TCS Signs €1.25B Porsche Deal, Reliance Enters Aluminum Business, Bitcoin Surges Past $80,000 – India Today

Bitcoin crossed eighty thousand dollars for the first time since May, driven by lower Treasury yields and strong exchange-traded fund inflows. In major corporate developments, Tata Consultancy Services announced the acquisition of Porsche AG’s IT consulting arm, MHP Management, for an enterprise value of three hundred and twenty million euros. The deal includes a five-year strategic agreement valued at one point two five billion euros aimed at scaling artificial intelligence across manufacturing operations, engineering, and customer experience, onboarding thousands of employees and establishing a dedicated mobility center. Meanwhile, Indian equity markets opened with consolidation near key levels as financial stocks faced pressure amid global market uncertainties and tariff concerns. Reliance Industries is preparing to enter the aluminum business by participating in bauxite block auctions to complement coal gasification ventures. Additionally, the government launched an offer for sale in Hindustan Copper at a floor price discount to raise funds. Analysts noted sector rotations toward specialty chemicals and precious metals while cautioning against near-term momentum in auto stocks.