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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

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

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

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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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.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:532540NSE:TCS

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

US Markets20d ago

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.

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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

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

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.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:532540NSE:TCS

Research31d ago

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.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:532540NSE:TCS

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

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

Indian Equities Extend Rally on Thursday as Peace Deal Optimism Supports Risk Appetite

Indian benchmark indices ended higher on Tuesday, extending gains for a third straight session as improving global sentiment and lower crude oil prices continued to support buying across sectors.The BSE Sensex rose 544.15 points, or 0.7%, to close at 76,808.48, while the NSE Nifty 50 gained 135.25 points, or 0.6%, to settle at 23,989.15.The proposed U.S.-Iran peace agreement lifted sentiment across markets as easing energy supply concerns pushed crude oil prices lower. Investors are now awaiting the formal signing of the deal, which is expected to bring an end to the conflict in the Gulf region.In corporate developments, Tata Consultancy Services (NSE:TCS, BOM:532540) said it expects to record an additional one-time charge of $70 million in the first quarter of fiscal 2027 related to its ongoing legal dispute with DXC Technology. The disclosure follows the U.S. Supreme Court's decision not to review the case.Bharti Airtel (NSE:BHARTIARTL, BOM:532454) incorporated a wholly owned subsidiary, Airtel Global IFSC, in Gujarat International Finance Tec-City. The new entity will operate as a finance company focused on global corporate treasury activities and other permitted services.

^BSENifty 50BOM:532454BOM:532540NSE:BHARTIARTLNSE:TCS

Tata Consultancy Services to Book $70 Million Exceptional Expense in Fiscal Q1 in DXC Trade Secrets Case

Tata Consultancy Services (NSE:TCS, BOM:532540) said it will recognize an additional $70 million as a one-time exceptional expense in Q1 FY27 toward damages, interest and legal costs related to its ongoing dispute with DXC Technology.The company said it has already provided $150 million in its books for the matter in line with applicable accounting standards.The U.S. Supreme Court on Monday rejected Tata Consultancy's petition seeking review of a lower court ruling in a trade secrets dispute with DXC Technology.The case stems from a 2019 lawsuit filed by DXC's predecessor Computer Sciences Corp, which alleged misuse of proprietary life-insurance software to build a competing platform. A jury in 2023 had recommended $210 million in damages, later reduced to $168 million by a U.S. court.Tata Consultancy shares rose nearly 2% in recent trade.

BOM:532540NSE:TCS

Market Chatter: Tata Consultancy Services Loses U.S. Supreme Court Appeal in $168 Million Trade Secrets Case

Tata Consultancy Services (NSE:TCS, BOM:532540) failed to convince the U.S. Supreme Court to overturn a ruling requiring it to pay $168 million to DXC Technology in a trade secrets dispute, Reuters reported on Tuesday.The award includes $56 million in compensatory damages and $112 million in punitive damages, the report noted. The case is based on allegations that Tata Consultancy improperly used proprietary information related to building a life-insurance software, the report added.Challenging the damages award, Tata Consultancy argued that it was not supported under U.S. trade secrets law, Reuters reported. The company denied wrongdoing and maintained that the information in question was not confidential and was accessed lawfully, it added.The dispute started with a lawsuit filed in 2019 by DXC predecessor Computer Sciences Corp, which alleged that Tata Consultancy used its proprietary life-insurance software and related information to build a competing platform, according to the report.In 2023, a jury in an advisory verdict said Tata Consultancy should pay $210 million for deliberately stealing trade secrets. A federal judge later reduced the award to $168 million in 2024, and an appeals court upheld the decision in 2025, Reuters reported.Tata Consultancy shares rose over 1% in recent trade.(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

Tata Consultancy Services Launches Oracle AI Data Platform Lab in Kolkata, India

Tata Consultancy Services (NSE:TCS, BOM:532540) has launched an Oracle AI Data Platform Lab and Center of Excellence in Kolkata, India, according to a Friday filing on Indian exchanges.The facility will help organizations turn enterprise data into actionable insights and implement AI-driven automation at scale.Tata Consultancy said it plans to establish similar hubs in four more Indian cities over the next three years.Shares of the company rose 1% in recent trade.

BOM:532540NSE:TCS

Indian Equities End Lower on Thursday as Middle East Tensions Weigh on Sentiment

Indian benchmark indices closed lower on Thursday after a choppy session, as persistent geopolitical uncertainty in the Middle East weighed on investor sentiment.The BSE Sensex declined 150.63 points, or 0.2%, to settle at 73,832.55, while the NSE Nifty 50 fell 53.35 points, or also 0.2%, to close at 23,161.60.Markets remained largely range-bound through the day, but selling pressure in technology stocks and lack of buying support from heavyweight counters pulled indices lower in late trade.Escalating conflict in the Middle East, where continued U.S. military strikes on Iran and retaliatory actions across the region, affected market sentiment negatively as hopes of a peace deal faded. Fears of prolonged disruption to key shipping routes through the Strait of Hormuz added to investor caution.In corporate developments, Tata Consultancy Services (NSE:TCS, BOM:532540) announced a partnership with Anthropic to accelerate enterprise adoption of artificial intelligence. The collaboration includes the creation of a dedicated unit focused on building industry-specific AI solutions using Anthropic's Claude models.L&T Technology Services (NSE:LTTS, BOM:540115) also entered a strategic partnership with Databricks to develop industrial AI solutions for sectors such as energy, petrochemicals, and heavy industries, combining engineering capabilities with advanced data platforms.

^BSENifty 50BOM:532540BOM:540115NSE:LTTSNSE:TCS

Tata Consultancy Services Ties Up with Anthropic to Drive Enterprise AI Adoption

Tata Consultancy Services (NSE:TCS, BOM:532540) has partnered with Anthropic, which operates AI assistant Claude, to help customers scale enterprise AI adoption, according to a Thursday filing to the Indian stock exchanges.Under the partnership, TCS will establish a dedicated business unit focused on developing joint industry solutions, customer offerings, and AI expertise around Anthropic's Claude family of models through early access to the technology.The Indian technology company will equip 50,000 associates across engineering, finance, legal, marketing, and sales with Claude through enterprise-wide licensing.With the internal deployment of Claude, TCS aims to gain experience to transform its own operations and use the learnings to help its clients.

BOM:532540NSE:TCS

TCS Launches New Unit to Help Enterprises Build AI-Native Global Capability Centers

Indian technology company Tata Consultancy Services (NSE:TCS, BOM:532540) has launched a dedicated business unit to help enterprises build AI-native global capability centers, according to a Monday filing to the Indian stock exchanges.Soumen Roy, who was most recently head of TCS Canada, has been appointed as head of TCS Global Value & Innovation Centres Business Unit (TCS GVIC).The unit offers end-to-end services including strategy, setup, and AI-led transformation, leveraging a Human + AI operating model.

BOM:532540NSE:TCS

Tata Consultancy to Modernize Canada Life's IT Infra Services Across European Businesses

Tata Consultancy Services (NSE:TCS, BOM:532540) has signed a multi-year deal with Canada Life to modernize its IT infrastructure services across European businesses, according to a Monday filing on Indian bourses.Under the agreement, TCS will manage and modernize Canada Life's data centers, core infrastructure, end-user computing and software lifecycle systems using its AI and digital capabilities, the filing said.The program is aimed at improving operational resilience, increasing automation and supporting the Canadian insurer's broader technology modernization strategy, it added.The company's shares fell 2% in recent trade.

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