Page 12 - Tcs

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.

TCS cuts quarterly variable pay for senior staff despite return to office

This marks the second consecutive variable pay cut at TCS for senior employees despite adherence to the work-from-office directive

Budget 2025-26: Is the new Income-Tax Bill a step towards 'Nyaya'?

The reduction in TDS rates and rationalisation of TCS provisions are welcome steps

Businesses need to be perpetually adaptive, says TCS CEO K Krithivasan

A technology-led approach turns these transformation goals into achievable realities

Accenture, TCS, Infosys, HCLTech top 2025 Brand Finance IT Services ranking

Indian IT players are expected to benefit significantly from renewed demand, further strengthening India's position as a critical player in the industry

Mcap of 6 most valued firms erodes by Rs 1.71 trn; Infosys, TCS lag

The combined market valuation of six of the top 10 valued domestic firms eroded by Rs 1.71 lakh crore last week, with IT majors Infosys and Tata Consultancy Services taking the biggest hit. Last week, the BSE benchmark lost 759.58 points or 0.98 per cent, and the Nifty declined by 228.3 points or 0.97 per cent. From the top 10 pack, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever and ITC faced a combined erosion of Rs 1,71,680.42 crore in their market valuation while Reliance Industries, Bharti Airtel, State Bank of India and Life Insurance Corporation of India (LIC) were the gainers. The valuation of Infosys tanked by Rs 62,948.4 crore to Rs 7,53,678.38 crore, the most among the top 10 firms. Infosys shares tanked nearly 6 per cent on Friday amid profit-taking after the announcement of the third quarter earnings. The market capitalisation (mcap) of TCS tumbled by Rs 50,598.95 crore to Rs 14,92,714.37 crore. Hindustan Unilever's valuation droppe

IT major Wipro plans to onboard 10,000-12,000 campus hires in FY26

TCS and Infosys have also announced plans to hire more freshers in the next financial year

From TCS to Infosys, December quarter IT results hint at a better FY26

While underlying growth continued to be weak in the quarter for most of the top players, what is giving confidence is the commentary that discretionary expenditure is coming back

64% consumers may choose EV as their next vehicle in 2025: TCS study

Among the challenges, cost of vehicles, maintenance, charging time, charging infrastructure, and range were identified as key factors influencing consumer decisions when considering purchasing an EV

Cash cow: TCS dividend to Tata Sons nears Rs 25,000 cr in FY25 so far

Tata Sons received its highest ever dividend of Rs 30,418 crore in FY23. In FY24, Tata Sons used its dividend income to repay its entire debt, successfully transforming into a debt-free company

We're confident of hiring 40,000 freshers from campuses this year: TCS CHRO

He talks about why this quarterly decline is not indicative of a slowdown in demand, and how TCS is positioning itself as an AI-first organisation

TCS expects margin benefits as BSNL deal tapers, says CFO Samir Seksaria

Tapering off in the BSNL deal expected over the next few quarters will aid TCS to expand profit margin, a senior company official has said. The country's largest software exporter is also looking at creating a capacity of over 25,000 seats in Bengaluru over the long term on a land parcel acquired recently, Chief Financial Officer Samir Seksaria told PTI here. "The same program (BSNL) as it tapers down at a portfolio level, at an overall level, there would be a benefit which would come in (on margins)," Seksaria said replying a specific question on the impact of BSNL deal's tapering down on margins. He, however, declined to share a number on the positive impact on the operating profit front. For the December quarter, it reported operating profit margin at 24.5 per cent for December quarter and made it clear that it aims to expand on it. Seksaria added that there would be a tapering down in the BSNL contract till the September quarter of FY26. It can be noted that the over Rs ...

TCS expects retail, manufacturing revival after banking recovery, says CFO

Retail and manufacturing are the second- and fourth- largest revenue contributors to the $29 billion behemoth