TCS

The Nifty IT index slumped 5.6 per cent, its steepest fall in four months, as concerns over AI-driven revenue deflation weighed on investor sentiment

The statements come after candidates at several examination centres reported disruptions during the morning shift of the entrance test

TCS will leverage Mistral Forge to build custom AI models for enterprises across BFSI, manufacturing, healthcare and the public sector

The country's largest IT services company TCS on Wednesday announced that it has bagged a multi-year deal from Swedish bearings maker SKF. The financial details were not shared, but people in the know called it a multi-year, multi-million dollar engagement. The deal, which comes at a time when concerns are being raised about the IT sector story following the advent of AI, involves modernisation of SKF's existing IT landscape. TCS will enable SKF to build a future-ready digital enterprise, leveraging AI to reimagine industrial manufacturing business, a statement said. The Indian IT major will provide end-to-end managed services across applications, infrastructure, data, end-user services, security, and connectivity for SKF across the globe. "Together, we are applying data-driven intelligence and AI to create an agile enterprise that can adapt to technological and market change while supporting long-term sustainable growth and competitiveness," TCS' chief executive and managing dire

Technology giants Infosys Ltd. and Tata Consultancy Services Ltd. are among companies carrying out the tests of their software for vulnerabilities in a secure environment to Mythos

Shares of LTM, Siyaram Silk Mills, Tata Consumer Products, and Tata Consultancy Services will also remain in focus today as they trade ex-dividend

Nashik police on Friday filed the first charge sheet in connection with the alleged instances of sexual harassment, exploitation and religious conversion at the TCS unit here. The Special Investigation Team of the police filed the 1,500-page charge sheet before the sessions court in a case registered at Deolali Camp police station against Danish Ejaz Sheikh, Tausif Bilal Attar, Nida Ejaz Khan and Matin Majid Patel. Police have arrested a total of eight persons in nine FIRs. Matin Patel, a corporator of the AIMIM, is accused of harbouring Nida Khan at his house in Chhatrapati Sambhajinagar when she was absconding. The charge sheet invoked Bharatiya Nyaya Sanhita (BNS) sections 61(2) (criminal conspiracy), 64 (rape), 68 (sexual intercourse by a person in authority), 69 (sexual intercourse by employing deceitful means), 46 (abetment), 75 (sexual harassment), 318 (4) (cheating), 299 (hurting religious feelings), 249 (harbouring offender) along with provisions of the Scheduled ...

High performers, employees in the top-rated A+ category, have received hikes of more than 10 per cent, the sources added

The country's largest IT firm TCS aims to become the world's largest AI-led technology services company, with 130 of its top 139 clients already choosing it as their AI services partner, CEO and Managing Director K Krithivasan said. In his letter to shareholders in the company's Annual Report for 2025-26, Krithivasan noted that FY26 marked an "inflection point" for enterprise AI, as customers decisively moved from experimental pilots to scaled deployments. "To realise the opportunities offered by AI, we set out a bold aspiration to become the world's largest AI-led technology services company. Our strategy to realize this aspiration, is to be a full-stack AI services player from Infrastructure to Intelligence," Krithivasan wrote. He highlighted that 130 of TCS' top 139 clients - those generating over USD 50 million in annual revenues - have selected the company as their AI services partner. To support this massive technological shift, TCS has aggressively upskilled its workforce. .

TCS chief executive officer K Krithivasan's remuneration rose to ₹28.1 crore in FY26, while the company said employee salary increases remained aligned with market trends

Indian IT stocks fell sharply after OpenAI's acquisition of consulting firm Tomoro intensified concerns over AI-led disruption to traditional IT services models

Nifty IT index has fallen nearly 25 per cent year-to-date, compared with an 8.85 per cent decline in the benchmark Nifty50

The case has attracted nationwide attention as it involves India's top software-services exporter, which has annual revenue of $30 billion and is part of the salt-to-aviation Tata Group

Maharashtra Minister Sanjay Shirsat on Saturday launched a fresh attack against AIMIM leader Imtiaz Jaleel, alleging that the latter had pressured his party corporator to harbour Nida Khan, an accused in the TCS sexual harassment and religious coercion case. Talking to reporters here, Shirsat, a Shiv Sena leader who is also the guardian minister of Chhatrapati Sambhajinagar, said he has written to Chief Minister Devendra Fadnavis, demanding that those who had provided shelter to Khan and her family members should also come under the SIT scanner. Weeks after she went into hiding, Khan, an accused in a case related to alleged religious conversion and sexual harassment of some women colleagues at a TCS unit in Nashik, was apprehended from a house in Chhatrapati Sambhajinagar on Thursday. AIMIM corporator Matin Patel allegedly harboured Khan and her family in the city, the police said. ''The details emerging from the (TCS) case are shocking. Nida Khan first went to Mumbra, and later, .

