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Tata Consultancy Services (TCS) is an Indian multinational technology company specializing in information technology services and consulting.Headquartered in Mumbai, it is a part of the Tata Group and operates in 150 locations across 46 countries. [4]
Tally Solutions was co-founded in 1986 by Shyam Sunder Goenka and his son Bharat Goenka [2] after the family's cotton business was destroyed by fire. [3] [4] It began as Peutronics Financial Accountant, an accounting software application. [5] [3] The company was incorporated in 1991 and was renamed Tally Solutions in 1999. [6] [7] [8]
TCS BaNCS is a core banking software suite developed by Tata Consultancy Services for use by retail banks. [ 2 ] It includes functions for universal banking , core banking , payments, wealth management, forex and money markets, compliance, insurance, securities processing, custody, financial inclusion, Islamic banking and treasury operations.
Faqir Chand Kohli (19 March 1924 – 26 November 2020) was a co-founder and the first CEO of TCS Tata Consultancy Services, India's largest software services company.He was also associated with other companies within Tata Group, including Tata Power Company and Tata Elxsi, and had been President of Indian Information Technology (IT) services advocacy body NASSCOM.
Every entry to an account requires a corresponding and opposite entry to a different account. The double-entry system has two equal and corresponding sides, known as debit and credit; this is based on the fundamental accounting principle that for every debit, there must be an equal and opposite credit. A transaction in double-entry bookkeeping ...
Rajesh Gopinathan (born 1971) is an Indian Executive who was former CEO and MD of Tata Consultancy Services (TCS), an Indian IT services and consulting organization and one of the country's largest employers. [1] He was elevated to the role of Chief Executive in February 2017 after serving as the Chief Financial Officer since 2013. [2]
Maker-checker (or Maker and Checker or 4-Eyes) is one of the central principles of authorization in the information systems of financial organizations. The principle of maker and checker means that for each transaction, there must be at least two individuals necessary for its completion.
In 2014, M. A. Mannan, a banker by profession, was appointed as CEO of TCS. [1] During his tenure, TCS introduced two new business lines: TCS Hazir, a one-hour delivery service, and Yayvo, an e-commerce platform aimed to compete with Daraz.pk. [1] He also negotiated with lenders to remove personal guarantees from company loans and utilized TCS ...