Page 8 - Tcs

Stocks to Watch, May 8: Britannia, Coal India, Dabur, Voltas, RIL, L&T, PNB

Stocks to Watch on May 8, 2025: Here is a list of stocks that will be on investors' and traders' radar on Thursday, May 8, 2025

TCS leases Hyderabad commercial space for Rs 4.37 crore a month

The 15-year lease covers 10.2 lakh sq ft at Rs 43 per sq ft with a rent hike of 12 per cent every three years and a deposit of Rs 26.2 crore paid upfront

TCS pays 100% quarterly variable allowance to over 70% of employees

Tata Consultancy Services has paid out 100 per cent cent of the Quarterly Variable Allowance (QVA) to more than 70 per cent of its workforce for the January -March quarter. The company clarified that for employees in other grades, the QVA payout is determined by the performance of their respective business units, which is consistent with TCS's established policy across quarters. "We have paid out 100 per cent QVA to over 70 per cent of the company. For all other grades, the QVA depends on their unit's business performance. This is in line with our standard practice across quarters," TCS said in a statement. TCS (Tata Consultancy Services) reported a 1.7 per cent decline in the March quarter net profit to Rs 12,224 crore, driven largely by a margin contraction. It logged a total revenue of Rs 64,479 crore in Q4 FY25, up 5.3 per cent over the year-ago period. The company added 625 employees in the quarter, bringing its total workforce to over 6 lakh. While announcing its Q4 and FY2

IBM, TCS, Andhra tie up to deploy India's largest quantum computer

The tech park will be anchored by an IBM Quantum System Two installation, with a 156-qubit Heron quantum processor, the largest quantum computer in India

May 2025: Key finance updates that could affect your wallet every day

New interest rates on fixed deposits come in; PF withdrawals become easier

May 2025 tax filing & compliance deadlines: What's due, when, and by whom

From TDS/TCS filings to Form 61A/B submissions: know what's due, when, and who must act. Stay compliant to avoid penalties

AI is about skill transformation, not job loss: TCS Global AI head

Artificial Intelligence (AI) will spur creation of new technologies, reshaping the nature of work, Ashok Krish, Global Head of AI at TCS, said, emphasising that it should be viewed as a catalyst for skills transformation, not seen through the lens of threat to jobs. Krish told PTI in an interview true high-value implementations are happening in companies that see AI not as an IT project but as a board-level transformation priority. AI, he said, is not just a technological shift, rather a cultural transformation that requires changing how people work alongside such implementations. The last three decades have witnessed repeated waves of disruptive technologies -- from mainframes to the internet, to e-commerce, digital, and cloud, each shift sparking fears and, at times, "scaremongering" about future prospects. Looking at the broader trend, he said, AI is just the next evolution, one that will ultimately lead to more technology being built, as it simplifies the entire process. "So I

Mcap of 6 top valued firms soars by Rs 1.18 trn, TCS biggest winner

The combined market valuation of six of the top-10 valued firms soared by Rs 1,18,626.24 crore last week, with Tata Consultancy Services stealing the show with maximum gains. Last week, the BSE benchmark gauge climbed 659.33 points or 0.83 per cent, and the NSE Nifty went up by 187.7 points or 0.78 per cent. Reliance Industries Ltd, HDFC Bank, Tata Consultancy Services (TCS), State Bank of India, Infosys and ITC were the winners, while Bharti Airtel, ICICI Bank, Bajaj Finance and Hindustan Unilever took a hit in their valuation. The market valuation of TCS surged by Rs 53,692.42 crore to Rs 12,47,281.40 crore, the most among the top 10 firms. Reliance Industries added Rs 34,507.55 crore taking its valuation to Rs 17,59,276.14 crore. The market valuation of Infosys jumped Rs 24,919.58 crore to Rs 6,14,766.06 crore and that of HDFC Bank rallied by Rs 2,907.85 crore to Rs 14,61,842.17 crore. State Bank of India's market capitalisation (mcap) climbed Rs 1,472.57 crore to Rs 7,12,854.

