Page 25 - Tcs

Chart Check: IT stocks decline post Q2 nos. Do they still hold promise?

Most IT stocks have seen sharp correction post Q2 results. However, the medium-term outlook stays bullish as per their respective technical charts.

Infosys' valuation gap with TCS set to narrow further after strong Q2 show

Sharp Q2 outperformance, growth guidance could shrink the discount to 10 per cent from 30% at the start of the year

After TCS, Infosys announces salary hikes as sector overcomes pandemic

Hike will be effective from January 1 next year, quantum to be similar like last year

TCS to recruit 10,000 staff in US by 2022 after demand for services surges

The Mumbai-based company has hired over 21,500 employees in the past five years in the US

IT stks factor in most positives; pay hike, promotion surprising: Analysts

'New era' for IT companies as they do better than other sectors in the coronavirus pandemic.

Buybacks for FY21 cross last yr's tally after announcements from TCS, Wipro

Change in tax structure leads to revival of share repurchase programmes

No change in TCS campus hiring plan despite all-time low attrition

Company to allow candidates to write qualifier test remotely this year

TCS surpasses Accenture to become most-valuable IT services firm globally

At the last closing price of Rs 2,825, TCS was valued at $144.73 billion, (Rs 10.6 trillion), while Accenture is currently at $142.4 billion

We want all our stakeholders to be rewarded post Q2: Tata Consultancy COO

In a Q&A, N Ganapathy Subramaniam explains why his company went for a pay hike in the face of economic concerns brought on by the pandemic

TCS launches 10 cyber threat management centres to keep enterprises secure

To stay close to customers and keep enterprises secure and cyber-resilient while meeting data and cyber-sovereignty regulations, Tata Consultancy Services has operationalised 10 new TMCs

What is share buyback and things to keep in mind before participating in it

Abhimanyu Sofat, Head of research at IIFL Securities discusses things one should keep in mind before participating in the buyback offer. Tune in to know more

MARKET WRAP: Indices rise for 6th day; Sensex up 304 pts, reclaims 40K

All that happened in the markets today

BSE IT index zooms over 1000 points; Mindtree, L&T Infotech rally 11%

At 11:32 am, the S&P BSE IT index, the top gainer among sectoral indices, was up 1,003 points or 4.7 per cent at 22,233 points, as compared to 1.4 per cent rise in the S&P BSE Sensex

TCS surges 5%, hits new high on healthy Q2 results, Rs 16,000 crore buyback

The TCS board has approved a buyback amounting to Rs 16,000 crore; to buy back 53.3 million shares at Rs 3,000 apiece

TCS to roll out salary hikes for all employees, effective October 1

Quantum of raise being worked out as firm becomes the first in IT space to announce pay increase

Wipro to consider share buyback proposal, decision on 13 Oct board meeting

Wipro is the second mega Indian IT services firm to consider a buyback programme after market leader TCS

TCS Q2 PAT down 7% YoY at Rs 7,475 cr; announces Rs 16,000 crore buyback

The company's revenue came in at Rs 40,135 crore, up 2.9 per cent YoY and 4.7 per cent on a quarter-on-quarter (QoQ) basis.

MARKET WRAP: Sensex rises for 5th day, ends 304 pts higher; Titan gains 4%

All that happened in the markets today

TCS makes buyback buzz but other Indian IT firms unlikely to follow suit

Buyback tax provision and steep valuations may deter companies still playing safe in the coronavirus pandemic, say analysts

TCS Q2 preview: Ebit margin to see sharp expansion; buyback details eyed

According to analysts, the IT sector witnessed a good pick-up in demand for digital solutions resulting in improvement in the growth outlook for most of the companies.