Page 3 - It Companies

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 share price remains flat ahead of Q3 results; here's what to expect

Brokerages tracked by Business Standard expect TCS to report a 6.3 per cent year-on-year (Y-o-Y) revenue growth for Q3, reaching Rs 6,445.63 crore, up from Rs 6,060 crore in the previous year

Mphasis share pops 3% as Jefferies initiates with 'Buy', sees 21% upside

The northward move in Mphasis share price came after New York-based financial services company Jefferies initiated coverage with 'Buy' for a target price of Rs 3,460 per share

H-1B visa row: Skilled worker movement helps both US and India, says MEA

India-US economic ties benefit significantly from the technical expertise provided by skilled professionals

Swiss PE eyes IT, pharma in India portfolio rejig after 300% gain

The fund is looking to exit some India investments and deploy the winnings in other sectors in the country such as healthcare, technology, education and shadow lending

Growth trajectory to aid higher valuations for Persistent Systems

The company continues to outpace the industry. Healthcare, and banking, financial services and insurance (BFSI) were the two verticals contributing to growth

Tech Mahindra boosts workforce by 6,653 in Q2, headcount climbs to 154,273

As of September, Tech Mahindra's employee count rose to 154,273 from 147,620 last quarter, while attrition slightly increased to 10.6 per cent, with IT attrition at 11 per cent

Sitharaman invites Mexican firms to collaborate with startups, institutions

Discussions focused on boosting cooperation in technology and innovation, with the goal of expanding collaboration between the two countries

Wipro's hybrid policy: Employees to work from office three days a week

The company's new work policy allows employees to choose their in-office days based on collaborative needs, while retaining the flexibility to work remotely on the remaining days

Wipro Q2FY25 preview: Revenue may fall up to 3% YoY; margin, guidance eyed

Overall, the sentiment remains cautiously optimistic for Wipro ahead of results, with key focus areas including large-deal pipelines and consulting growth.

Coforge gains 2%, hits record high on Rs 19 per share interim dividend

The company has fixed October 11, as the record date to ascertain the eligibility of shareholders for the payment of the second interim dividend.

Capgemini opens Esop plan to 97% employees, including 175k staff in India

This is the eleventh edition of the IT major's employee share ownership plan after the previous one from 2019 is set to expire at the end of the year

IT shares in demand; Coforge up 6% as Motilal Oswal upgrades stock to 'Buy'

The IT sector is on the cusp of a mild but possibly sustained recovery in client spending, and the impending rate cut cycle should add to the sector tailwinds, according to MOFSL.

CM Majhi inaugurates operation centres of four IT companies in Bhubaneswar

Chief Minister Mohan Charan Majhi on Friday inaugurated operation centres of four new IT companies here which is expected to strengthen Odisha's position as a key destination for IT, professional services, and Innovation. Majhi inaugurated the operation centres of Chubb Business Services, Integreon Managed Solutions, Bourntec Solutions, and Secuodsoft Technologies virtually. The presence of these companies in Odisha is a testament to our state's commitment to fostering a business-friendly environment. From IT to Manufacturing, from Research and Development to Professional Services, Odisha's diverse industrial landscape is expanding rapidly, Majhi said. Stating that Odisha has set a target to make Odisha a USD 500 Billion economy by 2036 and a USD 1.5 trillion economy by 2047, the chief minister said the IT/ITeS and the larger services sector will play a critical role in helping us achieve these goals. "Our focus is and will remain on creating an environment that nurtures businesses

Capital Group's arm sells 5% stake in IT firm Mastek for Rs 475 crore

Financial services company Capital Group on Wednesday sold a 5.6 per cent stake in Mastek for over Rs 475 crore through open market transactions while ICICI Prudential Mutual Fund picked up a stake in the IT services company. Los Angeles-headquartered Capital Group through its affiliate EuroPacific Growth Fund offloaded 17,19,117 shares, amounting to a 5.6 per cent stake in Mastek Ltd, as per the bulk deal data available on the BSE. The shares were disposed of at an average price of Rs 2,766.36 apiece, taking the transaction value to Rs 475.57 crore. Patronus Tradetech also sold 217 shares of Mastek at Rs 2,845.23 per piece. ICICI Prudential Mutual Fund, Ghisallo Master Fund LP and Patronus Tradetech LLP acquired a total of 12.34 lakh shares of Mastek in the price range varying from Rs 2,751-2,767.51 apiece, taking the combined transaction value to Rs 340.40 crore. Details of the buyers of Mastek's shares could not be identified. Shares of Mastek declined 4.67 per cent to end at

Cognizant puts up Chennai office on market, eyes up to Rs 800 crore deal

This property has been the company's India headquarters for over twenty years. It is spread over a 15-acre land parcel and comprises a four lakh sq ft office space

Tata Technologies falls 3% after 12 mn shares change hands via block deal

Shares of Tata Technologies fell nearly 3.4 per cent to touch an intra-day low of Rs 1,013 after nearly 12 million shares, worth around Rs 1,278 crore, changed hands in block deals on Tuesday.

Weak business driving TCS, Infosys and Cognizant to cut travel costs by 50%

A recent American Express survey found that one of the factors hindering a complete recovery of business travel post-Covid is the increasing prevalence of virtual meetings and events

TCS Q1 Preview: Margin pressure to weigh; net profit may rise 6-9%

Tata Consultancy Services (TCS) is expected to register a single-digit growth in revenue and profit for the April-June quarter of fiscal year 2024-25 (Q1FY25)

Accenture buys Bengaluru-based chip design company Excelmax Technologies

The investment signifies that the company is making to build semiconductor capabilities