TCS Financial News

18.08 / 04:25

UPS BLOCK NIFTY TCS SENSEX Sensex falls 200 points, gives up 65,000 on Fed hike, China economic woes

The BSE Sensex was trading 238 points or 0.37% lower at 64,912. Nifty50 was trading at 19,292, down 73 points or 0.38% at around 9.18 am. From the Sensex pack, HCL Tech, TCS, Wipro, Tech Mahindra, and Infosys opened with cuts, whereas only NTPC, L&T, Bharti Airtel, and Sun Pharma opened with gains.

17.08 / 12:49

FIVE Fighting TCS DAL performer Lawyers Have engaged best lawyers in SC to challenge Article 370 revocation: Omar Abdullah

National Conference has engaged the best lawyers in the Supreme Court to challenge the revocation of Article 370, said party leader Omar Abdullah on Thursday and expressed hope the judges will be convinced by their arguments. «We are fighting and we are there with a hope for justice. We have not left any stone unturned, we engaged the best lawyers and their performance was appreciated by all.

17.08 / 08:51

Citi Provident VISA Aware TCS country US immigration: EB5 visa awareness roadshow in your city. Check dates, other details

real estate investments across the country. Attendees will have the opportunity to meet one-on-one with the USIF Team and a seasoned immigration attorney from Donoso & Partners LLC, who has substantial experience with EB-5 matters.

16.08 / 18:35

TCS SENSEX performer Tejas bags ₹7,492 crore BSNL contract

Tejas Networks has bagged a ₹7,492 crore (about $900 million) contract to supply its latest 4G/5G Radio Access Network (RAN) for state-run Bharat Sanchar Nigam Limited (BSNL)'s pan-India network, spanning 100,000 sites. In a regulatory filing Wednesday, Tejas said it has executed a master contract for supply, support and annual maintenance services of its telecom equipment for BSNL's pan-India 4G/5G network with Tata Consultancy Services (TCS).

16.08 / 05:59

TCS Samsung electronic compliance Mukesh Ambani's Reliance issues guarantee for RJIL, RINL. Ensures compliance and no adverse impact

Reliance Industries Ltd (RIL) has issued guarantees for Reliance Jio Infocomm Limited (RJIL) and Reliance International Limited (RINL), ensuring compliance and no adverse impact. In an exchange filing dated August 14. RIL informed.

13.08 / 05:49

TCS valuation Top firms lose ₹74,603.06 crore in market valuation; HDFC Bank biggest laggard

₹74,603.06 crore last week. Of these, HDFC Bank emerged as the biggest laggard as its valuation declined by ₹25,011 crore to ₹12,22,392.26 crore, according to a report published by the news agency PTI. ICICI Bank, Hindustan Unilever, Infosys, and ITC saw erosion in their market valuation while Reliance Industries, Tata Consultancy Services (TCS), and State Bank of India added to their market valuation.

13.08 / 04:57

TCS M-cap of seven of top 10 firms falls by Rs 74,603 crore; HDFC Bank biggest laggard

market valuation of seven of the top 10 valued firms declined by Rs 74,603.06 crore last week, with HDFC Bank emerging as the biggest laggard. The BSE benchmark declined 398.6 points or 0.60 per cent last week.ICICI Bank, Hindustan Unilever, Infosys and ITC saw erosion in their market valuation while Reliance Industries, Tata Consultancy Services (TCS) and State Bank of India added to their market valuation.

11.08 / 02:11

UPS CEO NIFTY awards TCS show THESE IT CEOs earn higher salaries than major players like Infosys, HCL in FY23. Here's how much they earned

Tech Mahindra in FY23, smaller IT firms have notably awarded higher CEO paychecks. In fact, Mid-tier IT company bosses are even outearning their larger counterparts. As per a CNBC report, Sandeep Kalra from Persistent Systems earned ₹61.7 crore, ranking just below Wipro's CEO Thierry Delaporte, who received ₹82.4 crore.

10.08 / 10:57

Waves FIVE VISA Airlines TCS ‘India has moved from a savings economy to a spending economy & this is visible in travel’

macroeconomic factors impacting discretionary spending on travel. India will also see a per capita income moving from $2500 to $4000 in the next five years. While this looks small when compared to other nations, in absolute numbers, we are a 1 billion economy," he said.

08.08 / 19:31

COST UPS FIVE Digital TCS dividend Tata Sons FY23 revenue soars 45% on dividend income, profit up 29%

Tata Group, jumped 45% in the financial year ended March to Rs 35,058 crore, boosted by dividends from group companies. Profit rose 29% to Rs 22,132 crore, Tata Sons said in its annual report. Tata Sons got a dividend of Rs 33,252 crore in FY23 compared with Rs 11,499 crore in FY22.

08.08 / 07:03

UPS NIFTY TCS index Nifty IT index stocks: Has the worst been priced in?

Given the high institutional holding, IT stocks tend to have a very strong and long phase of directional movement. After remaining under pressure for a long time, IT stocks had seen an up move post TCS results.

