Tata Consultancy Services Tcs

Rising SaaS adoption to ensure global sway of IT services firms

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

Tata Sons withheld facts on turning private: Mistry firms tell SC

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

Cash-rich Indian IT services companies go aggressive in M&A space

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

Tamil Nadu CM inaugurates new industrial projects worth Rs 3,185 cr

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

Covid-19 impact: IT bigwigs likely to speed up client staff absorption

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

From TCS to Wipro, top IT firms' headcount drops first time in a decade

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.

Tata Sons plans to infuse more funds into Covid-hit group entities

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

L&T Infotech's PBT rises 16.9% to Rs 558.9 cr in Q1, revenue up 18.7%

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.

Tata Consultancy Services lifts curb on lateral hiring amid Covid-19 crisis

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

After dismal June quarter numbers, TCS gives high hopes to investors

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

Covid-19 weighs on TCS numbers in Q1; net profit falls 13.8% to Rs 7,008 cr

IT major says pandemic impact may have bottomed out

Deportation of foreign students will restrict tech development in US: TCS

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

Capgemini bucks trend, rolls out wage hikes, promotions amid Covid crisis

Performance review likely to see some retrenchments

Despite poor show in Q4, India Inc's combined dividend payout rises 6.5%

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

JP Morgan Funds buys TCS shares worth Rs 247 cr via open market transaction

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.

Indian IT firms may report 5-9% contraction in revenues for June quarter

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

Indian IT services firms relying less on visas as approval rates nosedive

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.

TCS board to meet on Jul 9 to approve financial results for June qtr

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

Visa politics

New H1-B ban would also hurt US companies

Reliance Industries to hold virtual annual general meeting on July 15

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.