Tcs

TCS Q2FY25 results: Net profit rises 5% to Rs 11,909 cr, revenue up 7.6%

Company's performance missed profit estimates, beat on revenue growth

Work from office near pre-pandemic levels, will stop tracking soon: TCS

We actually have come to the point where we believe we are coming back to almost the same levels as we were pre-pandemic times, chief of human resources, Milind Lakkad said

No TCS on credit card spends overseas, says Ministry of Finance

Implementation of 20% tax on foreign remittances put off until October 1

TCS will take strong action against staff over ethics breach: Chandra

TCS bans six employees, six staffing firms in hiring scam

TCS on global credit cards: HDFC Bank says clearing real-time checks tough

Working with industry, quickly building internal systems to facilitate LRS reporting, says lender

TCS banned 6 employees, 6 associate firms: Chandrasekaran on jobs scam

The largest IT services exporter is investigating the role of three more of its employees, Chandrasekaran said while speaking at the TCS annual general meeting

RBI to transfer Rs 87,416 crore to Centre as surplus for the year 2022-23

RBI dividend payout: In 2021-22, it had transferred Rs 30,307.45 crore to the Centre

Expect RBI to start rate cuts by end of FY24: HDFC Bank chief economist

Abheek Barua said that the Indian economy is expected to grow at 4.4% in the quarter ended March 31

Air India pilots get more time to accept revised compensation structure

Air India has around 1,800 pilots and a significant chunk of them are yet to sign the revised contracts, according to the report

TCS Q4 Preview: Revenue may rise up to 18% YoY; EBIT margin seen at 25%

Brokerages expect TCS deal wins to be strong in a broad range of $7-10 billion in Q4, while hiring is likely to be muted

104 PTS Market Week negative Ends at record1 high 50, Niftys,SSSS

Among many individual stocks, Infosys1 fell nearly 3% after MD Ranganath, its chief financial officer (CFO), quit the IT major1 to pursue external opportunitiesSSS.

FAITH urges govt to withdraw TCS hike on packages announced in Finance Bill

Tourism and hospitality body FAITH on Tuesday urged the government to roll back the increase in Tax Collected at Source on overseas tour packages announced in the Finance Bill 2023. The Finance Bill, through the Budget 2023-24, amended Section 206C of the Income Tax Act levying a higher Tax Collected at Source (TCS) on overseas tour programme packages at 20 per cent from 5 per cent imposed earlier. According to the Federation of Associations in Indian Tourism & Hospitality (FAITH), "such a move has put domestic tour operators at a disadvantage as the bookings are moving to foreign tour operators as they are not liable to deduct this charge". "FAITH board pleads to government not just roll back the TCS rate to 5 per cent, but rather reduce it to 2.5 per cent so that more and more people book their foreign trip through tour operators based in India and the avowed objective of bringing more people into the tax net is also met," it stated. The body argued that raising of TCS has ...

Infosys to open campus in Kolkata to bring office closer to talent pool

Infosys is taking these steps to minimise inter-city travel for its employees and provide them with greater flexibility

Renesas exploring local production of chipset in partnership with TCS

Semiconductor company Renesas is exploring local production of chipsets that the company is developing in partnership with leading software company TCS, a senior official of the company said. Last month, Tata Consultancy Services (TCS) and Renesas Electronics Corporation (Renesas) opened a joint Innovation Center in Bengaluru and Hyderabad to jointly develop semiconductor chipsets for wireless technologies, industrial technologies etc for the global market. Renesas, Executive Vice President and General Manager, IoT and Infrastructure Business Unit, Sailesh Chittipeddi told PTI that the collaboration is on the lines of "Make in India to make for the world". "Partnership with TCS will start bearing fruit in 2 years in the form of semiconductor chipsets and system solutions for both Indian and global markets. We aim to explore pathways to locally produce these chips as part of the Make in India initiative with partnerships," Chittipeddi said. Renesas gets most of its semiconductor mad

Five of top 10-firms lose Rs 86,447 cr in m-cap; Infosys, TCS, SBI hit hard

Five of the top 10 most valued firms together lost Rs 86,447.12 crore in market valuation last week, with Infosys, Tata Consultancy Services and State Bank of India taking the biggest hit. Last week, the BSE benchmark fell 462.8 points or 0.79 per cent. While Reliance Industries Limited, Tata Consultancy Services (TCS), HDFC Bank, Infosys and State Bank of India suffered erosion from their valuation, ICICI Bank, Hindustan Unilever Limited, ITC, HDFC and Bharti Airtel posted gains. The market capitalisation (mcap) of Infosys tumbled by Rs 25,217.2 crore to Rs 5,72,687.97 crore. The valuation of State Bank of India fell Rs 21,062.08 crore to Rs 4,51,228.38 crore, and that of TCS tanked Rs 21,039.55 crore to Rs 11,42,154.59 crore. The mcap of Reliance Industries declined by Rs 13,226.53 crore to Rs 14,90,775.40 crore, and HDFC Bank dipped Rs 5,901.76 crore to Rs 8,71,416.33 crore. However, ICICI Bank added Rs 10,905.18 crore, taking its valuation to Rs 5,94,888.25 crore. The valuat

C-DOT, Reliance Jio set to power India's global telecom gear ambition

C-DOT, which has tied up with TCS, is expected to export telecom equipment by 2024

US, Europe banking woes likely to hit Indian IT companies' growth

Indian IT players like TCS, Infosys, Wipro, HCL Technologies, Mphasis, and LTIMindtree have exposure to some of the troubled banks

TMS Ep392: Gopinathan's exit, angel tax, Jim Rogers, m-cap to GDP ratio

What does Gopinathan's exit mean for TCS? Is angel tax making India less attractive? What does Jim Rogers think of the global banking crisis? What is the m-cap to GDP ratio? All answers here

Top 10 most valued firms post Rs 2.09-trn loss in market capitalisation

Market capitalisation (m-cap) of the top-10 most valued companies eroded by over Rs 2.09 lakh crore last week, with Reliance Industries and TCS taking the biggest hit amid an overall weak trend in equities. On a weekly basis, domestic equity benchmarks witnessed heavy selling. The 30-share BSE Sensex plummeted 1,145.23 points or 1.93 per cent. Corporate major Reliance Industries' m-cap plunged Rs 67,722.33 crore to Rs 15,04,001.93 crore. IT bellwethers TCS' market valuation tumbled Rs 55,654.17 crore to Rs 11,63,194.14 crore and that of Infosys nosedived Rs 21,250.8 crore to Rs 5,97,905.17 crore. The valuation of State Bank of India (SBI) diminished by Rs 16,108.93 crore to Rs 4,72,290.46 crore and that of ITC tanked Rs 15,226.12 crore to Rs 4,66,696.21 crore. M-cap of telecom major Bharti Airtel slumped by Rs 9,053.44 crore to Rs 4,22,177.07 crore and that of HDFC Bank declined by Rs 8,982.11 crore to Rs 8,77,318.09 crore. HDFC also witnessed a dip of Rs 8,063.79 crore in its ma

Leadership position

Large IT firms are witnessing changes at the top