Page 6 - Tata Consultancy Services

Tech stocks drag Indian shares lower; Infosys hits 8-month low

The NSE Nifty 50 index fell 1.89% to 17,142.50, as of 0445 GMT, while the S&P BSE Sensex slid 2.15% to 57,089.44

Tata Consultancy Services remains the prime cash cow for Tata Sons

Tata Sons has also taken shareholder approval to raise Rs 40,000 crore of debt

Attrition at TCS touches record high; it may get worse, warns management

Despite high employee additions and supply-side challenges, the management reiterated that it aspires to have a margin in the range of 26-28%

TCS gains 1% in a weak market on strong demand outlook

The demand outlook continues to be strong as clients continue to spend on cloud transformation programs.

TCS revenue crosses Rs 50,000 crore; sees record order book in Q4

The company's operating margins came in at 25.3 per cent for FY22 and 25 per cent for Q4

TCS attrition continues to inch up; firm to hire 40,000 in Q1FY23

Attrition rate was 17.4% in Q4FY22; lower than peers, higher than firm's own rate a year ago

Tata Motors, Tata Elxsi, Tata Consumer: Strategies for Tata group stocks

Among the pack, Tata Motors seems to be a slow mover, as the stock may see an upside of 8 per cent on crossing the major hurdles.

TCS concludes Rs 18,000-cr buyback; Tata Sons could rake in Rs 13k cr

Over 301 million shares tendered in buyback-8.5 times the company intended to repurchase. Attractive buyback price lured investors into tendering their shares, say experts

TCS Rs 18,000 cr buyback subscribed 7.5x, with 300 mn shares tendered

Acceptance ratio is lower than previous buybacks done by the firm

TCS Rs 18,000 crore buyback subscribed 5.5 times a day before close

Tata group flagship firm is buying back 40 mn shares, or 1.08% of its equity at Rs 4,500 a share. That's a premium of over 21% to CMP

TCS re-appoints Rajesh Gopinathan as MD and CEO for five years

Under Gopinathan's leadership, TCS says it strengthened its position with the revenues increasing from $17.6 bn in financial year ended Mar 31, 2017 to $22.2 bn in financial year ended Mar 31, 2021

TCS bags multi-year contract from Australia's Western Power

Under the multi-year partnership, TCS has been selected as the primary systems integrator across multiple domains including asset management and network operations

Tata Consultancy Services' $50-billion goal below its growth standards

To reach its targeted revenue of $50 billion by the end of 2029-30, the company will need to grow at a CAGR of 8.9 per cent over the next eight years to achieve that goal

TCS' Rs 18,000-crore buyback opens today; should investors tender shares?

The mega Rs 18,000-crore buyback by IT giant Tata Consultancy Services (TCS) opens today and will run till March 23

TCS plans re-structuring; aims to achieve $50 bn revenue by 2030

TCS is planning to revamp the organisation structure to align with customers more closely, as it aims to achieve USD 50 billion (about Rs 3.89 lakh crore) revenue by 2030

TCS plans overhaul with aim to double revenue to $50 bn before 2030

The Mumbai-based company will create four internal teams in order to double its revenues, according to people familiar

TCS elevates Muthuswami as North America chairman, rejigs several key posts

He will take charge from TCS North America chairman Surya Kant, who will retire at the end of the current financial year after a stint of 43 years at the firm

TCS tweaks leadership, Suresh Muthuswami made chairman, North America

Surya Kant, who has been at the helm of TCS North America and has spent 43 years at TCS, retires at the end of the fiscal year

Tata Consultancy Services launches digital innovation centre in Sydney

The TCS Sydney Digital Garage provides access to the company's global ecosystem of academia, start-ups, and technology providers

Next 5 years will define Rajesh Gopinathan's legacy at TCS: Analysts

The company has successfully pivoted to a digital business without an inorganic play, putting digital at the heart of strategy