Page 3 - Tata Consultancy Services

TCS to manage Odisha govt's AI-enabled integrated financial system

Tata Consultancy Services (TCS) has partnered with the Odisha government to design and implement Integrated Financial Management System (IFMS) 3.0. The company has been working with the state government since 2005, beginning with the integrated Odisha Treasury Management System. This collaboration progressed through the implementation of IFMS, followed by IFMS 2.0, culminating in the launch of IFMS 3.0 the third generation of the solution, TCS said in a statement. As part of this programme, TCS will also implement its AI Workbench, an open-source solution designed to support AI/ML projects in designated operational areas, including model development, monitoring, and retraining, it said. This enables IFMS 3.0 to apply analytics and machine learning to decision-making and operational processes, with features such as multilingual chatbot interactions to enhance user experience. The assistant is developed to address FAQs, automate service desk procedures, and carry out functional tasks

Stocks to Watch today: TCS, Adani Power, JSW Cement, BHEL, PNC Infratech

Stocks to Watch today: TCS, Adani Power, JSW Cement, PNC Infratech, DCM Shriram, Aarti Industries and BHEL are among the stocks to watch today, September 03, 2025

TCS extends partnership with Tryg in 7-year deal worth Rs 5,695 crore

TCS has signed a €550 million, seven-year extension of its partnership with Scandinavian insurer Tryg to simplify IT operations, drive digital transformation and boost efficiency

TCS announces 4.5 to 7% salary hike for most employees from Sept 2025

Country's largest IT services company TCS has rolled out salary hikes in the range of 4.57 per cent for a majority of its employees, sources said on Tuesday. The Tata group company has started sending the letters of increment to the employees from late Monday evening, and the increments will be applicable from September, they said. An official response to an email query sent to the company was awaited. It can be noted that there has been a slew of headlines on the Human Resources front over the last two months, starting with an announcement to defer pay hikes amid hazy market conditions. This was followed up with a surprise announcement to axe 2 per cent of the workforce, or around 12,000 employees, and then came an announcement of pay hikes for 80 per cent of the employees. As per media reports, most of the employees eligible for the hike were in the lower to mid levels of the hierarchy. The sources said the well performers have been given pay hikes of over 10 per cent as well.

CLSA stays upbeat on Indian IT stocks; check rationale, top picks here

The Nifty IT index has fallen by 18.1 per cent so far this year, the worst among key sectors. During the same period, Nifty has risen by 3.8 per cent

TCS forms new AI and services transformation unit, Amit Kapur to lead

TCS has created a new AI and Services Transformation Unit under Amit Kapur, consolidating its AI strategy and accelerating innovation, client engagement, and digital transformation

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

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

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

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 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' 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.

Signs of the future: India must prepare to deal with AI adoption

The fast-changing technology landscape, with the growth and adoption of AI, is making not only tech firms but businesses across the spectrum adapt

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

Mcap of 6 of 10 most valued firms slumps Rs 94,433 cr; TCS, RIL top losers

The combined market valuation of 6 of the top-10 most valued firms declined by Rs 94,433.12 crore last week, with Tata Consultancy Services and Reliance Industries taking the biggest hit, in line with a bearish trend in equities. Last week, the BSE benchmark tumbled 742.74 points or 0.90 per cent. While Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, Infosys and Hindustan Unilever suffered erosion from their market valuation last week, ICICI Bank, State Bank of India, Bajaj Finance and Life Insurance Corporation of India (LIC) emerged as gainers. The valuation of TCS tumbled Rs 27,334.65 crore to Rs 11,54,115.65 crore, the most among the top-10 firms. Reliance Industries suffered an erosion of Rs 24,358.45 crore to Rs 19,98,543.22 crore from its valuation. The market capitalisation (mcap) of HDFC Bank tanked Rs 20,051.59 crore to Rs 15,00,917.42 crore. Bharti Airtel's mcap dropped by Rs 11,888.89 crore to Rs 10,83,998.73 crore, and that of Hindusta

Tata Digital to get $400 million boost from Tata Sons' TCS dividend

Tata Sons will invest $400 million in Tata Digital, using dividend income from TCS. The funding aims to support the struggling digital arm, which includes BigBasket, Tata 1mg, and Tata Cliq