Page 14 - Tcs

Mcap of 8 of 10 most-valued firms jump Rs 1.55 trn; HDFC Bank, TCS sparkle

Eight of the top-10 most valued domestic firms together added Rs 1,55,603.45 crore in market valuation last week, with HDFC Bank and Tata Consultancy Services emerging as the biggest gainers, in tandem with firm trend in equities. Last week, the BSE benchmark zoomed 1,536.8 points, or 1.98 per cent, and the Nifty climbed 374.55 points, or 1.59 per cent. The BSE benchmark Sensex jumped 1,961.32 points, or 2.54 per cent, to settle at 79,117.11 on Friday. The NSE Nifty soared 557.35 points or, 2.39 per cent, to 23,907.25. From the top-10 pack, Reliance Industries and Life Insurance Corporation of India (LIC) were the laggards. The market valuation of HDFC Bank jumped Rs 40,392.91 crore to Rs 13,34,418.14 crore, the most among the top-10 firms. Tata Consultancy Services (TCS) added Rs 36,036.15 crore to Rs 15,36,149.51 crore in its valuation. The valuation of ICICI Bank soared Rs 16,266.54 crore to Rs 9,01,866.22 crore and that of Infosys surged Rs 16,189.33 crore to Rs 7,90,151.83 .

TCS bags multi-year deal from Air France-KLM for transition to advanced AI

India's largest IT services company Tata Consultancy Services (TCS) has bagged a multi-year deal to assist Air France-KLM in transitioning to an advanced, AI-ready, and cloud-native data landscape, according to a release. The deal will help Air France-KLM - a Europe-based global aviation leader in passenger transport, cargo transport and aeronautical maintenance - "become the most data-centric airline group in the world", the release added. It will facilitate Air France-KLM's transition to an advanced, AI-ready, and cloud-native data landscape. "Over the next three years, TCS will modernise the airline group's data by moving it to cloud, promoting the next generation of data-driven aviation," it said without disclosing the financial details of the contract. This shift will help Air France-KLM exit data centres and harness the strength of the cloud, supporting the sustainable and adaptive aviation industry. The new data architecture will enable the use of data to enhance operations

Nifty IT down over 3%: Why have IT stocks slipped in trade today?

Meta Platforms warned of a significant acceleration in its infrastructure expenses in 2025 in its third-quarter earnings report on Wednesday

TCS signs 15-year deal with Irish govt to manage pensions of 800K workers

IT services company will provide 'end-to-end digital solution' for automatic enrolment in pension scheme

Sitharaman invites Mexican firms to collaborate with startups, institutions

Discussions focused on boosting cooperation in technology and innovation, with the goal of expanding collaboration between the two countries

Wipro's hybrid policy: Employees to work from office three days a week

The company's new work policy allows employees to choose their in-office days based on collaborative needs, while retaining the flexibility to work remotely on the remaining days

Mcap of 7 of top-10 most valued firms erode by Rs 1.22 trn; TCS, RIL lag

The combined market valuation of seven of the top-10 most valued firms eroded by Rs 1,22,107.11 crore last week, with Tata Consultancy Services and Reliance Industries emerging as the biggest laggards, in line with weak trend in equities. Last week, the BSE benchmark fell 307.09 points, or 0.37 per cent, to 81,381.36. The market valuation of country's largest IT firm Tata Consultancy Services (TCS) tumbled Rs 35,638.16 crore to Rs 15,01,723.41 crore. The valuation of Reliance Industries slumped Rs 21,351.71 crore to Rs 18,55,366.53 crore. ITC's valuation dropped Rs 18,761.4 crore to Rs 6,10,933.66 crore, while that of Hindustan Unilever Ltd's mcap was down Rs 16,047.71 crore to Rs 6,53,315.60 crore. The market capitalisation (mcap) of Life Insurance Corporation of India (LIC) tanked Rs 13,946.62 crore to Rs 6,00,179.03 crore and that of ICICI Bank eroded Rs 11,363.35 crore to Rs 8,61,696.24 crore. Also, HDFC Bank's mcap declined Rs 4,998.16 crore to Rs 12,59,269.19 crore. Howeve

