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TCS gains 3%, hits 52-week high in range-bound market

TCS continues to witness robust demand for cloud migration, digital engineering, product innovation, and enterprise application solutions, according to analysts

After Chandrayaan success, TCE looks to increase footprint in space

TCE reported a consolidated total revenue of Rs 1,137 crore for the financial year 2022-23, up 27 per cent year-on-year

Nasscom launches Talent Connect portal to bridge job scout-seeker gap

In a first, it will focus on connecting skill-specific talent to employer base

Infosys Foundation announces STEM scholarship for underprivileged girls

Programme commits Rs 100 cr, will support more than 2,000 girl students in first phase

TCS bags contract to redesign, build new version of govt's GeM portal

IT major Tata Consultancy Services on Tuesday said it has bagged a contract from the government to redesign and build a new version of public procurement platform Government e-Marketplace (GeM). The GeM platform provides an end-to-end online marketplace for the central and state government bodies, including public sector undertakings, for procurement of common-use goods and services in a transparent and efficient manner. GeM CEO P K Singh said in its next avatar, GeM is envisioned to be an all-inclusive platform for government procurement, offering improved ease of doing business and transparency. "With TCS as our system integration partner, we are assured of architecting the new GeM with unmatched experience, rigour, and passion to develop a world-class solution," Singh said. The Gross Merchandise Value (GMV) of GeM is over Rs 2 lakh crore purchased by 70,000 buyer organisations from more than 65 lakh sellers and service providers, including over 8 lakh medium and small enterprise

TCS to revamp Government e-Marketplace, enhance efficiency, transparency

GeM acts as an end-to-end online marketplace for central, state govt bodies, including PSUs

With new business unit, TCS takes different path to genAI strategy

TCS will perhaps be the only large player which has set up a BU focused on AI

Trouble for new engineering graduates as IT hiring to hit 3-yr low in FY24

The fear of a recession in the US has emerged as a major hurdle for the IT sector. There is also a dearth of new projects which may impact the recruitment of new engineers

TCS helps AIB Life launch operations in Ireland with tech platform

TCS lent its technical expertise to create "a modern, cloud-based technology stack ground up", with its flagship insurance platform TCS BaNCS at the core, the firm said

More misses than hits hint at uncertain times for IT services companies

First mismatch in the numbers is the total contract value (TCV) signed by the firms and the actual revenue growth registered

IT firms register a downfall in employee headcount, delay in salary hikes

Representatives from HCLTech said that the company had decided to postpone the compensation review by a quarter. Moreover, senior management at HCLTech will not be receiving pay hikes this year

TCS bags deal from BBC for finance, procurement, payroll management

Tata Consultancy Services (TCS) on Thursday said it has bagged a deal from British Broadcasting Cooperation (BBC) to change their finance, procurement and HR applications management. The company will leverage AI-driven human-machine collaboration suite, TCS Cognix in the multi-year partnership, the company said in a BSE filing. "TCS will also provide application management and change delivery services for the broadcaster's application estate supporting the finance, procurement and HR functions," the statement read. Amit Kapur, Country Head, UK and Ireland at TCS, said that the partnership will "strengthen TCS' position as a leader in delivering transformative business services to the media and entertainment industry". The Indian IT services giant has been operating in the UK for 45 years and tops software and IT services supply in the region in revenue terms. It employs 21,000 people in the UK and Ireland, making it among the region's biggest IT employers.

TCS extends partnership, will strengthen GE Healthcare's tech operations

IT services firm's service will enable GE Healthcare to provide care solutions to more than 1 bn patients

Nifty IT index gains 6% in 2 days; Tech Mahindra, Coforge hit 52-week highs

Mphasis surged 4 per cent, while TCS, Infosys, HCL Technologies and L&T Technology Services gained in the range of 2 to 3 per cent

TCS shares climb 3% post-earnings announcement, mcap jumps Rs 29,437 cr

Shares of Tata Consultancy Services (TCS) climbed almost 3 per cent on Thursday a day after the company reported a 16.83 per cent increase in its June quarter net profit to Rs 11,074 crore. The stock climbed 2.47 per cent to settle at Rs 3,340.65 on the BSE. During the day, it rallied 3.24 per cent to Rs 3,366. It was the biggest gainer among the BSE Sensex and NSE Nifty firms. At the NSE, it climbed 2.59 per cent to end at Rs 3,344.50. The company's market valuation jumped Rs 29,437.08 crore to Rs 12,22,361 crore in tandem with rally in the stock. A total of 2.69 lakh shares of the company were traded at the BSE and over 45.85 lakh shares on the NSE during the day. The rally in the stock was instrumental in helping equity markets trade firm. The 30-share BSE Sensex ended 164.99 points, or 0.25 per cent, higher at 65,558.89, and the NSE Nifty went up by 29.45 points, or 0.15 per cent, to 19,413.75. The Tata Group company had reported a net profit of Rs 9,478 crore in the year-ago

New tech not IT-driven... long-term tech spend intact: TCS CEO & MD

'We have not seen too many large deals compared to last quarter. But some of them will be large'

Generative AI deals expected in 2 quarters; will not be mega wins: TCS CEO

The country's largest IT services company TCS is expecting some generative artificial intelligence- (AI) based deals in the next two quarters, but their sizes will not be big, its top official said on Thursday. Those deals will not be over USD 1 billion, TCS Chief Executive Officer and Managing Director K Krithivasan told PTI during an interview here. Each organisation will spin out a number of deals, but there may not be a single billion dollar kind of deal in generative AI, Krithivasan said, adding that at present, every organisation is tinkering to assess the possibilities of the new technology. TCS, which on Wednesday announced its intent to train 1 lakh associates on generative AI and working on 50 proofs of concept, is also gearing up for the changes in the landscape, Krithivasan said. The major impact (for) organisations will happen only when they embark on an enterprise-wide programme. As long as they keep doing some use cases here, some use cases there, some pilots here, e

TCS Q1FY24 result: Net profit up 16.8% YoY; revenue rises to Rs 59,381 cr

TCS Q1FY24 result: The attrition for the first quarter of the current financial year stood at 17.8%

IT giant Wipro plans to invest $1 billion in AI over next three years

The investments will focus on the expansion of AI, big data, and analytics solutions, as well as developing new research and development and platforms, it said in an exchange filing