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Asia

Tata Consultancy Services Launches Lights-Out Factory Lab in Pune

Tata Consultancy Services (NSE:TCS, BOM:532540) launched the TCS Industrial Autonomy & Engineering Lab - Lights-Out Factory at its Sahyadri Park campus in Pune, according to a Wednesday bourse filing.The factory lab integrates technologies including robotics, industrial AI, and factory control systems, to simulate how self-optimizing factories can automate operations using the TCS Human+AI Service Autonomy Model.

BOM:532540NSE:TCS
Asia

Tata Consultancy Services Wins INR1.23 Billion Odisha State Workflow Automation Bid

Tata Consultancy Services (NSE:TCS, BOM:532540) won a bid worth 1.23 billion Indian rupees to implement the next phase of the Odisha State Workflow Automation System.The project will extend the company's partnership with the Government of Odisha by around six years, according to a Tuesday Hong Kong bourse filing.The governance platform, which is powered by TCS DigiBOLTTM, will integrate workflow automation, integration, analytics, security, and AI-enabled capabilities on a common digital foundation.OSWAS has replaced paper-based processes since 2009 and supports more than 4,600 government offices and nearly 50,000 users across the state.

BOM:532540NSE:TCS
Asia

Tata Consultancy Services Launches AI-Native Creative Engineering Studio in London

Tata Consultancy Services (NSE:TCS, BOM:532540) launched a 4,500-square-foot Interactive Creative Engineering Studio in London to help clients develop digital and AI-based solutions.The studio will bring together creative, industry and engineering teams and connect regional clients with Tata Consultancy Services' global network of studios, according to an Indian bourse filing on Monday.Shares of the company fell nearly 2% in recent trade.

BOM:532540NSE:TCS
Asia

Tata Consultancy Unit HyperVault to Build Up to 1GW AI Data Center Campus in Telangana

Tata Consultancy Services (NSE:TCS, BOM:532540) said its subsidiary HyperVault AI Data Center has secured 264 acres in Hyderabad, Telangana, India, to develop an AI data center campus with a capacity of up to 1GW, according to a Saturday exchange filing.The campus will provide high-density, liquid-cooled infrastructure for AI companies and hyperscalers, supporting training, inference and other advanced workloads.HyperVault and its partners are expected to invest up to 700 billion rupees in the campus, which will use green energy and a water-neutral design.The project is expected to create several thousand direct and indirect jobs.

BOM:532540NSE:TCS
Asia

Tata Consultancy Services to Streamline Metro's IT Systems

Tata Consultancy Services (NSE:TCS, BOM:532540) has been selected as a strategic partner by METRO to support its international strategy by using AI-based solutions, according to a Thursday bourse filing.The company will help move the international wholesaler to a centralized technology environment from a localized application landscape, simplify its operations, and enable scalable growth.

BOM:532540NSE:TCS
Asia

Tata Consultancy Unit to Acquire Porsche Unit MHP for 320 Million Euros

Tata Consultancy Services (NSE:TCS, BOM:532540) said its wholly owned unit, Tata Consultancy Services Netherlands, has agreed to acquire 100% of MHP Management- und IT-Beratung, a subsidiary of Porsche AG, for an enterprise value of 320 million euros.The deal is expected to close within three to four months, subject to regulatory approvals and other conditions, according to an Indian bourse filing.MHP provides consulting and technology services to the automotive and industrial sectors, including AI, digital transformation, SAP and manufacturing technology.

BOM:532540NSE:TCS
Asia

Tata Consultancy Services Partners with Vodafone in AI, Cloud, Cybersecurity Niches

Tata Consultancy Services (NSE:TCS, BOM:532540) entered into a strategic partnership with Vodafone Business, according to a Thursday Indian bourse filing.The company will help Vodafone support companies in the U.K. with scalable digital foundations built for growth.The partnership will center on areas including cloud, AI and automation, cyber security, digital infrastructure, data and analytics, IoT, and beyond.Vodafone Business is a unit of VodafoneThree, a U.K.-based mobile operator.

BOM:532540NSE:TCS
Asia

Tata Consultancy Services Launches Gemini Experience Center in Mexico

Tata Consultancy Services (NSE:TCS, BOM:532540) set up a new Gemini Experience Center in Mexico City.This is the company's second such center in Latin America and ninth globally, according to a Tuesday Indian bourse filing.The facility, equipped with over 3,000 industry- and context-aware AI agents, will empower local organizations with advanced AI capabilities and assist them in expediting the development of innovative solutions.

