Page 22 - Tata Consultancy Services

Mcap of 3 of top-five valued firms jumps Rs 1.78 trn; Reliance lead gainer

In the ranking of top-five valued firms, Reliance Industries was leading the chart, followed by Tata Consultancy Services, HDFC Bank, Infosys and Hindustan Unilever.

TCS CEO Gopinathan's salary up 26.6% in FY22, firm rejigs business groups

Average annual salary increase for TCS employees was in the range of 5-8 percent in India, says annual report.

How Infosys regained its mojo, improved employee morale under Salil Parekh

Salil Parekh has brought the company back to a healthy growth trajectory, improved employee morale and won the promoters' trust as well as investor confidence

TCS aims to be world's largest IT company; says large-scale ops not a worry

The comments from the TCS chief are significant because this means that the Tata Group would displace Accenture which had reported over $50 billion in revenue last year

Tata Consultancy Services head doubles down on $50-bn revenue target

Since April 1, TCS has changed its organisational structure to align with its strategy of focusing on the growth and transformation agenda.

TCS CEO vows to navigate IT giant through global tumult, attrition

TCS, the largest player in India's $227 billion tech services industry, must deal with a host of challenges, from Covid outbreaks in China that are disrupting supply chains to the war in Ukraine

Tech stocks drag Indian shares lower; Infosys hits 8-month low

The NSE Nifty 50 index fell 1.89% to 17,142.50, as of 0445 GMT, while the S&P BSE Sensex slid 2.15% to 57,089.44

Tata Consultancy Services remains the prime cash cow for Tata Sons

Tata Sons has also taken shareholder approval to raise Rs 40,000 crore of debt

Attrition at TCS touches record high; it may get worse, warns management

Despite high employee additions and supply-side challenges, the management reiterated that it aspires to have a margin in the range of 26-28%

TCS gains 1% in a weak market on strong demand outlook

The demand outlook continues to be strong as clients continue to spend on cloud transformation programs.

TCS revenue crosses Rs 50,000 crore; sees record order book in Q4

The company's operating margins came in at 25.3 per cent for FY22 and 25 per cent for Q4

TCS attrition continues to inch up; firm to hire 40,000 in Q1FY23

Attrition rate was 17.4% in Q4FY22; lower than peers, higher than firm's own rate a year ago

Tata Motors, Tata Elxsi, Tata Consumer: Strategies for Tata group stocks

Among the pack, Tata Motors seems to be a slow mover, as the stock may see an upside of 8 per cent on crossing the major hurdles.

TCS concludes Rs 18,000-cr buyback; Tata Sons could rake in Rs 13k cr

Over 301 million shares tendered in buyback-8.5 times the company intended to repurchase. Attractive buyback price lured investors into tendering their shares, say experts

TCS Rs 18,000 cr buyback subscribed 7.5x, with 300 mn shares tendered

Acceptance ratio is lower than previous buybacks done by the firm

TCS Rs 18,000 crore buyback subscribed 5.5 times a day before close

Tata group flagship firm is buying back 40 mn shares, or 1.08% of its equity at Rs 4,500 a share. That's a premium of over 21% to CMP

TCS re-appoints Rajesh Gopinathan as MD and CEO for five years

Under Gopinathan's leadership, TCS says it strengthened its position with the revenues increasing from $17.6 bn in financial year ended Mar 31, 2017 to $22.2 bn in financial year ended Mar 31, 2021

TCS bags multi-year contract from Australia's Western Power

Under the multi-year partnership, TCS has been selected as the primary systems integrator across multiple domains including asset management and network operations

Tata Consultancy Services' $50-billion goal below its growth standards

To reach its targeted revenue of $50 billion by the end of 2029-30, the company will need to grow at a CAGR of 8.9 per cent over the next eight years to achieve that goal

TCS' Rs 18,000-crore buyback opens today; should investors tender shares?

The mega Rs 18,000-crore buyback by IT giant Tata Consultancy Services (TCS) opens today and will run till March 23