Page 37 - Tcs

TCS board mulls share buyback programme, to meet on Friday

The company had bought back 56.14 million equity shares, representing around 3% of its total equity for around Rs 160 billion

TCS expands partnership with M&G Prudential, deal now worth over $1.2 bn

Software services major Tata Consultancy Services (TCS) today said it has expanded its agreement with M&G Prudential, which will expand the deal size to more than USD 1.2 billion. TCS had announced its 10-year partnership with M&G Prudential in January this year, which was worth USD 690 million. Under the deal, the administration of over four million life and pensions contracts were moved from Capita (Prudential's previous partner) to TCS' Diligenta. "The agreement has now been expanded to cover an additional 1.8 million customer policies which will move from M&G Prudential to TCS, bringing the total number of policies covered by the partnership to 5.8 million, and is worth an additional 500 million pounds (USD 668 million) over the term of the contract," TCS said in a statement today. Around 400 roles from M&G Prudential across a number of UK sites are expected to be transferred under the TUPE (transfer of undertakings) arrangements to the TCS' UK subsidiary, it ...

TCS is bunching its $7 bn cash reserves to drive payouts to shareholders

The company's cash-distribution plan is one of the primary drivers of its investment strategy rather than returns maximization, Gopinathan said

TCS market cap crosses Rs 7-trillion mark; stock hits new high of Rs 3,674

TCS market-cap hit Rs 7.03-trillion after the stock hit new high of Rs 3,674 on the BSE in intra-day trade.

TCS hits record high after fixing record date for 1:1 bonus issue

The stock hit record high of Rs 3,585, up 2.4% after the company has fixed June 2, 2018 as the record date for determining the entitlement of members to receive bonus shares in the ratio of 1:1.

TCS soaring m-cap: Tata Sons to benefit as IT firm enters $100-bn club

Some of the immediate financial needs that face the company include repaying the debt of Tata Teleservices before it is merged with Bharti Airtel

TCS market cap breaches $100 billion mark, ahead of rival Accenture

TCS' market value on a closing basis slipped to $98.1 billion, it is still more valuable than its US-listed rival Accenture

700% rally in 10 years and $100-bn m-cap, but TCS still lags among IT peers

TCS hit record of Rs 3,557 on the NSE in the intra - day deal, pushing market captialisation above the $100 billion mark. TCS stock still lags behind its peers in IT sector

TCS bets on Business 4.0 to push digital revenue to over $5 bn this year

TCS CEO and Managing Director Rajesh Gopinathan said Business 4.0 is thought leadership framework to help customers leverage digital technologies to address their growth and transformation agendas

Tata Sons sells 1.5% stake in TCS; stock falls 6%

The stock dipped 6% to Rs 2,872 on the National Stock Exchange after the promoter Tata Sons sold around 1.5% stake in information technology (IT) major through block deals

Investing in TCS? Street may be ignoring these three near-term headwinds

BFSI weakness, likely higher US tax rates and a strong rupee do not justify the stock's peak valuations

TCS wins $690 mn deal with UK's M&G Prudential; second deal this year

Firm is market leader in processing insurance policies in UK, has entered US with Transamerica deal

TCS trades lower on profit booking post Q3 results

In past four weeks, TCS had outperformed the market by gaining 9% as compared to 3.8% rise in the Nifty 50 index till Thursday.

TCS sees business in digital consolidation

The IT giant has been re-branding itself as a digital-first technology service provider

Nielsen renews $2.25 billion TCS contract

The two companies had struck a 10-year deal in 2008 for $1.2 billion, which was expanded to $2.5 billion in 2013

Deal sizes in digital are increasing: N Ganapathy Subramaniam, COO, TCS

N GANAPATHY SUBRAMANIAM, chief operating officer at Tata Consultancy Services, talks to Romita Majumdar & Ayan Pramanik. Edited excerpts:You have fairly met expectations. Is this what is going to happen in the future -- lower growth but companies will meet expectations? We are very proud of what we did in a market where there are a lot of uncertainties. A bit lower than what analysts predicted. Of the 170 basis points (bps) movement, a significant movement (120 bps) came out of operational efficiencies and 50 bps due to the currency (movement). The deal signings have been good, client metrics have been good. Overall, a very satisfactory quarter, both in terms of growth and efficiencies. Two verticals -- BFSI (banking, financial services and insurance) and retail -- typically spend a lot on technology. In the retail front, there are sectoral weaknesses. In our client base perspective, we have bottomed out and from here on, should see an uptick, barring some bankruptcies and some ...

TCS trades firm ahead of Q2 results

The stock was up 2% at Rs 2,510 on the BSE in otherwise subdued market ahead of July-September quarter results on Thursday, October 12, 2017.

US court trims penalty on TCS to $420 mn in IP theft case

TCS said the order will not have any impact on second quarter financial results expected on October 12

TCS' iON takes digital learning marketplace abroad

TCS expects the iON business to generate $1 billion in revenue

TCS to add capacity for 3,000 employees in Bhubaneswar unit

IT behemoth Tata Consultancy Services (TCS) plans to add capacity for an additional 3000 employees at its TCS Kalinga Park SEZ in Bhubaneswar."The civil structure for third phase is ready. It will add a capacity of 3000 employees. There is only need to develop the internal infrastructure", said Manoj Kumar Panda, Centre Head, TCS Kalinga Park IT/ITes SEZ.The Kalinga Park campus developed over 45 acres of land is an addition to the company's unique Global Network Delivery Model (GNDM). Now, it has an operational capacity with 4500 seats. In 2015, chief minister Naveen Patnaik had inaugurated the Phase II of the TCS Kalinga Park.The SEZ campus of the IT behemoth now employs 3200 people and has positioned itself as a major exporter in the IT sector of Odisha. The IT major had exported about Rs 550 crore in the last financial year.TCS, which has been operating in Odisha since 1999, has also taken up the activities of the product developments and testing here. It is serving about 150 ...