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Enjoying tax holidays, IT firms won't gain much from the rate cut

The effective tax rate for TCS in FY19 stood at 24.1 per cent, while for HCL Technologies, it was 19.8 per cent

Top 10 biz headlines: FDI reforms, Synergy Group eyes 49% Jet stake & more

From the govt easing FDI norms for single-brand retail, digital media, and manufacturing to Synergy Group planning to pick up 49% stake in Jet Airways, here are the top business headlines for Thursday

HCL Tech, TCS in fray to clinch $100-mn IT outsourcing deal from Fonterra

Fonterra is New Zealand's largest firm with an annual revenue of more than NZ 20 billion

We're working on efficiency measures to boost margins, says TCS COO

We are working with top airlines globally, he said

Now, IT major TCS to hire for campus placements round the year

The campus placements process usually starts in July-August but is likely to start earlier this year

TCS hires 30,000 graduates, highest in 5 years; women workforce at 36%

The company had trained over 315,000 employees in digital technologies and 361,000 employees in Agile methods

TCS Q1 net profit rises 10.8% to Rs 8,131 crore; revenue up 11.4%

The company's revenue in dollar terms missed the street estimates while a stronger rupee ate into its operating margins

Public shareholding rule to bring additional Rs 57,000 crore to Tata Sons

Holding company will need to reduce its stake in TCS from 72% to 65%

TCS Q1 results preview: Margin to take a hit; BFSI demand key monitorable

For the quarter under review, TCS is likely to post revenue growth of 2.8 per cent - 3 per cent in constant currency (CC) terms on quarter-on-quarter (QoQ) basis.

TCS hikes stake in Japanese JV to 66% with $32.6 million investment

The increased equity is the latest in a series of investments that TCS has made in recent years to cater to the specific needs of Japanese corporations

TCS increases stake to 66% in Japanese JV with $32.6 mn investment

The current governance of operations and management will remain unchanged by the share acquisition

Expecting growth in India, Latin America; expansion in Europe, Japan: TCS

Krishnan Ramanujam said that the company was continually expanding its addressable base by launching new products, services and platforms

No question of sacrificing margins for growth: TCS CFO V Ramakrishnan

'We are building skills to understand what it will mean for various industries', says V Ramakrishnan

Brexit or not, clients will have to spend on technology: TCS' Subramaniam

Depending on how the Brexit scenario works out, people will figure out what they will do, says COO Subramaniam

TCS buys digital design firm W12 Studios in its 1st acquisition since 2013

W12 Studios will be part of TCS Interactive, further strengthening the already impressive array of creative and experience services it offers

TCS acquires London-based W12 Studios to boost creative design capabilities

W12 Studios will be part of TCS Interactive, strengthening the gamut of creative and experience services

S&P upgrades outlook on TCS to positive on improvement in business position

The rating gency said it may revisit the outlook revision to stable if TCS fails to sustain faster growth or above-average profitability

Second wave of digital adoption to be more powerful, says TCS top brass

'Last quarter, we added about four clients in the $100-million list and had more than 989 customers who gave us business of more than $1 million in the last 12 months'

TCS regains most valued firm tag again, beats RIL on market valuation

The IT major had first replaced RIL as the most-valued firm more than five years ago

TCS sees growth in BFSI space due to increasing tech spend by banks

According to TCS, next generation customer experience, cloud and analytics & insights are areas are areas where the firm is witnessing higher spend from banking clients