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tcs
Business Top-5 Valued Firms Add Rs 1.54 Lakh Crore in Market Cap; TCS Emerges Biggest Gainer
Five of India's 10 most-valued companies added Rs 1.54 lakh crore to their market capitalisation last week. TCS was the biggest gainer, adding Rs 72,072 crore after reporting a 4.61% rise in June-quarter net profit. The rally was driven by encouraging IT sector earnings and renewed buying in financial stocks.
Business Dalal Street Outlook: TCS Earnings, Crude Oil, Fed Minutes to Drive Stock Market This Week
Indian equity markets enter a pivotal week with the June-quarter earnings season beginning, led by TCS on July 9. Investors will also track crude oil prices around $68-69 a barrel, US Federal Reserve minutes, and progress of the southwest monsoon. Last week, the BSE Sensex rose 0.86% and the Nifty gained 0.89%.
Business Indian IT Stocks Crash Rs 1.35 Lakh Cr on Accenture Warning; Analyst Sees Further Downside
Indian IT stocks suffered a massive sell-off on Friday, erasing nearly Rs 1.35 lakh crore in market value, after Accenture's weaker-than-expected outlook reignited fears of AI-driven disruption. The Nifty IT index fell 6%, taking its calendar-year decline to 29%. Brokerages warned of further earnings downgrades and valuation compression for Indian IT firms.
Business TCS Renews 1.5 Million Sq Ft Chennai Lease Worth ₹1,420 Crore Over 10 Years
Tata Consultancy Services (TCS) has renewed its lease for nearly 1.5 million sq ft of office space at Chennai One IT SEZ in Thoraipakkam, committing an estimated ₹1,420 crore in rentals over 10 years, according to property analytics platform Propstack. The lease, effective November 1, 2025, covers 14.66 lakh sq ft across multiple towers in Blocks A and B, owned by IG3 Infra Ltd. The deal underscores TCS's long-term commitment to Chennai, one of its largest delivery and talent hubs for global IT services exports.
Technology TCS Will Have as Many AI Agents as Employees, Says Chairman Chandrasekaran
Tata Consultancy Services chairman N Chandrasekaran announced at the company's 31st AGM that AI agents will eventually match the number of human employees, marking a structural shift in IT hiring. He identified five growth areas including AI deployment in warehouses and supply chains. Separately, Paytm plans to hire 4,000 employees while trimming 1% of its workforce.
Business TCS Shares Plummet 8% Amid Market Volatility
Tata Consultancy Services (TCS) shares fell over 8%, marking the worst single-day drop since the Covid-era crash. The decline erased recent gains and raised concerns about market stability.
Business IT Stocks Surge as Investors Reassess AI Impact
Shares of Infosys, TCS, and Tech Mahindra surged as investors reassessed the impact of AI on the IT sector. The Nifty IT index climbed 3%, driven by technical signals and upcoming US Federal Reserve policy decisions.