Tata Consultancy Services (TCS): News
Indian IT firms shifting to AI—focusing on integration, not invention
India's leading IT companies are transforming into artificial intelligence (AI)-native firms, prioritizing high-margin applications and integration over capital-intensive foundational research.
Market cap of India's top 9 firms up ₹2.34L crore
Nine of India's top 10 companies added a whopping ₹2.34 lakh crore to their market capitalization last week.
Why Reliance isn't interested in making its own AI chips
Mukesh Ambani, the Chairman of Reliance Industries Limited (RIL), has clarified his company's approach to artificial intelligence (AI) in a recent interview with McKinsey & Company.
After TCS, Cognizant gets 21 acres in Andhra for 99p
The Andhra Pradesh government has given 21.31 acres of land to IT giant Cognizant at a nominal price of 99 paise.
TCS introduces new associate deployment policy: How it affects employees?
Tata Consultancy Services (TCS), India's largest IT services provider, has introduced a new associate deployment policy.
Market cap of India's top 8 companies down ₹1.65L crore
The combined market capitalization of eight out of the top 10 most valued companies in India has fallen by a whopping ₹1.65 lakh crore last week.
Market cap of India's top 10 companies jumps ₹1L crore
The market capitalization of nine out of the top 10 most valuable companies in India increased by a whopping ₹1,00,850.96 crore last week.
M-cap of 4 top-valued firms jumps ₹1L crore, LIC leads
The combined market capitalization of the four top-10 companies increased by ₹1.01 lakh crore this week.
AI agents will now work alongside humans at TCS
Tata Consultancy Services (TCS) is set to transform its workforce by introducing a large number of artificial intelligence (AI) agents.
India's top 6 firms lose ₹78,000cr in market cap
The cumulative market valuation of six of the top 10 firms in India took a massive hit last week. The total loss stood at ₹78,166.08 crore.
Top 8 Indian firms lose ₹1.6L crore in market value
The total market capitalization of eight of India's top 10 most valuable companies witnessed a massive decline last week, losing a whopping ₹1.60 lakh crore.
Worrying: Indian IT sector reports 1st revenue decline since 2020
Indian technology firms had a tough March quarter, with many of the top ones involved in IT services reporting a fall in revenue.
TCS cuts variable pay for senior staff again: Report
India's top software exporter, Tata Consultancy Services (TCS), has announced a cut in the Quarterly Variable Allowance (QVA) of its senior employees, according to Moneycontrol.
Market cap of top 6 firms surges by ₹1.19L crore
In the last week, six of India's top 10 firms saw a massive surge in their market capitalization (m-cap) by ₹1,18,626.24 crore.
TCS promotes 1.1L employees, plans to hire 42,000 trainees
Tata Consultancy Services (TCS) has announced promotions for over 1.1 lakh employees in FY25.
Market cap of India's top 9 firms down ₹3L crore
The cumulative market cap of nine of the top 10 most valued companies in India witnessed a massive decline of ₹2.94 lakh crore last week.
Market cap of India's top 8 firms jumps by ₹88,000cr
In a recent surge, the total market valuation of eight out of the 10 most-valued companies in India jumped by ₹88,085.89 crore.
Indian IT stocks downgraded by 30%: Here's why
Goldman Sachs, a leading global brokerage firm, has cut target prices for Indian IT stocks by 3%-32%.
5 most valued Indian firms lose over ₹93,000cr in m-cap
The cumulative market capitalization of five of the top 10 most valued firms in India has eroded by ₹93,357.52 crore.
Nifty IT index enters bear market—What investors need to know
The Nifty IT index entered bear market territory on Wednesday, after a steep 4% fall to hit a 8-month low of 35,988 points.
Market cap of India's top 7 firms soars ₹2.1L crore
The cumulative market capitalization of seven of the 10 most valued companies in India rose by ₹2,10,254.96 crore last week.
Indian IT firms cutting bench sizes to boost revenue
Leading Indian IT firms, including TCS, Infosys, Wipro, HCLTech, and Accenture have been trimming bench sizes over the last year.
'Too vague': Infosys responds to Cognizant's trade secret theft allegations
Infosys has reiterated its allegations against Cognizant, calling its claims of trade secrets theft 'too vague' in a case related to the latter's healthcare software, TriZetto.