TCS shares slip as brokerages offer mixed outlook, reduce earning estimates

Analysts believe that the earnings were satisfactory and were in line with their estimates, with an optimistic management waiting for a turnaround in the near future

TCS Q2FY25 results: Net profit rises 5% to Rs 11,909 cr, revenue up 7.6%

Company's performance missed profit estimates, beat on revenue growth

Ratan Tata last rites updates: Last rites performed with full state honours at Worli crematorium

Ratan Tata Death news Updates: Ratan Tata, the colossus of India Inc, who is credited with radically transforming the Tata Group into a global powerhouse, died at the age of 86, the company said

Market Close Highlights, Oct 10: Sensex adds 144 pts, Nifty nears 25,000; Banking shares shine

Stock Market Close Highlights, Oct 10, 2024: Kotak Mahindra Bank, JSW Steel, HDFC Bank, Bharat Electronics, and IndusInd Bank were among the 23 constituent stocks of the Nifty50 that ended in the gree

A look at Ratan Tata's business successes and 'aspirational mistakes'

Ratan Tata's tenure as chairman was marked by transformative achievements, including the Tata Indica and the acquisition of Tetley, and Jaguar Land Rover, expanding the group's global footprint

Tata Consultancy cancels Q2 earnings press events after Ratan Tata's death

Tributes poured in from around the world for Ratan Tata as people remembered his remarkable journey and unparalleled contributions to the Indian business landscape and the society

TCS Q2 Preview: Analysts expect single-digit profit rise, focus on outlook

Tata Consultancy Services (TCS), the largest Indian information technology firm is set to report its financial performance for the July-September quarter of fiscal year 2024-25 (Q1FY25) on Thursday

Tata Group stocks trade weak; Tata Power, Tata Chem, Tata Com down up to 6%

Thus far in CY24, Voltas (up 81%), Tata Investment Corporation (53%), Tejas Networks (31%), Tata Power (35%), Nelco (20%),Tata Steel (18%) and Tata Communications (13%) have outperformed the Sensex.

Share Market Today: RBI MPC meet, Q2 earnings, Middle East war, Oil, FIIs

At 6:40 AM, GIFT Nifty futures were trading 89 points higher at 25,262 levels, suggesting a robust opening for the markets.

Indian IT sector turns to campus placements after a year-long pause

The Indian IT sector companies are resuming campus recruitment after a year, showing signs of recovery for the industry. The companies are looking to hire skilled freshers rather than entry-level jobs

TCS announces launch of new delivery centre in Poland, aims to expand ops

The centre forms part of TCS' European delivery network, facilitating the delivery of hyper-connected services

TCS expands operations in Poland, aims to double workforce in a year

Tata Consultancy Services (TCS) on Friday said it has expanded operations in Poland with the opening of a new delivery centre in Warsaw, and expects to double its workforce in the region to over 1,200 within a year. The new delivery centre showcases TCS' capabilities across industries and technologies, according to a regulatory filing. "The new delivery centre will allow TCS to access the skilled talent pool in the Polish Information and Communication Technology (ICT) industry to provide hyper-connected services to global clients. "With the new delivery centre, TCS expects to double its workforce to 1,200-plus in a year to support its further growth in the region," it said. Indian Ambassador to Poland Nagma Mallick, TCS head of Europe Sapthagiri Chapalapalli and General Manager for TCS in Eastern Europe Prabal Datta inaugurated the centre. The new centre joins TCS' European delivery network, which facilitates the delivery of hyper-connected services to its customers across ...

IT major TCS retains position as India's most valuable brand: Kantar

With a brand value of $49.7 billion, TCS has seen a 16 per cent rise compared to last year, driven by investments in innovation, particularly in artificial intelligence (AI) and digital transformation