Nida Khan, an absconding TCS employee accused in a case of alleged religious conversion and sexual harassment at the company's Nashik unit, was arrested in central Maharashtra's Chhatrapati Sambhajinagar with police claiming that a local AIMIM corporator had provided her shelter. Following her arrest on Thursday, she was produced before the Nashik Road sessions court on Friday. The court remanded her in police custody till May 11. After her name figured in a First Information Report registered at Deolali Camp police station, Khan (27) had moved the sessions court last month seeking anticipatory bail, pleading innocence and citing her three months pregnancy. Rejecting the plea on May 2, the court had said there seemed to be a "systematic plan" of brainwashing the victim. Reacting to the development, Maharashtra Chief Minister Devendra Fadnavis said it was clear that the AIMIM had a role to play in sheltering Nida Khan. "We will find out who was behind it. We will also find out wheth

Nashik TCS sexual harassment and religious coercion case accused Nida Khan was held on Thursday in Chhatrapati Sambhajinagar, a police official said here. She was held with the help of Chhatrapati Sambhajinagar police and the crime branch of that city, Nashik police commissioner Sandeep Karnik informed. Khan is an accused in the Deolali Camp police station crime register number 156/26 here, he said. The Special Investigation Team (SIT) of the Nashik police is probing nine cases of molestation and harassment at the IT major's Nashik unit. It had arrested eight persons, including a female operations manager, by registering nine FIRs after allegations of exploitation, attempt of forceful conversion, hurting religious sentiments, molestation and mental harassment of female employees at the TCS unit came to light. The SIT had launched a search for Khan in different parts of Maharashtra. She is accused of targeting employees in a WhatsApp group, pressuring them to pray and eat ...

Economic uncertainty, slower growth and pressure on margins are prompting IT services firms to delay salary hikes and offer lower increments, impacting employee morale across the sector

The selloff in stocks has deepened since Tata Consultancy Services kicked off earnings on April 9, with nearly $115 billion now wiped off the value of the IT gauge over four months

India's top five IT majors -- TCS, Infosys, HCLTech, Wipro, and Tech Mahindra -- closed FY26 at a critical inflection point, navigating a structural reset driven by macroeconomic headwinds, West Asian geopolitical risks, and the dual-edged sword of Artificial Intelligence (AI). Earnings analyses reveal a sector transitioning rapidly away from traditional effort-based delivery. AI-driven productivity is causing revenue deflation in legacy services. However, this near-term compression is being offset by a multi-billion-dollar surge in new AI-native engagements, prompting a decisive shift in client priorities from sheer scale to modular, outcome-driven contracts. This paradigm shift is starkly reflected in mixed FY27 outlooks and evolving talent metrics. While TCS and Infosys signalled that the worst macro headwinds are receding, peers like HCLTech and Wipro flagged continued volatility and soft discretionary spending. "AI may cause about 2-3 per cent annual deflation in traditional IT

The combined market valuation of seven of the top-10 most-valued firms eroded by Rs 2 lakh crore last week, with Tata Consultancy Services and Reliance Industries emerging as the biggest laggards, in-tandem with a bearish trend in equities. Last week, the BSE benchmark Sensex tanked 1,829.33 points, or 2.33 per cent, and the NSE Nifty dropped 455.6 points, or 1.87 per cent. "Markets ended lower after two consecutive weeks of gains, weighed down by heightened geopolitical tensions and weak earnings commentary from IT majors," Ajit Mishra -- SVP, Research, Religare Broking Ltd, said. Global developments continued to dominate market direction, with ongoing uncertainty around the West Asia crisis and concerns over supply disruptions keeping crude oil prices elevated, he added. The combined market valuation of seven of the top-10 most valued firms dropped by Rs 2,05,343.06 crore. The market valuation of Tata Consultancy Services (TCS) tumbled Rs 66,699.44 crore to Rs 8,67,364.12 ...