Page 5 - Tata Consultancy Services

TCS leases Hyderabad commercial space for Rs 4.37 crore a month

The 15-year lease covers 10.2 lakh sq ft at Rs 43 per sq ft with a rent hike of 12 per cent every three years and a deposit of Rs 26.2 crore paid upfront

TCS pays 100% quarterly variable allowance to over 70% of employees

Tata Consultancy Services has paid out 100 per cent cent of the Quarterly Variable Allowance (QVA) to more than 70 per cent of its workforce for the January -March quarter. The company clarified that for employees in other grades, the QVA payout is determined by the performance of their respective business units, which is consistent with TCS's established policy across quarters. "We have paid out 100 per cent QVA to over 70 per cent of the company. For all other grades, the QVA depends on their unit's business performance. This is in line with our standard practice across quarters," TCS said in a statement. TCS (Tata Consultancy Services) reported a 1.7 per cent decline in the March quarter net profit to Rs 12,224 crore, driven largely by a margin contraction. It logged a total revenue of Rs 64,479 crore in Q4 FY25, up 5.3 per cent over the year-ago period. The company added 625 employees in the quarter, bringing its total workforce to over 6 lakh. While announcing its Q4 and FY2

TCS partners with Kuwait's Jazeera Airways to drive AI-led transformation

Tata Consultancy Services (TCS) has partnered with Kuwait's Jazeera Airways to drive AI-led transformation aimed at enhancing customer experience and operational efficiency. The collaboration aims to modernize Jazeera Airways' digital platforms, including its website and mobile apps, and introduce an advanced AI-powered chatbot to enhance the customer experience. As part of this, TCS will deploy its expertise in artificial intelligence, platform engineering, and user experience design to create a seamless, hyper-personalised journey for travellers. "By leveraging TCS' expertise in agentic AI and platform engineering, Jazeera Airways aims to unlock new revenue streams, enhance its digital channels, and deliver hyper-personalized customer experiences, positioning itself at the forefront of innovation and customer-centric transformation in the aviation sector," TCS said in a statement. The airline's CEO, Barathan Pasupathi, emphasized that the partnership with TCS is laying the ...

IBM, TCS, Andhra tie up to deploy India's largest quantum computer

The tech park will be anchored by an IBM Quantum System Two installation, with a 156-qubit Heron quantum processor, the largest quantum computer in India

Mcap of 6 top valued firms soars by Rs 1.18 trn, TCS biggest winner

The combined market valuation of six of the top-10 valued firms soared by Rs 1,18,626.24 crore last week, with Tata Consultancy Services stealing the show with maximum gains. Last week, the BSE benchmark gauge climbed 659.33 points or 0.83 per cent, and the NSE Nifty went up by 187.7 points or 0.78 per cent. Reliance Industries Ltd, HDFC Bank, Tata Consultancy Services (TCS), State Bank of India, Infosys and ITC were the winners, while Bharti Airtel, ICICI Bank, Bajaj Finance and Hindustan Unilever took a hit in their valuation. The market valuation of TCS surged by Rs 53,692.42 crore to Rs 12,47,281.40 crore, the most among the top 10 firms. Reliance Industries added Rs 34,507.55 crore taking its valuation to Rs 17,59,276.14 crore. The market valuation of Infosys jumped Rs 24,919.58 crore to Rs 6,14,766.06 crore and that of HDFC Bank rallied by Rs 2,907.85 crore to Rs 14,61,842.17 crore. State Bank of India's market capitalisation (mcap) climbed Rs 1,472.57 crore to Rs 7,12,854.

TCS sees sharp decline in share of Tata group's market capitalisation

TCS is expected to account for around 55 per cent of the combined net profit of 23 listed companies in FY25 down from its all-time high contribution of 106 per cent in FY20 and 64 per cent on FY23

Retail, travel clients more exposed to US tariffs turmoil, says TCS CEO

The banking and financial services sector - which makes up nearly a third of revenue for India's biggest software exporter - remains unaffected, said the CEO

Andhra allots 21.16 acres to TCS in Vizag for 99 paise to boost IT hub

According to sources, the discussion between the state and the company started in October 2024, when IT minister Nara Lokesh visited Tata House and made a strong pitch

Reaching $50 bn revenue goal by 2030 still a possibility: TCS CEO & MD

We also secured large deals - not necessarily AI deals, but deals powered by AI, says TCS CEO

TCS slides as Q4 profit dip prompts analysts to cut target price

Nine of the 13 brokerages that reviewed TCS's Q4 results downgraded their target price for the stock

TCS appoints Aarthi Subramanian as executive director-president & COO

The appointment is for a term of five years, commencing from May 1, 2025, to April 30, 2030

TCS Dividend: IT giant to pay a final dividend of ₹30 apiece in FY25

TCS's dividend payout for FY25 has already surpassed the FY24 dividend per share (DPS) of ₹73

Trading guide, April 11: Trump 90-day tariff halt, global sell-off, TCS Q4

In the previous session, Indian markets ended in the red after the RBI MPC cut the repo rate by 25 basis points to 6 per cent, and shifted its policy stance from 'accommodative' to 'neutral'.

TCS defers salary hikes amid global uncertainty, US tariff concerns

The hikes will be implemented later in the financial year, once there is greater clarity and the outlook improves, company executives said at a press conference on Thursday

Tata Consultancy Services announces Rs 45,612 crore total dividend for FY25

With this final dividend, TCS's total dividend payout for the financial year would be Rs 45,612 crore-significantly higher than the FY24 dividend of Rs 26,426 crore

TCS Q4FY25 results: Net profit falls 1.7% to ₹12,224 cr, dividend declared

TCS Q4 FY25 results: The board of directors has recommended a final dividend of ₹30 per equity share

Q4 results today: TCS and two others to kick off earnings season on Apr 10

Q4 FY25 company results today, April 10: TCS, Anand Rathi Wealth, and Evoq Remedies will release their earnings report for the quarter that ended on March 31

TCS Q4 Preview: IT major to post muted revenue growth, margin gains likely

The Tata Group's IT arm will kickstart the fourth quarter earnings season for India Inc. on Thursday, April 10.

₹1.5 trillion market-cap drop in 11 Tata group stocks; What should you do?

"Tata Group shares have rallied in the last three years and have outperformed other group stocks in the Indian markets, said Kranthi Bathini, equity strategist, WealthMills Securities

50% of Sensex stocks sink over 5%; Tata Motors, RIL, TCS hit 52-week lows

Trump tariffs, stock market today: Tata Motors share price sank 10.31 per cent to ₹550.55 per share after Jaguar Land Rover said it has halted exports to the US this month