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The Latest Breaking News from Tata Consultancy Services

Inside Tata's empire as N. Chandrasekaran secures another five-year term

Tata Sons reappointed N. Chandrasekaran as chairman for another five years. The conglomerate's aviation business includes Air India and Air India Express. Tata Motors transformed into a global automotive group after acquiring Jaguar Land Rover. Tata Consultancy Services remains a significant contributor to dividend income. Tata Steel and Tata Power…

The Economic Times

Stocks in news: Biocon, Bank of Baroda, TCS, Sanofi India and Tata Capital

Indian equity markets hit a seven-week low on Tuesday, primarily due to escalating crude oil prices and geopolitical instability that swayed investor morale. Notably, Bank of Baroda announced plans to divest its interest in the NSE, while TCS secured a major contract. Other companies such as Sanofi India and Piramal…

The Economic Times

Tejas Networks bags Rs 1,537 crore BSNL 4G order from TCS

Tejas Networks secured a Rs 1,537 crore letter of intent from Tata Consultancy Services. This order is for supplying equipment for Bharat Sanchar Nigam Ltd's 4G mobile network. TCS had previously won a Rs 2,903 crore add-on purchase order from BSNL. This new order supports BSNL's indigenous 4G network rollout…

The Economic Times

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Fall of market leaders! How 6 Nifty giants trapped investors with negative returns for 5 years

Over the past five years, six prominent Nifty companies have reported negative returns. Tata Consultancy Services and Infosys struggle under the strain of evolving IT service landscapes. Hindustan Unilever has seen a dip in stock value driven by weak rural demand and intensified competition. Meanwhile, HDFC Life Insurance is grappling…

The Economic Times

Stocks in news: TCS, ICICI Bank, Hindustan Copper and Piramal Finance

The Indian equity markets experienced a downturn today, with the Nifty50 index finishing slightly above 24,200. Traders brace for heightened volatility amidst forthcoming US sanctions and the impending expiry of monthly futures and options. Key companies, such as Hindustan Copper and Tata Consultancy Services, are capturing market attention due to…

The Economic Times

TCS to acquire Porsche IT unit MHP for €320 million

Tata Consultancy Services will acquire Porsche AG's IT consulting subsidiary MHP for an enterprise value of €320 million. The acquisition is part of a wider strategic partnership that includes a five-year, €1.25 billion deal to deploy artificial intelligence across Porsche's engineering, manufacturing, operations and customer experience businesses.

The Economic Times

TCS secures €1.25 billion five-year strategic deal with Porsche

Tata Consultancy Services has secured a significant five-year deal worth €1.25 billion. This strategic agreement follows TCS' acquisition of MHP Management- und IT-Beratung GmbH. Porsche will partner with MHP and TCS to industrialize artificial intelligence across its operations. The partnership will also focus on delivering next-generation automotive technology services. This…

The Economic Times

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TCS joins European T20 Premier League as digital transformation partner

Tata Consultancy Services will partner with the European T20 Premier League. They will develop an AI-powered digital ecosystem for the new cricket league. This partnership aims to enhance fan engagement and live match experiences. Technology will be central to the league's audience and commercial strategy. The league's inaugural season is…

The Economic Times

Millions of stolen records allegedly dumped online by mystery "Hatman" hacker — McDonalds, Vodafone and more see Microsoft Azure records stolen

Some affected companies argue the data is years old and claim no breach in their systems.

TechRadar

Mcap of five of top-10 most valued firms erodes by Rs 1 lakh cr; TCS takes biggest hit

Last week witnessed a drastic shift in the market, with five leading Indian firms losing a collective Rs 1 lakh crore in valuation. Tata Consultancy Services faced the brunt, seeing its market cap plummet the most. In contrast, five other companies thrived, experiencing notable valuation gains. Despite this volatility, Reliance…

The Economic Times

M-cap of five of top 10 most valued firms jumps Rs 1.54 lakh cr; TCS biggest winner

Last week marked a significant uplift in the market valuation of five of the top 10 firms, appreciating by Rs 1.54 lakh crore. Tata Consultancy Services claimed the spotlight, boosting its valuation by Rs 72,072.3 crore. ICICI Bank and Reliance Industries also experienced notable increases. However, the tide turned for…

The Economic Times

Tata Consultancy Services plans up to 8,900 AI deployment engineers, seeks AI acquisitions

Tata Consultancy Services is building a large team of forward-deployed engineers. The company is also actively seeking artificial intelligence acquisitions. This strategy aims to create new business opportunities rather than disrupt outsourcing. TCS believes deep client knowledge is key to integrating and deploying AI systems. The firm is investing significantly…

The Economic Times

Dividends and stock splits: TCS, Dabur, MRF among nearly 100 stocks turning ex-date this week. Do you own any?

