Indian benchmark equity indices, Sensex and Nifty, saw gains in early trade, driven by strong performance in banking shares and positive sentiment from Asian markets, alongside optimism surrounding the ongoing US-China Summit.
The country's largest IT services company TCS on Thursday announced a tie-up with private equity major TPG for its upcoming data centre business, in which both the partners aim to invest Rs 18,000 crore. TPG will invest $1 billion or around Rs 8,870 crore in the AI data centre business christened as 'Hypervault', and hold a stake between 27.5-49 per cent in the venture.
Indian benchmark indices, Sensex and Nifty, ended lower in choppy trade, with the Sensex declining 114 points, as investors reacted to unabated foreign fund outflows and rising geopolitical uncertainties.
Indian IT stocks experienced a significant downturn following OpenAI's acquisition of consulting firm Tomoro, intensifying fears that global AI companies are encroaching on traditional IT service models through end-to-end consulting and implementation services.
Kanwal Rekhi is a peaceful techie who ardently believes in competitive market economics and democracy, despite the trauma his family suffered during Partition and his narrow escape from violent mobs in 1984.
AIMIM leader Matin Patel faces potential cancellation of his corporatorship for allegedly harbouring Nida Khan, accused in a sexual harassment and forced conversion case. Authorities are investigating alleged illegal construction at his residence, which could lead to his disqualification under the Maharashtra Municipal Corporation Act.
Tata Sons' unlisted ventures, including Air India, Tata Digital, and Tata Electronics, reported combined net losses of approximately 25,568.8 crore in FY25, a 58.3 per cent increase from the previous year, despite Tata Sons itself remaining profitable for over a decade.
Two British Sikh runners, Baldev Singh Bains and Manny Singh Kang, participated in the 2026 London Marathon, raising thousands of pounds for charity. Bains ran in memory of Fauja Singh, aiming to fund a community sports club, while Kang raised money for Dementia UK.
Tata Consultancy Services (TCS) employee headcount fell by a massive nearly 20,000 in a single quarter, as India's largest IT services company continues to restructure workforce to align with changed business dynamics. According to Q2 FY26 data on its website, the company's headcount has dropped to 5,93,314 in September quarter as compared to 6,13,069 in June quarter, even as IT workers' union NITES accused TCS of downplaying large scale layoffs through under-reporting.
Financial services giant HDFC Bank, carrying a brand value of $44.9 billion, has surged past IT consulting behemoth Tata Consultancy Services (TCS) to reclaim its crown as the country's most valued brand, according to the 2025 Kantar BrandZ Most Valuable Indian Brands report.
Tata Consultancy Services (TCS) on Friday announced the launch of an Artificial Intelligence (AI) Experience Zone and Design Studio in London, and said its continued investments in the UK will create 5,000 new jobs across the country over the next three years. Currently, TCS supports over 42,000 direct and indirect jobs across the United Kingdom. In FY2024, TCS contributed 3.3 billion pounds to the UK economy, according to a regulatory filing by the company.
Indian benchmark indices Sensex and Nifty surged over 1 per cent, with the Sensex jumping 918.60 points, driven by strong buying in banking and financial counters and a positive trend in global equities, fuelled by hopes of easing West Asia tensions.
Mcap of top 6 most valued firms drops nearly Rs 65k cr; Airtel biggest laggard
While TCS cited evolving business needs and future readiness as reasons, industry experts say the action is a cost-cutting measure aimed at improving operating margins that have remained below the firm's aspirational range despite multiple efforts.
'We sent just 500 people from India to the US on H-1B visas. There is no dependence on H-1B visas.'
HCL Technologies remains under pressure after missing Q4 expectations and issuing cautious FY27 guidance. Analysts highlight weak margins, soft demand, and muted growth outlook.
A key mistake would be continuing to rely on provisions of the Income-Tax Act, 1961, where the new law now applies, and vice versa.
The buyback comes at a time when Infosys shares have declined 19 per cent so far this year.