'No bulk hiring anytime soon' as IT companies navigate tricky ground

TCS and Infosys did most of the net hiring in the last financial year, followed by Tech Mahindra while Wipro added very few people

1% TCS on luxury goods: FAQs, items covered under it & what experts say

'It could be counterproductive. PAN details were already required for purchases above Rs 2 lakh. TCS may discourage consumers, hurt GST collections from formal retailers, while benefiting grey market'

Software services giant TCS launches three India-focused offerings

The TCS SovereignSecure Cloud offers dedicated infrastructure that is designed to enable compliance with the Digital Personal Data Protection Act of 2023 and has AI integrated into its foundation

TCS sees strong tech growth in India, Brazil and other key markets

Some short-term headwinds notwithstanding, there is a sense of optimism in India, Brazil and other 'growth markets' around tech adoption and transformation opportunities, a senior executive of Tata Consultancy Services (TCS) said on Thursday. The company continues to be upbeat about potential of the domestic market itself and is doubling down on its focus on India, where a combination of favourable factors including economic growth, innovation drive, favourable demography are all coming together at this points of time, Girish Ramachandran, TCS' President - Growth Markets, told PTI. "...there has been a sense of optimism around all the markets that I go to. Yes, there will be headwinds in the short term but overall if you look at most markets, whether it is Brazil, whether Saudi Arabia, whether it is India, whether it is Asia Pacific, there is a sense of optimism and most markets tend to do well in terms of the GDP growth, so overall I do think that from 'growth market' point of view,

TCS launches SovereignSecure Cloud for govt, public sector enterprises

IT services behemoth TCS on Thursday announced three power-packed, India-focused offerings including an indigenous and secure cloud for government and public sector enterprises, aimed at strengthening the country's data sovereignty and accelerating AI capabilities. TCS SovereignSecure Cloud is engineered to keep sensitive data within India's borders, leveraging the company's data centres in availability zones of Mumbai and Hyderabad. The Tata Group company also introduced TCS DigiBOLT, an AI-enabled low-code platform, and its globally-recognised Cyber Defense Suite in India, that the company said would empower enterprises to fast-track their digital innovation and cyber resilience. The line-up of offerings include SovereignSecure Cloud - a first-of-its-kind, indigenous and secure cloud for government and public sector enterprises, that strengthens India's data sovereignty and accelerates its AI capabilities. This cloud comes with integrated AI capabilities to support government ...

Watches, art, bags, sportswear over Rs 10 lakh? Say hello to 1% TCS

If you're planning a big-ticket luxury buy, check if it falls under the new TCS list. Keep the invoice, PAN details, and TCS certificate handy for smooth tax filing.

ICICI Securities partners with TCS to upgrade retail trading platform

The collaboration will allow ICICI Securities to provide customers with an intuitive, state-of-the-art trading and wealth creation experience tailored to evolving market demands

Retail, travel clients more exposed to US tariffs turmoil, says TCS CEO

The banking and financial services sector - which makes up nearly a third of revenue for India's biggest software exporter - remains unaffected, said the CEO

US agency probes bias claims against TCS on race, age, national origin

An EEOC spokesperson, citing federal law, said the agency cannot comment on investigations. Complaints, or charges, made to the EEOC are confidential under federal law.

IT major Infosys to hire 20,000 fresh engineering graduates in FY26

It remains to be seen how this hiring will pan out, which will largely depend on project ramp-ups and more deal inflows. Any further deterioration may force the companies to proceed with caution

TCS partners with AI firm Vianai Systems, founded by Vishal Sikka

TCS will customise the hila platform to meet the specific needs of financial institutions and other key sectors

Andhra allots 21.16 acres to TCS in Vizag for 99 paise to boost IT hub

According to sources, the discussion between the state and the company started in October 2024, when IT minister Nara Lokesh visited Tata House and made a strong pitch