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TCS, SBI in banking solutions JV.

Nov. 15--TATA Consultancy Services (TCS) and State Bank of India (SBI) have joined hands to form an IT company -- C-Edge Technologies -- with a start-up capital of Rs 40 crore. TCS will hold a 51 percent stake in the joint venture, while the balance 49 percent will be held by SBI, reports Our Mumbai Bureau.

C-Edge will be headed by Krishna Kumar, who was a banking consultant with TCS earlier. Both TCS and SBI will be equally represented in the company.

"We intend to provide implementation capabilities through this product, and take this to global levels in t

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