BOM:532540NSE:TCS
Asia

Tata Consultancy Services Expands Nvidia Tie-Up With Bengaluru AI Lab

Tata Consultancy Services (NSE:TCS, BOM:532540) launched an industrial AI lab at its Global Axis campus in Bengaluru in collaboration with Nvidia, according to a Wednesday press release.The facility will help enterprises develop, test, and deploy AI applications for mobility, manufacturing, and industrial operations using Nvidia's AI infrastructure.The lab supports use cases including autonomous driving, digital twins, predictive maintenance, quality inspection, and vision AI.

BOM:532540NSE:TCS
Asia

Tata Consultancy Services Partners With JFK's New Terminal One on Airport Technology

Tata Consultancy Services (NSE:TCS, BOM:532540) has entered into a strategic partnership with the New Terminal One at John F. Kennedy International Airport in the US to provide technology and innovation services for the new terminal.Tata Consultancy will develop digital infrastructure, AI-enabled IT operations and airport management solutions to support passenger processing, luggage handling and terminal security, according to an Indian bourse filing on Tuesday. The partnership is aimed at improving operational efficiency and enhancing the passenger experience while reducing costs for airlines.

BOM:532540NSE:TCS
Asia

Tata Consultancy Services, ABB Expand Collaboration in Multi-Million, Multi-Year Deal

Tata Consultancy Services (NSE:TCS, BOM:532540) agreed to continue its collaboration with Swiss-Swedish industrial technology company ABB to boost its global network operations, according to a Monday release by Tata.Under the multi-million, multi-year deal, Tata Consultancy plans to scale its role from managing infrastructure and applications to delivering complete global network operations.Tata Consultancy will build on a 20-year partnership to support ABB in optimizing user experience, boosting operational efficiency, increasing security and compliance, and expanding service delivery under the latter's Future Network Model program.The tech company will design, integrate, and run ABB's global network ecosystem as a secure, AI-driven service and coordinate its multi-vendor environment to enable seamless global operations in place of fragmented network environments."We will enable network systems that can sense, adapt, and improve continuously, while strengthening reliability, security, user experience, and scale as ABB continues to advance as a future-ready enterprise, " Tata Consultancy's President of Manufacturing, Anupam Singhal said.

BOM:532540NSE:TCS
Asia

Tata Consultancy Services to Build Nearly 9,000-Member AI Engineering Team, Eyes Acquisitions to Expand AI Business

Tata Consultancy Services (NSE:TCS, BOM:532540) is building a team of up to 8,900 forward-deployed engineers and evaluating acquisitions in artificial intelligence, data security and cybersecurity as it seeks to expand its AI business, Reuters reported on Sunday, citing company executives.TCS CEO K. Krithivasan said the company aims to have 1% to 1.5% of its workforce in forward-deployed engineering roles, which involve working directly with clients to accelerate AI adoption and develop tailored solutions.The company is also considering acquisitions in AI-related areas after years of relying mainly on organic growth, CFO Samir Seksaria said.TCS reported slower AI revenue growth in the first quarter, with annualized AI revenue growth easing to 13% from 28% in the prior quarter, Reuters noted.Shares of the company rose nearly 3% in recent trade.

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Asia

ICICIdirect.com Downgrades Tata Consultancy Services to Hold From Buy; Price Target is INR2,200

Tata Consultancy Services (NSE:TCS, BOM:532540) has an average rating of overweight and mean price target of 2,560.61 Indian rupees, according to analysts polled by FactSet.

BOM:532540NSE:TCS
Tata Consultancy Services Posts Higher Fiscal First-Quarter Earnings; Order Book Shrinks
US Markets

Tata Consultancy Services Posts Higher Fiscal First-Quarter Earnings; Order Book Shrinks

