Tata Consultancy Services Ltd

Tata Consultancy Services (TCS) will acquire 100% of MHP Management - und IT -Beratung GmbH, a subsidiary of Porsche AG, for an enterprise value of €320 million, as part of a strategic partnership between the two companies. The five-year deal includes a €1.25 billion strategic agreement for TCS to provide AI services to Porsche, and will establish an AI Mobility Centre of Excellence for the automaker. The acquisition, which is expected to close within 3-4 months, is subject to regulatory approvals and will anchor a long-term AI transformation partnership.

Tata Consultancy Services announced that Porsche AG has entered into a five-year strategic deal with MHP and the company, valued at €1.25 billion, following TCS's acquisition of MHP Management - und IT-Beratung GmbH. The agreement, effective from the closing date of the acquisition, aims to industrialize AI across Porsche’s operations, encompassing engineering, manufacturing, customer experience, and enterprise transformation, alongside the delivery of automotive technology services and software-defined mobility platforms.

Tata Consultancy Services Limited, on behalf of Tata Sons Private Limited, clarified on August 12, 2026, that N. Chandrasekaran will step down as Chairman of Tata Sons Private Limited on February 20, 2027, after a proposal for extending his term for another five years was not carried through due to a lack of unanimous support from the Tata Sons Board.

Tata Consultancy Services Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 2443.9, up 1.91% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.98% on the day, quoting at 24220.8. The Sensex is at 77561.47, up 1.04%. Tata Consultancy Services Ltd has added around 20.3% in last one month. Meanwhile, Nifty IT index of which Tata Consultancy Services Ltd is a constituent, has added around 18.42% in last one month and is currently quoting at 30418.35, up 2.38% on the day. The volume in the stock stood at 51.49 lakh shares today, compared to the daily average of 50.19 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 2436.9, up 1.31% on the day. Tata Consultancy Services Ltd is down 19.97% in last one year as compared to a 2.55% fall in NIFTY and a 12.23% fall in the Nifty IT index.The PE of the stock is 16.11 based on TTM earnings ending June 26.Powered by Capital Market - Live