Nearly 100 stocks, including TCS, MRF and Dabur, will turn ex-date for dividends, stock splits and rights issues during the July 13–17 week. Investors must hold shares by record dates to qualify, with several high dividend payouts and multiple corporate actions lined up across sectors through the busy trading week…

The Economic Times

Rs 6 lakh crore wealth boost! Sensex rallies 828 points, Nifty closes above 24,200. 5 key factors behind D-Street rally

Indian stock markets experienced significant gains on Friday, with major indices closing higher. TCS reported strong first-quarter earnings, boosting sentiment across the information technology sector. Positive global market trends and resilient investor sentiment also contributed to the upward movement. Broader markets and various sectoral indices, including PSU banks and realty,…

The Economic Times

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The Economic Times

TCS announces interim dividend of Rs 12 per share. Check record date

Tata Consultancy Services announced an interim dividend of Rs 12 per share for shareholders. The IT major reported a 5% year-on-year profit increase for the first quarter. Its revenue from operations also saw a significant 14% rise during the same period.

The Economic Times

TCS shares dip 2% ahead of Q1 earnings today. What can shareholders expect?

Tata Consultancy Services shares declined as the company prepares to announce its first-quarter results. Analysts anticipate modest profit growth and weak revenue momentum for the IT bellwether. Demand for IT services remains soft due to economic uncertainty and client spending caution. Large deal ramp-ups and AI-led spending may offer some…

The Economic Times

Parag Parikh Flexi Cap increased stake in ITC, TCS, HCL Technologies, and 14 other stocks in June

Parag Parikh Flexi Cap Fund increased its holdings in ITC, TCS, HCL Technologies and 14 other stocks in June, while trimming exposure to Dr Reddy’s Laboratories and Maruti Suzuki India. The fund also added Petronet LNG as a new portfolio entrant and made no complete exits during the month.

The Economic Times

Nifty IT hits fresh 52-week low as Infosys, TCS, Wipro & others tumble up to 3%. What's spooking investors?

The Nifty IT index fell more than 2% to a fresh 52-week low on Tuesday as persistent inflation concerns and uncertainty over the US Federal Reserve's interest rate trajectory weighed on sentiment. Infosys, TCS, Wipro and other IT stocks declined up to 3%, with investors awaiting the sector's Q1 earnings…

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The Economic Times

TCS to take $70 million hit after US Supreme Court rejects appeal in trade secrets case

Tata Consultancy Services will book a $70 million charge in the first quarter of FY27. This follows the US Supreme Court's decision not to hear its appeal in a trade secrets case. The Indian IT giant's total financial exposure in this dispute now stands at $220 million. The company had…

The Economic Times

US Supreme Court rejects TCS appeal in $168 million trade secrets case

The U.S. Supreme Court has refused to hear Tata Consultancy Services' appeal. This upholds a $168 million award against Tata. DXC Technology had sued Tata for allegedly stealing trade secrets related to life-insurance software. A jury initially proposed $210 million. A judge reduced this to $168 million. The appeals court…

The Economic Times

2 TCS employees booked for abetment over colleague's ''suicide'', company says it is ascertaining facts

Pune police have filed a case of abetment to suicide against three individuals. This action follows the death of a 48-year-old employee of Tata Consultancy Services. The deceased's son filed the complaint. The employee allegedly died by suicide at his residence. A suicide note named colleagues for alleged harassment and…

The Economic Times

TCS forms business unit to help MNCs set up GCCs

Tata Consultancy Services has launched a new business unit, Global Value & Innovation Centres, to assist enterprises in establishing and managing global capability centres (GCCs). This unit will focus on creating "AI-native GCCs" and transforming existing ones, offering services across the entire lifecycle from strategy to AI-led operations.

The Economic Times

Infosys, Tech Mahindra, TCS and other IT stocks jump up to 5%. What’s driving the rally?

Indian IT stocks rose sharply on Monday, lifting the Nifty IT index nearly 3%, as investors reassessed AI-related fears, attracted by attractive valuations and upbeat sector outlooks. Optimism around potential US rate cuts and positive technical signals further fuelled buying in Infosys, Tech Mahindra, TCS and other IT majors.

The Economic Times

CUET-UG exam hit by delay after TCS technical glitch

Tata Consultancy Services reported a two-hour delay in the morning shift of the CUET-UG examination due to a brief technical issue. The problem was resolved, and the exam resumed with compensatory time, ensuring the integrity of the process. TCS is working with the NTA to ensure smooth conduct of future…

The Economic Times

Derek O'Brien cites Tata investments in Bengal after state BJP chief vows to 'bring back' the firm

TMC leaders have detailed the Tata Group's extensive operations and growth in West Bengal over the past 15 years. Companies like Tata Consultancy Services and Tata Hitachi are expanding their presence. Several Tata hotel brands operate in the state. This information counters recent remarks by the state BJP president about…

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