Tata Consultancy Services TCS

The final part of the series looks at how Indian firms compete with global peers

The SC will hear the petitions filed by both the Mistry family and Tata Group next month

As capital allocation is altered, dividend payout to dip in the ongoing financial year

Tata Chemicals, TCS, Hyundai Glovis among companies with whom the state has signed agreeements

Experts are of the opinion that this trend is likely to accelerate in the coming quarters owing to vendor consolidation.

The data compiled by the BS Research Bureau shows that never before have all four firms seen a fall in staff count, at least not for a decade, despite several business cycles.

According to a person in the know, group firms affected the most were the airline, hotel, housing, and financial services verticals.

The net profit for the quarter ended June 2020 (Q1FY21) rose 17.1 per cent year-on-year to Rs 416.4 crore on account of lower operating expenses.

The Mumbai-headquartered company, however, said it would selectively hire experienced employees from outside.

Growth, margin recovery expected by 4th quarter but valuations high

IT major says pandemic impact may have bottomed out

TCS also said that US President Donald Trump's move to stop H1-B visas, widely used by software professionals, is "unfortunate and unfair"

Performance review likely to see some retrenchments

Experts attribute the higher payout to the change in dividend law and cut in corporate income tax.

The block deal data on BSE showed that JP Morgan Funds bought over 11.23 lakh shares of TCS at an average price of Rs 2,199 apiece, and the total deal value stood at Rs 246.98 crore.

Hospitality and travel, as well as manufacturing and retail, are the segments likely to see maximum hit

According to the US Citizenship and Immigration Services data, the share of Indian companies among the top 10 visa recipients has dropped from 51 per cent to 24 per cent during the 2016-19 period.

A meeting of the Board of Directors of TCS Limited is scheduled to be held on Thursday, July 9, 2020

New H1-B ban would also hurt US companies

On Monday, the RIL also fixed July 3 the 'Record Date' for the purpose of determining the members eligible to receive dividend for 2019-20.