Page 10 - Tcs
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.
Top 10 firms lose Rs 3.91 trillion in m-cap; TCS, RIL biggest laggards
Past week, the BSE Sensex plunged 2,943.02 points or 5.42%, while the NSE Nifty declined 908.30 points or 5.61%
 "Top 10 firms lose Rs 3.91 trillion in m-cap; TCS, RIL biggest laggards")
BSE IT index tanks 11% so far in June; TCS, Infosys, Wipro hit 52-week low
Fears of a recession in the US grew after Federal Reserve's biggest rate hike in nearly three decades, followed by Swiss National Bank raising its policy interest rate for the first time in 15 years.
 "BSE IT index tanks 11% so far in June; TCS, Infosys, Wipro hit 52-week low")
At Rs 79.8 crore, Wipro CEO Delaporte highest paid in Indian IT sector
The Wipro CEO's package in FY22 was Rs 79.8 crore while the Infosys CEO, Salil Parekh drew Rs 71 crore, and the TCS CEO & MD, Rajesh Gopinathan drew 25.8 crore
 "At Rs 79.8 crore, Wipro CEO Delaporte highest paid in Indian IT sector")
A lot has changed since decades-old IT Act: Chandrasekaran at TCS AGM
Tata Sons chairman says Digital India Act need of the hour
 "A lot has changed since decades-old IT Act: Chandrasekaran at TCS AGM")
Four of top-10 firms add Rs 2.31 trn in m-cap; Reliance lead gainer
The valuation of Reliance Industries jumped Rs 1,38,222.46 crore to reach Rs 18,80,350.47 crore
 "Four of top-10 firms add Rs 2.31 trn in m-cap; Reliance lead gainer")
Infosys, TCS, Wipro: Is the fall in information technology stocks overdone?
In the last few weeks alone, analysts at JP Morgan, Kotak Institutional Equities and Nomura had sounded caution on the IT sector, suggesting that the heydays may be over, at least for now
 "Infosys, TCS, Wipro: Is the fall in information technology stocks overdone?")
Our biz is only B2B, we may get into B2C: N Ganapathy Subramaniam of TCS
In a Q&A, the COO of India's top IT services firm speaks about the company's wish list beyond numbers, concerns on slowing growth commentary from brokerages that has pulled the stock down
 "Our biz is only B2B, we may get into B2C: N Ganapathy Subramaniam of TCS")
Tech funds run into rough weather in CY22, IT firms' stocks do well
Indian IT services sector is expected to benefit from digital transformation, particularly aided by cloud adoption.
 "Tech funds run into rough weather in CY22, IT firms' stocks do well")
File ITR to avoid TDS/TCS deduction at higher rate, say analysts
The CBDT has issued a circular pertaining to Sections 206AB and 206CCA of the I-T Act, which provide details regarding people to whom higher TDS/TCS rates should apply
 "File ITR to avoid TDS/TCS deduction at higher rate, say analysts")
TCS CEO Gopinathan's salary up 26.6% in FY22, firm rejigs business groups
Average annual salary increase for TCS employees was in the range of 5-8 percent in India, says annual report.
In struggle to get employees back to office; companies tread cautiously
In some small companies and mid-cap IT services, 20-30 per cent of people are already back in office, especially in areas where heavy engineering and design concepts are required
 "In struggle to get employees back to office; companies tread cautiously")
Chart check: Here's why Mehul Kothari recommends buying Axis Bank, TCS
According to the technical analyst from Anand Rathi, one can accumulate Axis Bank in the range of Rs 663 - 657 with a stop at Rs 630.
 "Chart check: Here's why Mehul Kothari recommends buying Axis Bank, TCS")
Second innovation hub in US to strengthen TCS lead position in market
Firm hires over 7,000 in the US in FY22; numbers may go up in FY23
