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BENGALURU: TCS has set its data centre plan in motion. It has secured $1 billion (Rs 8,820 crore) from private equity giant TPG to power its AI data centre strategy in India. The funding aligns with its goal of emerging as the largest AI-led technology services firm. As part of this plan, TCS will work…
IT stocks rallied sharply on Wednesday, buoyed by investor optimism after US President Donald Trump said the United States “needed skilled workers from abroad,” a comment seen as a potential softening of his administration’s hardline immigration tone.The upbeat sentiment lifted Tech Mahindra, which surged 3.24%, followed by Mphasis (up 2.83%), LTIMindtree (up 2.63%), TCS (up…
Seven of India’s ten most valued companies collectively lost Rs 88,635.28 crore in a holiday-shortened session, with Bharti Airtel and Tata Consultancy Services (TCS) among the biggest losers. The decline mirrored a weak trend across broader equity markets. The BSE benchmark fell 722.43 points, or 0.86%, while the Nifty dropped 229.8 points, a fall of…
BENGALURU: TCS’s $6.5 billion capex blueprint for the AI data centre move goes beyond risk capital—it signals a push to build capabilities and perhaps prevent tech colonisation. Indian firms are increasingly turning to private capital to expand capacity and meet surging digital demand.In a recent interview with TOI, TCS CEO K Krithivasan said it aims…
TCS has refuted a recent report alleging that leading British retail company Marks & Spencer (M&S) has ended contact with the IT firm over a £300 million cyberattack. In a National Stock Exchange (NSE) filing, TCS said the report is “misleading, with factual inaccuracies”. The IT giant clarified that it does not provide cyber security…
Tata Consultancy Services BENGALURU: TCS said that a report published in The Telegraph on Sunday, which claimed that Marks & Spencer did not renew its ‘$1-billion’ contract with the IT firm to manage its technology helpdesk, is “misleading”. “The report published by The Telegraph is misleading, with factual inaccuracies including the size of the contract…
Dalal Street made notable gains last week, as the combined market capitalisation of seven of the country’s ten most valued companies surged by Rs 1,55,710.74 crore in a holiday-shortened trading week.The BSE Sensex advanced 259.69 points, or 0.30%, last week, with the benchmark hitting a 52-week high of 85,290.06 on Thursday.Reliance Industries and Tata Consultancy…
Tata Consultancy Services (TCS) HR head Sudeep Kunnumal recently addressed concerns over potential layoffs at the IT giant. Speaking during the company’s Q2 earnings call earlier this month, Kunnumal said that TCS is not “chasing a target” when it comes to job cuts. Instead, the IT firm said it will evaluate “everyone”. During the earnings…
Tata Consultancy Services (TCS) HR chief has said that the company’s business model can adapt to H-1B Visa changes as the IT services giant is localising the US workforce. He said that the company has significantly reduced its reliance on H-1B visas for its US operations, with only approximately 500 associates currently working in the…
Stock market: Dalal Street witnessed strong momentum last week as the combined market capitalisation of eight of India’s top 10 most-valued companies rose by Rs 1.94 lakh crore, reflecting renewed investor optimism.Tata Consultancy Services (TCS) emerged as the biggest gainer, while Hindustan Unilever and Life Insurance Corporation of India (LIC) saw declines in their valuations,…
