Page 5 - Tata Consultancy Services Ltd News

IT companies' valuation hits 5-year low amid selloff by investors

The sector is trading at a discount to the BSE Sensex and trailing price/earning (P/E) multiple for the first time in the past four years

TCS, Now Corporation partner to boost Philippine digital infrastructure

Tata Consultancy Services (TCS) on Monday said it has partnered with NOW Corporation's telecom arm to boost digital infrastructure and enable financial inclusivity in the Philippines. Now Telecom is a public sector telecommunications company in the Philippines offering services across mobile networks and fixed wireless. "Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions, has partnered with NOW Corporation's telecom arm Now Telecom, a public sector telecommunications company, to bolster national digital sovereignty, enable financial inclusivity, and build a clean network for the Philippines," according to a release. With this Memorandum of Understanding (MoU) in place, the release said, TCS will support the company with capabilities to expand trusted networks, provide sovereign cloud technology and a cyber-defence suite, alongside creating citizen-centric services in areas such as healthcare and digital banking, promoting financial .

TCS layoffs signal AI-driven transformation in $283 bn outsourcing sector

TCS and its peers Infosys, HCLTech, Tech Mahindra, Wipro, LTIMindtree, and Cognizant collectively employ over 430,000 workers with 13 to 25 years of experience

IT sector braces for slower growth trajectory as US tariff tensions mount

Sectors such as automobile, manufacturing, and retail are already bearing the brunt of tariffs - this was called out by IT executives during their earnings conferences last month

TCS to roll out salary hikes for 80% of staff starting September 1

TCS had paused salary hikes in April citing macroeconomic uncertainty but will now revise pay for staff up to grade C3A, covering 80 per cent of its workforce

From TCS to Wipro, India's top IT companies a gravy train for shareholders

Top Indian IT firms returned over ₹6.4 trillion to shareholders in 10 years while reinvesting just ₹1.2 trillion, raising questions amid slowing growth and AI-led churn

IT major TCS affirms 600 job offers intact, but skips labour meet

TCS skips meeting with the labour ministry, saying deferment of onboarding is 'nothing new,' and it remains committed to fulfilling its job offers to over 600 professionals

For India's IT cos, growth in Europe may only be a temporary relief

Infosys, TCS, and others ride strong European demand, yet analysts say real recovery needs a US rebound in BFSI, retail, and manufacturing sectors

IT stocks brace for more pain post muted Q1 show; analysts share strategy

The Nifty IT index has fallen by 18.3 per cent so far this year, the worst among key sectors. During the same period, Nifty has risen by 4.7 per cent

TCS market value drops by ₹28,149 crore after layoff plan announcement

Tata Consultancy Services (TCS) has lost Rs 28,148.72 crore from its market valuation in two days after the company announced that it will lay off about 12,000 employees of its global workforce this year. On Tuesday, the bellwether stock declined 0.73 per cent to settle at Rs 3,056.55 apiece at the BSE. During the day, it dropped 1.23 per cent to Rs 3,041. On the NSE, it dipped 0.72 per cent to Rs 3,057. Shares of TCS had declined nearly 2 per cent on Monday. The stock has lost 2.48 per cent in two trading days. The market capitalisation (mcap) of TCS eroded by Rs 28,148.72 crore to Rs 11,05,886.54 crore in two days. India's largest IT services firm TCS is set to lay off about 2 per cent, or 12,261 employees, of its global workforce this year, with the majority of those impacted belonging to middle and senior grades. As of June 30, 2025, the TCS workforce stood at 6,13,069. It increased its workforce by 5,000 in the recently concluded June quarter. The move is part of the compa

TCS reshapes delivery model as GenAI, ChatGPT redefine Indian IT growth

TCS cuts over 12,000 jobs as Indian IT pivots to GenAI, automation and leaner delivery teams. Hiring slows across top firms as margins, skills, and productivity take precedence

TCS stock hits 33-month low; Jefferies, YES Securities' take on what's next

TCS shares extended their decline for the fourth consecutive session, slipping 4 per cent after it announced plans to lay off roughly 2 per cent of its global workforce

TCS' decision to lay off nearly 12,000 employees may lift margins

Firm's operating margin has remained below target for five consecutive quarters

TCS layoffs: Meity keeping close watch; IT union writes to labour minister

The IT Ministry is keeping a close watch on situation arising out of Tata Consultancy Services' (TCS) decision to lay off over 12,000 employees, and is in touch with the Tata Group company, sources said on Monday. The move comes as India's largest IT services company is preparing to lay off two per cent of its global workforce this year, in what it describes as a broader strategy to become a "future-ready organisation", with focus on investments in technology, AI deployment, market expansion, and workforce realignment. The bulk of the impact will be felt on middle and senior grades at TCS. The IT Ministry is keeping a close watch on the entire situation, and is in touch with the tech company, sources said. The ministry is concerned and will go into the underlying causes that has prompted the move. The blue-chip stock dipped 1.76 per cent closing at Rs 3,079.05 apiece on the Bombay Stock Exchange (BSE) on Monday, as news of layoffs sent fresh tremors in the tech circles. Meanwhile

Gloomy Monday morning at TCS as its mass layoffs jolt employees

This is the first time TCS has officially announced large-scale layoffs

TCS stock on verge to break this 16-year-old trend; can crash another 16%

TCS on Monday was seen trading below the monthly super trend line support for the first time since July 2009. The next stop could be the 100-MMA, hints the technical charts.

LIC portfolio sees Rs 46,000 crore dent in July; RIL biggest value drag

Meanwhile, four IT companies combined - TCS, Infosys, HCL Technologies and Tech Mahindra - have made a dent of ₹15,321 crore in LIC's portfolio thus far in July

Stocks to Watch today, July 28: TCS, SAIL, Shriram Finance, Aadhar Housing

Stocks to Watch today, July 28, 2025: Whirlpool India, Shriram Finance, SAIL, Tata Consultancy Services (TCS), and Aadhar Housing Finance are some of the top stocks to watch today

TCS to lay off 2% of its workforce, impacting over 12,000 employees

Tata Consultancy Services (TCS) will lay off about 2% of its workforce, or 12,260 people, as part of its Project Fluidity, aiming to become a more agile, AI-led organisation

Labour ministry asks TCS to meet CLC next week to discuss onboarding delay

According to the letter sent by the ministry addressing the chairman and managing director of TCS, the meeting will be held on August 1