Shares of TCS Slipped more than 1 per cent on Friday after its agreement with JetBlue has been extended to help enhance the U.S.-based airline's data analytics and operational agility.
TCS will expand its innovation center in Pune, India, over the next two years to support critical JetBlue Digital initiatives, complementing the U.S.-based JetBlue team, as well as TCS team members in the U.S. and Mexico, the company said.
"As part of the expanded relationship, JetBlue can benefit from the TCS Network. This specifically involves access to TCS' Airline and Digital Innovation Labs, which focus on identifying business challenges and opportunities in the Travel and Hospitality sector, and how to leverage technology and airline expertise to more quickly develop solutions, the press release said.
TCS has emerged as a clear partner of choice for airline companies looking to reinvent themselves in this new digital age. The company was recently selected for similar transformational initiatives with leading airlines in North America, Asia Pacific and Europe.
Shares of the TCS were seen trading at Rs 2601, lower by 1.35 per cent on BSE at 1.30 pm IST. It touched intra-day low of Rs 2600 and high of Rs 2647 during trade.