Market cap of top 8 Indian firms drops ₹3L crore
The cumulative market valuation of eight of the top 10 most valued firms in India took a major hit last week, losing ₹3,09,244.57 crore.
'Men are lonely..': TCS employee dies by suicide, blames wife
Manav Sharma, an employee of Tata Consultancy Services (TCS), died by suicide at his Agra residence earlier this week.
Top 8 Indian firms lose ₹1.65L crore in market valuation
Eight of India's top 10 most valued firms saw a massive drop in their cumulative market valuation last week, losing ₹1.65 lakh crore in total.
TCS accused of visa fraud by ex-employee: Here's what happened
Tata Consultancy Services (TCS), a top Indian IT giant, is facing allegations of visa fraud and manipulation of US labor laws and H-1B visa regulations.
TCS salary hike: What increase can employees expect in 2025?
India's top IT services firm Tata Consultancy Services (TCS) is gearing up to roll out its annual salary hikes for FY25 in March.
Market value of India's top 8 firms drops ₹2L crore
The combined market capitalization of eight of the 10 most valuable Indian companies, took a massive hit last week.
India's top 6 firms add ₹1.18L crore to market cap
Six of India's top 10 most valued companies saw their combined market valuation jump by a whopping ₹1.18 lakh crore last week.
TCS reduces variable pay for senior staff again
India's largest software exporter Tata Consultancy Services (TCS) has reportedly slashed the quarterly variable pay of its senior employees.
Hexaware planning India's biggest IT services IPO, might raise ₹8,750cr
Hexaware Technologies, a company backed by US private equity giant Carlyle, is gearing up to launch its initial public offering (IPO).
4 top Indian firms lose ₹1.25L crore in market valuation
Four of India's most valued companies, including Reliance Industries, saw their combined market valuation plummet by a whopping ₹1.25 lakh crore last week.
AI will create more jobs, not eliminate them: TCS CEO
Tata Consultancy Services (TCS) CEO, K Krithivasan, has said that artificial intelligence (AI) could actually create more jobs.
India's top 6 companies lose ₹1.71L crore in market value
Six of India's 10 most valued companies saw a massive decline in their combined market valuation last week.
Top 5 Indian firms lose ₹1.85L crore in valuation
The total market capitalization of five of India's top 10 companies, including HDFC Bank, Reliance Industries, ICICI Bank, State Bank of India (SBI), and ITC, fell sharply last week.
TCS Q3FY25 profit surges by 12% to ₹12,380 crore
Leading Indian IT firm Tata Consultancy Services (TCS) has posted a 12% rise in its consolidated net profit for the December quarter.
Tata Sons ends financial support for new group companies: Report
Tata Sons, the principal investment holding company of the Tata Group, has announced that it will no longer extend debt support to its new ventures like Tata Digital, Tata Electronics, and Air India, according to The Economic Times.
Indian tech firms secure 20% of US H-1B visas: Report
Indian-origin tech companies have bagged nearly 20% of all H-1B visas issued by the US, a recent analysis of data from the US immigration department has found.
Six top Indian firms add ₹86,848cr to market cap
Six of India's most valued companies have together added a whopping ₹86,848 crore to their market capitalization last week.
Tata Group plans to create 500,000 jobs in 5 years
Tata Group, led by Chairman N Chandrasekaran, has announced ambitious plans to create half a million jobs over the next five years.
Tata Capital initiates $2B IPO process
Tata Capital, the financial services arm of the Tata Group, has started preparations for a $2 billion initial public offering (IPO).
IT sector: CEO pay surges 160%, freshers see 4% growth
The pay of Chief Executives at India's top five IT firms has surged by a whopping 160% in the last five years, data analyzed by Moneycontrol revealed.
Top 6 Indian companies add ₹2L crore to market cap
The cumulative market valuation of six of the top 10 most-valued Indian companies, saw a major jump last week.
Market cap of India's top 8 companies up ₹1.5L crore
Eight of India's top 10 most valued companies saw a major jump in their combined market capitalization last week, adding ₹1.55 lakh crore to their valuation.
India's top 6 firms lose ₹1.55 lakh crore in m-cap
Six of India's top 10 most valuable companies witnessed a massive erosion in market valuation last week, to the tune of ₹1.55 lakh crore.
TCS cuts bonus pay by 40% on tepid business demand
Tata Consultancy Services (TCS), India's largest IT services company, has slashed the quarterly bonuses of its senior staff, as per a report by Moneycontrol.
