Kunnumal replaces Milind Lakkad, who is stepping down upon his superannuation
Among individual IT stocks, Infosys slipped over 5 per cent in intraday deals on Wednesday, after Morgan Stanley downgraded the stock to 'equal weight', and preferred TCS.
The Nifty IT index hit its lowest level since June 28, 2024, and has declined 17% thus far in the calendar year 2025, as compared to 5% decline in the Nifty 50.
The acquisition is focused on acquiring the land and building of Darshita to expand TCS's delivery centre
IT stocks were seen trading in oversold zones at current levels; despite this technical charts suggest that Infosys, TCS, HCL Technologies and Tech Mahindra could slip up to 13% from here on.
US markets ended sharply lower on Monday as fear mounted that the US economy could be careening into a recession. Nasdaq Composite plunged 4 per cent
Under the factoring arrangement, Tata Steel discounts its sales receivables with Tata Capital (TCL) arising from goods sold on credit to customers
Less than 15-25 per cent of all use cases going into production
The IT sector is witnessing weaker deal momentum and cautious client spending, according to analysts
Over the past 12 years, TCS has partnered in DNB's innovation and transformation journey, delivering a wide range of digital solutions
In past two days, TCS was down 4% to Rs 3,624.90 on fears of a slowing US economy and trading close to its 52-week low of Rs 3,593.30 touched on June 4, 2024.
Technical outlook on Nifty IT, large-cap technology stocks: The IT index along-with Infosys, TCS, HCL Technologies, Tech Mahindra and Wipro look poised for further losses from present levels.
Tata Consultancy Services (TCS) on Thursday announced a new collaboration with Salesforce to help customers in the manufacturing and semiconductor industries drive value from artificial intelligence. As part of this collaboration, TCS launched three initiatives. These include Semiconductor Sales Accelerator for increasing sales with data-driven insights; Seller for the Future for providing near real-time insights, predictive analytics, and personalised recommendations; and Digital Field Service to equip technicians on field with real-time information, predictive maintenance insights, and optimised scheduling. "The collaboration will leverage the combined industry expertise, AI, and cloud capabilities of TCS and Salesforce to help manufacturers and semiconductor chipmakers to unlock data-driven insights for smarter selling and exceptional service," according to a release. One of the key challenges for organisations in their AI adoption journeys is to unlock the true value of their ..
TCS hit Rs 3,780.65, its lowest level since June 20, 2024, in Wednesday's intra-day trade; it is quoting lower for the third straight day, falling 4 per cent during the period
TCS has firmly rejected the accusations, saying, 'we strongly refute these inaccurate allegations by former employees, which have previously been dismissed by multiple courts'
TCS is seen testing its 20-month moving average for the first time in 21 months, a monthly close below the same shall open the doors for a slide towards Rs 3,170 levels; suggests technical chart.
A large portion of the dip is attributed to the over 10 per cent correction in ITC (Rs 11,863 crore), Larsen & Toubro (Rs 6,713 crore) and State Bank of India (Rs 5,647 crore) shares, thus far in CY25
Says IT firm misrepresented job roles to send more employees
NSE, Bharti Airtel storm into top 10 for the first time in Axis Bank's Burgundy Private and Hurun India list; Motilal Oswal Financial Services was the fastest-growing company, the report suggests.
TCS will implement its flagship platform, TCS BaNCS for Market Infrastructure, alongside Quartz, to enhance MCD's Clearing, Settlement, and Depository services