IT

Tata Consultancy Services (TCS) reported strong financial performance for the second quarter, posting a rise in both profit and revenue, underscoring resilience in its IT services business despite macroeconomic headwinds. Consolidated revenue increased to Rs. [insert accurate figure], driven by sustained demand across digital transformation, cloud services, and enterprise solutions. Net profit expanded by [insert percentage or Rs. amount], reflecting operational efficiency and cost management.

Tata Consultancy Services (TCS) has announced the acquisition of ListEngage, a leading U.S.-based Salesforce digital marketing services firm, in a deal valued at approximately Rs. 607 crore (USD 72.8 million). The acquisition marks a strategic move by TCS to enhance its Salesforce cloud offerings, expand its presence in North America, and bolster its customer experience solutions portfolio.

Infosys has partnered with Telenor to modernize its human resources operations through a comprehensive Oracle Cloud implementation. The initiative aims to streamline HR processes, enhance employee experience, and drive operational efficiency across the telecom company’s workforce. Leveraging Oracle Cloud’s advanced capabilities, Telenor expects improved payroll management, talent acquisition, and performance analytics. This digital transformation reflects the broader trend of enterprise adoption of cloud-based solutions to optimize human capital management.

India’s equity markets witnessed a sharp correction as top companies collectively lost ₹2.99 lakh crore in market capitalization. Information technology giant TCS bore the brunt, alongside other major corporates, reflecting investor caution amid global economic uncertainties, interest rate concerns, and sector-specific pressures. Analysts attribute the sell-off to a mix of profit booking, macroeconomic volatility, and concerns over IT export demand. The decline underscores market sensitivity to global cues and domestic earnings performance.

CSM Technologies, a specialist in IT consulting and digital transformation solutions, has filed draft papers with SEBI to launch its initial public offering (IPO). The company plans to raise capital to fund expansion, enhance technological capabilities, and strengthen its service portfolio. With increasing demand for enterprise digital solutions across sectors, the IPO positions CSM Technologies to scale operations, broaden its market footprint, and enhance brand recognition.

Tata Consultancy Services (TCS) has announced a strategic partnership with the Centre for Development of Advanced Computing (C-DAC) to advance India’s sovereign cloud initiative, a move aimed at strengthening data security, digital sovereignty, and technological self-reliance. The collaboration seeks to deploy scalable cloud infrastructure for government and critical enterprises, ensuring that sensitive data remains within national jurisdiction.

Infosys, India’s second-largest IT services exporter, has announced that its board will deliberate on a share buyback proposal during its scheduled meeting on September 11. The move, if approved, would mark another attempt by the company to return surplus capital to its shareholders while reinforcing investor confidence amid a challenging global technology environment. Share buybacks have historically served as a strategic tool for Infosys, reflecting both financial strength and management’s optimism about the firm’s long-term growth trajectory.

Indian equity markets closed lower on Wednesday, as selling pressure in heavyweight information technology and banking stocks offset earlier gains. After a strong start to the week, investor sentiment weakened amid concerns over global economic trends and cautious foreign institutional flows. The benchmark indices gave up early advances, reflecting heightened volatility as traders booked profits in key sectors. IT stocks bore the brunt of selling, while banking counters also registered notable declines, dragging the indices into the red.

Tata Consultancy Services (TCS), India’s largest IT services firm, is set to roll out annual salary increases for 80% of its workforce starting September 1. The move reflects the company's commitment to employee welfare and retention amid a globally evolving IT services landscape. With talent acquisition and attrition becoming focal points across the sector, TCS continues to reinforce its position as an employer of choice through timely compensation revisions.

Amid a global pivot toward artificial intelligence and automation, Infosys has announced plans to recruit 20,000 graduates in fiscal year 2025. The move reflects the IT giant’s intent to strengthen its talent pipeline and accelerate its AI-first transformation agenda. At a time when many global technology firms are treading cautiously on hiring, Infosys is signaling confidence in long-term digital demand.