Page 32 - Tcs

TMS Ep478: UPI goes global, Chandrayaan-3, MFs and small-caps, TCS vs TDS

How can UPI replicate its success abroad? How will Chandrayaan 3 mission help space start-ups? Why are MFs finding the going tough for small-cap schemes? How is TCS different from TDS? Answers here

M-cap of 6 of top-10 valued firms jumps Rs 2 trn; Reliance, TCS big winners

Six of the top-10 most valued firms together added Rs 2,03,010.73 crore in market valuation last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest gainers, amid an optimistic trend in equities. Last week, the 30-share BSE benchmark jumped 780.45 points or 1.19 per cent. The Sensex on Friday settled at its new all-time closing high of 66,060.90. From the top-10 pack, the market valuation of Reliance Industries jumped Rs 69,990.57 crore to reach Rs 18,53,033.73 crore. Tata Consultancy Services (TCS) added Rs 68,168.12 crore taking its valuation to Rs 12,85,058.84 crore. The market valuation of Infosys rallied Rs 39,094.81 crore to Rs 5,91,547.67 crore and that of Bharti Airtel surged Rs 10,272.84 crore to Rs 4,95,116.94 crore. The market capitalisation (mcap) of ICICI Bank climbed Rs 10,135.42 crore to Rs 6,72,837.72 crore and that of ITC went up by Rs 5,348.97 crore to Rs 5,87,951.43 crore. However, HDFC Bank's valuation fell by Rs 8,695.25 crore

Nifty IT index gains 6% in 2 days; Tech Mahindra, Coforge hit 52-week highs

Mphasis surged 4 per cent, while TCS, Infosys, HCL Technologies and L&T Technology Services gained in the range of 2 to 3 per cent

Strong order book, diversified portfolio drive Street's confidence in TCS

The positive from TCS' point of view, which reported flat sales growth QoQ, was the strong order book which topped the $10.2-billion mark

TCS shares climb 3% post-earnings announcement, mcap jumps Rs 29,437 cr

Shares of Tata Consultancy Services (TCS) climbed almost 3 per cent on Thursday a day after the company reported a 16.83 per cent increase in its June quarter net profit to Rs 11,074 crore. The stock climbed 2.47 per cent to settle at Rs 3,340.65 on the BSE. During the day, it rallied 3.24 per cent to Rs 3,366. It was the biggest gainer among the BSE Sensex and NSE Nifty firms. At the NSE, it climbed 2.59 per cent to end at Rs 3,344.50. The company's market valuation jumped Rs 29,437.08 crore to Rs 12,22,361 crore in tandem with rally in the stock. A total of 2.69 lakh shares of the company were traded at the BSE and over 45.85 lakh shares on the NSE during the day. The rally in the stock was instrumental in helping equity markets trade firm. The 30-share BSE Sensex ended 164.99 points, or 0.25 per cent, higher at 65,558.89, and the NSE Nifty went up by 29.45 points, or 0.15 per cent, to 19,413.75. The Tata Group company had reported a net profit of Rs 9,478 crore in the year-ago

Long-term tech story intact for TCS, says CEO and MD K Krithivasan

K Krithivasan, CEO and MD of TCS, shares insights on the business environment, acknowledging that though near-term uncertainty persists, long-term tech story is intact >

New tech not IT-driven... long-term tech spend intact: TCS CEO & MD

'We have not seen too many large deals compared to last quarter. But some of them will be large'

Sensex sheds 505 pts from summit, ends 165 pts up; PSU banks crack; IT gain

CLOSING BELL ON JULY 13, 2023: The NSE Nifty50 hit a new high of 19,567, before finishing with a modest gain of 29 points on Thursday. Broader indices ended in red.

Generative AI deals expected in 2 quarters; will not be mega wins: TCS CEO

The country's largest IT services company TCS is expecting some generative artificial intelligence- (AI) based deals in the next two quarters, but their sizes will not be big, its top official said on Thursday. Those deals will not be over USD 1 billion, TCS Chief Executive Officer and Managing Director K Krithivasan told PTI during an interview here. Each organisation will spin out a number of deals, but there may not be a single billion dollar kind of deal in generative AI, Krithivasan said, adding that at present, every organisation is tinkering to assess the possibilities of the new technology. TCS, which on Wednesday announced its intent to train 1 lakh associates on generative AI and working on 50 proofs of concept, is also gearing up for the changes in the landscape, Krithivasan said. The major impact (for) organisations will happen only when they embark on an enterprise-wide programme. As long as they keep doing some use cases here, some use cases there, some pilots here, e

TCS may hit Rs 4,000-mark on Q1 boost; HCL Tech could dip to Rs 1,000 level

Once the range of Rs 3,380 to Rs 3,350 is conquered, TCS shares are set to hit a new historic peak. HCL Tech, meanwhile, may slip under Rs 1,000 if it fails to hold the 200-DMA

Q1 results impact: TCS up 2%, HCL Tech slips; Brokerages remain optimistic

TCS's management maintained that near term demand challenges remain and refrained from giving recovery timelines, implying a slow and gradual recovery ahead.

IT giant TCS kicks off appraisal cycle during annual compensation review

He also added that the company's retention level will be back to pre-pandemic level by the second half this fiscal year.

TCS Q1 net profit beats Street, revenue growth misses the estimate

Attrition drops to 17.8% from a high of 21% in March quarter

Sensex drops 224 pts in fag-end, Nifty below 19,400; Delta Corp sinks 23%

CLOSING BELL ON JULY 12, 2023: Shares of online gaming firms wilted under selling pressure on Wednesday owing to the 28% GST levy. Meanwhile, HDFC signed-off its from the bourses with a 0.6% loss.

TCS Q1FY24 result: Net profit up 16.8% YoY; revenue rises to Rs 59,381 cr

TCS Q1FY24 result: The attrition for the first quarter of the current financial year stood at 17.8%

Stocks to Watch today, July 12: TCS, HCLTech, Delta Corp, Nazara, Lupin

Stocks to watch on July 12, 2023: IT majors TCS and HCL Technologies will report Q1 earnings today, Wednesday.

TCS Preview: Wage hikes to erode margin in Q1FY24; PAT may drop 3.3% QoQ

TCS Q1 result preview: The weakness comes on account of a worsening demand environment, which is leading to cancellation and delay in projects, a longer sales cycle and slower revenue conversion

GST Council meeting: Onus of deducting TCS may be on ONDC sellers

Tuesday's GST Council meet likely to put out clarification

TCS plans to upskill 25,000 engineers on Microsoft's Azure Open AI

The company also launched its new Generative AI Enterprise adoption offering for clients, making a bet on the rapidly growing artificial intelligence space

After TCS, Tata Steel suspends 35 employees for ethical misconduct

Another three employees were fired for sexual misconduct, taking the total tally to 38