Tata Consultancy Services Ltd News

Tata Consultancy Services inks multi-year AI transformation deal with SKF

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

AI deals are rising, but earnings lag: What lies ahead for Indian IT stocks

Indian IT stocks have fallen up to 34 per cent in 2026 as AI disrupted outsourcing model. Analysts remain cautious on FY27 outlook. They prefer TCS, Infosys, HCLTech, Coforge

Eyeing dividend? Check out TCS, LTM, GPT Infra, 6 other stocks today

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

Dividend stocks: TCS, Bajaj Auto, ITC, LTM, 14 others go ex-date next week

Among the companies, Bajaj Auto has announced the highest final dividend of ₹150 per share, with May 29, 2026, fixed as the record date

TCS rolls out average salary hikes of 6-8% for employees in India

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

Nifty IT rebounds, up 4% in two days; analyst sees short-term upside

The Nifty IT index has corrected 27 per cent on a Y-T-D basis, in comparison, the Nifty 50 index has declined 9.5 per cent in the same period.

TCS CEO K Krithivasan's remuneration rises 6% to ₹28.1 crore in FY26

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

What's fueling the rally in IT stocks today? Analyst explains

The Nifty IT index has underperformed the markets in 2026 so far and emerged as top sectoral loser as well. As per data, the index has corrected 26 per cent on Y-T-D basis.

Oracle Financial Services bucks IT rout in CY26; rises 16% while peers fall

Analysts believe OFSS's outperformance is underpinned by relatively sustainable revenue growth, sharp margin expansion, operating leverage, and AI-driven productivity gains

Nifty IT index tanks 7% in 4 days; TCS, Infy, HCL, LTM hit fresh 52-wk lows

In 2026 so far, TCS, Infosys, HCL Tech, Tech Mahindra, and Wipro have declined in the range of 17 per cent to 33 per cent. In comparison, the Nifty 50 index has dived 10 per cent, data showed.

Nifty IT index slumps 3% as OpenAI announces launch of Deployment Company

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

Infosys, HCL Tech fall below March lows; tech charts flag warning sign

Anand James, chief market strategist at Geojit Investments highlights that Infosys and HCL Technologies look weak on charts as both were trading below March lows and the lower-end of Bollinger Bands.

Nifty IT dives 4% amid sharp sell-off; Infosys, LTM, Coforge worst-hit

LTIMindtree was the top loser, down nearly 6 per cent, followed by Coforge, Infosys, and Mphasis, falling over 5 per cent each

No complaints received regarding alleged issue on POSH channels: TCS

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

TCS offers work from home option to employees at its Nashik centre

TCS allows work-from-home at its Nashik centre after harassment allegations trigger arrests and a police probe into workplace safety concerns

TCS, HCLTech, Wipro, Infosys, Mphasis: Why did Nifty IT rise 3% today?

Individually, Oracle Financial Services Software rallied 4.4 per cent, followed by TCS, Wipro, Persistent Systems, Infosys, Mphasis and LTIMindtree up over 2 per cent

What TCS's FY27 hiring plan tells about shifting fresher model in Indian IT

Is this a temporary slowdown driven by demand uncertainty, or the beginning of a structural change in how large IT firms build their workforce in the age of AI?

Zero tolerance on coercion, misconduct: Tata Sons chairman Chandrasekaran

Tata Sons chairman N Chandrasekaran reaffirmed a zero-tolerance policy on misconduct after sexual harassment allegations at TCS Nashik, with action initiated

Headwinds may be past us, FY27 to be better: TCS CEO K Krithivasan

Krithivasan discusses growth prospects for FY27, the perceived threat from artificial intelligence tools, and hiring trends

TCS' FY27 starts with 25,000 fresher offers, the lowest since FY20

TCS rolls out 25,000 fresher offers for FY27, its slowest start in years, as AI-led skill gaps and cautious hiring reshape campus recruitment trends