TCS

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 ...

Job losses, reduced asset values, increased inflation can have many long term impacts on the morale and the social fabric that will be hard to predict

Top IT firms see net hiring decline in FY26 as AI-led shifts, weak demand, and global uncertainties slow recruitment and dampen fresher hiring outlook

Business Standard analyses data to show how businesses have fallen short in enforcing the legal guidelines effectively over the years

Recent controversies show companies struggle to embed acceptable conduct into culture

Higher corporate profits lifted CSR spending, with more firms meeting or exceeding mandated outlays even as some funds remained unspent and were moved to designated accounts

On Friday, the Maharashtra ATS took custody of two accused, Safi Shaikh and Raza Memon, in the alleged forced conversion case linked to Nashik Tata Consultancy Services

Company initiates independent probe with Deloitte and Trilegal; sets up board-level oversight as it reviews allegations at Nashik unit

Maharashtra minister and BJP leader Nitesh Rane on Thursday claimed the emergence of "corporate jihad" in the state, and said giving preference to hiring only Hindu candidates was the "need of the hour" to prevent "jihadist activities". His remarks were in reference to the alleged attempts to religious conversion and sexual harassment that have surfaced in a BPO unit of the Tata Consultancy Services (TCS) in Nashik. Police have arrested eight employees of Tata Consultancy Services (TCS), including seven men and a female operations manager. Another female employee is absconding. The National Commission for Women on Wednesday said it has set up a fact-finding committee to probe the alleged incidents of sexual harassment of employees. Referring to the TCS case in Nashik, Rane alleged that jobs were being misused as a tool for religious conversion. "If every platform, from trade to corporate offices, is used to target Hindus through various forms of jihad, it is time for a firm respons