Chandrasekaran's exit as Tata Sons chairman marks a major shift for TCS, leaving its leadership to navigate AI disruption without the group chairman's deep expertise
Chandrasekaran joined the Tata group nearly 40 years ago and rose through the ranks to become the CEO of Tata Consultancy Services in 2009 and the chairman of the group in 2017
TCS said it had safeguards in place for more than two years against the method used to carry out the attack. The IT firm's operational systems have not been affected, it added
The combined market valuation of five of the top-10 most valued firms jumped Rs 1.54 lakh crore last week, with IT major TCS emerging as the biggest winner, in line with a positive trend in equities. Last week, the BSE benchmark Sensex climbed 582.06 points, or 0.75 per cent, and the NSE Nifty went up by 127.4 points, or 0.52 per cent. "Indian equity markets ended the week on a firm footing, extending their recovery despite heightened geopolitical tensions, elevated crude oil prices, and persistent uncertainty surrounding the global interest-rate outlook. "Sentiment remained supported by encouraging Q1 FY27 earnings from the IT sector as TCS closed with nearly 10 per cent of weekly gains, renewed buying interest in financial stocks, and resilience in domestic economic fundamentals," Ajit Mishra SVP, Research, Religare Broking Ltd, said. While Reliance Industries, ICICI Bank, State Bank of India, Tata Consultancy Services (TCS) and Bajaj Finance emerged as the gainers, HDFC Bank, .
Tata Consultancy Services on Thursday launched a Gemini Experience Centre (GEC) in Kolkata in collaboration with Google Cloud to showcase artificial intelligence-led innovations for consumer businesses, as part of its global expansion of industry-focused AI innovation hubs. The Consumer Business Group (CBG) Gemini Experience Centre, built using Google Cloud and Google's Gemini models, is the third such facility by TCS in India after Chennai and Bengaluru. The company plans to set up 10 Gemini Experience Centres globally by the end of 2026, including four in India, a company statement said. The Kolkata centre will enable enterprises in retail, consumer packaged goods, and travel, tourism and hospitality to co-create, test and scale AI-led solutions, it said. It will showcase agentic AI-enabled solutions across store operations, supply chain management, omni-channel retail and customer service through immersive demonstrations and co-innovation workshops. TCS said it has developed 3,0
The Bengaluru facility will help manufacturers and mobility firms test and deploy AI applications before rolling them out at scale
The IT major will deploy AI-led digital systems to improve airport operations, passenger experience and airline efficiency at the revamped terminal
Under the expanded partnership, TCS will deliver end-to-end global network operations for ABB through an AI-driven network-as-a-service model. The deal value was not disclosed
At 12:44 PM on Monday, the Nifty IT index was the top gainer among sectoral indices, up 4.24 per cent, as compared to 0.01 per cent rise in the Nifty 50.
The ERU is a strategically important industry group for TCS, and clients in this segment are harnessing Al-led transformation, said Krithivasan
TCS CEO & MD K Krithivasan reiterate his belief that AI is an opportunity and global system integrators like TCS will be an integral part of enterprises' AI journey
The IT major plans to build a team of forward-deployed engineers, explore acquisitions in AI and cybersecurity, and deepen client engagement
TCS's upbeat Q1 commentary has lifted sentiment, but analysts believe a sustained recovery in technology spending will be critical for stronger revenue and earnings growth
At 09:38 AM on Friday, the Nifty IT index was the top gainer among sectoral indices, up 1.8 per cent, as compared to a 1 per cent rise in the Nifty 50.
TCS reported a 4.61 per cent Y-o-Y increase in its net profit to ₹13,349 crore for Q1 FY27. Its revenue jumped by 13.9 per cent Y-o-Y to ₹72,275 crore.
Revenue for the company grew 13.9 per cent in reported terms to Rs 72,275 crore from Rs 63,437 crore in Q1 FY26
Tata Consultancy Services added 9,279 employees in the first quarter, signalling improved visibility on deal pipelines despite persistent macroeconomic uncertainty and AI-led disruption
Q1FY27 company results: Firms including Eimco Elecon (India), Arunjyoti Bio Ventures, Cupid Breweries and Distilleries, and Gujarat Hotels are also set to release their April-June earnings today
TCS Q1 results 2026 date and time: TCS will announce quarterly earnings on July 9 after market hours. TCS could also announce a dividend, for which it has set July 15 as the record date.
In the past four trading days, IT index outperformed the market by soaring 9 per cent, as against a 2 per cent gain in the Nifty 50.