Page 8 - Tcs

TCS announces leadership rejig with a focus on AI-first transformation

The company also said that Krishnakanth Narayanrao, who heads Ultimatix, will report to Sanathanam

Growth to remain muted for IT services firms in Q1 amid macro uncertainty

Expected to deliver low single-digit growth because of geopolitical headwinds

TCS expands SDV capabilities with new centres in Germany and Romania

TCS launches automotive delivery centres in Munich and Villingen-Schwenningen and an engineering hub in Romania to support global shift to software-defined vehicles

Stocks to Watch today, June 20: HDFC Bk, Nestle, Concor, Sai Life Sciences

Stocks to Watch today, June 20: HDFC Bank, Nestle, HCLTech, TCS, Maruti Suzuki, Wipro among top stocks to remain on radar

CLSA, Morgan Stanley urge near-term caution on IT stocks

Thus far in CY25, the Nifty IT index has been an underperformer, slipping nearly 11 per cent as compared to 5 per cent rise in the Nifty 50 index

IT union AIITEU slams TCS' 225-day billability and 35-day bench policy

The union calls TCS' new billability mandate and bench limit an anti-worker move that shifts responsibility from management to employees amid rising utilisation rates

TCS says co not under probe in M&S breach; Chandra skips AGM for first time

At TCS's 30th AGM, the firm clarified it is not under probe in the M&S cyber breach, while shareholders raised concerns over AI, job security and tech strategy

TCHFL, TCS to ink pact for loans, services worth ₹5,150 cr in FY26

Tata Capital Housing eyes ₹5,150 crore from TCS in FY26, seeks to raise borrowing cap to ₹92,000 crore as FY25 profit jumps 31% YoY to ₹1,499 crore

TCS partners with CEB to modernise bank's reconciliation systems

Tata Consultancy Services (TCS) has partnered with the Council of Europe Development Bank (CEB) to modernise and automate the bank's reconciliation processes. TCS will implement its TCS BaNCS for reconciliations platform, leveraging artificial intelligence and automation to streamline complex transactions, improve transparency, and reduce manual effort, according to a regulatory filing. The new solution will automate the entire reconciliation lifecycle, providing real-time visibility and faster processing for the CEB. "With the deployment of TCS BaNCS, the CEB will be able to gain significant efficiency in operations, which gives the bank the ability to operate on a higher scale," Venkateshwaran Srinivasan, Global Head - Financial Solutions at TCS, said. *** HCLTech partners with European energy firm E.ON * HCLTech has entered a multi-year strategic partnership with European energy firm E.ON. Under the agreement, HCLTech will establish a private cloud and manage cloud and netwo

TCS, Salling Group partner for IT transformation, AI-based cloud migration

Tata Consultancy Services (TCS) on Monday said it has entered a long-term strategic partnership with Denmark's largest retailer, Salling Group, to support its digital transformation and AI-enabled cloud migration. The collaboration will cover Salling Group's 2,100 stores and 68,000 employees across Denmark, Poland, Germany, Estonia, Lithuania, and Latvia, including brands such as toy store chain BR, franchise quick-service restaurants Carl's Jr. and Starbucks, grocers ftex, Bilka, Netto, and RIMI Baltic, according to a company statement. "TCS will help the Salling Group's cloud adoption journey and subsequently stabilise the operations with the aim of driving more agility, scalability, and sustainability. "Additionally, TCS will support the retail group's digital transformation, focusing on enhancing the e-commerce platform to be more responsive to the evolving consumer demands," it said. TCS will deploy its AI-enabled cloud operations solution, Cloud Exponence, to deliver smart .

Markets defy geopolitical jitters; IT stocks power Sensex, Nifty higher

Indian equity benchmarks were trading higher on Monday led by gains in the heavyweight IT stocks including TCS, Tech Mahindra and HCL Tech

India's IT giants can't afford to sit out the AI race, says senior official

Infosys, TCS ramp up GPU investments and staff upskilling to pivot from service delivery to proprietary AI products. "Surviving without AI will be very difficult," says MeitY's Abhishek Singh

TCS and Virgin Airlines sign 7-year agreement for AI, cloud upgrade

TCS will help modernise the Virgin Airlines' core technology systems, including pricing, seat allocation, maintenance, and anticipate customer preferences and meal choices

Dividend, stock split, bonus, rights issue: TaMo, TCS & 5 others in focus

Following recent announcements regarding corporate action such as dividends, bonus issues, and rights issues, drawing attention from investors

Dividend stocks: TCS, L&T, 24 others to go ex-date next wk; do you own any?

Tata Motors, TCS, Tata Steel, L&T, Dr Lal PathLabs, Nuvama Wealth Management, HDFC Asset Management Company, and 19 other companies are set to remain in focus following their dividend announcements

TCS chief Krithivasan's pay package rises 4.6% to ₹26.5 crore for FY25

The CEO's pay hike is broadly in line with the average annual increase in employee salaries as TCS adjusts remuneration to reflect performance and market trends

Gen AI single most transformative force of 2024: TCS' N Chandrasekaran

TCS Chairman Chandrasekaran calls Gen AI a civilisational shift and outlines four strategic vectors to lead in an AI-first world, including a human-plus-AI delivery model

TCS splits AI.Cloud unit for higher growth, Krishna Mohan to lead cloud biz

TCS established its AI.Cloud unit in August 2023 to unlock greater business value by harnessing the power of cloud and generative AI (GenAI)

Tata group earnings mirror India Inc show as FY25 profit dips marginally

The combined consolidated adjusted net profit of listed Tata group fell 0.1 per cent Year-on-Year to Rs 90,547 crore in FY25 from Rs 90,630 crore in the previous financial year

TCS gets Rs 2,903 crore BSNL order for 4G rollout at 18,685 sites

BSNL places Rs 2,903 crore APO with TCS for planning and maintenance of 4G network; Tejas Networks to supply RAN equipment worth Rs 1,525 crore