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NDTV Profit Exclusive: Shankar Sharma Defends Infosys, TCS, Wipro; Says No To Anthropic, OpenAI IPOs
In an exclusive conversation, Shankar Sharma criticised the rest of India's tech ecosystem, arguing that it is unfair to lay the blame on the big IT companies for losing the race on AI.
TCS could have as many AI agents as staff in 3 years; AI not a threat: Chandrasekaran
Tata Sons chairman says artificial intelligence is expanding the scope of IT services rather than threatening it, as TCS reports a $2.4 billion annualised AI revenue run-rate and outlines five major AI opportunities.
TCS renews 1.5 million sq ft Chennai office lease in Rs 1,420-cr rental deal
Tata Consultancy Services (TCS) has renewed its lease for nearly 15 lakh sq ft of office space in Chennai for 10 years, committing approximately Rs 1,420 crore. This significant renewal underscores TCS's long-term commitment to Chennai as a key delivery hub, despite ongoing discussions about AI's impact on tech employment.
TCS has lost more market value than the Tata Group during the first six months of the year
TCS currently is trading at the lowest level since June of 2020. For the first six months of the year, including June, it has declined in five of them, and the last time the stock was down more than 30% in a calendar year goes all the way back in 2008 when it had declined 55%.
TCS signs multi-year service agreement with Canada Life
As part of the agreement, TCS will leverage its AI & digital capabilities to modernise and manage Canada Life's data centres, core infrastructure, end-user computing, and software lifecycle management. The transformation will help improve operational resilience, increase automation, and enhance user experience for its customers.
TCS secures multimillion-Euro AI-powered transformation deal with Canada Life
To support the agreement, TCS will expand its talent base across infrastructure services in the UK, Ireland, the Isle of Man, and Germany, with planned investments in certifications and career development opportunities.
TCS, Wipro to Infosys: IT stocks bleed on AI and tech stocks selloff in global markets; Nifty IT dips 2%
The Nifty IT Index decreased by 2% on June 8, primarily due to significant losses in major stocks, particularly Wipro. Conversely, Tech Mahindra and a few others showed gains, helping to soften the index's drop.
TCS shares slip 2%, down 12% in 4 straight sessions. What’s triggering the decline?
TCS shares tumbled 2% Monday, extending a four-day loss to 12%, as rising U.S. bond yields fueled fears of further Federal Reserve rate hikes. This downturn, coupled with AI disruption concerns, has pushed the stock down over 32% this year. Experts advise caution, citing weakening momentum and a bearish trend, suggesting rallies may face selling pressure.
Nifty IT index tanks 9% in 4 days; Wipro, TCS down up to 6%; here's why - Business Standard
Nifty IT index tanks 9% in 4 days; Wipro, TCS down up to 6%; here's whyBusiness Standard
Sensex Today Tanks 617 Points | Nifty Below 23,200 | TCS & Tata Steel Top Losers - Equitymaster
Sensex Today Tanks 617 Points | Nifty Below 23,200 | TCS & Tata Steel Top LosersEquitymaster
Sensex Today Tanks 617 Points | Nifty Below 23,200 | TCS & Tata Steel Top Losers - Equitymaster
Sensex Today Tanks 617 Points | Nifty Below 23,200 | TCS & Tata Steel Top LosersEquitymaster
