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Tata Consultancy Services has expanded its 18-year partnership with ABB, a global leader in electrification and automation. The partnership aims to modernise ABB's global hosting operations, simplify its IT landscape, and strengthen its digital foundation to drive resilience and innovation.
As part of this multi-year engagement, TCS will operationalise ABB's Future Hosting Model, a next-generation modular IT infrastructure designed to streamline systems. This model will enable predictive operations, faster service restoration, and continuous security assurance through its AI-powered Zero Ops framework. This extension strengthens a trusted collaboration that has already delivered significant progress for ABB. TCS will help accelerate ABB's Core Platform vision which prioritises modernisation at scale, greater self-service and automation, cloud migration and agility, and orchestration and resilience.
HyperVault has been incorporated to establish multiple AI and Sovereign Data Centers for providing Infrastructure and Technology enabled Services.
Tata Consultancy Services will subscribe to 75,00,000 equity shares of INR 10 each amounting to Rs 7.5 crore as initial capital.
The Nifty IT index rose 2.64% to 36,230.15. Infosys (up 4.40%), HCL Technologies (up 3.19%), TCS (up 2.41%), Mphasis (up 2.20%), Wipro (up 1.74%), LTIMindtree (up 1.47%), Tech Mahindra (up 1.26%), Persistent Systems (up 1.21%), and Coforge (up 1.10%) surged.
Infosys jumped after its promoters decided not to participate in the Rs 18,000 crore share buyback. The move signals confidence in the company’s prospects and improves the buyback entitlement ratio for small investors.
Reports said India and the US are in advanced talks to reduce tariffs on Indian exports to 15-16% from 50%. The IT sector, which earns a large share of its revenue from the US, could gain significantly from the deal.
Meanwhile, the US is reportedly considering curbs on software exports to China, which may benefit Indian IT companies as alternative suppliers.
The rally was also supported by global cues. Investors expect another US Fed rate cut in December, which could lift discretionary spending and technology demand.
Analysts said optimism is returning to the Indian IT space, with hopes of stronger growth in the second half of FY26.
In the cash market, the Nifty 50 index rose 22.80 points or 0.09% to 25,891.40.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 3.85% to 11.73.
Tata Consultancy Services, Infosys and Axis Bank were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The October 2025 F&O contracts will expire on 28 October 2025.
Tata Consultancy Services (TCS) has extended its 15-year partnership with Kingfisher Plc, a leading home improvement retailer with over 1,900 stores across seven countries in the UK and Europe. Under the new agreement, TCS will help Kingfisher to significantly enhance operational efficiency by deploying automation and artificial intelligence (AI). Together, both organizations will establish a joint ‘Innovation and Automation Office' to seamlessly integrate emerging technologies and practices, while also reducing operating costs.
To advance Kingfisher's strategic growth, TCS will introduce a domain-focused application support structure aligned with Kingfisher's product and platform approach. TCS will accelerate the use of automation and artificial intelligence in IT operations by building on the success of ignio™, its SaaS-based AIOps platform, along with its generative AI-powered Application Reliability Engineering solution. These technologies will provide actionable insights and enable predictive and proactive management of IT systems for the retailer.
Considering the competitive landscape, retailers constantly seek to optimize and innovate their operations to deliver seamless customer experience. This is pertinent to Kingfisher which relies on its scale and operates internationally under diverse retail banners, including B&Q, Castorama, Brico Dépôt, Screwfix, and TradePoint. Over the last 15 years, TCS has served as Kingfisher's largest technology partner, working across multiple areas, including digital engineering, SAP-integration, content management and business process services.