Page 45 - Tcs
With Europe slowing, TCS says North America to drive its growth in FY23
The IT major indicated that clients in Europe are more cautious on tech spends given the possibility of deeper recession and ongoing conflict in Eastern Europe, leading to delays in decision making
 "With Europe slowing, TCS says North America to drive its growth in FY23")
Stocks to watch: TCS, Tata Motors, Mahindra Holidays, D-Mart, Adani Group
Stocks to watch today: IT behemoth TCS net profit grew 5.2 per cent year-on-year (YoY) to Rs 9,478 crore in Q1FY23; Tata Motors hiked prices across passenger vehicle range by 0.55 per cent.
 "Stocks to watch: TCS, Tata Motors, Mahindra Holidays, D-Mart, Adani Group")
No signs of slowdown in attrition at TCS; firm says it has enough hands
TCS which had shared in Q4 of FY22 the hiring target of 40,000 for FY23, said the target remains
Tata Tech plans IPO by fiscal-end, the first by Tata group in 18 years
The company is in talks with several banks, including Citibank, to manage the share sale; The last share sale by a Tata firm was in 2004, when TCS floated an IPO
 "Tata Tech plans IPO by fiscal-end, the first by Tata group in 18 years")
TCS beats street estimates with 16.2% Q1 revenue growth; margins disappoint
The consolidated revenue of the IT major grew to Rs crore in the quarter under review from Rs 45,411 crore a year ago
 "TCS beats street estimates with 16.2% Q1 revenue growth; margins disappoint")
Top headlines: TCS beats street estimates, ED fines Amnesty India, and more
TCS' net profit grew 5.2 per cent year on year, and 2.5 per cent sequentially to Rs 9,478 crore in Q1FY23, but missed estimate of Rs 9,850 crore
Sensex up 303 pts, Nifty tops 16,200; banks, FMCG shine; metals sole losers
CLOSING BELL: L&T, PowerGrid, NTPC, ICICI Bank, DR Reddy's Labs, Axis Bank, Bharti Airtel, and Nestle India were the top large-cap gainers
 "Sensex up 303 pts, Nifty tops 16,200; banks, FMCG shine; metals sole losers")
TCS Q1FY23 results today: How the IT giant performed in last four quarters
TCS's demand commentary could be strong even as margin may be hit due to wage hikes, according to Motilal Oswal
TMSEp211: SpiceJet, Reliance Retail, estimated IT earnings, forex reserve
Can the SpiceJet incident be brushed aside as a blip? What is Reliance Retail's growth strategy? How will TCS Q1 results set the stage for IT earnings? What is a forex reserve? All answers here
 "TMSEp211: SpiceJet, Reliance Retail, estimated IT earnings, forex reserve")
TCS Q1 results to set stage for IT earnings
Tata Consultancy Services is set to announce its June quarter earnings today. Find out what analysts expect from TCS results, and what could be the road ahead for the company.
TCS Q1 revenue may rise up to 16% YoY, say analysts. What brokerages expect
Analysts expect EBIT margin to decline sequentially due to higher retention costs, wage revision, and increased travel costs. They peg margins in the range of 100 to 150 basis points (bps).
TCS bags deal from Outokumpu to transform its IT, cloud business
TCS has been selected by Finnish stainless steel company Outokumpu to transform its IT landscape with an agile and secure cloud-based digital core to reduce its carbon footprint
Ahead of Q1 results: Sell-off in IT stocks not over yet; TCS can fall 14%
Shares of major IT stocks are trading near key support levels, if that breaks a severe downside seems imminent, indicate charts.
 "Ahead of Q1 results: Sell-off in IT stocks not over yet; TCS can fall 14%")
Q1FY23 results: Margin pressure on IT services to remain, focus on outlook
Supply-side issues continue to impact companies
 "Q1FY23 results: Margin pressure on IT services to remain, focus on outlook")
Hiring CEOs becoming difficult after huge pay hike in FY22, says new report
Infosys CEO Salil Parekh saw his total pay jump by 43% to Rs 71.02 crore, the company's annual report showed
 "Hiring CEOs becoming difficult after huge pay hike in FY22, says new report")
Japanese chip maker Renesas Electronics broadens tie-up with Tata group
Inks partnership with Tata Motors and Tejas Networks, plans innovation centre with TCS
 "Japanese chip maker Renesas Electronics broadens tie-up with Tata group")
Mcap of nine of top-10 valued firms jumps Rs 2.51 trn; TCS biggest gainer
Nine of the 10 most valued firms added Rs 2.51 lakh crore to their market valuation last week, with Tata Consultancy Services emerging as the biggest gainer
 "Mcap of nine of top-10 valued firms jumps Rs 2.51 trn; TCS biggest gainer")
India's e-passport rollout to start by end of year: All you need to know
TCS is working on a passport project with the government; earlier this year, the MEA renewed its 10-year Passport Seva Kendra (PSK) deal worth more than Rs 6,000 crore with the firm
 "India's e-passport rollout to start by end of year: All you need to know")
Can an IT sector employee be classified as a workman?
A labour court in Chennai recently asked TCS to reinstate a former employee and clear all his past dues. This could become a reference for performance-related unlawful terminations in the IT industry
 "Can an IT sector employee be classified as a workman?")
TCS bags deal from Aadhar Housing Finance to improve business operations
The partnership with TCS is for an end-to-end business process transformation using the integrated and collaborative blockchain-based cloud platform.