TCS
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TCS slips 1% on Porsche deal despite brokerages flagging 20% downside
TCS shares reversed early gains to trade 1% lower after announcing a partnership with Porsche, which the company says opens access to other European automakers. However, brokerages including Morgan Stanley and Citi remain cautious, citing up to 20% downside potential, as the deal's financial impact is seen as limited in the near term.
Sunshine Pictures lists after 14% grey market premium
Stock Alert: TCS, ICICI Bank, Hindstan Copper, Afcons Infra, UCO Bank SunShine Pictures will list today on the stock exchanges. The issue opened for bidding on 18 August 2026 and it closed on 20 August 2026. The price band of the IPO was fixed between Rs 342 and 360 per share.
Porsche signs $1.5 billion AI deal with TCS, acquires MHP
Porsche has signed a five-year contract worth 1.25 billion euros ($1.46 billion) for artificial intelligence with India's largest IT services firm, Tata Consultancy Services. As part of the deal, TCS will acquire Porsche's IT consulting business, MHP, for 320 million euros, the company said in a release. This will combine Porsche's "automotive expertise with TCS's digital and AI capabilities," Michael Leiters, chairman of Porsche, said in the press release.
TCS buys Porsche arm for €320M, inks €1.25B AI deal
TCS has agreed to acquire Porsche's arm for €320 million and sealed a five-year €1.25 billion AI partnership, while Suzlon plans a 1,325 MW wind project. These moves are part of broader stock-watch news for Aug 25, including ICICI Bank and Hindustan Copper.
TCS acquires Porsche's MHP for €320 million
3 Min Read Tata Consultancy Services (TCS) will acquire Porsche AG’s IT consulting subsidiary MHP for €320 million. The deal is part of a five-year partnership between TCS and the German carmaker to work on artificial intelligence and software-led mobility. The deal will give TCS control of MHP, a Germany-based consulting company with around 4,500 employees and €742 million in turnover in calendar year 2025.
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TCS bags ₹123 crore deal to power Odisha’s next-gen digital governance system - CNBC TV18
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