Tata Consultancy Services: The university has decided to cancel the contract with TCS after a technical glitch.
Tata Consultancy Services(TCS):
TCS may face a big fall if the stock market opens on Monday. Britain’s Oxford University has canceled the contract with India’s largest IT company TCS. The university has decided to cancel the contract with TCS after a technical glitch.
What is the reason for the cancellation of the contract?
A spokesperson for the University of Oxford issued a statement on Friday. He said many students were facing technical problems in Oxford University’s online admission test. For this reason it has been decided to terminate the contract with Tata Consultancy Services. The spokesperson also said that now Oxford University admission test will not be conducted under the supervision of TCS.
Oxford in the arena of world education
Oxford University is considered highly prestigious and is consistently ranked among the world’s top educational institutions. Many prominent Indians, including former Prime Ministers of India Indira Gandhi and Manmohan Singh, studied at Oxford University. Every year thousands of students from all over the world take the entrance exam to get a chance to study at Oxford.
Admission in 30 colleges through examination
Oxford University in England selects some eligible applicants from all over the world through online examination. They are admitted through examination to various colleges of Oxford University located in different parts of Britain. There are about 30 colleges under the University of Oxford, offering undergraduate and postgraduate degrees in various subjects.
The contract was canceled before the end of the year
TCS was partnered last year to conduct the online admission test of Oxford University. TCS ION, the learning and assessment unit of TCS, partnered the university in this work. But this partnership could not complete even one year. The agreement was signed in April 2023 and expires in January 2024.
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Tata Group:
After 20 years, the new IPO of Tata Group, Tata Technologies, came to the market in November 2023. Bidding for this IPO was opened from November 22. Then the practice started again with Tata’s IPO. Is the new year and IPO going to come? It is heard that the IPO of Tata Autocomp Systems (Tata IPO) will come to the market. Not only this, there are 4 more IPOs in this list.
According to sources, Tata Group is going to list its auto component manufacturing business Tata Autocomp Systems in the IPO soon. The discussion has also started. However, it is known that this IPO may come to the market by the end of 2024. There have been preliminary level discussions on this within the Tata Group. The final decision on how much the partnership will be, how much investment Tata Group is seeking in the IPO is not yet known.
