TCS will implement its flagship platform, TCS BaNCS for Market Infrastructure, alongside Quartz, to enhance MCD's Clearing, Settlement, and Depository services
This marks the second consecutive variable pay cut at TCS for senior employees despite adherence to the work-from-office directive
A technology-led approach turns these transformation goals into achievable realities
In the derivatives segment, Crompton Greaves, Titan and HDFC Bank saw over 90 per cent rollovers on Wednesday. The Nifty Put-Call-Ratio rose above 1, with FIIs cutting down some of their short bets.
Technical charts show that the large-cap IT stocks can fall up to 14% from present levels, while the Nifty IT index can shed another 6%.
Technical charts show that HCL Technologies, TCS, Infosys and Tech Mahindra shares could fall up to 8% from here on; while, Wipro can potentially rally by another 11%. Check key levels here
According to Motilal Oswal Financial Services, Infosys and LTIMindtree, both companies with a high discretionary tilt, have provided a more cautious view on discretionary-spend recovery
Tata Sons received its highest ever dividend of Rs 30,418 crore in FY23. In FY24, Tata Sons used its dividend income to repay its entire debt, successfully transforming into a debt-free company
The near term bias for Nifty is likely to remain negative as long as the index remains below 23,660 - 23,940 resistance zone, shows the technical chart.
He talks about why this quarterly decline is not indicative of a slowdown in demand, and how TCS is positioning itself as an AI-first organisation
Tapering off in the BSNL deal expected over the next few quarters will aid TCS to expand profit margin, a senior company official has said. The country's largest software exporter is also looking at creating a capacity of over 25,000 seats in Bengaluru over the long term on a land parcel acquired recently, Chief Financial Officer Samir Seksaria told PTI here. "The same program (BSNL) as it tapers down at a portfolio level, at an overall level, there would be a benefit which would come in (on margins)," Seksaria said replying a specific question on the impact of BSNL deal's tapering down on margins. He, however, declined to share a number on the positive impact on the operating profit front. For the December quarter, it reported operating profit margin at 24.5 per cent for December quarter and made it clear that it aims to expand on it. Seksaria added that there would be a tapering down in the BSNL contract till the September quarter of FY26. It can be noted that the over Rs ...
Retail and manufacturing are the second- and fourth- largest revenue contributors to the $29 billion behemoth
IT-bellwether TCS's headline revenue numbers remained flat, but the deal-win total contract value (TCV) was encouraging, signaling potential momentum pick-up ahead
Revenue for the company grew 5.6 per cent to Rs 63,973 crore in Q3 FY25. Sequentially, the firm's revenue declined by 0.4 per cent
The comments came after the leader of the $254 billion Indian IT sector reported a decline in North American revenue for the fifth-straight quarter
India's largest IT services firm saw its headcount decrease by 5,370 in Q3 FY24
TCS has already begun its process for campus hiring in the next financial year, stating that it will continue to grow its quality talent
TCS Q3 results preview: The company's revenue is likely to grow by 6.3 per cent Y-o-Y on an average to Rs 6,445.63 crore as compared to Rs 6,060 crore a year ago
The Nifty IT index outperformed the Nifty 50 and the broader index in the second-half of 2024 with a gain of nearly 20%. Key levels to track on IT shares ahead of Q3 results.
Tata Group companies' shares increased following reports of Tata Capital planning to raise Rs 15,000 crore through an initial public offering (IPO)