TCS Financial News

Mumbai: India’s largest technology services firm Tata Consultancy Services (Ltd) has asked some of its teams to attend office five days a week, a move which may prompt rivals with a hybrid work model to follow suit. “We got a mail few weeks ago, asking our team to come to office five days a week. Until now, it was three days a week," a TCS employee said.

work-from-office model for a while now. In its FY23 annual report, the company stressed the importance of physical interaction among employees.

The BSE Sensex advanced 320 points or 0.49% to settle at 65,828. The broader NSE Nifty surged 115 points or 0.59% to end at 19,638. In Q2 FY24, Nifty surged 449 points or 2.3% to 19638, while Sensex advanced 1,110 points or 1.7% to 65,828. From the Sensex pack, NTPC, Tata Motors, and Sun Pharma were the top gainers, rising 2-3%.

midcap stocks and doubling money in SME IPOs won't relate to the pain of India's bluechip investors whose top dogs have failed to beat even the benchmark Nifty returns. A study of the performance of BSE500 stocks in the last two years shows that there are 158 counters with negative returns during the period. But what has actually caused heartburn to those looking for consistent compounders is the hibernation phase of top wealth creators like Infosys, HDFC Bank, RIL, TCS and Asian Paints. Largecap IT stocks now top the list of wealth destroyers in the last two years under the leadership of Wipro which has lost over 36% of its value as the Covid-led growth tailwind faded away.

MUMBAI : The MCX stock surged 9% to an almost two year intraday high of ₹2,114.40, after the country’s largest commodity derivatives bourse informed the stock exchange that it would migrate to the TCS commodity derivatives platform by 3 October. The Street cheered the news as the migration will end the heavy cost that MCX was paying its vendor 63 Moons for extension of its software contract since September last year. The cost incurred for the one-year extension stands at ₹472 crore, against the ₹60 crore per annum it was paying 63 Moons for the platform before the contract expired in September last year.

MUMBAI : The MCX stock surged 9% to an almost two year intraday high of ₹2,114.40, after the country’s largest commodity derivatives bourse informed the stock exchange that it would migrate to the TCS commodity derivatives platform by 3 October. The Street cheered the news as the migration will end the heavy cost that MCX was paying its vendor 63 Moons for extension of its software contract since September last year. The cost incurred for the one-year extension stands at ₹472 crore, against the ₹60 crore per annum it was paying 63 Moons for the platform before the contract expired in September last year.

TCS) retained its top position as India's most valuable brand for the second consecutive year with a brand value of $43 billion, capitalising on the global demand for digital transformation, despite a tough year for the business technology segment in general. In the BrandZ study, conducted by WPP and Kantar, HDFC, Infosys and Airtel ranked second, third and fourth, retaining their positions from last year, while State Bank of India rose one place to enter the top five.

Hemang Jani, Independent Market Expert, says “from an investment and valuation perspective, that is surely looking quite attractive because you have additional triggers in terms of the unlocking of the value of this Jio Financials, which is still not reflected in the current price. So it is looking quite interesting at this point of time.” This morning, Nuvama has put out a note saying that Polycab could be a play on exports now. Right now, they just have about 12% of their revenues from exports. When they went for IPO, they had an annual profit of almost Rs 500 crore. Right now, they have a quarterly profit of Rs 500 crore. What is the potential for unlocking exports? The wire and cable segment has displayed very strong growth over the last two, three years.

October also many financial deadlines and changes that can have impact on your money matters. These include the new TCS (tax collected at source) rule, special FD deadlines, new debit card rule and more. Here is a list of 7 money changes in October 2023.

K Krithivasan, the Tata Consultancy Services chief executive who assumed his role in June of this year, has hit the ground running to execute the company board's tough customer-centricity mandate, conducting roadshows across the country and abroad to meet key clients, taking personal feedback from employees and building a more engaging organisational culture, say insiders.Top executives said Krithivasan is preparing TCS to pivot towards

The BSE Sensex rose 14 points or 0.02% to end at 66,023, while its NSE counterpart Nifty50 closed below the 19,700 level. From the Sensex pack, Bajaj Finance and Bajaj Finserv were the top gainers. Kotak Bank, Asian Paints, and UltraTech Cement also closed higher.

₹1,950.00 apiece on the BSE. The uptrend in the MCX shares comes amid a CNBC-TV18 news report that said the commodity exchange will go live with the new platform serviced by Tata Consultancy Services (TCS) from October 1.

tax collection at source (TCS) rate on forex outward remittances by resident individuals under Liberalised Remittance Scheme (LRS) has been hiked. Starting 1 October 2023, the new TCS rate for forex outward remittance will be applicable. The tax collection at source or TCS is collected by the seller at the point of sale.

market may continue this week, and technical analysts are closely watching the pivotal 19,600 level as a decisive point for the current trend. Failing to hold this level could lead the index toward the 19,320 zone, as per their analysis.

Updater Services, a provider of facility management services to corporates, plans to raise ₹640 crore from its initial public offering (IPO). Of this, ₹400 crore will be raised from fresh issuance of shares that would be deployed to repay loans and enhance its working capital and the balance includes an offer of sale (OFS) by promoters and a private equity investor.Promoter holding will drop to 58.5% after the IPO from 80.5%.

GURUGRAM : Wipro Ltd will return to a “great level of growth" when market conditions improve, chief executive officer Delaporte said in an interview where he defended his leadership style and dismissed worries about senior-level exits. The statement from Delaporte, who took over as Wipro boss in July 2020, comes at a time when at least half a dozen brokerages expect Wipro’s full-year revenue to decline this fiscal year. “There is nothing inside the company that would make us grow less now than two years ago.

HDFC Bank and Reliance Industries taking the biggest hit, amid an overall weak trend in equities. Last week, the BSE benchmark fell 1,829.48 points or 2.69 per cent, and the Nifty declined 518.1 points or 2.56 per cent. Equity markets were closed on Tuesday on account of Ganesh Chaturthi. From the top-10 pack, Reliance Industries, HDFC Bank, ICICI Bank, Infosys, ITC, State Bank of India, Bharti Airtel and Bajaj Finance were the laggards while Tata Consultancy Services (TCS) and Hindustan Unilever were the gainers. The market valuation of HDFC Bank plummeted by Rs 99,835.27 crore to Rs 11,59,154.60 crore.

TCS on forex cards is at 5% if you add more than Rs 7 lakh on the card. There is no TCS on international credit cards. Does it mean that credit cards will be a better option than forex cards while travelling abroad? Probably not always.

TCS reported even higher numbers. Globally, the internal training budget of Fortune 500 companies exceeded $360 billion, according to Research.com data. More than the costs, employers are worried about data confidentiality and strategy leaks to rivals.

Relative Strength Index (RSI). On September 21, Thursday, StockEdge identified 19 stocks that found themselves in the overbought zone but exhibited bearish or declining RSI trends. ETMarkets has sifted through this list to bring you 10 intriguing stocks worth exploring. Before we dive into the stocks, let's grasp the concept of RSI.

Stock market today: Tata Consultancy Services or TCS share price has been in continuous bull trend after ushering in September 2023. After closing at ₹3,356 apiece levels on NSE, TCS share price today climbed to a new 52-week high of ₹3,633.75 per share levels on NSE, logging over 8 per cent rise in this month. In fact, in last five trade sessions, this Indian IT major has hit upper circuit on four sessions.