TCS shares up 0.35% at Rs 697.60 on NSE

Tata Consultancy Services Ltd has announced that the Reminbi currency trading platform for the Chinese inter-bank market, an initiative of China Foreign Exchange Trade System, a subsidiary of People's Bank of China, has successfully gone live nationwide.

The New Generation CNY Trading System is a forward-looking trading system, which aims to incorporate the future vision of the Chinese Interbank market and relevant international best practices. Meanwhile, the company's BaNCS Core Banking has been ranked as the leading core banking solution in China based on its performance in the year 2008 by IDC.

This is the third year in a row that TCS has been ranked at the top of solutions providers for the financial services industry in China. TCS shares were up 0.35% at Rs 697.60 on NSE, after rising to a high of Rs 704 earlier.