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Tata Consultancy Services Ltd News

TCS to modernise Muscat Clearing & Depository system under new agreement

TCS will implement its flagship platform, TCS BaNCS for Market Infrastructure, alongside Quartz, to enhance MCD's Clearing, Settlement, and Depository services

TCS to modernise Muscat Clearing & Depository system under new agreement
Updated On : 11 Feb 2025 | 4:29 PM IST

TCS cuts quarterly variable pay for senior staff despite return to office

This marks the second consecutive variable pay cut at TCS for senior employees despite adherence to the work-from-office directive

TCS cuts quarterly variable pay for senior staff despite return to office
Updated On : 06 Feb 2025 | 4:26 PM IST

Businesses need to be perpetually adaptive, says TCS CEO K Krithivasan

A technology-led approach turns these transformation goals into achievable realities

Businesses need to be perpetually adaptive, says TCS CEO K Krithivasan
Updated On : 31 Jan 2025 | 8:13 PM IST

Nifty bias improves; analysts expect further gains above 23,200

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.

Nifty bias improves; analysts expect further gains above 23,200
Updated On : 30 Jan 2025 | 9:06 AM IST

Can DeepSeek sparked AI sell-off dent Indian IT shares? Tech view here

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%.

Can DeepSeek sparked AI sell-off dent Indian IT shares? Tech view here
Updated On : 28 Jan 2025 | 11:35 AM IST

Infosys, TCS, Wipro: How to trade IT stocks post Q3 results; guide here

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

Infosys, TCS, Wipro: How to trade IT stocks post Q3 results; guide here
Updated On : 20 Jan 2025 | 11:52 AM IST

Nifty IT index slips 3%; Infosys, LTIMindtree slip up to 6% post Q3 results

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

Nifty IT index slips 3%; Infosys, LTIMindtree slip up to 6% post Q3 results
Updated On : 17 Jan 2025 | 10:52 AM IST

Cash cow: TCS dividend to Tata Sons nears Rs 25,000 cr in FY25 so far

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

Cash cow: TCS dividend to Tata Sons nears Rs 25,000 cr in FY25 so far
Updated On : 13 Jan 2025 | 8:06 PM IST

Sensex may test 76,300 this week; Nifty can fall another 8% from here on

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.

Sensex may test 76,300 this week; Nifty can fall another 8% from here on
Updated On : 13 Jan 2025 | 9:03 AM IST

We're confident of hiring 40,000 freshers from campuses this year: TCS CHRO

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

We're confident of hiring 40,000 freshers from campuses this year: TCS CHRO
Updated On : 13 Jan 2025 | 6:00 AM IST

TCS expects margin benefits as BSNL deal tapers, says CFO Samir Seksaria

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 ...

TCS expects margin benefits as BSNL deal tapers, says CFO Samir Seksaria
Updated On : 12 Jan 2025 | 3:52 PM IST

TCS expects retail, manufacturing revival after banking recovery, says CFO

Retail and manufacturing are the second- and fourth- largest revenue contributors to the $29 billion behemoth

TCS expects retail, manufacturing revival after banking recovery, says CFO
Updated On : 12 Jan 2025 | 1:02 PM IST

Nifty IT gains over 2%; TCS rallies 5% on strong order book, robust outlook

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

Nifty IT gains over 2%; TCS rallies 5% on strong order book, robust outlook
Updated On : 10 Jan 2025 | 10:09 AM IST

TCS Q3 results: Net profit jumps 12% to Rs 12,380 cr, revenue swells 5.6%

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

TCS Q3 results: Net profit jumps 12% to Rs 12,380 cr, revenue swells 5.6%
Updated On : 09 Jan 2025 | 4:30 PM IST

TCS bets on Prez-elect Trump to boost US client confidence, spending

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

TCS bets on Prez-elect Trump to boost US client confidence, spending
Updated On : 09 Jan 2025 | 11:20 PM IST

TCS headcount down by over 5K; attrition rose 13%, promoted 25K in Q3

India's largest IT services firm saw its headcount decrease by 5,370 in Q3 FY24

TCS headcount down by over 5K; attrition rose 13%, promoted 25K in Q3
Updated On : 09 Jan 2025 | 8:59 PM IST

TCS employee strength shrinks by 5,370 in Q3 after 2 quarters of growth

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 employee strength shrinks by 5,370 in Q3 after 2 quarters of growth
Updated On : 09 Jan 2025 | 6:22 PM IST

TCS Q3 results preview: Analysts expect revenue to grow 6% YoY, profit 5%

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

TCS Q3 results preview: Analysts expect revenue to grow 6% YoY, profit 5%
Updated On : 07 Jan 2025 | 3:29 PM IST

TCS, Infy, HCL Tech: How to trade IT stocks ahead of Q3 results? Key levels

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.

TCS, Infy, HCL Tech: How to trade IT stocks ahead of Q3 results? Key levels
Updated On : 03 Jan 2025 | 11:17 AM IST

Tata Group stocks zoom up to 12% on reports of Tata Capital's Rs 15K-cr IPO

Tata Group companies' shares increased following reports of Tata Capital planning to raise Rs 15,000 crore through an initial public offering (IPO)

Tata Group stocks zoom up to 12% on reports of Tata Capital's Rs 15K-cr IPO
Updated On : 24 Dec 2024 | 11:06 AM IST