In the past 20 trading days, the Nifty IT index tanked 17 per cent, as against a 2.2 per cent rise in the Nifty 50 till Wednesday.
In the past three weeks, the Nifty IT index tanked 13 per cent, as against 2 per cent rise in the Nifty 50.
Indian IT stocks fell on Friday as Accenture narrowed its annual revenue growth forecast and issued weaker-than-expected fourth-quarter guidance, despite steady quarterly earnings.
The suit accused TCS of exploiting software access granted to Transamerica employees, who were transferred to TCS in a $2 billion deal
Tata had appealed after a lower court upheld a judge's decision to set the award at $56 million in compensatory damages and $112 million in punitive damages to Ashburn, Virginia-based DXC
TCS, which had already set aside $150 million for the case, said it will book a further $70 million towards damages, interest and legal costs as a one-time exceptional charge in the first quarter of 2
Tata Consultancy Services on Friday launched India's first Oracle AI Data Platform Lab and Centre of Excellence (CoE) here to help enterprises accelerate adoption of artificial intelligence and data-driven transformation. The facility at Delta Park Lords in Kolkata has been set up in collaboration with Oracle and will support customers in addressing challenges such as fragmented data systems, slow analytics cycles, limited AI scalability and operational inefficiencies, the IT major said. TCS said the lab will leverage Oracle AI Data Platform, which combines Oracle Cloud Infrastructure, Oracle Autonomous AI Database and OCI Enterprise AI, to help organisations make enterprise data AI-ready and deploy AI-powered applications and automation at scale. The IT services major also plans to establish similar Oracle AI Data Platform Labs and Centres of Excellence in four more Indian cities over the next three years, a statement said. "The facility is designed to accelerate the journey from
IT services company will equip 50,000 employees with Claude AI as part of a deal to expand enterprise AI transformation
IT services major Tata Consultancy Services (TCS) on Thursday announced a global partnership with AI major Anthropic to help customers scale enterprise artificial intelligence adoption. As part of the collaboration, TCS will set up a dedicated business unit focused on developing joint industry solutions and AI expertise on Anthropic's Claude family of AI models through early access. TCS will equip 50,000 of its associates across engineering, finance, legal, marketing, and sales with Claude through enterprise-wide licensing, the company said in a regulatory filing. "TCS and Anthropic will jointly go to market with AI solutions and services across industries, including highly regulated sectors, such as financial services, public services, life sciences, healthcare, aviation, telecom, and medtech. "Together, they will co-innovate solutions for domain-specific workflows, modernisation, and customer experience transformation, backed by TCS' consulting, engineering, and managed services
TCS Chairman N Chandrasekaran said the company could have as many AI agents as human employees within three years, driven by rising enterprise AI adoption and technology spending
TCS's share of Tata Group's market cap falls to a 21-year low as its stock declines sharply, even as non-TCS Tata companies hit record valuations
The agreement will see TCS modernise and manage Canada Life's IT infrastructure across its European businesses, leveraging AI and digital capabilities to improve resilience and automation
Thus far in the calendar year 2026, the market price of TCS tanked 33 per cent, as compared to 11.5 per cent fall in the Nifty 50.
IT stocks witnessed heavy selling pressure on Wednesday tracking overnight losses in technology shares in the US market. Indian ADRs cracked up to 8%.
This brings the combined license commitment to 300,000 seats within six months. Puneet Chandok, president Microsoft India and South Asia says that enterprise AI at scale is gathering pace
The statements come after candidates at several examination centres reported disruptions during the morning shift of the entrance test
TCS will leverage Mistral Forge to build custom AI models for enterprises across BFSI, manufacturing, healthcare and the public sector
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
Among the companies, Bajaj Auto has announced the highest final dividend of ₹150 per share, with May 29, 2026, fixed as the record date
High performers, employees in the top-rated A+ category, have received hikes of more than 10 per cent, the sources added