Auto & Realty Head the Losses

Fri, 19 Aug 01:30 pm

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Indian markets are trading in the red during the post-noon trading session. Sectoral indices are trading on a mixed note with stocks from the infrastructure & metal sectors witnessing buying interest whereas auto & realty stocks are bearing the maximum brunt.

The BSE Sensex is trading lower by 74 points (down 0.3%) while the NSE Nifty is trading lower by 18 points (down 0.2%). Both the BSE Mid Cap and BSE Small Cap indices are trading up by 0.2% each. Gold prices, per 10 grams, are trading at Rs 31,420 levels. Silver price, per kilogram is trading at Rs 45,811 levels. Crude oil is trading at Rs 3,285 per barrel. The rupee is trading at 66.99 to the US$.

As per an article in The Economic Times, Tata Consultancy Services (TCS) and American low-cost airline JetBlue Airways Corporation have signed an agreement to expand the outsourcing services offered by the IT services provider.

Reportedly, the move is intended at ramping up the relationship to strategically optimize the key business channels and enhance digital customer touchpoints.

Under the deal, TCS will be involved in building new platforms, ensuring quality assurance and managing infrastructure services. Besides that, TCS will also focus on improving the carrier's data analytics and developing new tools for crew members as well as customers.

Moreover, TCS will also expand its Pune innovation centre over the next two years to support JetBlue's digital initiatives. Also, as part of the expanded relationship, JetBlue can have access to TCS' Airline and Digital Innovation Labs.

One must note that TCS also caters to the domestic airlines Vistara's IT services requirement and it was recently selected for similar transformational initiatives with leading airlines in North America, Asia Pacific and Europe.

Going forward, whether TCS emerges as a clear partner of choice for airline companies looking to reinvent themselves in this new digital age will be an interesting thing to watch out for.

Moving on to the news from auto sector. According to an article in a leading financial daily, Tata Motors has delivered 241 buses to the Karnataka State Road Transport Corporation (KSRTC), under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM).

Reportedly, the buses are equipped with the new-age technology. The buses have an acceleration of 0.8 m/sec2, which would cut down travel time. The buses are well connected with GPRS permitting the bus to be connected with Control room for Live monitoring. Further, the bus is also enabled for smart ticketing options. Moreover, the driver's seat has been designed ergonomically with four-way adjustable mechanism to maintain the health of drivers.

Notably, there are more than 13000 Tata Motors buses operating in Karnataka.

With large auto makers already investing in these emerging technologies, it is clear that Tata Motors need to make the move quickly to avoid losing out the race particularly when technologically assisted driving can soon become a reality.

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