Tcs

TCS faces additional $70 mn hit after US Supreme Court rejects review plea

TCS said the additional provision will be made in the first quarter of FY27 as a one-time exceptional expense towards damages, interest and legal costs

US Supreme Court rejects TCS challenge in $168 million trade secrets case

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 to take $70 mn hit after US SC rejects appeal in trade secrets case

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

Best of BS Opinion: When access becomes power

From AI access and workforce disruption to economic reform and market opportunities, this edition explores how nations and industries navigate narrowing gateways

The upskilling imperative: TCS' plan on AI agents must spur a new approach

IT majors, including TCS, recently experienced erosion in stock-market valuation mainly due to investor anxiety over AI threats as well as geopolitical factors

TCS launches India's first Oracle AI Data platform lab in Kolkata

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

TCS announces strategic partnership with Anthropic; to set up dedicated BU

IT services company will equip 50,000 employees with Claude AI as part of a deal to expand enterprise AI transformation

IT rout deepens: Nifty IT falls 3%, down 9% in 6 days on risk-off sentiment

Analysts attributed the sustained weakness in the Nifty IT index to broad-based pressure in global technology stocks, cautious sentiment over slower US tech spending, and rising geopolitical tensions

TCS partners Anthropic to scale AI; to equip 50K employees with Claude

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 will have as many AI agents as human employees: Chandrasekaran

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 share in group market capitalisation falls to lowest since listing

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

TCS sets up dedicated business unit for AI-native GCC operations

The new Global Value & Innovation Centres unit will help enterprises set up AI-native GCCs and transform existing centres into innovation- and value-driven operations

TCS signs deal to modernise Canada Life's IT infra services across Europe

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

IT stocks plunge on renewed AI fears after biggest rally in a year

The Nifty IT index slumped 5.6 per cent, its steepest fall in four months, as concerns over AI-driven revenue deflation weighed on investor sentiment

CUET-UG delayed at some centres due to TCS glitch, NTA revises exam timings

The statements come after candidates at several examination centres reported disruptions during the morning shift of the entrance test

TCS ties up with Mistral to build custom AI models for enterprise clients

TCS will leverage Mistral Forge to build custom AI models for enterprises across BFSI, manufacturing, healthcare and the public sector

Tata Consultancy Services inks multi-year AI transformation deal with SKF

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

Mythos threat: Govt, tech firms test their softwares for vulnerabilities

Technology giants Infosys Ltd. and Tata Consultancy Services Ltd. are among companies carrying out the tests of their software for vulnerabilities in a secure environment to Mythos

Eyeing dividend? Check out TCS, LTM, GPT Infra, 6 other stocks today

Shares of LTM, Siyaram Silk Mills, Tata Consumer Products, and Tata Consultancy Services will also remain in focus today as they trade ex-dividend

Nashik Police file first charge sheet in TCS sexual assault case

Nashik police on Friday filed the first charge sheet in connection with the alleged instances of sexual harassment, exploitation and religious conversion at the TCS unit here. The Special Investigation Team of the police filed the 1,500-page charge sheet before the sessions court in a case registered at Deolali Camp police station against Danish Ejaz Sheikh, Tausif Bilal Attar, Nida Ejaz Khan and Matin Majid Patel. Police have arrested a total of eight persons in nine FIRs. Matin Patel, a corporator of the AIMIM, is accused of harbouring Nida Khan at his house in Chhatrapati Sambhajinagar when she was absconding. The charge sheet invoked Bharatiya Nyaya Sanhita (BNS) sections 61(2) (criminal conspiracy), 64 (rape), 68 (sexual intercourse by a person in authority), 69 (sexual intercourse by employing deceitful means), 46 (abetment), 75 (sexual harassment), 318 (4) (cheating), 299 (hurting religious feelings), 249 (harbouring offender) along with provisions of the Scheduled ...