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Bengaluru: TCS CEO K Krithivasan has said annualised revenue from AI services reached $1.5 billion, growing 16.3% quarter-on-quarter. Over 85% of clients with revenues above $20 million leverage TCS for AI work.“A massive internal transformation is underway, and we are encouraging all our associates to adopt an AI-first culture. Every time we take on a…
The proposed $100,000 fee for fresh H-1B workers by Trump could severely impact IT outsourcing and staffing sectors. (AI image) US President Donald Trump’s crackdown on immigration and H-1B visas will hit Indian IT firms, particularly Tata Consultancy Services (TCS) and Infosys, analysis suggests. According to a Bloomberg News study, the impact would be particularly…
BENGALURU: TCS signed a definitive agreement to acquire US-based Salesforce consulting firm Coastal Cloud in an all-cash deal valued at $700 million. Founded in 2012, Coastal Cloud brings AI-led advisory and business consulting capabilities to help clients reimagine sales, service, marketing, revenue, and commerce. With the acquisitions of ListEngage and now Coastal Cloud, TCS said…
Maharashtra labour minister Aakash Fundkar has now informed that the state legislative council that around 376 employees of Tata Consultancy Services (TCS) were laid off at the company’s Pune campuses over the past two quarters of the current fiscal year. The disclosure was made via a hand written reply during the Vidhan Parishad session, after…
Last week, half of the ten most valued companies managed to expand their market capitalisation. Together, five firms added Rs 72,284.74 crore in value, with Tata Consultancy Services (TCS) and Infosys accounting for the bulk of the gains. Over the same period, the BSE benchmark closed with a narrow rise of just 5.7 points, while…
OpenAI is reportedly in advanced talks with Tata Group, specifically TCS, to establish AI compute infrastructure in India. This collaboration aims to build agentic AI solutions for enterprises, marking a significant step for both companies. The partnership follows OpenAI’s earlier discussions with Reliance Industries, which did not materialize. ChatGPT-maker is reportedly in talks with Tata…
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…
