Page 18 - Tcs

TCS, Accenture, Cognizant lead LinkedIn's top large companies list

Tata Consultancy Services has topped the LinkedIn's latest list of top companies to work for in India, followed by Accenture and Cognizant in the second and third place respectively. Professional networking platform LinkedIn on Tuesday released the 2024 Top Companies list for India wherein IT companies bagged the top three ranks, while financial services firms dominated the list with 9 out of 25 companies from this sector. The 8th edition has derived insights from LinkedIn data, and lists the top 25 large companies, 15 best mid-size companies, and provides insights on in-demand skills, top locations, and the largest job functions within these companies. Amongst large companies (500+ employees in India), Tata Consultancy Services retained its top spot this year, followed by Accenture and Cognizant. Continuing the trend from last year, financial services dominated the 2024 list with 9 out of 25 companies from this sector including Macquarie Group (4th place), Morgan Stanley (5th), an

TCS has one of world largest AI-ready workforce: CEO Krithivasan

IT company has trained 300,000 employees in basic foundational AI skills

Aspire to further expand operating profit margin: TCS CEO Krithivasan

Having exited FY24 with an operating profit within its aspirational band, the country's largest IT services company TCS will be looking at expanding further on the key metric and take it "as close to" 28 per cent as possible, a top company official has said. "We just entered that (aspirational) range. So, we would aspire to stay here or at least go up as close to 28 (per cent) as possible. We do believe that there are a little more headroom left for us to increase our (margins)," TCS Chief Executive Officer and Managing Director K Krithivasan said. There are a slew of levers available to widen the number like fixing the pyramid, mix pushing its utilisation, and also upping deal pricing, Krithivasan told PTI in an interview. Asked about pricing, which was marked out as a key to improve margins further by its Chief Financial Officer Samir Seksaria in the post-earnings call last Friday, Krithivasan said the company has not faced any troubles on it despite a series of headwinds in its k

TCS expands presence in Brazil with new delivery centre in Londrina

Tata Consultancy Services employs around 1,700 professionals in Londrina and will be generating more than 1,600 new jobs through this centre

TCS looking to increase prices to boost operating margins: CFO Seksaria

The company said it is expecting a "better" fiscal 2025 on a robust deal pipeline including a record $13.2 billion worth of orders in the reporting quarter

Stocks to Watch today: TCS, GIC, HAL, LIC, Anand Rathi, Aster DM, IT shares

Stocks to watch on Monday, April 15, 2024: IT shares, led by TCS, are expected to be in focus after the Tata group IT major reported better-than-expected Q4 numbers.

TCS will continue to hire despite decrease in headcount: CHRO Lakkad

Milind Lakkad says TCS has begun FY25 campus hiring and given offer letters to 11,000 freshers

Near-term growth snags could keep IT services giant TCS in a bind

Yet, positioned for revenue growth with recent strong deals, driven by a strengthening US economy

TCS Q4 results: Profit rises 9% to Rs 12,434 crore, revenue up 3.5%

India, UK drive IT company's growth in the quarters as US business continues to be subdued

TCS Q4 results: Profit rises 9% to Rs 12,434 crore, revenue up 3.5%

The company announced an interim dividend of Rs 28 per share.

TCS trades flat ahead of March 2024 quarter results today

Earlier in the day, the stock soared as much as 0.77 per cent to hit an intraday high of Rs 4,013.25

TCS accused of firing US workers in favour of Indians on H-1B visa

TCS has faced accusations of favouring H-1B visa holders over American workers, with discrimination claims related to race and age being levelled against the company

Q4 Preview: TCS to lead IT pack; may see upper single digit rise in profit

Reversal of furloughs and incremental contribution from the BSNL deal and other deals will fuel the revenues

Results preview: IT firms may report muted Q4 growth, eyes on FY25 guidance

January-March quarter, is considered to be a soft quarter, and will continue to see the headwinds that the sector has been facing. And the sector will enter the new financial year on a weak footing

TCS layoffs: Over 20 employees in US cry foul, file complaint against firm

With the industry facing low demand, several of the large IT firms have been looking at ways to cut costs

