Page 23 - Tcs

No fireworks from TCS Q2 nos, headcount dip keeps outlook bleak: Analysts

TCS Q2 results: There is limited visibility on demand recovery for the second half of FY24; Rs 17,000 crore buyback quantum is also below Street expectations, said analysts

Caution: Campus hiring by Indian IT services giants is in the slow lane

The management of the companies said that excessive hiring in the last few years has meant recalibration of employees as growth dipped

Amid one of largest headcount drops, TCS rethinks 25/25 strategy, ends WFH

In Q2 of FY24, TCS observed a reduction of over 6,300 in its total employee count

Israel-Hamas war: Tech firms may shift operations to India, other locations

According to reports, Israel is home to over 500 global companies including Microsoft, Intel, and Google

Stocks to Watch: TCS, Adani Group, IndusInd Bank, Aster DM, RVNL, Cipla

Stocks to Watch on October 12, 2023: RBI has allowed SBI Mutual Fund to acquire up to 9.99 per cent stake in IndusInd Bank

TCS ends pandemic practice, asks all employees to work from offices

Largest IT services company TCS on Wednesday announced that it has asked its 6.14 lakh-plus employees to work from offices, ending the practice of remote working that started due to the pandemic. The company -- the first major IT services firms to announce such a move -- has asked its workforce to return to offices because of the need to deepen the value systems and a belief in productivity gains coming from co-working, TCS Chief Human Resources Officer Milind Lakkad told reporters. "We strongly believe that they need to come to work so that the new workforce gets integrated with the larger workforce of TCS. And that is the only way they will learn and understand and internalise the TCS values and the TCS way. So yes, we are asking people to come all days in a week," Lakkad said. He added that in the last three years, it has hired a large number of people and hence, it is essential to instil the same values in all employees. When asked if the company has scrapped its '25 by 25' ...

TCS Q2FY24 result: Net profit up 8.7%; buyback worth Rs 17,000 cr announced

TCS also announced a dividend of Rs 9 per share. The record date will October 9, 2023 and the payment date is November 7, 2023

Indian shares extend gains as US rate woes ease, TCS results eyed

The NSE Nifty 50 index settled 0.62% higher at 19,811.35, while the S&P BSE Sensex rose 0.60% to 66,473.05

Stocks to Watch: Titan, Bank of Baroda, MCX, Birla Corp, TCS, REC, PFC

Stocks to watch on October 11, 2023: MCX said it will go live on the new commodity derivative trading platform from October 16, after a mock session on October 15

TCS Q2 preview: Revenue, profit seen rising in single-digits; buyback eyed

TCS Q2FY24 preview: TCS could see a 9 per cent profit growth from last year to Rs 11,396 crore

Stocks to Watch: MCX, TCS, Reliance, Bank of Baroda, Titan, Liquor, sugar

Stocks to Watch on October 9, 2023: MCX has received approval from Sebi's technical advisory panel to shift to the new commodity derivative trading platform

Weekend Bites: RBI kills one bird with one stone, future of 50-over cricket

In which we munch over the week's platter of news and views

TCS to consider share buyback in board meeting on October 11

This comes at a time when IT companies are struggling to maintain healthy revenue growth

As business from West takes a hit, Indian IT firms explore African market

As things stand, the African continent holds a relatively small share of less than five per cent in the global IT outsourcing

TCS to modernise unemployment claims system of US state of Georgia

Company will bring in web-based platform to apply for unemployment insurance benefits

TCS announces multi-year tech support deal with British retail firm Asda

Indian firm will build a new digital core to streamline Asda's supply chain forecasting, merchandising processes

TCS signs with Asda in disinvestment and digital transformation deal

TCS will aid Asda in enhancing its customer experience and innovation capabilities to help increase its market share

A fifth of entry-level technology jobs may go artificial intelligence way

Experts believe acquiring niche skills can be a smart way to stay relevant in an AI-driven market

Parents may use education loan, dollar assets to lessen TCS impact

Travellers may split forex purchases, use international cards on foreign sites, and book various elements of the trip separately

M-cap of 5 of 10 valued firms decline by Rs 62,586 cr; TCS biggest laggard

The combined market valuation of five of the top 10 most valued firms declined by Rs 62,586.88 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit, amid an overall bearish trends in equities. Last week, the BSE benchmark fell 180.74 points or 0.27 per cent, and the Nifty declined 35.95 points or 0.18 per cent. The market valuation of TCS plunged Rs 26,308.58 crore to Rs 12,91,919.56 crore. Infosys witnessed an erosion of Rs 25,296.43 crore from its valuation which was at Rs 5,95,597.10 crore. The market valuation of Reliance Industries fell by Rs 5,108.05 crore to Rs 15,87,553.37 crore and that of Hindustan Unilever declined by Rs 3,865.08 crore to Rs 5,79,373.96 crore. The market capitalisation (mcap) of HDFC Bank dipped Rs 2,008.74 crore to Rs 11,57,145.86 crore. However, the mcap of Bajaj Finance jumped Rs 20,413.41 crore to Rs 4,73,186.41 crore. Bharti Airtel added Rs 8,520.13 crore to Rs 5,19,279.14 crore in its valuation while