This is a big shift coming after nearly two years of quarterly variable allowance being slashed to 20-50 percent for the mid and senior-level employees
TCS’ HyperVault unit and OpenAI have agreed to a multi-year partnership to develop AI infrastructure in India. In the initial phase, TCS will develop AI infrastructure with 100MW capacity, with an option to scale to 1 GW.
FIIs’ combined investment in IT stocks declined to Rs 4.49 lakh crore as of February 15, the lowest level in four years. This compares with Rs 5.34 lakh crore at the end of January 2026.
Under the collaboration, TCS — through its subsidiary HyperVault AI Data Center Limited (HyperVault) — and AMD will co-develop the architecture that will be purpose-built to support 'sovereign AI factories' aligned with India’s national AI initiatives.
The AI transition has been in the works for at least over a year for most of these Tier-1 IT majors, and this reflected in the steadfast belief Indian investors held in the past couple of weeks even as the US-driven AI panic led to stock rout.
At close, SBI’s market capitalisation stood at Rs 10.9 lakh crore, higher than the Rs 10.53 lakh crore market cap reported by Tata Consultancy Services (TCS).
Budget 2026 brings relief for travellers as lower TCS reduces upfront costs on international tour packages, making overseas travel more affordable.
Tax treatment of buyback and announcements pertaining to safe harbour lift sentiment for IT
The Prime Minister emphasised the need to embrace new technology in all spheres and use it to contribute to national growth
The facility is expected to be ready by 2027, and will serve as a strategic delivery hub for clients across Brazil and the wider Latin American region.
IT majors such as TCS, Infosys and HCLTech have said new 'wage definition' in the labour codes has squeezed profits and led to an exceptional charge of over Rs 4,300 crore
The list of Indian brands in the world’s top 25 IT Services ranking increased from seven to eight, highlighting the sector’s depth, with leaders such as TCS and Infosys combining sustained revenue growth with advanced capabilities in AI, cloud, and cybersecurity.
When compared to 9MFY25, the top five IT services majors’ hiring plunged more than 105 per cent in 9MFY26.
The IT majors see this as a one-time cost, which will have an impact of around 10-20 bps on operating margins annually.
These exits include voluntary churn, routine attrition and other non-restructuring reasons, apart from the 7,800 employees TCS says it 'released' as part of its ongoing workforce review
TCS Q3 results: In the December quarter, the company reported $9.3 billion in deal total contract value
'It (terminations) is purely a process and we only release employees if there is a genuine reason,' says TCS CHRO K Sudeep
The IT major reports a steady quarter with revenue uptick, stable margins, and healthy orders
Motilal Oswal is bullish on TCS recommended buy rating on the stock with a target price of Rs 4400 in its research report dated January 12, 2026.
Choice Institutional Equities is bullish on TCS has recommended buy rating on the stock with a target price of Rs 3950 in its research report dated January 13, 2026.
Manish Kumar's father was a daily wage earner with the forest guards in the area, and he would often accompany him for 'adventures' in the jungle. It led to him developing a deep respect and love for the wildlife.
If you bought a car costing over Rs 10 lakh, you probably paid 1% extra as TCS. That money isn’t a tax you lose — but many buyers don’t realise how or when it actually comes back.
TCS announced around eight deals during the quarter, the highest among Tier-I IT players, despite being a seasonally weak quarter amid holidays in the US and furloughs.