Why TCS shares jumped 6% on Monday?

TCS shares climbed nearly 6% after the IT giant bagged a multi-million-dollar deal from Swiss engineering and automation company ABB.

The deets: TCS will manage the company's entire global computer network.

Think of it as upgrading ABB's digital highways. Today, different offices and factories across the world use multiple network systems. TCS will bring all of them onto one centrally managed platform, making the network faster, more secure and easier to manage.

The company will monitor ABB's global network 24x7, use AI to detect problems before they happen and improve cybersecurity. 

The project also includes setting up a global network operations centre, which will act like a control room, constantly keeping an eye on ABB's worldwide digital infrastructure.

Zoom out: this isn't a one-off. Companies like Infosys, HCLTech, Accenture and IBM have won similar deals to manage the global digital infrastructure of large multinational companies. 

But what makes this deal stand out is its scale. ABB operates in more than 100 countries, and after working with TCS for over 20 years, it has now trusted the Indian IT giant to run its entire global network.