Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions organization, today announced that it is establishing a research effort on Intelligent Systems at IIIT Hyderabad named after Shri FC Kohli. The FC Kohli Center on Intelligent Systems (KCIS) will be based in the IIIT Hyderabad campus and will act as an umbrella organization at the institute to both strengthen the existing groups and facilitate new activities in related areas.

The new center will also act as a force multiplier in attracting projects and funding from other entities in the government and industry sectors, coordinate research in related domains across different centers of IIIT Hyderabad, as well as in the institute's research collaboration with other academic institutions in the country.

Shares of the company declined Rs 34.1, or 1.35%, to trade at Rs 2,494.00. The total volume of shares traded was 42,559 at the BSE (2.59 p.m., Thursday).