Page 12 - Tcs

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.

'No bulk hiring anytime soon' as IT companies navigate tricky ground

TCS and Infosys did most of the net hiring in the last financial year, followed by Tech Mahindra while Wipro added very few people

1% TCS on luxury goods: FAQs, items covered under it & what experts say

'It could be counterproductive. PAN details were already required for purchases above Rs 2 lakh. TCS may discourage consumers, hurt GST collections from formal retailers, while benefiting grey market'

Software services giant TCS launches three India-focused offerings

The TCS SovereignSecure Cloud offers dedicated infrastructure that is designed to enable compliance with the Digital Personal Data Protection Act of 2023 and has AI integrated into its foundation

TCS sees strong tech growth in India, Brazil and other key markets

Some short-term headwinds notwithstanding, there is a sense of optimism in India, Brazil and other 'growth markets' around tech adoption and transformation opportunities, a senior executive of Tata Consultancy Services (TCS) said on Thursday. The company continues to be upbeat about potential of the domestic market itself and is doubling down on its focus on India, where a combination of favourable factors including economic growth, innovation drive, favourable demography are all coming together at this points of time, Girish Ramachandran, TCS' President - Growth Markets, told PTI. "...there has been a sense of optimism around all the markets that I go to. Yes, there will be headwinds in the short term but overall if you look at most markets, whether it is Brazil, whether Saudi Arabia, whether it is India, whether it is Asia Pacific, there is a sense of optimism and most markets tend to do well in terms of the GDP growth, so overall I do think that from 'growth market' point of view,

TCS launches SovereignSecure Cloud for govt, public sector enterprises

IT services behemoth TCS on Thursday announced three power-packed, India-focused offerings including an indigenous and secure cloud for government and public sector enterprises, aimed at strengthening the country's data sovereignty and accelerating AI capabilities. TCS SovereignSecure Cloud is engineered to keep sensitive data within India's borders, leveraging the company's data centres in availability zones of Mumbai and Hyderabad. The Tata Group company also introduced TCS DigiBOLT, an AI-enabled low-code platform, and its globally-recognised Cyber Defense Suite in India, that the company said would empower enterprises to fast-track their digital innovation and cyber resilience. The line-up of offerings include SovereignSecure Cloud - a first-of-its-kind, indigenous and secure cloud for government and public sector enterprises, that strengthens India's data sovereignty and accelerates its AI capabilities. This cloud comes with integrated AI capabilities to support government ...

Watches, art, bags, sportswear over Rs 10 lakh? Say hello to 1% TCS

If you're planning a big-ticket luxury buy, check if it falls under the new TCS list. Keep the invoice, PAN details, and TCS certificate handy for smooth tax filing.

ICICI Securities partners with TCS to upgrade retail trading platform

The collaboration will allow ICICI Securities to provide customers with an intuitive, state-of-the-art trading and wealth creation experience tailored to evolving market demands

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

US agency probes bias claims against TCS on race, age, national origin

An EEOC spokesperson, citing federal law, said the agency cannot comment on investigations. Complaints, or charges, made to the EEOC are confidential under federal law.

IT major Infosys to hire 20,000 fresh engineering graduates in FY26

It remains to be seen how this hiring will pan out, which will largely depend on project ramp-ups and more deal inflows. Any further deterioration may force the companies to proceed with caution

TCS partners with AI firm Vianai Systems, founded by Vishal Sikka

TCS will customise the hila platform to meet the specific needs of financial institutions and other key sectors

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

Tata Sons to utilise hefty TCS dividend to invest in new businesses

Tata Sons invested ₹3,000 cr in Tata Capital, Tata Projects rights issue in FY 2025

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 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

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

TCS Q4 results: Net profit slips 1.7% to ₹12,224 crore, misses estimates

Revenue for the company grew 5.2 per cent to Rs 64,479 crore for Q4FY25. Sequentially, the firm's revenue was up marginally by 0.79 per cent

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