Today's rebound in TCS shares came as the Tata group announced a partnership with OpenAI amid the ongoing India AI Impact Summit in New Delhi
Tata Group and TCS join hands with OpenAI to set up a 100 MW AI data centre in India, scale enterprise AI adoption and enable industry-specific solutions globally
The deal is a major boost for TCS, which in a strategic shift last year disclosed plans to invest up to $7 billion in a 1 gigawatt data centre unit in India
The combined market valuation of six of the top 10 valued firms eroded by more than Rs 3 lakh crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest laggards amid a bearish trend in equities. The BSE benchmark declined by 953.64 points, or 1.14 per cent, over the past week. TCS, Infosys, HDFC Bank, Reliance Industries, Life Insurance Corporation of India (LIC), and Bharti Airtel faced erosion from their valuation, while State Bank of India, Bajaj Finance, Larsen & Toubro and ICICI Bank were the gainers. The market valuation of TCS tumbled Rs 90,198.92 crore to Rs 9,74,043.43 crore, while Infosys' valuation eroded by Rs 70,780.23 crore to Rs 5,55,287.72 crore. The market valuation of HDFC Bank declined by Rs 54,627.71 crore to Rs 13,93,621.92 crore, and that of Reliance Industries plunged by Rs 41,883 crore to Rs 19,21,475.79 crore. Life Insurance Corporation of India's market capitalisation (mcap) dropped by Rs 23,971.74 crore to Rs ...
Reliance Industries currently ranks first with a market capitalisation, followed by HDFC Bank in second place and Bharti Airtel in third
TCS Q3 results impact: The common thread across analysts is that while Q3 execution remains strong and margins resilient, clear visibility on broad-based demand acceleration is still missing.
Q3 performance revenue growth beats estimates
Statutory impact of new labour codes, AI-led restructuring costs and a large legal provision weighed on TCS's Q3 FY26 profitability
Analysts said key factors to watch will include TCS's measures underway to accelerate revenue growth, deal pipeline, and overview of client budgets and progress on planned data centre investments
Experts say a slow growth environment and shorter project life cycles in the age of artificial intelligence (AI) have made these firms double down on office presence and being closer to their clients
At the core of TCS's vision is a five-pillar framework designed to reorient the company from a digital-first services model to AI-centric enterprise transformation.
TCS has disclosed for the first time that its annualised AI revenue is about $1.5 billion, as investors seek clarity on returns from large AI investments across IT services firms
Microsoft has teamed up with TCS, Infosys, Wipro and Cognizant to deploy more than 200,000 Copilot licences, signalling a strong enterprise push towards agentic AI to boost productivity
Tata Consultancy Services has signed an agreement to buy 100% of Coastal Cloud for $700 million in cash, adding 400+ Salesforce professionals and strengthening its advisory
TCS is in discussions with Microsoft, AWS, Google and Nvidia to co-develop enterprise solutions for its HyperVault data centre business
Indian IT majors vie for mandate as American bank plans insourcing rampup
The San Francisco-based company is said to be exploring a plan to lease at least 500 MW of data centre capacity from HyperVault, TCS's newly established data centre arm
The Fifth Circuit Court of Appeals has upheld $194 million in damages against TCS in the DXC trade secrets case, even as it vacated an earlier injunction and sent it back for reassessment
TCS-TPG deal: TCS, on Thursday, announced securing a $1-billion investment from TPG to scale up its AI-data centre platform 'HyperVault'.
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