Tata Consultancy Services (NSE:TCS, BOM:532540) delivered higher earnings for the first quarter of the 2027 fiscal year despite a challenging macroeconomic environment.However, the Indian IT services and consulting company posted a drop in its order book despite a number of deals made for the year.Profit attributable to shareholders increased to 133.5 billion Indian rupees in the quarter ended June 30, from 127.6 billion rupees a year ago, according to a Thursday Indian bourse filing.Earnings per share climbed to 36.90 rupees from 35.27 rupees a year earlier.Revenue from operations edged up 14% year on year to 722.8 billion rupees from 634.4 billion rupees. Jefferies said the revenue figure slightly missed their estimates.Tata Consultancy's order book declined to $9.5 billion from $12 in the prior quarter, despite a number of deals made.The company secured several contracts and scaled its AI revenue run rate to $2.6 billion. Notable agreements include an $800 million deal to modernize the global IT infrastructure of Swedish manufacturing major SKF; a partnership with AI giant Anthropic in June to establish a dedicated business unit, bringing the Claude AI assistant to 50,000 TCS employees; and an IT modernization deal wth Norwegian packaging firm Elopak and Canada Life."Q1 FY27 reflects continued growth momentum and the strength of our strategic positioning, despite geopolitical and macro-economic headwinds," K Krithivasan, Tata's chief executive officer and managing director, said."We delivered a strong order book of $9.5 billion, including a marquee AI-led transformation deal with SKF, while continuing to add clients across key revenue bands and scaling our AI business to a $2.6 billion annualized revenue run rate."Jefferies said Tata's margins are expected to stay within the range in the absence of strong revenue growth."Weak growth across key regions, flat year-on-year bookings and continued AI-led revenue deflation should keep TCS's growth in check," Jefferies said in a Thursday release.The company's board declared an interim dividend of 12 rupees per share, payable July 31 to shareholders on record by July 15.

BOM:532540NSE:TCS
Asia

Market Chatter: No Plans to Cut Headcount Amid Rise in AI Adoption, Tata Consultancy CEO Says

Indian technology giant Tata Consultancy Services (NSE:TCS, BOM:532540) does not plan to reduce its overall headcount due to artificial intelligence (AI) and will hire for newer AI-native skill sets, according to a Moneycontrol.com report on Thursday, citing the company's chief executive officer and managing director K Krithivasan.Krithivasan's comments come amid rising concerns of job losses due to the notion that AI will replace employees.There would be no "drastic change" in headcount, however, there could be a change in the skillset requirements, and other new opportunities would come up, Krithivasan said at the company's June earnings conference on Thursday, according to the news report.In the fiscal first quarter ended June 30, Tata Consultancy Services recorded its biggest quarterly headcount addition in four years with the addition of 9,279 employees on a net basis, taking its total workforce to 593,798, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

BOM:532540NSE:TCS
Asia

Tata Consultancy Services Posts Higher Fiscal Q1 Consolidated Profit; Declares Interim Dividend

Tata Consultancy Services (NSE:TCS) attributable consolidated profit increased to 133.5 billion Indian rupees in the fiscal first quarter ended June 20, from 127.6 billion rupees a year ago.Earnings per share climbed to 36.90 rupees from 35.27 rupees a year earlier, according to a Thursday filing to the Indian bourses by the technology giant.Revenue from operations in fiscal Q1 also rose year on year to 722.8 billion rupees from 634.4 billion rupees.The company's board declared an interim dividend of 12 rupees per share, payable July 21 to shareholders of record on July 15.

BOM:532540NSE:TCS
Asia

Nomura Adjusts Tata Consultancy Services' Price Target to INR2,570 From INR2,930, Keeps at Buy

Tata Consultancy Services (NSE:TCS, BOM:532540) has an average rating of overweight and mean price target of 2,810.50 Indian rupees, according to analysts polled by FactSet.

BOM:532540NSE:TCS
Research

Morgan Stanley Downgrades Tata Consultancy Services to Equal-Weight from Overweight; Price Target is INR2,200

Tata Consultancy Services (NSE:TCS, BOM:532540) has an average rating of overweight and mean price target of 2,842.05 Indian rupees, according to analysts polled by FactSet.

BOM:532540NSE:TCS
Asia

Tata Consultancy Services Partners With Elopak for Multi-Year IT Transformation Program

Tata Consultancy Services (NSE:TCS, BOM:532540) has entered into a multi-year partnership with Elopak ASA to manage and transform the latter's global IT operations.Tata Consultancy Services will oversee Elopak's IT services through a process-centric operating model, aligning technology operations with business priorities and improving efficiency and agility, according to an Indian bourse filing on Wednesday.The scope of work includes deployment of an integrated service desk and modernization of key enterprise applications across Elopak's global operations.Shares of Tata Consultancy rose nearly 1% in recent trade.

BOM:532540NSE:TCS
Asia

Tata Consultancy Services Bags Multi-Year Contract from UK's Tottenham Hotspur Football Club

Tata Consultancy Services (NSE:TCS, BOM:532540) has secured a multi-year contract from the UK's Tottenham Hotspur Football Club for the latter's digital transformation, according to a Tuesday filing to the Indian stock exchanges.The Indian technology company will provide advanced solutions across fan engagement, club operations, and Tottenham Hotspur's broader digital ecosystem.The Indian IT services company will also deliver advanced analytics and insights to support the club's operations and decision-making.

BOM:532540NSE:TCS

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