As a part of the partnership, TCS will help Enento simplify its operating model and harmonise its technology stack by leveraging TCS' technology solutions
Proportion of TDS, advance taxes in total collections inching closer to 80%
The sharp rally in the TCS stock boosted the Mumbai-based salt-to-software major's total mcap to Rs 30.6 trillion
Indian company's scope of work will expand to cover more than 5.5 mn insurance policies
TCS is aiming to double staff in France over the next three years as it sees handsome business growth in the European country, a senior official said on Thursday. At present, the largest Indian IT services company employs 1,600 people in France across four major centres in the country. France is among the fastest growing markets in Europe for TCS, growing much faster than the numbers it reports for the continent, its head of European business, Sapthagiri Chapalapalli, told PTI. Chapalapalli said TCS has been present in France for over three decades now and right now, it feels that the bulk of the groundwork is ready for a faster growth of the business going ahead. The business in France will "multiply" from here on by growing at an accelerated pace courtesy building blocks which have been put in place, he said. It has been working with 80 French clients across all major sectors which are key to the local economy and also runs an innovation centre in Paris. A bulk of its 1,600 sta
Tata Consultancy Services CEO K Krithivasan states that with the positive incentives provided, a majority of employees will be back in the office within the next couple of quarters
Accenture has maintained its position as the world's most valuable IT services brand, with a brand value of $40.5 billion
The Nifty IT index is likely to trade with a bullish bias as long as the index sustains above 36,950 levels, suggest the daily chart.
"We believe it (fiscal 2025) could be a better year than fiscal 2024," Krithivasan said
We were always confident of our business mix and our incredible leadership and all other elements, said C Vijayakumar, CEO & MD, HCLTech
The silver lining of the performances of these companies during the quarter was the total contract value (TCV) signed, which continued to show a healthy momentum.
Compared to its competition, Noida-headquartered HCLTech's performance was the best
Top honchos from India Inc, finance, govt heading to the World Economic Forum
Stocks to Watch on January 12, 2024: Crude oil jumped 2 per cent to $79 after the US and UK striked Houthi targets in Yemen in response to the Red Sea attacks
The fall in headcount is a serious issue for the sector as well as for engineering graduates, as both these firms are the largest recruiters from campuses
TCS Q3FY24 results: The IT major also reported a net attrition of 13.3 per cent and said will continue hiring from colleges
As per an average of six brokerage estimates, TCS is likely to report a net profit of Rs 11,617 crore for the quarter, up 7 per cent from a year ago. Sequentially, this could be 2.4 per cent higher
Vandrevala joined TCS in 1982 and served as a key part of the leadership team over the decades, including serving as Executive Director of the company between 2007-2016
The combined market valuation of six of the top-10 most valued firms declined Rs 57,408.22 crore last week, with Tata Consultancy Services (TCS) and HDFC Bank taking the biggest hit, in-line with muted trends in equities. Last week, the BSE benchmark declined 214.11 points, or 0.29 per cent, even after hitting an all-time high of 72,561.91 on January 1. The market valuation of TCS fell by Rs 20,929.77 crore to Rs 13,67,661.93 crore, the most among the top-10 firms. HDFC Bank's market capitalisation (mcap) declined Rs 20,536.48 crore to Rs 12,77,435.56 crore. The valuation of Hindustan Unilever fell Rs 10,114.99 crore to Rs 6,15,663.40 crore. The mcap of Infosys went down Rs 4,129.69 crore to Rs 6,36,222.11 crore, and that of ICICI Bank by Rs 1,608.05 crore to Rs 6,97,357.42 crore. The valuation of State Bank of India dipped Rs 89.24 crore to Rs 5,72,826.22 crore. However, the mcap of Reliance Industries jumped Rs 14,816.85 crore to Rs 17,63,644.77 crore while ITC added Rs 14,409
Q3 IT preview: Elara Securities said that added that other large firms may witness a revenue dip of 1-1.3 per cent QoQ CC given weak seasonality