TCS says it trained over 350,000 employees in generative AI skills

Country's largest IT services company TCS on Friday said it has trained 3.5 lakh employees in generative AI skills. The company, which had in January announced that 1.5 lakh staffers are trained in the skill sets of what is said to be the biggest opportunity for IT services firm in the future, has now taken the number up to over half its employee base. "With over 350,000 employees trained on foundational skills in GenAI, TCS is well-poised to build one of the largest AI-ready workforces in the world," an official statement said. In 2023, it had become the first technology company to create a dedicated business unit for AI and cloud to address the growing needs of customers for cloud and AI adoption. TCS' work till now includes application of GenAI to enhance customer experience for airlines featuring natural conversations with customers when their flight is delayed or cancelled, and alternative routing options. It has also tapped into GenAI capabilities to streamline and simplify t

Tata powers Rekha Jhunjhunwala's portfolio in 2024; outperforms markets

Of top 10 companies in Rekha Jhunjhunwala's portfolio total 8 stocks have given positive returns; while Metro Brands and Fortis Healthcare recorded negative returns of 11 per cent and 4 per cent

Tech Mahindra to merge two US-based subsidiaries to optimise costs

IT services and consultation company Tech Mahindra said it plans to merge its two wholly-owned subsidiaries, Born Group and Tech Mahindra (Americas), to synergise business operations, optimise operational cost, and reduce compliance risks. The merger is subject to regulatory approvals in the country of incorporation. According to a regulatory filing, the appointed date of the plan of merger is April 1, 2024. "A Plan of Merger of Born Group, Inc., a wholly-owned step-down subsidiary of the Company with its parent company viz. Tech Mahindra (Americas) Inc., a wholly-owned material subsidiary of the Company, has been approved by the respective companies on Friday, 22nd March 2024," the company said. While BORN specializes in providing Brand strategy, visual design, brand identity exploration, and more for digital products, mobile apps, and physical products in the US, TMA provides computer consulting, programming support services and IT Management & Consulting Services. Tech Mahindra

Mcap of 5 of top-10 firms hit Rs 1.97 trn; TCS, Infosys biggest losers

The combined market valuation of five of the 10 most valued firms eroded by Rs 1,97,958.56 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit amid volatile trends in equities. Last week, the BSE benchmark climbed 188.51 points or 0.25 per cent. The market valuation of TCS tanked Rs 1,10,134.58 crore to Rs 14,15,793.83 crore, the most among the top 10 firms. The valuation of Infosys tumbled Rs 52,291.05 crore to Rs 6,26,280.51 crore. IT stocks fell on Friday after tech giant Accenture lowered its revenue forecast for the sector for the 2023-24 fiscal. Hindustan Unilever's market valuation fell by Rs 16,834.82 crore to Rs 5,30,126.53 crore and that of Life Insurance Corporation of India (LIC) declined by Rs 11,701.24 crore to Rs 5,73,266.17 crore. The market capitalisation (mcap) of HDFC Bank dipped Rs 6,996.87 crore to Rs 10,96,154.91 crore. However, the valuation of Reliance Industries Limited jumped Rs 49,152.89 crore to reach Rs

Tata Sons offloads TCS shares worth over Rs 9,300 crore via open market

Tata Sons has offloaded shares worth around Rs 9,300 crore in IT major Tata Consultancy Services through open market route, a regulatory filing said on Thursday. According to the filing, Tata Sons has sold 234 lakh shares amounting to 0.65 per cent stake in TCS on March 19. Calculated on the basis of the closing price of Rs 3,977.55 on March 19, the deal value comes to Rs 9,307.46 crore. The block deal initiated by Tata Sons was aimed to offload up to 2.34 crore shares of TCS at a floor price of Rs 4,001 per share. This floor price represented a 3.65 per cent discount from Monday's closing price of Rs 4,144.75 apiece. As of December 2023, promoters and promoter group entities hold a 72.41 per cent stake in TCS, of which 72.38 per cent shareholding is owned by Tata Sons. Shares of TCS recovered 0.09 per cent and settled for the day on Thursday at Rs 3,974.05 apiece on BSE, after witnessing a decline in the previous three trading sessions. Tata Sons shares had slipped on stock exch