TCS Financial News

Tata Consultancy Services (TCS) on Thursday said it has bagged a deal from British Broadcasting Cooperation (BBC) to change their finance, procurement and HR applications management.The company will leverage AI-driven human-machine collaboration suite, TCS Cognix in the multi-year partnership, the company said in a BSE filing.

HDFC Bank on Thursday became the second most valuable company by market capitalisation, overtaking IT behemoth Tata Consultancy Services. At the close of trade, HDFC Bank, which recently completed the merger of its mortgage financier parent HDFC into itself, commanded a market capitalisation (mcap) of Rs 12,72,718.60 crore, which was Rs 5,826.95 crore more than TCS' Rs 12,66,891.65 crore valuation on the BSE. Shares of HDFC Bank ended at Rs 1,688.50 apiece, up 0.22 per cent on the BSE.

«As you very rightly said that the form 26 AS and AIS are the most important forms that you require for your tax filing. Now, AIS is actually a very comprehensive statement,» says Preeti Khurana, Director, ClearTax.I think it is very important to get the basics clear over here and the major confusion that usually viewers have or taxpayers have is about Form 26 AS and the AIS where you have your entire annual financial information listed. So, the importance of these two forms and how can one look at it?As you very rightly said that the form 26 AS and AIS are the most important forms that you require for your tax filing.

Golden Crossover is a powerful technical indicator which occurs when a stock's short-term moving average crosses above its long-term moving average, signifying a potential bullish trend ahead. On Thursday, July 20, Trendlyne reported 45 Nifty50 stocks that experienced this bullish pattern. From this list, ETMarkets has handpicked 10 stocks that have formed the Golden Crossover.

Q1 results today: After three Indian IT major — Tata Consultancy Services (TCS0, HCL Technologies and Wipro, fourth IT giant Infosys is going to declares its Q1 results 2023 on Thursday. As per the company release, Infosys results for Q1FY24 may get announced by 3:45 PM followed by press conference and earnings call at 4:30 PM and 6:00 PM respectively.

Acknit Industries Ltd, John Cockerill India Ltd, Duncan Engineering Ltd, Fortis Healthcare Ltd, GPT Infraprojects Ltd, Graphite India Ltd, HCL Technologies Ltd, Kanco Tea & Industries Ltd, MRF Ltd, Natural Capsules Ltd, Novartis India Ltd, Oriental Carbon & Chemicals Ltd, Rossell India Ltd, Tata Consultancy Services Ltd, and Weizmann Ltd, among others will be under investors’ radar on Thursday as they will trade ex-dividend today. Today, 15 stocks will trade ex-dividend. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.

Can non-resident Indians (NRIs) transfer the proceeds of a property sale to their country of residence? In such a case, will banks collect tax at source even after all tax dues on such sale has been cleared? —Name withheld on request NRIs are allowed to remit upto $1 million in a financial year from the balance held in their NRO (non-resident ordinary) account or from the sale proceeds of a property held in India. These sales proceeds must first be credited to their NRO account in India. Any tax due on such sale should have been duly paid by the NRI in India.

Delta Corp, Indiabulls Housing Finance, Manappuram Finance, Polycab India, RBL Bank, L&T Finance Holdings are the six stocks that are a part of the F&O ban list by the stock exchange for Thursday. 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.

The Income Tax Department on Tuesday said Non-Resident Indians (NRIs) and foreign citizens whose permanent account numbers have become inoperative due to non-linking with Aadhaar should submit proof of their residential status to the jurisdictional assessing officer for operationalising the PAN.The department said concerns have been raised by certain NRIs/Overseas Citizens of India (OCIs) regarding their PANs (Permanent Account Numbers) becoming inoperative.

₹304.5 lakh crore from about ₹303 lakh crore in the previous session, making investors richer by about ₹1.5 lakh crore in a single session. In the last five sessions of gains, investors have gained about ₹2.9 lakh crore.

Tata Consultancy Services said on Wednesday that it has won a deal from GE HealthCare, extending a long partnership with the company to transform the latter’s IT operating model. Deal financials were not disclosed.

