TCS Financial News

₹7 lakh. However, the 5% rate will continue to prevail if the total cost of the package is under ₹7 lakh. “It has been clarified by the government that the purchase of international travel tickets and hotel bookings on a standalone basis will not qualify as an Overseas Tour Program Package," said Archit Gupta, Founder and CEO, of Clear The government has also clarified that payments made overseas using one’s credit card will remain outside the purview of TCS for the time being.

Personal Finance rule changes from 1 October 2023: The deadline for adding nominees for mutual fund folios, demat, and trading accounts is 30 September 2023. New TCS rule on overseas expenses to come into effect from next month. This could also be the last month for exchanging ₹2,000 notes.

Infosys to train 50k employees on Nvidia AI stack Infosys share price has significantly underperformed its sectoral index BSE IT and the benchmark Sensex in the last one year. While the BSE IT is up about 21 per cent in the last one year, Infosys share price is up only about 8 per cent. The Sensex has gained nearly 12 per cent in the same period.

Dhiraj Agarwal, MD, Ambit Investment Managers, says “high growth rate is a double-edged sword. When the growth rates are high, the PEs expand and hence the stock price compounds at double the speed as the earnings growth rate. But it works on the reverse as well. If the growth rate slows down, the PE contracts. So, we need to be very, very careful and selective and focus more on quality. ”After the recent run up and looking at the macros we are staring at, what is your house advice? What are you indicating to your clients?At this point of time, markets are in a zone where one needs to be very, very selective and very, very quality focused. I do not think it is a bubble yet. There is more headroom for the market to go up but it will not perhaps be as smooth and as easy as what we have seen in the last four or five months where almost anything and everything was flying. It is time to be a bit more selective because the valuations are high but it is not ridiculously high and hence caution is warranted at this point. Being selective is a good idea.

Infosys and Nvidia today announced that they have expanded their strategic collaboration where Nvidia's AI tools will be available on Infosys AI suite of services Topaz. The expanded collaboration is aimed to drive productivity gains with generative AI applications and solutions. The alliance will bring the Nvidia AI Enterprise ecosystem of models, tools, runtimes and graphics processing units (GPU) systems to Infosys Topaz. Through the integration, Infosys will create offerings customers can adopt, to easily integrate generative AI into their businesses, according to a press release.

Day trading guide for today: On account of sell off trigger in global market, Indian stock market ended lower on Monday. NSE Nifty lost 59 points and closed at 20,133 levels, BSE Sensex went down 241 points and closed at 67,596 mark whereas Nifty Bank index corrected 251 points and ended at 45,979 levels. Volumes on the NSE continued to be on the lower side.

Tata Motors has recently unveiled the 2023 edition of its popular Nexon EV, priced at Rs 14.74 lakh. This updated Nexon EV boasts significant enhancements while retaining its familiar design, putting it in direct competition with the Mahindra XUV 400 electric. Let's compare these two electric vehicles (EVs) across key aspects:1. Range:Tata Nexon EV:

Demand and supply theory is the core concept of economics. In the simplest language, it means that when the demand for a product increases with the supply shortage, its price increases. In the contrary case, the supply of the product increases without an increase in the demand, and its price falls. The wonders of demand and supply can be seen in every candlestick chart of shares you open.

Power Grid Corporation of India Ltd (up 3.12%), Titan Company Ltd (up 2.66%), HDFC Life Insurance Company Ltd (up 2.43%), Mahindra & Mahindra Ltd (up 2.26%), and Bharat Petroleum Corporation Ltd (up 2.26%)were among the top gainers of Nifty 50. Hindalco Industries Ltd (down 2.19%), HDFC Bank Ltd (down 1.93%), Adani Ports and Special Economic Zone Ltd (down 1.80%), and Dr Reddy's Laboratories Ltd (down 1.68%) were among the laggards today. Indian stock indices touched fresh highs on Friday, largely due to strong cues from US markets and consistent fund inflows by foreign portfolio investors.

market valuation of nine of the top-10 most valued firms rallied by Rs 1,80,788.99 crore last week, amid an overall buoyant trend in equities, with Tata Consultancy Services (TCS) emerging as the biggest gainer. Last week, the BSE benchmark jumped 1,239.72 points or 1.86 per cent.

campus hiring, as many IT/ITeS companies that typically recruit a big chunk of students have either stayed away so far or are deferring their plans. In a typical year, 30% to 50% of the offers come from IT/ITeS companies alone, placement officials at over half a dozen engineering colleges in Karnataka, Kerala, Tamil Nadu and Rajasthan told ET. This year, Tata Consultancy Services and Cognizant have not yet visited Government Engineering College, Thrissur (Kerala), said its training and placement officer Subin Poulose. The college had received more than 770 offers for 400 students in the Class of 2022, which dropped to close to 570 offers for the Class of 2023. «This year, we expect the offers to drop further by 20% or more,» said Poulose. At the Jaipur-headquartered Poornima group, which runs three engineering colleges and one university, several of the big IT/ITeS recruiters including Infosys, Capgemini and Cognizant have not come yet for the 2024 batch. «Only TCS has given a positive indication that they will hire in good numbers,» said its director, corporate relations, Dipti Lodha.

macroeconomic indicators such as lower consumer price index (CPI) print, demand optimism in China, and hints of a pause in rate hike by the US Federal Reserve. On Friday, September 15, Sensex closed at 67,838.63, up 320 points, or 0.47 per cent, while the Nifty settled at 20,192.35, rising 89 points, or 0.44 per cent. Both indices ended at their fresh closing highs on gains led by banking, auto and IT heavyweights, including HDFC Bank, TCS and Mahindra and Mahindra.