The key equity benchmarks surrendered their early gains and traded in negative territory during afternoon trade, as caution prevailed ahead of the U.S. Federal Reserve's policy announcement and amid continued evaluation of corporate earnings. Volatility intensified due to the weekly expiry of Nifty 50 derivatives, dragging the Nifty below the 24,000 level. IT, realty and auto share advanced while FMCG, PSU bank and Private bank shares declined. At 13:25 IST, the barometer index, the S&P BSE Sensex declined 48.81 points or 0.06% to 76,786.97. The Nifty 50 index fell 11 points or 0.05% to 23,984.25. In the broader market, the BSE 150 MidCap Index slipped 0.03% and the BSE 250 SmallCap Index shed 0.49%. The market breadth was weak. On the BSE, 1,565 shares rose and 2,495 shares fell. A total of 236 shares were unchanged. In the commodities market, Brent crude for September 2026 settlement dropped $2.27 or 2.57% to $86.09 a barrel, amid a pause in fighting between the U.S. and Iran Gainers & Losers: Tata Consultancy Services (TCS) (up 4.40%), Tech Mahindra (up 3.38%), Eternal (up 3.08%) and Infosys (up 2.71%) were the major Nifty50 gainers. Hindustan Unilever (down 5.96%), Coal India (down 4.62%), Bharat Electronics (down 3.64%) and NTPC (down 2.27%) were the major Nifty50 losers. Stocks in Spotlight: Tata Chemicals fell 2.99% after the company reported a consolidated net loss of Rs 17 crore in the quarter ended 30 June 2026 (Q1 FY27), compared with a net profit of Rs 525 crore in the corresponding quarter last year. Revenue from operations increased 14.41% year-on-year (YoY) to Rs 4,255 crore during the quarter, driven by higher sales volumes that offset lower realizations. Tejas Networks declined 3.32% after the company reported a consolidated net loss of Rs 202.24 crore in Q1 FY27, compared with a net loss of Rs 193.87 crore posted in Q1 FY26. However, the company's total revenue from operations jumped 99.10% to Rs 402.16 crore in Q1 FY27 as against Rs 201.98 crore recorded in the corresponding quarter of the previous year. Hindustan Unilever dropped 5.96% after the FMCG major reported a 3.01% year-on-year (YoY) decline in consolidated net profit to Rs 2,673 crore in the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 2,756 crore in Q1 FY26. Revenue from operations jumped 10.3% YoY to Rs 17,184 crore in Q1 FY27. Coforge surged 10.08% after the company reported a strong set of earnings for the quarter ended 30 June 2026. In US dollar terms, revenue stood at $592.2 million, up 33.3% YoY and 21.1% QoQ. On a consolidated basis, the company's net profit rose 63.4% YoY to Rs 518.60 crore, while it declined 15.3% sequentially. Gross revenue increased 49.2% YoY and 24.2% QoQ to Rs 5,527.70 crore in the June 2026 quarter. The company's board also gave in-principle approval to set up an entity in China to expand its operations, with further details to be shared later. The announcement came alongside the company's financial results for the quarter ended 30 June 2026. Tilaknagar Industries slipped 1.90% after the company reported a 64.30% drop in consolidated net profit to Rs 31.59 crore in Q1 FY27 as against Rs 88.50 crore in Q1 FY26. However, revenue from operations (excluding excise duty) jumped 165.54% to Rs 1,046.03 crore in Q1 FY27 as against Rs 393.92 crore in Q1 FY26. Godfrey Phillips India declined 8.24% after the company's consolidated net profit fell 44.3% to Rs 198.39 crore in Q1 FY27 from Rs 356.31 crore in Q1 FY26. Revenue from operations (excluding excise duty) declined 19.2% to Rs 1,191.85 crore in Q1 FY27 from Rs 1,474.25 crore in Q1 FY26. Aurionpro Solutions declined 11.28% after the company reported 10.62% decrease in consolidated net profit to Rs 45.86 crore on a 6.31% rise in revenue to Rs 358.07 crore in Q1 FY27 as compared with Q1 FY26. Global Markets: European market advanced amid a flurry of corporate earnings updates, as falling oil prices and a tech-led sell-off in Asian markets failed to dampen investor sentiment. Asian markets declined on Tuesday, with South Korea's Kospi plunging over 10%, as uncertainty gripped investors ahead of mega earnings announcements from the likes of Amazon, Meta Platforms and Microsoft on the calendar. A Federal Reserve rate decision is due Wednesday. Investors expect that the central bank will remain on hold, but will seek greater clarity on the path forward for monetary policy. Fed funds futures were last pricing in a quarter point hike in September, according to the CME FedWatch Tool. On Tuesday, traders will monitor the release of a consumer confidence report. Quarterly results from Coca-Cola, UPS, Corning and Boeing are due before the bell. Focus would also remain on oil prices and the bond market. The U.S. 10-year Treasury yield declined 0.56% to 4.615. Hostilities between the U.S. and Iran are on hold, as diplomats seek to give peace talks 'some space.' Focus will also be on President Donald Trump's meeting with Israeli Prime Minister Benjamin Netanyahu. The two leaders will mainly discuss about Iran. Wall Street ended mixed on Monday, as investors awaited guidance from major technology companies in a busy week for quarterly earnings, while also worrying that stubbornly high oil prices could force the Federal Reserve to raise interest rates. The S&P 500 edged up 0.02% to end ⁠the session at 7,413.18 points. The Nasdaq declined 0.18% to 24,932.08 points, while the Dow Jones Industrial Average rose 0.51% to 52,210.08 points.Powered by Capital Market - Live