Infosys is expected to look good on a year-on-year basis, it will likely be muted sequentially in a quarter that is usually the strongest for the technology sector. The company’s consolidated net profit is seen rising a mere 1% sequentially to Rs 6,185 crore, according to the average of estimates given by 13 brokerages. On a year-on-year (YoY) basis, the bottomline is seen 15% higher.

«Again, if you look at the market breadth where 70% of the stocks are now trading above the operating average that again gives us the confidence that the current breakout should not get fizzled out in months,» says Dharmesh Shah, ICICI Securities.Sectorally speaking we have seen quite a bit of breakout as far as the PSU banking names is concerned. Do you think that to be a structural change as far as the charts are concerned and what is your take on IT now? Yes, if you look at the PSU bank chart, there is a long decade breakout and that sector has not done for a long time. A long decade breakout does not get fizzled out in a couple of weeks or a couple of months.

matrimonial site, hoping to find a husband among them. She goes on to describe the men individually, by their annual income, the company they work for and the their place of residence. The woman asks netizen to help her choose one from among the fourteen.

While Non-Resident Indians NRIs are not required to obtain an Aadhaar number, the recent conclusion of the deadline for linking PAN and Aadhaar numbers caused distress for many NRIs, as their PAN cards have become 'inoperative.' To allay these fears, the Income Tax Department issued three clarifications. Firstly, ITD has mapped the residential status of NRIs in case they have filed the ITR in any of the last 3 AYs or they have intimated their residential status to the Jurisdictional Assessing Officer (JAO). The PANs have been rendered inoperative, in case any one of the above-mentioned criteria is not met. NRIs whose PANs are inoperative have been asked to intimate their residential status to their respective JAO along with supporting documents with a request to update their residential status in the PAN database. Details of JAO can be found here.

market capitalization, late on Monday said that it has signed a mega deal with one of its existing clients. In an exchange filing, the company said that the deal to provide artificial intelligence (AI) and automation development, modernization and maintenance services is valued at $2 billion, and will be spread over the next five years. Details of the client were not disclosed.

₹6,003.65 crore to develop expertise and capabilities in four main areas of quantum technologies—communications, computing, metrology and sensing, and materials. Over an eight-year term, the government aims to build up to 2,000 kilometers of quantum communications network and 1,000-qubit quantum computing power by enabling industry-academia partnership and facilitating startups to build quantum computing applications.

On July 17, Monday, StockEdge reported 27 stocks in the overbought zone with a bearish or declining RSI trend, and from that list, ETMarkets has carefully selected 10 stocks that warrant attention. RSI readings above 70 indicate overbought conditions, suggesting that the stock may be due for a correction. Conversely, readings below 30 indicate oversold conditions, indicating the stock may be undervalued and due for a potential rebound.

Jay Thakkar, Vice President & Head of Alternate Research, Sharekhan, says that in the case of Wipro,“the momentum indicators on the weekly and daily charts have come into the buy mode very clearly. So Rs 435 would be my target on Wipro, Rs 404 will be the stop-loss. The risk reward is absolutely in favour of the bulls.”In the last 15-20 minutes of trade, most of the indices have reversed. Are we witnessing some reasonable correction or will this be a shallow one?As far as the Nifty is concerned, for this weekly expiry, the range can be 19,800 to 19,500.

BSE on Tuesday (July 18) a day after the company reported a weaker-than-expected April-June quarter (Q1FY24) results. The stock opened at ₹5,036.05 against its previous close of ₹5,133.95 and soon dropped 3.7 per cent to the level of ₹4,944.65. The IT player reported a net profit of ₹1,151 crore for Q1FY24 which was up 4 per cent year-on-year (YoY).

«And given the stock price has come down today by, I think, about 7% or 8%, there is only some open offer arbitrage that seems to be on the table,» says Deepak Shenoy, Founder, Capital Mind.You have got a chance to look at this one, Route Mobile.We are looking, to be honest, we do not know for sure if this is our full understanding yet. I think more will come after the call. The parent company is owned by, I think, the Belgian government.