| Reading Raju's mind | 20-NOV-09 |
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| On January 7, Ramalinga Raju confessed to his monumental fraud. He had, Raju said in a letter to the stock exchanges, cooked Satyam’s books for seven long years — revenue, profit, bank balance et al. Raju was soon arrested and put in the Chanchalguda prison. The Union government swung into action. A board was appointed to manage the affairs of the company. In a matter of months, Satyam was sold to Tech Mahindra. |
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| Promoter entities sell 2.73 cr shares in TCS | 19-NOV-09 |
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| The country's largest software exporter, Tata Consultancy Services (TCS), today said various promoter group entities sold over 2.73 crore shares in the company, representing a 2.03 per cent stake, over a period of a little more than one year. |
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| TCS engg services business sees growth, begins hiring | 19-NOV-09 |
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| Tata Consultancy Services, India’s largest information technology services provider, is witnessing positive movement in its engineering and industrial services (EIS), which was impacted by the economic slowdown. |
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| Sensex gains for third straight day | 18-NOV-09 |
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| India’s benchmark stock index rose for a third day. Software exporters gained as aretail sales rebounded in the US, their largest export market. |
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| TCS diversifying client base, pursuing new biz model | 16-NOV-09 |
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| India's largest software services exporter, Tata Consultancy Services (TCS), is aiming to move beyond its traditional Western market to serve new transnational companies in the emerging markets to become a truly global company. |
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| Top-8 cos add Rs 1 lakh cr in m-cap last week | 15-NOV-09 |
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| The country's most valued firm Reliance Industries (RIL) helped eight of the top-10 Sensex firms add over Rs 1 lakh crore in their market valuation during the last week, while the state-run MMTC and private telecom services provider Bharti Airtel saw value erosion. |
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| TCS to form business alliance with Dow | 13-NOV-09 |
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| Tata Consultancy Services (TCS), an IT services, business solutions and outsourcing organisation, announced plans to form an innovative business alliance that will provide critical business services to Dow, a diversified chemical company, its subsidiaries and joint ventures. |
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| Kanika Datta: The business of bigotry | 12-NOV-09 |
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| Suppose the top management of Anglo-Dutch fast moving consumer goods major Unilever were to make it a rule that only English and Dutch would be spoken throughout the organisation. Or assume TCS, India’s largest software services company, mandated only Hindi as the official language of communication. Or imagine if the US insisted that Microsoft hire only Americans of European origin. |
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| Innovation fund raises Rs 40 cr in first tranche | 06-NOV-09 |
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| The India Innovation Fund (IIF) — set up in January 2008 — promoted by the National Association of Software and Services Companies (Nasscom) and ICICI Knowledge Park, has achieved its first closing corpus of Rs 40 crore. This will be scaled up to Rs 100 crore. |
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| Have a windfall, use it wisely | 05-NOV-09 |
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| With the economy and stock market beginning to show signs of recovery, things have turned for the better for employees. Many companies, who had either slashed jobs or salaries, are beginning to recruit and reinstate salaries. In fact, some have even announced bonuses. |
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| TCS gains on bagging UK contract | 04-NOV-09 |
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| The stock extended gains and touched a high of Rs 628 - up 3.5%. The stock finally settled at Rs 626 - up 3%. The counter witnessed trades of over 1.11 million shares as against the two week daily average trade of 439,298 shares on the BSE. |
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| TCS bags Rs 1,160-cr deal in UK | 04-NOV-09 |
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| India’s largest information technology services provider, Tata Consultancy Services (TCS), has been chosen strategic IT partner by the City Council of Cardiff in Britain for 15 years. |
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| Intermediate trend reversal confirmed | 02-NOV-09 |
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| Prices collapsed in settlement week with the Nifty dropping 5.7 per cent to close at 4,711.7 points. The Sensex was down 5.5 per cent, closing at 15,896 points. The Defty was down 6.8 per cent with the dollar bouncing from over-sold levels. |
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| Worst may be over for major Indian IT firms | 28-OCT-09 |
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| Notwithstanding the growing concern over an appreciating Indian rupee against the US dollar which could eat into their operating (Ebitda) margins, major Indian IT services providers believe the worst is behind the sector. |
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