Shares of Tata Consultancy Services Ltd (TCS) rose nearly 1 per cent in Monday's trade as the company issued a clarification regarding a UK media report linking it to a "£300 million cyberattack" incident. The stock gained 0.99 per cent to hit a high of Rs 3,092.70 on BSE. Advertisement

In a statement, TCS responded to an international news article published on October 26, 2025, titled "M&S ousts Indian outsourcer accused of £300m cyberattack failures." The IT major called the report "misleading" and said it contained factual inaccuracies regarding the size of the contract and the continuity of its work with Marks & Spencer (M&S).

TCS clarified that the service desk contract with M&S was awarded through a regular competitive RFP process initiated in January 2025. It added that M&S had c

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