TCS signs 15-year deal to digitize Ireland's pension system
Tata Consultancy Services (TCS) has won a 15-year contract to digitally transform the pension system of Ireland.
TCS, NVIDIA join forces to accelerate AI adoption across industries
Tata Consultancy Services (TCS) has announced a strategic partnership with NVIDIA, the world's leading AI chipmaker.
NVIDIA CEO praises India's AI potential, signs deal with Reliance
NVIDIA's CEO Jensen Huang has predicted a massive growth in India's computing capabilities.
Market cap of 4 of India's most-valued firms surges ₹81,151cr
Four of India's top 10 most valued companies saw their combined market capitalization skyrocket last week.
TCS Q2 FY25 profit dips to ₹11,909 crore, misses estimates
India's top IT service giant Tata Consultancy Services (TCS) has posted a marginal decline in its net profit for the second quarter of FY25.
TCS fires woman who accused manager of sexual harassment
Tata Consultancy Services (TCS) has sacked a woman, who had filed a sexual harassment complaint against her manager five years ago.
Tech firms, start-ups resume hiring after months of mass layoffs
After a hiring freeze of 12-18 months, Indian technology companies and start-ups are back on the lookout for talent.
Nine of India's top 10 firms lose ₹4.75 lakh crore
Nine out of India's 10 most valuable companies experienced a significant drop in their market valuation last week, with a total loss amounting to nearly ₹4.75 lakh crore.
Market cap of India's top 6 companies climbs ₹1.97L crore
Six of India's top 10 most valued firms, experienced a significant increase in their combined market valuation last week, adding ₹1.97 lakh crore to their worth.
TCS partners with McDonald's Philippines to digitize over 760 outlets
Tata Consultancy Services (TCS), India's leading IT services provider, has inked a two-year contract with McDonald's Philippines.
Market cap of top 9 companies jumps ₹2L crore
Nine out of the top 10 most valued Indian companies, experienced a significant increase in their market capitalization last week.
Why thousands of TCS employees have received tax demand notices
A significant number of Tata Consultancy Services (TCS) employees have received tax demand notices from the Income Tax Department.
Market cap of India's top 8 firms down ₹2L crore
Eight of India's top 10 most valued companies, saw a significant decrease in their combined market valuation last week.
TCS and Google Cloud partner to launch AI-backed cybersecurity tools
Tata Consultancy Services (TCS), a leading IT firm, has announced an expansion of its collaboration with Google Cloud.
TCS shares have turned ₹5,950 into ₹1.25L in 20 years
Tata Consultancy Services (TCS), a leading global IT services provider, has marked its 20th year of listing on the Indian stock market.
Top 9 Indian firms add ₹95,522 crore to market valuation
Nine of India's top 10 most valued firms witnessed a significant increase in their combined market valuation last week.
Market cap of India's top 7 firms up ₹1.4L crore
Seven of the most valued companies in India, witnessed a significant increase in their combined market valuation last week.
Market turbulence wipes out ₹1.66L crore from top Indian firms
The past week has been marked by significant market volatility, resulting in a substantial decrease in the combined market valuation of India's leading companies.
India's top 8 companies lose ₹1.28L crore in market cap
Eight of India's top 10 most valued firms, witnessed a significant drop in their market capitalization (mcap) last week, resulting in a combined loss of ₹1.28 lakh crore.
Mcap of 6 top-valued companies in India skyrockets ₹1.85L crore
The combined market capitalization (mcap) of six out of the top 10 valued firms in India, experienced a significant increase last week, soaring by ₹1,85,186.51 crore.
Market cap of top 8 Indian companies surges ₹2.1L crore
The combined market capitalization (m-cap) of eight out of the top 10 most valued firms in India saw a significant increase last week, with a jump of ₹2,10,330.26 crore.
TCS wants to become 'AI-first' TCS: Decoding what it means
Tata Consultancy Services (TCS), India's leading software firm, is set to incorporate artificial intelligence (AI) into its operations.
TCS hits pre-pandemic work attendance levels after 18 months
Tata Consultancy Services (TCS), India's largest IT services exporter, has reached pre-pandemic levels of employees working from offices.
M-cap of top 10 firms jumps ₹1.72L crore, TCS leads
The combined market valuation of seven out of the top 10 most valued Indian firms, experienced a significant increase last week, with a total jump of ₹1.72 lakh crore.