Tata Consultancy Services (TCS) partnered with French AI firm Mistral to become the first global systems integrator for the Mistral Forge platform. This collaboration allows TCS to develop customized and scalable AI solutions for its global enterprise clients.
TCS will launch a dedicated Centre of Excellence for Mistral to focus on joint innovation and specialized training. The initiative will prioritize industry-specific solutions for banking, financial services, insurance, manufacturing, and healthcare.
On May 29, 2026, TCS officially denied media reports claiming the loss of a Royal Bank of Canada contract. The company described the reports as completely false and inaccurate.
TCS shares traded higher in the afternoon session following an initial decline of over 1%. The Nifty IT index outperformed the broader market during this period.