Page 11 - Tcs

Here are 5 IT stocks that you can still bet on despite US recession fears

Sumit Pokharna, vice president for fundamental research at Kotak Securities suggests five IT stocks that investors can still bet upon from a long-term perspective

TCS signs 5-yr partnership with Air New Zealand to modernise digital infra

This partnership strengthens TCS' commitment to New Zealand, where it has been a trusted partner for digital transformation for over 37 years

Mcap of 5 most valued firms declines by Rs 93K cr; Infosys, TCS hit hard

The combined market capitalisation of five of the top-10 most valued firms declined by Rs 93,357.52 crore, with IT giants Infosys and Tata Consultancy Services taking the biggest hit, in line with a weak trend in domestic equities. Last week, the BSE Sensex benchmark declined 503.67 points or 0.68 per cent, and the NSE Nifty fell 155.3 points or 0.69 per cent. The stock markets were closed on Friday on the occasion of Holi festival. Meanwhile, Infosys, Tata Consultancy Services (TCS), Hindustan Unilever, State Bank of India and Reliance Industries saw a decline in their market valuations. In contrast, ICICI Bank, HDFC Bank, ITC, Bajaj Finance and Bharti Airtel posted gains. The five firms together added Rs 49,833.62 crore in their market capitalisation. The market capitalisation (mcap) of Infosys dropped by Rs 44,226.62 crore to Rs 6,55,820.48 crore. The Mumbai-based TCS' valuation tumbled by Rs 35,800.98 crore to Rs 12,70,798.97 crore and slipped to the third place among the ...

TCS appoints insider Sudeep Kunnumal as CHRO, effective March 14

Kunnumal replaces Milind Lakkad, who is stepping down upon his superannuation

Nifty IT at 9-month low; brokerages flag weak earnings outlook for sector

Among individual IT stocks, Infosys slipped over 5 per cent in intraday deals on Wednesday, after Morgan Stanley downgraded the stock to 'equal weight', and preferred TCS.

TCS to acquire Darshita Southern India Happy Homes for Rs 2,250 crore

The acquisition is focused on acquiring the land and building of Darshita to expand TCS's delivery centre

Mcap of 7 of top-10 valued firms jumps Rs 2.10 trn; RIL, TCS major winners

The combined market valuation of seven of the top 10 most valued companies surged by Rs 2,10,254.96 crore last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest gainers. Last week, the BSE Sensex climbed 1,134.48 points or 1.55 per cent, and the NSE Nifty rose 427.8 points or 1.93 per cent. The market capitalisation (mcap) of Reliance Industries surged by Rs 66,985.25 crore to Rs 16,90,328.70 crore. Tata Consultancy Services (TCS) market valuation climbed by Rs 46,094.44 crore to Rs 13,06,599.95 crore. With this sharp rise in its market valuation, TCS again rose to the second rank in the top-10 most-valued firms chart. The mcap of State Bank of India zoomed by Rs 39,714.56 crore to Rs 6,53,951.53 crore and that of Bharti Airtel advanced by Rs 35,276.3 crore to Rs 9,30,269.97 crore. ITC's market valuation rallied by Rs 11,425.77 crore to Rs 5,05,293.34 crore and that of ICICI Bank surged Rs 7,939.13 crore to Rs 8,57,743.03 crore. Hindustan Unilev

Target is to double organisations' AI adoption rate: TCS CTO Harrick Vin

Less than 15-25 per cent of all use cases going into production

Mcap of 8 of top-10 most valued firms erodes by Rs 3 trn; TCS hit hard

The combined market valuation of eight of the top-10 most valued firms eroded by Rs 3,09,244.57 crore in a holiday-shortened last week, with Tata Consultancy Services taking the biggest hit, in line with bearish trend in equities. Last week, the BSE benchmark gauge Sensex tanked 2,112.96 points or 2.80 per cent, and the NSE Nifty tumbled 671.2 points or 2.94 per cent. In February alone, the Nifty dropped 1,383.7 points or 5.88 per cent. The Sensex lost 4,302.47 points or 5.55 per cent. The market valuation of Tata Consultancy Services (TCS) plunged Rs 1,09,211.97 crore to Rs 12,60,505.51 crore, the most among the top-10 firms. With the sharp decline in its market valuation TCS slipped to the third rank in the top-10 most valued firms chart from the previous second place. HDFC Bank overtook TCS to become the second most valuable firm. The valuation of Infosys tanked Rs 52,697.93 crore to Rs 7,01,002.22 crore. Bharti Airtel's market valuation eroded by Rs 39,230.1 crore to Rs ...