08.08 / 04:21

UPS NIFTY TCS SENSEX track tracking Sensex opens flat tracking mixed global cues; Nifty above 19,600

The BSE Sensex was trading 22 points or 0.03% higher at 65,976. Nifty50 was trading at 19,604, up 7 points or 0.04% at around 9.23 am.

07.08 / 10:27

UPS NIFTY TCS SENSEX Market Wrap: Sensex, Nifty extend gains into second straight session; investors earn over a lakh crore in a day

RBI MPC may maintain the status quo on August 10; comment on inflation, growth trajectory to be in focus Also, the inflation numbers of the US and China, expected this week, will be crucial factors that will dictate the mood of the market. Sensex opened 90 points higher at 65,811.40 against the previous close of 65,721.25 and rose 347 points in intraday trade to the level of 66,067.90.

07.08 / 07:59

NIFTY TCS show country guidance Bull market frenzy? FIIs pardon IT companies despite muted growth, weak guidance

tech stocks which have been under scrutiny for reporting weaker-than-expected growth and guidance cuts in the June quarter. A bulk of the investment (Rs 11,514 crore) went into financial services, which have been a favourite of all big boys of Dalal Street amid solid credit growth. However, the pace of inflow in financial stocks slowed down compared to June when FIIs invested over 19,000 crore in the sector.

07.08 / 00:39

FIVE Digital TCS Accenture shootings show services IT services majors may recruit 40% less in FY24

Hiring by India’s top IT exporters is expected to drop by nearly 40% on-year in the current fiscal, underscoring the demand uncertainty and slowdown in technology services that is weighing down the $245-billion industry.IT services majors are estimated to hire between 50,000 to 100,000 employees during fiscal 2024, according to data from staffing firm Xpheno. This will mark a precipitous decline from the net hiring of over 250,000 by these companies in the previous year.

06.08 / 09:39

TCS country Market cap of 7 of top-10 most valued firms erode by ₹1 lakh crore; SBI take biggest hit. Details here

₹1,09,947.86 crore last week. Of these, State Bank of India took the biggest hit, in-tandem with weak trend in equities. Apart from SBI, other companies like ICICI Bank, Hindustan Unilever, ITC, Bharti Airtel, Bajaj Finance, Reliance Industries were the laggards.

06.08 / 06:21

TCS country Mcap of seven of top-10 most valued firms erode by Rs 1 lakh cr; State Bank biggest laggard

State Bank of India taking the biggest hit, in-tandem with weak trend in equities. Last week, the BSE benchmark fell by 438.95 points or 0.66 per cent. From the top-10 pack, Reliance Industries, ICICI Bank, Hindustan Unilever, ITC, State Bank of India, Bharti Airtel and Bajaj Finance were the laggards while Tata Consultancy Services (TCS), HDFC Bank and Infosys witnessed addition in their market valuation.

06.08 / 01:15

Digital Aware Platform TCS Immunic performer dance India Inc walks the extra mile to keep employees healthy

Zomato has a new CFO, but his role isn’t related to company financials in the slightest. Last week, Deepinder Goyal, chief executive of the online food delivery platform, announced the appointment of Anmol Gupta, the company’s first ever chief fitness officer, or CFO, who would be working with employees towards wellness and healthy living, as well as with an in-house team of trainers, nutritionists and wellbeing counsellors.

03.08 / 16:43

Lowe's Enterprise NIFTY TCS SENSEX copper Hindustan Copper, 2 others placed under F&O ban on NSE for August 4; check details

Piramal Enterprises, Hindustan Copper, and Gujarat Narmada Valley Fertilizers And Chemicals Limited are the three stocks that are a part of the F&O ban list by the stock exchange for Friday. The NSE updates the list of securities in F&O ban for trade everyday. The derivative contracts in the mentioned securities have crossed 95 per cent of the market-wide position limit and have been currently put in the ban period by the stock exchange, said NSE.

03.08 / 07:49

UPS Target Booking NIFTY TCS cover Don't try to short a bull market; Nifty likely at 22,400 in 12-18 months: Gautam Shah

Gautam Shah, Founder & Chief Strategist, Goldilocks Premium Research, says “indicator wise, the daily RSI on the Nifty made a new 52-week high just a month back. There are no signs of topping out. I know this market will keep scaring you from time to time, but it will keep coming back.

03.08 / 04:51

UPS NIFTY TCS show performer Bears LIC throws up a challenge for FII bears. Will the contra bet pay off?

Life Insurance Corporation of India (LIC) used FII selling worth Rs 9,000 crore as an opportunity to load up tech stocks. An analysis of the June quarter shareholding pattern shows that LIC raised ownership in all the seven largest IT stocks in Q1 ahead of their troublesome report cards. Tech Mahindra, whose Q1 revenue declined 4.2% quarter-on-quarter in CC and missed estimates, saw the biggest quarter-on-quarter increase in LIC holding by 140 basis points to 9.47%.

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