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( 05/12/2017 10:00)
TCS invests $50 mn in Cornell Tech

Tata Consultancy Services (TCS), a leading global IT services organization has said that it has invested USD 50 million in Cornell Tech.

The investment includes a significant gift for the first phase of capital development on the Roosevelt Island campus, as well as support for collaborating on technology research and expanding K-12 digital literacy programs in New York City.

In recognition of the gift, Cornell Tech has inaugurated the Tata Innovation Center on Roosevelt Island. The center, formerly known as The Bridge, brings academia and industry together under one roof to share ideas and research on next-generation digital technologies and how to commercialize new areas of collaboration.

Meanwhile, shares of the company were trading at Rs 2643.10 apiece, up 0.37 per cent from the previous close at 10:06 hours on BSE.

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