Page 4 - Tata Consultancy Services Ltd News

$100K H-1B visa fees add to TCS' woes; firm second-biggest beneficiary

Tata Consultancy Services could be among the worst hit by Trump's new visa fee targeting foreign tech workers

Nifty IT index up 1.7% on Fed cuts; sell the rally or buy the dips?

US Federal Reserve cut interest rates by 25 basis points and pencilled in two more reductions this year

TCS announces deal with ARN Media to modernise technology, business ops

Tata Consultancy Services (TCS) on Tuesday announced a multi-year deal with ARN Media, counted among Australia's leading audio-led entertainment companies, to transform its technology and business operations by leveraging its domain expertise in the media and entertainment industry. TCS uses its global delivery capabilities and expertise in the communications and media industry to deliver technology, media, and finance operations services for ARN Media. This includes the design, development, and maintenance of enterprise and corporate applications, IT infrastructure support, end-user helpdesk and service management. Drawing on its expertise in operating model transformation, TCS will streamline ARN Media's IT operations by rationalising the application portfolio and implementing consolidation and automation enablers tailored to the needs of ARN Media, the Tata Group company said in a release. "Tata Consultancy Services...has announced a multi-year partnership with ARN Media, one of

After Infosys, TCS, Wipro may follow with buyback amid stock rout: Analysts

Infosys will repurchase 100 million shares at an average price of ₹1,800 per share, a 19.3 per cent premium to its closing share price of ₹1,509.50 on Thursday

TCS launches chiplet-based services to boost semiconductor innovation

These services are intended to help semiconductor firms create faster and more efficient chips, while also making next-generation chip design more accessible to customers

Nifty IT index rallies 6% in 2 days; Infosys soars 7% on buyback plan

The Nifty IT Index has underperformed the broader markets in the last 3 months and 6 months, owing to macro uncertainties

TCS & CEA of France sign agreement to collaborate in Physical AI research

TCS has partnered with French research institute CEA to co-develop Physical AI solutions combining robotics and AI to boost efficiency, resilience, and automation

TCS to manage Odisha govt's AI-enabled integrated financial system

Tata Consultancy Services (TCS) has partnered with the Odisha government to design and implement Integrated Financial Management System (IFMS) 3.0. The company has been working with the state government since 2005, beginning with the integrated Odisha Treasury Management System. This collaboration progressed through the implementation of IFMS, followed by IFMS 2.0, culminating in the launch of IFMS 3.0 the third generation of the solution, TCS said in a statement. As part of this programme, TCS will also implement its AI Workbench, an open-source solution designed to support AI/ML projects in designated operational areas, including model development, monitoring, and retraining, it said. This enables IFMS 3.0 to apply analytics and machine learning to decision-making and operational processes, with features such as multilingual chatbot interactions to enhance user experience. The assistant is developed to address FAQs, automate service desk procedures, and carry out functional tasks

IT stocks slide as misquoted tweet sparks confusion; what really happened

Nuvama, in a recent report, upgraded the IT sector to 'Overweight' from 'Underweight', noting that the space has largely become a trading and relative valuation call

Stocks to Watch today: TCS, Adani Power, JSW Cement, BHEL, PNC Infratech

Stocks to Watch today: TCS, Adani Power, JSW Cement, PNC Infratech, DCM Shriram, Aarti Industries and BHEL are among the stocks to watch today, September 03, 2025

TCS extends partnership with Tryg in 7-year deal worth Rs 5,695 crore

TCS has signed a €550 million, seven-year extension of its partnership with Scandinavian insurer Tryg to simplify IT operations, drive digital transformation and boost efficiency

TCS announces 4.5-7% salary hikes, double-digit for top performers

TCS has resumed salary hikes with 4.5-7% raises for most staff and double-digit increments for top performers after delaying its annual review amid macroeconomic challenges

IT firm TCS receives $644 million order from Scandinavian insurer Tryg

Mega deals, which are typically worth more than $500 million, are key revenue drivers for IT services companies

TCS announces 4.5 to 7% salary hike for most employees from Sept 2025

Country's largest IT services company TCS has rolled out salary hikes in the range of 4.57 per cent for a majority of its employees, sources said on Tuesday. The Tata group company has started sending the letters of increment to the employees from late Monday evening, and the increments will be applicable from September, they said. An official response to an email query sent to the company was awaited. It can be noted that there has been a slew of headlines on the Human Resources front over the last two months, starting with an announcement to defer pay hikes amid hazy market conditions. This was followed up with a surprise announcement to axe 2 per cent of the workforce, or around 12,000 employees, and then came an announcement of pay hikes for 80 per cent of the employees. As per media reports, most of the employees eligible for the hike were in the lower to mid levels of the hierarchy. The sources said the well performers have been given pay hikes of over 10 per cent as well.

Why did Nuvama downgrade BFSI, upgrade IT & Reliance Ind? Find out here

According to the Nuvama report, the deflationary impulse from tariff-driven global slowdown is likely to hurt domestic cyclicals the most.

CLSA stays upbeat on Indian IT stocks; check rationale, top picks here

The Nifty IT index has fallen by 18.1 per cent so far this year, the worst among key sectors. During the same period, Nifty has risen by 3.8 per cent

TCS forms new AI and services transformation unit, Amit Kapur to lead

TCS has created a new AI and Services Transformation Unit under Amit Kapur, consolidating its AI strategy and accelerating innovation, client engagement, and digital transformation

TCS appoints Amit Kapur to lead newly formed AI and services unit

Kapur's appointment, effective from September, comes at a time when Indian IT companies are racing to adopt and offer more AI products to their clients to attract tech spending

Nifty IT rises 5% in 1 week; will Fed rate cut aid further rally in stocks?

Among individual stocks, Infosys, Wipro, Oracle Financial Services Software, and Mphasis shares rose 3 per cent each on Monday

IT shares in focus; Infosys, TCS, Coforge rise up to 3%; Buy, sell, hold?

However, thus far in the calendar year 2025, Nifty IT index has underperformed the market by falling 18 per cent, as against 5.5 per cent rally in Nifty 50.