The market capitalisation of Tata Consultancy Services surpassed Rs 6 lakh crore mark for the first time ever to become the second Indian company to achieve this milestone after RIL. In the intraday trades, TCS market capitalisation briefly breached the market cap leader RIL. Shares of TCS surged as much as 4.89% to hit the all-time high of Rs 3,254.8 after opening flat at Rs 3,100. Following a sharp spike in the share prices, India’s largest IT Company and Tata group’s cash cow TCS added as much as Rs 29,029.91 crore to Rs 6,23,052.49 crore in the market capitalisation at the day’s high price.

DAVOS: Indian IT giants TCSBSE 2.83 % and InfosysBSE 2.33 % have joined a global drive for tech reskilling of one million workers in the first ever such IT industry initiative.

The initiative, whose founding partners also include Accenture, CA Technologies, Cisco, Cognizant, Hewlett Packard Enterprise (HPE), Pegasystems, PwC, Salesforce and SAP, aims to bring competitive training content together on one platform to serve the greater good.

Shares of information technology (IT) companies were continue at their upward movement with the sector giant Tata Consultancy Services (TCS) hit a new high crossing Rs 3,000 mark on BSE.

Besides TCS, Persistent Systems, Mindtree, Take Solutions, Tata Elxsi, Zensar Technologies, NIIT Technologies, Tech Mahindra and MphasiS were up in the range of 1% to 6% on BSE on Monday.

India’s largest IT services exporter Tata Consultancy Services (TCS) continued with its spree of signing large deals with the latest being a $690-million contract spread over 10 years with UK-headquartered M&G Prudential. M&G Prudential is the savings and investments business of Prudential and now, TCS will administer the former’s 4 million life and pension contracts by moving it onto a digital platform. Earlier, this contract was managed by Capita, an IT outsourcer based in the UK.

Mumbai: Tata Consultany Services (TCS) on Monday said it had bagged a five-year deal from Marks & Spencer to help the British retail giant to become a "digital first" business.

The development comes just two days after the country's largest IT services firm won its largest contract - a $2-billion deal from US insurance group Transamerica.

The country’s largest IT services exporter, Tata Consultancy Services (TCS) continued its momentum of bagging multi-billion dollar deals with a multi-year contract from Transamerica worth over $2 billion, the company announced on Friday. Just last month, TCS had entered into a $2.25-billion IT outsourcing contract with Nielsen, a global TV rating measurement company. TCS said it will digitise the life insurance and annuities business of Transamerica, which is a leading provider of life insurance, retirement and investment solutions in the US.

Tata Consultancy Services (TCS) on Thursday announced that it has entered into an agreement with Transamerica, a leading provider of life insurance, retirement and investment solutions, to enable the transformation of administration of its U. S. insurance and annuity business lines.

The partnership enables Transamerica to rapidly enhance its digital capabilities, simplify the service of more than 10 million policies into a single integrated modern platform, and drive greater sustainable growth opportunities through superior customer experiences.

Shares of India’s largest IT company Tata Consultancy Services were trading in the negative territory on Thursday ahead of the third quarter earnings of the IT bellwether which will be out in a couple of hours. The stock of Tata Consultancy Services was trading down by 0.6% on both BSE and NSE on Thursday. At the time of writing, the share price of TCS was down 0.62% at Rs 2,789.8 on BSE while the stock was trading 0.56% lower at Rs 2,790.9 on NSE. In the morning trades, TCS shares along with 3 other major IT firms hit a 52-week high.

Tata Consultancy Services (TCS), Infosys, Wipro and Tech Mahindra were among 13 stocks from the information technology (IT) sector that hit their respective 52-week highs on Wednesday in an otherwise subdued market on expectation of improvement in outlook.

KPIT Technologies, NIIT Technologies, Persistent Systems, Tata Elxsi, Vakrangee, Mastek, Infinite Computer Solutions (India), Hinduja Global Solutions and BLS International were other IT stocks from the S&P BSE500 and S&P BSE Smallcap index that touched their respective 52-week highs in intra-day trade today.

In response to news reports that Tata Consultancy Services (TCS) will have to defend itself in the US in an anti-American bias case, the company said there are no discriminatory practices in any part of the company, and it is confident of defending its position at the trial. “In vindication of our position that TCS is an equal opportunity employer, the District Court in California has denied class certification on a litigation against the company alleging a pattern and practice of discrimination in hiring against people of non-South Asian origin.

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