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The Latest Breaking News from TCS

India's Wipro opens AI centre for Anthropic's Claude in Bengaluru

Wipro has launched a new AI hub in Bengaluru. This centre focuses on Anthropic's Claude models. It aims to help businesses adopt AI more widely. Wipro will train thousands of employees. This move comes as AI impacts traditional IT services. Rival TCS also recently partnered with Anthropic for AI scaling.

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

Former Tech Mahindra executive Rajashree R joins VC firm Kalaari Capital

Former Tech Mahindra executive Rajashree R has joined venture capital firm Kalaari Capital, bringing nearly two decades of IT sector experience. Her move follows a trend of senior IT leaders seeking opportunities in startups and investment firms amidst industry shifts driven by AI disruption.

The Economic Times

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WTB Verdict TCS Light High Grip review: Awesome grip levels

Built using WTB's Tritec triple-compound, this is a tacky trail tyre with real bite on all surfaces

Cycling News

Indian IT firms step up Europe expansion as growth outpaces North America

Indian IT firms are increasingly focusing on Europe for growth, with a significant rise in new delivery centres and strategic investments. This shift is driven by client cost pressures and a surge in AI adoption, creating substantial opportunities for localised solutions and modernisation projects across the continent.

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 launches India's first Oracle AI Data platform lab in Kolkata

The facility at Delta Park Lords in Kolkata has been set up in collaboration with Oracle and will support customers in addressing challenges such as fragmented data systems, slow analytics cycles, limited AI scalability and operational inefficiencies, the IT major said.

The Economic Times

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Will AI-led tech unwinding pause Rs 60,000 crore FII selloff in Indian IT stocks?

Global markets are experiencing a tech selloff driven by AI fears, impacting Indian IT stocks with FIIs pulling Rs 60,000 crore. However, some analysts believe the sector is poised for recovery, arguing Gen-AI presents an opportunity rather than an existential threat. Valuations have become attractive, leading to upgrades for major…

The Economic Times

Zepto's market position; TCS' AI verdict at AGM

Zepto pulls ahead of Swiggy Instamart on orders, but heavy burn continues. This and more in today's ETtech Top 5.

The Economic Times

AI not a threat, but opportunity for IT services: TCS chairman N Chandrasekaran

Addressing the concerns that AI could reduce demand for traditional IT services, Chandrasekaran said the market has misunderstood the relationship between AI and technology services. "Far from being a mortal threat, AI is the most significant opportunity yet for TCS and, in fact, for the IT industry as a whole,"…

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

West Bengal's electronics factory push; Fed jitters hit TCS

West Bengal is exploring ways to expand electronics manufacturing under EMC 2.0. This and more in today's ETtech Top 5.

The Economic Times

TCS signs multi-million euro AI deal with Canada Life

Under the partnership, TCS will use its artificial intelligence and digital capabilities to manage and modernise Canada Life's data centres, core infrastructure, end-user computing systems and software lifecycle management, TCS said in a statement on Monday.

The Economic Times

TCS shares slip 2%, down 12% in 4 straight sessions. What’s triggering the decline?

TCS shares tumbled 2% Monday, extending a four-day loss to 12%, as rising U.S. bond yields fueled fears of further Federal Reserve rate hikes. This downturn, coupled with AI disruption concerns, has pushed the stock down over 32% this year. Experts advise caution, citing weakening momentum and a bearish trend,…

The Economic Times

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The Economic Times

F&O Talk: Nifty may consolidate further; Sudeep Shah's strategy on TCS, HDFC Bank, Infosys

Indian stock markets, Sensex and Nifty, closed lower following the RBI's hawkish stance, despite falling oil prices. Analyst Sudeep Shah anticipates a consolidation phase for Nifty, with key support at 23,100-23,050 and resistance at 23,550-23,600. Bank Nifty shows resilience, while IT stocks underperform.

The Economic Times

Wipro plunges 8% after shares turn ex-record date for Rs 15,000 crore buyback

Wipro shares fell sharply on Friday after turning ex-record date for its Rs 15,000 crore buyback, despite broader market gains in the early trading hours. The share buyback marks the first such action announced by the IT major in nearly three years. The Investor sentiment was also impacted by allegations…

The Economic Times

TCS case chargesheet: Victim says she was made to watch videos of Pakistani Islamic clerics

A chargesheet in a Nashik TCS case reveals an alleged orchestrated plan of sexual harassment and forcible conversion. Victims reported being shown videos of Islamic preachers and convinced that accepting Islam would reduce their mental stress. The accused allegedly exploited vulnerabilities under the guise of offering solace.

The Economic Times

Aditya Shah favors domestic growth themes, stays bullish on IT and infrastructure sector

Aditya Shah of Hercules Advisors identifies EPC companies with strong order books as key infrastructure opportunities, favoring players like Ahluwalia Contracts and PSP Projects. He remains constructive on IT despite AI concerns, highlighting TCS and HCL Tech for their dividend yields. Shah also sees value in ITC due to its…

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The Economic Times

Ahead of Market: 10 things that will decide stock market action on Thursday

Indian equities remained volatile amid IT sector weakness, global uncertainties and cautious investor sentiment. Analysts see key Nifty support near 23,200-23,000 and resistance around 23,750-23,800. Market participants will monitor technical levels, global cues, sectoral trends and stock-specific developments for direction.

The Economic Times

TCS shares crash 8%, log worst single-day fall since historic COVID plunge. More pain ahead?

Tata Consultancy Services (TCS) shares experienced their steepest single-day drop since March 2020, plummeting over 8% on Wednesday. This significant decline erased recent gains, with technical indicators suggesting a weakening trend and a potential further downside if key support levels are breached.

The Economic Times

Broader markets crash! Physicswallah, Coforge, other small & midcap stocks tumble up to 6%. Do you own?

Indian smallcap and midcap stocks plummeted on Wednesday due to persistent FII selling, a weakening rupee, and global factors. IT stocks, which had surged previously, saw a sharp selloff, with major players like TCS and Infosys dropping significantly. Analysts point to energy shocks and current account deficit concerns impacting market…

The Economic Times

TCS, Infosys, other IT stocks crash up to 7% after 3-day rally. What top brokerages are saying?

IT stocks, including TCS, Infosys, HCL Tech, Wipro and Tech Mahindra, fell sharply on Wednesday, following a three-day rally. Despite AI-related disruption concerns, brokerages such as CLSA, Nuvama and Choice Institutional Equities remain optimistic, citing resilient earnings, strong order books and expanding enterprise AI opportunities.

The Economic Times

India leading the pack in AI adoption: Microsoft’s Puneet Chandok

India is leading Copilot's rapid adoption, with a 250% year-on-year growth in deployment. Major IT firms like Infosys, TCS, and Wipro are scaling licenses to over 100,000 employees each, signalling a shift towards AI as an operating model. Banking and manufacturing industries in India are also deploying agents in a…

The Economic Times

Oyo readies market debut; IT's comeback rally

Oyo's IPO plans are back on track after securing the regulator's nod. This and more in today's ETtech Top 5.

The Economic Times

Market wrap: Sensex rises 383 points, Nifty closes near 23,500 as IT stocks shine

Indian stock market staged a sharp recovery, with Sensex and Nifty erasing morning losses to snap a four-session losing streak, led by a strong surge in IT stocks including heavyweight TCS, Infosys, HCL Tech and Tech Mahindra.

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