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As On 18-Oct-2019, EOD
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  • TCS & General Motors announce new partnership in global vehicle engineering

    TCS to acquire assets of GM Technical Center - India, Bengaluru

    General Motors and Tata Consultancy Services announced a new partnership in future global vehicle engineering. This builds on the 16-year long relationship between the two companies.

    Under the terms of the agreement signed earlier today, TCS will acquire certain assets at the GM Technical Center - India (GMTC-I), in Bengaluru, and will partner with GM, supporting its global vehicle programs with engineering design services over the next 5 years. Over 1,300 employees of GMTC-I will transfer to TCS, including teams focused on propulsion systems, vehicle engineering, controls development, testing, creative design and special projects.

    The transaction and handover are expected to be completed by the end of September.

    Established in 2004 in Bengaluru, GMTC-I contributes to GM's global programs, across propulsion systems, vehicle engineering, controls development, testing, creative design and special projects. It houses a design studio and an engineering center with state-of-the-art, in house electronics hardware and software testing and validation infrastructure.

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Flash News 18-Oct-2019
  •  ( 16:00) Nifty end above 11,650  
  •  ( 15:53) Barometers extend rally to 6th session  
  •  ( 14:51) Asian stocks slide after weak China GDP  
  •  ( 13:19) Major block deal alert in 3M India  
  •  ( 12:07) Cyient's Q2 consol. PAT up 8.83% at Rs 98.50 cr. Q-o-Q  
  •  ( 11:50) Jay Bharat Maruti Q2 PAT down 77.1% at Rs 3.76 crore  
  •  ( 11:50) China Q3 GDP grows 6% YoY, slowest in 27 years  
  •  ( 11:47) L&T Infotech Q2 consol. PAT up 1.20% at Rs 360.10 cr  
  •  ( 11:47) Zee Entertainment Q2 consol. PAT up 6.87% at Rs 413.23 cr  
  •  ( 11:47) L&T Infotech Q2 consol. PAT up 1.20% at Rs 360.10 cr  
  •  ( 11:47) South Indian Bank Q2 PAT up 20.5% at Rs 84.48 cr  
  •  ( 11:44) RIL hits Rs 9 trillion market cap  
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18 October 2019 00:00
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