Indian IT services companies are set to significantly increase their acquisition spending to $6.5-7 billion this year, up from $5 billion last year, as they seek to boost revenue and capabilities in areas like Cloud, data, enterprise platforms, and AI amidst a challenging economic environment.
Jefferies has downgraded Indian information technology (IT) companies Infosys, HCLTech, and Mphasis to "hold"; LTI MindTree, Tata Consultancy Services (TCS) and Hexaware to "underperform", citing artificial intelligence (AI)-related concerns. Coforge, Sagility and IKS, however, still remain its top picks.
Under the TMC, Bengal has seen expansion of welfare, but not big-ticket private investment.
India's largest IT firm Tata Consultancy Services has allegedly forced around 2,500 employees in Pune to resign from their jobs, the IT employees' body NITES said in a letter to Maharashtra Chief Minister on Wednesday.
While FY25 attrition rates remained below pre-Covid levels, most companies experienced a 1 to 3 percentage point increase compared to FY24.
Tata Consultancy Services (TCS), Cognizant and eight other major corporations have been questioned by US Senators for filing thousands of H-1B skilled labour visa petitions after conducting "mass layoffs" of American employees.
Companies listed on the National Stock Exchange (NSE) main board increased their Corporate Social Responsibility (CSR) expenditure by 23 per cent year-on-year to Rs 22,212 crore in 2024-25 (FY25), driven by a significant jump in average net profits, according to a PRIME Database Group report.
India's largest IT services firm, Tata Consultancy Services (TCS), is set to lay off about 2 per cent, or 12,261 employees, of its global workforce this year, with the majority of those impacted belonging to middle and senior grades. As of June 30, 2025, TCS's workforce stood at 613,069. It increased its workforce by 5,000 employees in the recently concluded April-June quarter.
India's largest IT services company Tata Consultancy Services (TCS) on Wednesday informed employees that it will roll-out wage hikes for about 80 per cent of workforce, covering mid to junior levels.
The FM proposed a rule-based automated process for small taxpayers in FY27 Budget.
As Tata Consultancy Services (TCS), gets ready to lay off about 12,261 employees from its global workforce this year, here's what it means for your career.
India's largest IT services firm Tata Consultancy Services (TCS) on Thursday reported a 1.39 per cent increase in consolidated net profit to Rs 12,075 crore in the July-September quarter of this financial year.
Indian stock markets tumbled sharply with the Sensex falling 800 points and nearly 4 lakh crore wiped out in a single session. Here are the 6 key factors, including rupee weakness and global cues, behind the crash.
The selloff in domestic information technology stocks intensified on Friday, with the Nifty IT index sliding as much as 5.2 per cent during the session before paring losses to close 1.44 per cent lower.
'4 lakh to 5 lakh people graduating in computer science getting jobs in software companies will not happen.'
Andhra Pradesh is set to launch India's first indigenously built, open-access quantum computers, marking a significant step towards building a sovereign quantum hardware ecosystem. The initiative aims to position the state as a global hub for quantum technology and enable applications in various sectors.
No income tax relief, but compliance burden eased for youth and middle class through lower TCS.
India's largest IT services company TCS believes that generative artificial intelligence (AI) is not just another tech cycle but a "civilisational shift" which will positively benefit every industry.
Indian stock markets recovered from early losses to close higher, driven by value buying in IT and banking shares and a rebound in the rupee.
The message is becoming clearer: Employees who fail to meaningfully integrate AI into their work risk falling behind in performance assessments.
Tata Consultancy Services (TCS), the country's largest player in information-technology (IT) export, has seen a sharp decline in its contribution to the Tata group's market capitalisation in recent years though it remains the most valuable company in the conglomerate. Its 44.8 per cent share in the combined market capitalisation of the listed Tata group companies is the lowest since March 2009 and is down sharply from the all-time high contribution of 74.4 per cent at the end of March 2020.
This single amendment, unfortunately, overshadows much of the Budget's promise, explains Harsh Roongta.