TCS extends partnership with Norway's DNB Bank ASA for five years

Over the past 12 years, TCS has partnered in DNB's innovation and transformation journey, delivering a wide range of digital solutions

TCS extends partnership with Norway's DNB Bank ASA for next 5 years

India's largest IT services company Tata Consultancy Services (TCS) on Friday announced an extension of its partnership with Norway's largest financial services group, DNB Bank ASA, for an additional five years. It, however, did not divulge the financial details of the extended contract. With the renewed pact, TCS will continue as DNB's strategic partner, supporting the bank's digital modernisation, while enhancing cost efficiency targets, according to a release. TCS will also deploy next-generation technology for DNB's modernisation initiatives by maintaining and developing new applications, strengthening security capabilities, and providing insights on next-generation technologies, including Artificial Intelligence (AI) and quantum computing. Elin Sandnes, Group EVP of Technology and Services at DNB, said that the group already has a longstanding and proven relationship where TCS has helped enable some of the biggest transformations and innovations over the past twelve years. "W

Tata Capital IPO: Tata Group's NBFC inches closer to D-Street; details here

This would mark the second company from the Tata Group to go public in less than two years, as earlier in 2023, Tata Group's technology arm, Tata Technologies went public

IT stocks: Nifty IT index slips over 2% on fears of slowing US economy

At 9:57 AM, the Nifty IT index was trading lower by 2.30 per cent, at 39,612. It touched an intra-day low of 39,465.75 during the session so far.

Mcap of 8 of top-10 most valued firms erodes Rs 1.65 trn; TCS hit hard

The combined market valuation of eight of the top-10 most valued firms eroded Rs 1,65,784.9 crore last week, with Tata Consultancy Services (TCS) taking the biggest hit, in line with bearish trends in equities. Last week, the BSE benchmark declined 628.15 points, or 0.82 per cent, while the Nifty went lower 133.35 points, or 0.58 per cent. The market valuation of TCS tanked Rs 53,185.89 crore to Rs 13,69,717.48 crore. Bharti Airtel's market capitalisation (mcap) dropped Rs 44,407.77 crore to Rs 9,34,223.77 crore. The valuation of ICICI Bank tumbled Rs 18,235.45 crore to Rs 8,70,579.68 crore and that of Hindustan Unilever plunged Rs 17,962.62 crore to Rs 5,26,684.38 crore. Infosys faced an erosion of Rs 17,086.61 crore to Rs 7,53,700.15 crore from its market valuation. The mcap of ITC eroded Rs 11,949.42 crore to Rs 5,01,750.43 crore and that of HDFC Bank diminished Rs 2,555.53 crore to Rs 12,94,152.82 crore. State Bank of India's valuation declined Rs 401.61 crore to Rs 6,43,955

Stocks to Watch, Feb 21, 2025: Religare Ent, CIE Automotive, TCS, Vedanta

Stocks to Watch, Feb 21, 2025: Here is a list of stocks that could be buzzing in trade today

TCS, Salesforce tie up to drive AI power in manufacturing, semiconductors

Tata Consultancy Services (TCS) on Thursday announced a new collaboration with Salesforce to help customers in the manufacturing and semiconductor industries drive value from artificial intelligence. As part of this collaboration, TCS launched three initiatives. These include Semiconductor Sales Accelerator for increasing sales with data-driven insights; Seller for the Future for providing near real-time insights, predictive analytics, and personalised recommendations; and Digital Field Service to equip technicians on field with real-time information, predictive maintenance insights, and optimised scheduling. "The collaboration will leverage the combined industry expertise, AI, and cloud capabilities of TCS and Salesforce to help manufacturers and semiconductor chipmakers to unlock data-driven insights for smarter selling and exceptional service," according to a release. One of the key challenges for organisations in their AI adoption journeys is to unlock the true value of their ..

TCS accused of visa violations by former staffers, company rejects claims

TCS has firmly rejected the accusations, saying, 'we strongly refute these inaccurate allegations by former employees, which have previously been dismissed by multiple courts'

TCS stock can tank 16%, trades below this key monthly support after June 23

TCS is seen testing its 20-month moving average for the first time in 21 months, a monthly close below the same shall open the doors for a slide towards Rs 3,170 levels; suggests technical chart.

Ex-employee alleges IT services company TCS misused US visa system

Says IT firm misrepresented job roles to send more employees

At $3.8 trillion, India's top 500 pvt cos value more than the country's GDP

NSE, Bharti Airtel storm into top 10 for the first time in Axis Bank's Burgundy Private and Hurun India list; Motilal Oswal Financial Services was the fastest-growing company, the report suggests.