Page 9 - Tata Consultancy Services

TCS Q1 results: Net profit up 8.7%, margins rise despite salary hike

TCS meets estimates, but macro challenges persist; AI, genAI pipeline doubles

India's tech sector needs 1 mn high-tech engineers as economy expands

India's $250 billion tech sector plays an important role in the economy, employing about 5.4 million people

TCS Q1 Preview: Margin pressure to weigh; net profit may rise 6-9%

Tata Consultancy Services (TCS) is expected to register a single-digit growth in revenue and profit for the April-June quarter of fiscal year 2024-25 (Q1FY25)

Mcap of BSE-listed firms hit record high of Rs 445.43 trn amid record rally

The 30-share Sensex hit the historic 80,000-mark for the first time earlier in the day. It surged 632.85 points, or 0.79 per cent, to hit a record intra-day high of 80,074.30

TCS announces title partnership of Sydney Marathon, Australia's largest

Indian IT company sponsors 14 global running events that are attended by 600,000 runners

AI to usher in era of technological prowess: Tech Mahindra Chairman

IT firm to follow 'three-pronged' strategy for revenue and profitability predictability, says Mohit Joshi

Wipro's female workforce sees significant drop, declines by 8,126 in FY24

At Wipro, reports of sexual harassment complaints more than doubled in FY24, totalling 182 cases compared to 70 in FY23

2 days after postponing NEET-PG, health ministry reviews exam process

Top officials from the Union health ministry on Monday reviewed the process of the NEET-PG exam, two days after the entrance examination to postgraduate medical courses was postponed. The National Eligibility Entrance Test (Postgraduate) entrance examination is conducted by the National Board of Examinations in Medical Sciences (NBEMS), along with its technical partner Tata Consultancy Services (TCS), for medical students. The government on Saturday postponed the NEET-PG entrance examination, scheduled to be held on June 23, as a "precautionary measure" in the wake of recent allegations on the integrity of certain competitive exams. The Monday meeting was held to check the "robustness" of the system for the conduct of the exam in the coming days, sources said. It was learnt that the TCS top brass briefed about the various aspects of the exam procedure that is followed in the meeting. "The process of uploading the NEET-PG exam paper starts an hour before the exam is to be held. Thi

Future beyond software: How can India bring next wave of lucrative jobs?

Policymakers in New Delhi have their sight on China's factory-to-the-world crown. They are spending $24 billion over five years on production-linked incentives

Fresher hiring in India's IT sector tumbles to two-decade low: Xpheno

HR analysts and college placements offices that Business Standard spoke to said fresher hiring by the top five IT firms has been the lowest in this financial year so far

US court orders TCS to pay $194 million for trade secrets misappropriation

The case, filed by Computer Sciences Corporation (CSC) (now known as DXC Technology Company) against the company alleges misappropriation of its trade secrets

Stocks to Watch, June 12:L&T, Cipla, Patanjali Foods, TCS, TVS Supply Chain

Stocks to Watch on Wednesday, June 12: L&T expects private capex to pick up gradually post general elections in India in FY25.

Here's why India should look back 300 years to learn a lesson in AI

This is just the beginning. As generative AI morphs into artificial general intelligence - machines rivaling human cognitive abilities - even highly complex tasks may not require expert programmers

Mcap of 8 of 10 most valued firms erodes by Rs 2.08 trn; RIL, TCS suffer

The combined market valuation of eight of the top-10 most valued firms declined by Rs 2,08,207.93 crore last week, with bellwether Reliance Industries, TCS and Infosys taking the biggest hit. While these three firms along with ITC, Life Insurance Corporation (LIC), Hindustan Unilever Ltd, Bharti Airtel and ICICI Bank were the laggards, HDFC Bank and State Bank of India (SBI) emerged as gainers. Last week, the 30-share BSE Sensex tanked 1,449 points or 1.92 per cent. It rose by 75.71 points or 0.10 per cent to settle at 73,961.31 on Friday, snapping a five-day losing streak. The market capitalisation (mcap) of index heavyweight Reliance Industries plunged by Rs 67,792.23 crore to Rs 19,34,717.12 crore, while TCS mcap declined by Rs 65,577.84 crore to Rs 13,27,657.21 crore. The valuation of Infosys slumped by Rs 24,338.1 crore to Rs 5,83,860.28 crore, and that of ITC went lower by Rs 12,422.29 crore to Rs 5,32,036.41 crore. Mcap of LIC dropped by Rs 10,815.74 crore to Rs 6,40,532.52

Wipro public shareholders object to outgoing CEO Delaporte's severance pay

Resolution to pay him $4.33 mn in cash compensation is accepted due to promoter shareholding

TCS, IIT Bombay to build India's first quantum diamond microchip imager

Tool is used to detect anomalies in semiconductor chips without damaging them

Global investors' preference for AI hits India IT stocks' heft as tech bets

Traditional software companies' earnings and valuations are at risk because their business models are not evolving with the times, said Deven Choksey, managing director of DRChoksey FinServ Pvt

86% of executives have deployed AI to enhance revenue: Global TCS study

Companies realising that being 'AI mature is a marathon, not a sprint', it says

TCS' outlook improving after 2 years of recessionary fears: Chandrasekaran

GenAI will we have impact 'not previously seen or imagined', says IT company's chairman

TCS CEO Krithivasan's salary for FY24 at Rs 25 cr, COO earned Rs 26.18 cr

Krithivasan's remuneration includes his that for his previous role as company's global head for BFSI