Tata Consultancy Services (TCS) has launched the Consumer Business Group (CBG) Gemini Experience Center (GEC) in Kolkata, India. The center will showcase AI-led innovations tailored for consumer business needs and built with Google Cloud and Google's Gemini models. With the launch of the CBG GEC in Kolkata, TCS now operates three Gemini Experience Centers in India. These include the Retail GEC at the Chennai Retail Innovation Lab and the BFSI GEC at the Bengaluru BFSI Innovation Lab, each designed to serve industry-specific innovation and transformation needs. By the end of 2026, TCS plans to establish a total of 10 GECs globally, including four in India. This expansion further strengthens TCS' global innovation footprint and underscores its strategic focus on partnering with hyperscalers to help enterprises navigate the next phase of AI-enabled transformation.

Tata Consultancy Services (TCS) announced the launch of the TCS Autonomous Engineering Lab Powered by NVIDIA at its Global Axis campus in Bengaluru. The new facility will serve as a physical AI hub to accelerate the development and real-world deployment of AI-led solutions across mobility and manufacturing using NVIDIA AI Infrastructure. The lab, which is the first of its kind, will help enterprises move from pilots to production scale deployment to design, test and validate Industrial AI solutions. It will enable customers to leverage TCS' domain expertise and accelerators to rapidly prototype and simulate use cases across a wide range of industries before deploying them in real-world mobility, manufacturing and industrial operations.

The New Terminal One at John F. Kennedy International Airport (JFK) has entered into a strategic partnership with Tata Consultancy Services (TCS) to shape the world's most advanced airport experience. As the strategic technology and innovation partner to the New Terminal One, TCS will support the delivery of an intelligent, digitally-enabled guest experience at the new terminal, delivering cost efficiencies to airlines and transforming international travel at JFK, the largest global gateway to the United States. Under the partnership, TCS will help develop a next-generation airport operations and guest experience spanning digital infrastructure, AI-enabled IT operations, and innovation initiatives. Developed with TCS' Cognix' and ignio' solutions, the solutions will provide the New Terminal One and its partner airlines end to-end visibility and proactive management of key components of the guest experience'from passenger processing and baggage handling to terminal security. This will pave the way for lower operating costs for airlines and a more efficient travel experience for their passengers.

Tata Consultancy Services (TCS) announced an expanded collaboration with ABB, a global technology leader in electrification and automation, to transform its global network operations. The engagement marks the next phase of a trusted 20-year partnership. As part of this multi-million, multi-year deal, TCS will scale its role from managing infrastructure and applications to delivering end-to-end global network operations, through an integrated network-as-a-service model. TCS will help ABB improve user experience, enhance operational efficiency, strengthen security and compliance, scale service delivery, and prepare for next-generation digital operations. At the core of this engagement is ABB's Future Network Model programme, an enterprise-wide initiative to transform its global network into a standardized, centrally managed digital infrastructure. As a strategic programme partner, TCS will design, integrate, and run ABB's global network ecosystem as a secure, modern, and AI-driven service. It will also orchestrate ABB's multi-vendor environment to ensure seamless, standardized operations worldwide. The programme will replace fragmented network environments with a secure, scalable, and service driven architecture. It will use a centralized control framework to bring together: Service integration and management (SIAM) A global network operations center  Advanced security capabilities to safeguard infrastructure, and Modernized local area network (LAN), wide area network (WAN) and software-defined WAN systems TCS will further enable end-to-end monitoring and orchestrations, delivering high-performance connectivity across ABB's network services.

The Nifty July 2026 futures closed at 24,249.90, a premium of 43 points compared with the Nifty's closing at 24,206.90 in the cash market. In the cash market, the Nifty 50 index rose 244.10 points or 1.02% to 24,206.90. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tanked 8.30% to 12.25. Tata Consultancy Services, Infosys and Dixon Technologies (India) were the top-traded individual stock futures contracts in the F&O segment of the NSE. The July 2026 F&O contracts will expire on 28 July 2026.Powered by Capital Market - Live