NSE:TCS

25 stories mentioning NSE:TCSUpdated 15d ago

Every FINWIRES story that references NSE:TCS, newest first.

Tata Consultancy Services to Expand AI Use Across Nokian Tyres' IT Operations

Tata Consultancy Services (NSE:TCS, BOM:532540) partnered with Nokian Tyres to expand the use of artificial intelligence across the Finnish tiremaker's IT operations, according to an Indian bourse filing on Thursday.Under the agreement, TCS will provide application management, development and support services across Nokian Tyres' technology landscape. The services will cover functions including engineering, manufacturing, supply chain, commercial operations and corporate services.The partnership aims to improve the efficiency, scalability and resilience of Nokian's IT operations through AI-driven automation, data-led services and enhanced IT support capabilities, the companies said.

BOM:532540NSE:TCS

Asia57d ago

Indian Equities Slip Wednesday as IT Stocks Tumble, Oil Prices Rise

Indian equities fell on Wednesday, as IT stocks lost steam, heightened tensions in the Middle East led to rising oil prices, and foreign institutional investor outflows weighed on sentiment.The BSE Sensex slipped 0.4%, or 303.67 points, to finish Wednesday's session at 74,346.17. Likewise, the NSE Nifty 50 tumbled 0.3%, or 77.95 points, to 23,405.60.Investor sentiment dampened as ongoing tensions between the U.S. and Iran led to an increase in oil prices, fueling energy-related pressures, according to a report by The Times of India.Additionally, many IT heavyweights, which had led Tuesday's rally, posted sharp declines.Among the top losers were Tata Consultancy Services (NSE:TCS, BOM:532540), Tech Mahindra (NSE:TECHM, BOM:532755), and HCL Technologies (NSE:HCLTECH, BOM:532281), which plunged over 8%, 6%, and 5%, respectively.Apollo Hospitals Enterprise (NSE:APOLLOHOSP, BOM:508869) led gainers for the day, posting a rise of nearly 3%. Tata Motors Passenger Vehicles (NSE:TMPV, BOM:500570) and InterGlobe Aviation (NSE:INDIGO, BOM:539448) were down around 2% each at the day's close.In corporate news, Bajel Projects (NSE:BAJEL, BOM:544042) bagged a mega engineering, procurement, and construction order for a GIS substation from a data center client in Mumbai. Shares closed 3% higher.Elsewhere, IndiGo, operated by InterGlobe Aviation, said it will discontinue flight operations to and from Manchester effective Aug. 31 amid prolonged airspace restrictions, longer flight times, and higher operating costs.

^BSENifty 50BOM:500570BOM:508869BOM:532281BOM:532540BOM:532755BOM:539448BOM:544042NSE:APOLLOHOSPNSE:BAJELNSE:HCLTECHNSE:INDIGONSE:TCSNSE:TECHMNSE:TMPV

Asia57d ago

Tata Consultancy Services to Upgrade Sweden's Central Securities Depository; Shares Down 9%

Tata Consultancy Services (NSE:TCS, BOM:532540) secured a contract from its existing client Euroclear Group to digitally transform Sweden's Central Securities Depository, according to a Wednesday filing to the Indian stock exchanges.Under the contract, Euroclear Sweden will deploy the financial technology platform TCS BaNCS for Market Infrastructure and its digital solutions platform Quartz.Quartz will use its distributed ledger technology and artificial intelligence to support tokenized assets, decentralized settlements, and real-time, actionable insights.The project is aimed at helping Euroclear standardize technology across Sweden and Finland and provide a unified platform through a phased IT transition, including the migration of the Swedish market to the European Central Bank's TARGET2-Securities platform for secure pan-European settlement.The company's shares were down nearly 9% in recent trade.

BOM:532540NSE:TCS

Asia58d ago

Indian Equities Rise Tuesday Backed by IT Surge, Trade Talk Optimism

Indian equities rose on Tuesday, turning from four days of losses, supported by a robust end-of-day surge in major IT stocks and high hopes of successful U.S.-India trade negotiations.The BSE Sensex jumped 0.5%, or 382.5 points, to finish Tuesday's session at 74,649.84. Likewise, the NSE Nifty 50 climbed 0.4%, or 100.95 points, to 23,483.55.Investor sentiment improved on hopes of relief from US tariffs following talks between the two nations scheduled for June 2, 3, and 4, according to Business Standard.Additionally, IT heavy-weights led the day's gainers. Tata Consultancy Services (NSE:TCS, BOM:532540), Infosys (NSE:INFY, BOM:500209), and HCL Technologies (NSE:HCLTECH, BOM:532281) closed around 7%, 6%, and 4% higher on Tuesday.The top losers were NTPC (NSE:NTPC, BOM:532555), Axis Bank (NSE:AXISBANK, BOM:532215), and Power Grid Corporation of India (NSE:POWERGRID, BOM:532898), falling about 3%, 2%, and 1% at they day's close.In corporate news, Vedanta's (NSE:VEDL, BOM:500295) shares closed over 1% lower after India's financial investigation agency raided the mining company's premises over alleged foreign exchange violations.The searches were conducted to facilitate an investigation under the Foreign Exchange Management Act, First Post reported.

^BSENifty 50BOM:500209BOM:500295BOM:532215BOM:532281BOM:532540BOM:532555BOM:532898NSE:AXISBANKNSE:HCLTECHNSE:INFYNSE:NTPCNSE:POWERGRIDNSE:TCSNSE:VEDL

Asia60d ago

Moody's Upgrades Ratings of Four Major Indian Companies After Change in Rating Methodology

Moody's has upgraded the ratings of four major corporates in India as part of the revision of its sovereign-linked ratings methodology, which replaces its earlier framework, according to a Friday statement issued by the ratings agency.In this process, Tata Consultancy Services' (NSE:TCS, BOM:532540) long-term local currency issuer rating was upgraded to A2 from Baa1. The long-term local currency issuer rating of another technology giant, Infosys (NSE:INFY, BOM:500209), was upgraded to A2 from Baa1.Both companies are the only ones to be rated at four notches above the Indian sovereign.Moody's said both technology giants benefit from a highly diversified revenue base across geographies and sectors, strong and consistent profitability, excellent liquidity, a debt-free balance sheet, and sustained robust free cash flow generation.The ratings agency also upgraded Reliance Industries' (NSE:RELIANCE, BOM:500325) long-term local currency issuer rating and its foreign currency senior unsecured ratings to Baa1 from Baa2, while Tata Steel's (NSE:TATASTEEL, BOM:500470) long-term foreign currency issuer rating has moved up to Baa2 from Baa3.Moody's said Reliance gains from its leading positions across oil-to-chemicals, digital services, and retail, as well as counter-cyclical business segments and significant international exposure, with more than one-third of revenue coming from exports.For Tata Steel, Moody's said that the company continues to benefit from its close association with the parent Tata Sons and the broader Tata Group, including the strength of the Tata brand, which supports its access to funding and relationships with lenders and investors.The outlook for all four Indian companies remains stable, the statement said.

BOM:500209BOM:500325BOM:500470BOM:532540NSE:INFYNSE:RELIANCENSE:TATASTEELNSE:TCS

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