Nifty hit their fresh record highs on Friday, September 15, on gains led by banking, auto and IT heavyweights, including HDFC Bank, TCS and Mahindra and Mahindra. Market sentiment remained upbeat tracking positive global cues after recent data signalled China's economy could see a revival.

HDFC Bank, TCS and Mahindra and Mahindra, as sentiment remained upbeat tracking positive global cues after recent data signalled China's economy could see a revival. “Fresh data showed Chinese gauges of retail sales and industrial output for August topped economists' expectations," reported Reuters. Besides, expectations are getting stronger that major central banks of the world will end their monetary tightening campaign considering the impact of hikes so far on the economy.

Also Read: Suzlon Energy, BSE, Godrej, Anupam Rasayan among top 20 smallcap stocks bought & sold by mutual funds in August Meanwhile, equity mutual funds saw a significant surge in net inflows, reaching a five-month high of ₹20,245.26 crore in August 2023. However, large-cap equity funds saw outflows of ₹348 crore. Adani Power, Zomato, Indian Railway Catering And Tourism Corporation (IRCTC) and Tata Power Company were among the largecap stocks that mutual funds bought the most in the month of August.

₹488 apiece on BSE, and touched intraday high of ₹522.20. According to Rajesh Bhosale - Equity Technical and Derivative Analyst, Angel One, Strides Pharma Science Limited share price has experienced a significant increase in both price and trading volume, breaking through a key resistance level at 490 with an Bullish gap, which suggests a up trend. It is possible that prices can continue to rise in the short term, with a potential resistance level at 560.

Indian stock market: Only a few months ago, a significant portion of market participants exhibited caution towards IT stocks. Their apprehension stemmed from concerns about a potential economic slowdown in the Western markets, which represent a substantial customer base for Indian IT firms. This apprehension was primarily driven by the fear that such a downturn could significantly impact the revenue and profitability of domestic IT services companies.

Tata Motors, Tata Consultancy Services (TCS), Titagarh Rail Systems and CG Power and Industrial Solutions, which might move their stocks on Friday. After the launch of new Tata Nexon EV Facelift, Nomura reiterated a buy on Tata Motors, while HSBC took a buy view on Titagarh Rail as railway stocks see top action. As for TCS and CG Power, buy rating was recommended by DAM Capital and Spark.We have collated a list of recommendations from top brokerage firms from ETNow:Nomura on Tata Motors: Buy | Target: Rs 786 Nomra has maintained a 'Buy' view on the counter while placing the target at Rs 786.

Tata Consultancy Services (TCS) is looking to tap overseas markets, particularly the US, to promote locally developed and manufactured fifth generation, or 5G, radio network gear on the backdrop of Centre’s ambition to 'make in India for the world' to overcome supply chain disruptions. “The N78 5G radios designed by Tejas Networks may be qualified for all greenfield and brownfield 5G opportunities that present themselves to the company globally including that in the US,” TCS chief operating officer NG Subramaniam told ETTelecom. Developed by Saankhya Labs, the N78 radio, compatible with 3300 MHz spectrum band, is being currently manufactured by Bengaluru-based Tejas Networks, which acquired the telecom startup early last year. In 2021, Tata Sons acquired homegrown telecom gear maker Tejas Networks.

Stock market today: Despite pressure in mid-cap and small-cap indices, large-cap IT stocks have been in uptrend for last few sessions. TCS share price today had a gap up opening and the IT stock went on to climb to a new 52-week peak of ₹3,597.70 on NSE. Likewise, Wipro share price today opened upside and went on to hit a new 52-week high of ₹443.25 apiece on NSE.

Independent market expert Hemang Jani says, «among largecaps, continue to like SBI, ICICI Bank and HDFC also which after a long time is showing a little bit of traction. These are the names when it comes to the large cap names. In midcaps, we should focus on two names; IDFC First Bank, where we had an entry of a big investor. Also Federal Bank is delivering consistently good performance. IT is a value play. There is a little bit of a zigzag here and there based on what is happening in the US markets. But TCS on the largecap front and to some extent, some of the small midcap names, Tech Mahindra, Naukri, are the names where we continue to have a positive bias.»The standout performers in trade yesterday were the PSU stocks which had a pretty strong run up. What is your assessment as to how they have moved and what is the outlook?We have seen a big correction the day before and stocks actually corrected anywhere from 5% to 15% and the index itself was down about 3%. Yesterday it was a smart pullback. Our take is that one really needs to watch for some sort of a consolidation when it comes to the broader market because when an index has gone up by 35-40%, a 3% or 4% correction is actually very small.