Tata Consultancy Services Ltd News

Nifty IT index slips 2% on US recession concerns; Infy, Wipro down up to 4%

US markets ended sharply lower on Monday as fear mounted that the US economy could be careening into a recession. Nasdaq Composite plunged 4 per cent

Tata Capital seeks approval for related party deals with Tata Steel, TCS

Under the factoring arrangement, Tata Steel discounts its sales receivables with Tata Capital (TCL) arising from goods sold on credit to customers

Target is to double organisations' AI adoption rate: TCS CTO Harrick Vin

Less than 15-25 per cent of all use cases going into production

Nifty IT index slips 4%; TCS hits 52-week low, TechM, Persistent down 6%

The IT sector is witnessing weaker deal momentum and cautious client spending, according to analysts

TCS extends partnership with Norway's DNB Bank ASA for five years

Over the past 12 years, TCS has partnered in DNB's innovation and transformation journey, delivering a wide range of digital solutions

Growth jitters take 'byte' out of TCS; nears 52-week low on growth concerns

In past two days, TCS was down 4% to Rs 3,624.90 on fears of a slowing US economy and trading close to its 52-week low of Rs 3,593.30 touched on June 4, 2024.

Down 15% from record high; Nifty IT, 5 tech shares can dip 15% more: charts

Technical outlook on Nifty IT, large-cap technology stocks: The IT index along-with Infosys, TCS, HCL Technologies, Tech Mahindra and Wipro look poised for further losses from present levels.

TCS, Salesforce tie up to drive AI power in manufacturing, semiconductors

Tata Consultancy Services (TCS) on Thursday announced a new collaboration with Salesforce to help customers in the manufacturing and semiconductor industries drive value from artificial intelligence. As part of this collaboration, TCS launched three initiatives. These include Semiconductor Sales Accelerator for increasing sales with data-driven insights; Seller for the Future for providing near real-time insights, predictive analytics, and personalised recommendations; and Digital Field Service to equip technicians on field with real-time information, predictive maintenance insights, and optimised scheduling. "The collaboration will leverage the combined industry expertise, AI, and cloud capabilities of TCS and Salesforce to help manufacturers and semiconductor chipmakers to unlock data-driven insights for smarter selling and exceptional service," according to a release. One of the key challenges for organisations in their AI adoption journeys is to unlock the true value of their ..

TCS shares down 2%, hits 8-month low; stock down 8% thus far in February

TCS hit Rs 3,780.65, its lowest level since June 20, 2024, in Wednesday's intra-day trade; it is quoting lower for the third straight day, falling 4 per cent during the period

TCS accused of visa violations by former staffers, company rejects claims

TCS has firmly rejected the accusations, saying, 'we strongly refute these inaccurate allegations by former employees, which have previously been dismissed by multiple courts'

TCS stock can tank 16%, trades below this key monthly support after June 23

TCS is seen testing its 20-month moving average for the first time in 21 months, a monthly close below the same shall open the doors for a slide towards Rs 3,170 levels; suggests technical chart.

LIC suffers Rs 84,000 crore dent in portfolio amid stock market crash

A large portion of the dip is attributed to the over 10 per cent correction in ITC (Rs 11,863 crore), Larsen & Toubro (Rs 6,713 crore) and State Bank of India (Rs 5,647 crore) shares, thus far in CY25

Ex-employee alleges IT services company TCS misused US visa system

Says IT firm misrepresented job roles to send more employees

At $3.8 trillion, India's top 500 pvt cos value more than the country's GDP

NSE, Bharti Airtel storm into top 10 for the first time in Axis Bank's Burgundy Private and Hurun India list; Motilal Oswal Financial Services was the fastest-growing company, the report suggests.

TCS to modernise Muscat Clearing & Depository system under new agreement

TCS will implement its flagship platform, TCS BaNCS for Market Infrastructure, alongside Quartz, to enhance MCD's Clearing, Settlement, and Depository services

TCS cuts quarterly variable pay for senior staff despite return to office

This marks the second consecutive variable pay cut at TCS for senior employees despite adherence to the work-from-office directive

Businesses need to be perpetually adaptive, says TCS CEO K Krithivasan

A technology-led approach turns these transformation goals into achievable realities

Nifty bias improves; analysts expect further gains above 23,200

In the derivatives segment, Crompton Greaves, Titan and HDFC Bank saw over 90 per cent rollovers on Wednesday. The Nifty Put-Call-Ratio rose above 1, with FIIs cutting down some of their short bets.

Can DeepSeek sparked AI sell-off dent Indian IT shares? Tech view here

Technical charts show that the large-cap IT stocks can fall up to 14% from present levels, while the Nifty IT index can shed another 6%.

Infosys, TCS, Wipro: How to trade IT stocks post Q3 results; guide here

Technical charts show that HCL Technologies, TCS, Infosys and Tech Mahindra shares could fall up to 8% from here on; while, Wipro can potentially rally by another 11%. Check key levels here