Page 12 - Tcs

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

Most brokerages bullish on TCS post Q3; CLSA upgrades to 'Outperform'

Analysts have mixed views on TCS following its Q3FY25 performance, with several brokerages highlighting the company's growth potential despite near-term challenges

Nifty IT gains over 2%; TCS rallies 5% on strong order book, robust outlook

IT-bellwether TCS's headline revenue numbers remained flat, but the deal-win total contract value (TCV) was encouraging, signaling potential momentum pick-up ahead

Stocks to Watch, Jan 10, 2025: TCS, IREDA, Tata Elxsi, Swiggy, Zomato, SAIL

Stocks to Watch, Jan 10, 2025: TCS, IREDA, Tata Elxsi will be in focus post their Q3 results, also, Swiggy, Zomato, Vi and others will be on the radar

TCS Q3 results: Net profit jumps 12% to Rs 12,380 cr, revenue swells 5.6%

Revenue for the company grew 5.6 per cent to Rs 63,973 crore in Q3 FY25. Sequentially, the firm's revenue declined by 0.4 per cent

TCS bets on Prez-elect Trump to boost US client confidence, spending

The comments came after the leader of the $254 billion Indian IT sector reported a decline in North American revenue for the fifth-straight quarter

TCS headcount down by over 5K; attrition rose 13%, promoted 25K in Q3

India's largest IT services firm saw its headcount decrease by 5,370 in Q3 FY24

Stock Market Close Highlights: Sensex sheds 528pts, Nifty at 23,526; IT, financials shares dip

Stock Market Today LIVE Updates, Jan 9: In the broader markets, the Nifty MidCap and SmallCap indices were flat

TCS share price remains flat ahead of Q3 results; here's what to expect

Brokerages tracked by Business Standard expect TCS to report a 6.3 per cent year-on-year (Y-o-Y) revenue growth for Q3, reaching Rs 6,445.63 crore, up from Rs 6,060 crore in the previous year