies will be key. We are very excited that with Nimbus joining Dr. Reddy's family, together with Linus and Alessandro, we embark on a new, exciting journey of medical cannabis, which supports Dr. Reddy's mission of meeting unmet patient needs."
"We were really excited when Dr. Reddy's approached us and recognized Nimbus's highly efficient importing, registering, and launching platform for various medical cannabis brands in Germany. The close alignment between the values of Dr. Reddy's and Nimbus gave us the confidence that we can stay focused on the existing business and grow future endeavors together. We are glad to work with Dr. Reddy's to activate synergies supporting growth in all sectors." commented Linus Maximilian Weber, Founder and Managing Director of Nimbus Health.
Dr. Alessandro Rossoni, Co-Founder and Managing Director of Nimbus Health, says: "The relationship between Dr. Reddy's and Nimbus Health has developed very positively over the past year. It felt like a natural match to make the next steps together. We are excited that Dr. Reddy's acknowledged the potential of Nimbus in the medical cannabis market. Dr. Reddy's commitment sets a significant milestone for further developing medical cannabinoid-based medicines and unlocking new possibilities to benefit patients. We are very confident that being part of Dr. Reddy's will help us strongly take our operations to the next level and further increase our impact in this quickly developing market.