Page 8 - Tcs

Mcap of 8 top valued cos erodes by ₹2.07 trn; TCS, Airtel biggest laggards

The combined market valuation of eight of the top 10 valued firms eroded by Rs 2.07 lakh crore (Rs 2,07,501.58 crore) last week, with Tata Consultancy Services and Bharti Airtel emerging as the worst hit. Last week, the benchmark BSE Sensex dropped 932.42 points or 1.11 per cent. From the top 10 pack, only Bajaj Finance and Hindustan Unilever closed the week with gains in their valuation. Among major losers, the market valuation of Tata Consultancy Services (TCS) tumbled Rs 56,279.35 crore to Rs 11,81,450.30 crore. Shares of TCS dropped nearly 3.50 per cent on Friday after its June quarter earnings failed to enthuse investors. Bharti Airtel's valuation eroded by Rs 54,483.62 crore to Rs 10,95,887.62 crore. The market valuation of Reliance Industries dropped by Rs 44,048.2 crore to Rs 20,22,901.67 crore and that of Infosys by Rs 18,818.86 crore to Rs 6,62,564.94 crore. The market capitalisation (mcap) of ICICI Bank tanked Rs 14,556.84 crore to Rs 10,14,913.73 crore. The valuation

Dividend bonanza! TCS, Bharti Airtel, 67 others to go ex-date next week

Here is the complete list of stocks that will trade ex-dividend next week, along with details of their dividend announcements

TCS Q1 FY26 net profit rises 6%; misses estimate on revenue growth

TCS reports a 6% YoY rise in net profit for Q1 FY26, but misses revenue growth expectations. The company's revenue grew by just 1.3%, falling short of analysts' forecasts

TCS Q1 result: Net profit rises 6% to ₹12,740 cr; interim dividend declared

The directors of the company declared an interim dividend of ₹11 per equity share

TCS, Tata Elxsi, Ireda kick off Q1 result season: See full list here

Q1 FY26 company results, July 10: 17 companies prepare to release their first quarter results for financial year 2025-26 today

US-India trade talks, TCS earnings likely to drive markets this week

Equity investors are up for an eventful trading week ahead as the 90-day suspension period of the reciprocal tariffs announced by US President Donald Trump ends on July 9, analysts said, adding that a positive outcome from the trade negotiations could further lift market sentiment, particularly benefiting trade-sensitive sectors. Besides, Q1 earnings from IT major TCS and foreign fund movement would also dictate sentiment at the Dalal Street, experts said. July 9 marks the end of the 90-day suspension period of the Trump tariffs imposed on dozens of countries, including India. An additional import duty of 26 per cent was announced on Indian goods entering the US. "This week holds significant importance not only for Indian markets but for global equities as well. The most anticipated event is the outcome of the US trade (tariff) deadline on July 9, which could shape global trade dynamics. Investors will also closely monitor the release of the US FOMC (Federal Open Market Committee) .

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