Page 29 - Tata Consultancy Services
The buyback rush
Firms may not be optimistic about growth prospects
 "The buyback rush")
Infosys outshines rivals with Q2 performance; net profit jumps 20.5%
Revenue grows 86%; firm revises revenue and margin guidance upward
 "Infosys outshines rivals with Q2 performance; net profit jumps 20.5%")
No change in TCS campus hiring plan despite all-time low attrition
Company to allow candidates to write qualifier test remotely this year
 "No change in TCS campus hiring plan despite all-time low attrition")
In a share buyback, make a tactical bet if price gap is attractive
In a buyback, purchase the stock early from the market or else the price gap could close
 "In a share buyback, make a tactical bet if price gap is attractive")
TCS surpasses Accenture to become most-valuable IT services firm globally
At the last closing price of Rs 2,825, TCS was valued at $144.73 billion, (Rs 10.6 trillion), while Accenture is currently at $142.4 billion
 "TCS surpasses Accenture to become most-valuable IT services firm globally")
We want all our stakeholders to be rewarded post Q2: Tata Consultancy COO
In a Q&A, N Ganapathy Subramaniam explains why his company went for a pay hike in the face of economic concerns brought on by the pandemic
 "We want all our stakeholders to be rewarded post Q2: Tata Consultancy COO")
TCS beats estimates on faster demand recovery, announces Rs 16K-cr buyback
In dollar terms, revenues stood at $5.42 billion, an increase of 7.2 per cent over the same period of the last financial year.
 "TCS beats estimates on faster demand recovery, announces Rs 16K-cr buyback")
TCS to roll out salary hikes for all employees, effective October 1
Quantum of raise being worked out as firm becomes the first in IT space to announce pay increase
 "TCS to roll out salary hikes for all employees, effective October 1")
TCS iON opens National Qualifier Test to corporates for job opportunities
The NQT will be conducted every quarter and the score will be valid for two years
 "TCS iON opens National Qualifier Test to corporates for job opportunities")
TCS to make Rs 1,218 cr provision for claims in Epic Systems case
In a seperate filing, TCS also informed that it will also consider share buyback proposal during its board meet to accept second-quarter results on Wednesday
TCS second firm in India after RIL to cross Rs 10-trn market capitalisation
Tata Group crown jewel's valuation highest in 15 years
 "TCS second firm in India after RIL to cross Rs 10-trn market capitalisation")
Tata Consultancy Services to consider share buyback on Wednesday
TCS will be considering a buyback of shares of the company at a board meeting to be held on October 7
TCS iON opens National Qualifier Test to all firms for hiring of freshers
Standardised test will give candidates access to open positions at several firms, while helping companies get in-depth understanding of applicants' cognitive abilities, and reduce evaluation costs
 "TCS iON opens National Qualifier Test to all firms for hiring of freshers")
Infosys becoming bellwether again, says chairman Nandan Nilekani
The firm believes the strategy it has put in place and investments it has made in the past couple of years will help it achieve the target sooner than later
 "Infosys becoming bellwether again, says chairman Nandan Nilekani")
Options before Tatas: Raise debt by pledging TCS shares or dilute stake
Fresh borrowings will push Tata Group's total debt by 50%; stake-sale in TCS will reduce Tata Sons' earnings and cash flow
 "Options before Tatas: Raise debt by pledging TCS shares or dilute stake")
Mistrys eye huge windfall, set Rs 1.8-trillion price tag for exit
SP group has also assigned a brand value of Rs 1.46 trillion to Tata Sons and wants a proportionate share of the same
 "Mistrys eye huge windfall, set Rs 1.8-trillion price tag for exit")
Morrisons expands strategic partnership with Tata Consultancy Services
IT services firm Tata Consultancy Services (TCS) on Tuesday said its partnership with UK-based supermarket chain Morrisons has been expanded through a five-year contract. TCS has expanded its partnership with Morrisons through a five-year contract for application management services, data services and cyber security services, a statement said. The partnership will help accelerate Morrisons's plan to simplify and modernise its technology to improve the shopping trip, eliminate wasted effort and become more popular and accessible to its customers, it added. Morrisons selected TCS as its Application Managed Services partner in 2016 to improve the customer and employee experience. Since then, TCS has worked closely with the retailer to help drive its growth and modernisation agenda across various lines of business, leveraging its comprehensive portfolio of business and technology services and solutions. "As part of the expanded partnership, TCS will harness the power of artificial ...
A brief history of Indian companies' tryst with class action suits
Companies ranging from IT to pharmaceuticals have been dragged to courts
 "A brief history of Indian companies' tryst with class action suits")
Covid-19 impact: WFH turns out cheaper and greener for IT companies
Indirect emissions account for a major chunk of emissions by Indian IT firms
 "Covid-19 impact: WFH turns out cheaper and greener for IT companies")
TCS becomes the second Indian company to cross Rs 9 trillion m-cap
The IT bellwether's stock surpassed its previous high of Rs 2,389.50, hit on September 8, 2020