Tcs

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TCS all set to acquire Deutsche Bank's IT business by end of 2020
Business

TCS all set to acquire Deutsche Bank's IT business by end of 2020

Deutsche Bank has on Monday (9 November) announced an agreement concerning the sale of Postbank Systems AG to and Tata Consultancy Services (TCS) Ltd.

TCS announces Rs 16,000-cr buyback plan, net profit up 4.9% at Rs 8,433 cr in  Sep quarter
Business

TCS announces Rs 16,000-cr buyback plan, net profit up 4.9% at Rs 8,433 cr in Sep quarter

The net profit, however, excluded Rs 1,218 crore-provision towards a legal claim, the company said in a regulatory filing

TCS Board to consider share buyback proposal, second interim dividend in meeting on 7 October
Business

TCS Board to consider share buyback proposal, second interim dividend in meeting on 7 October

In 2018, the Mumbai-based company had undertaken a share buyback programme worth up to Rs 16,000 crore

Shares hold on gains for fifth straight session; Kotak Mahindra Bank shares offset impact of Moody's ratings cut
Business

Shares hold on gains for fifth straight session; Kotak Mahindra Bank shares offset impact of Moody's ratings cut

Kotak Mahindra Bank was the top gainer in the Sensex pack, rising around 7 percent, followed by M&M, Sun Pharma, Hero MotoCorp, Bajaj Finance, Tata Steel, Bharti Airtel and HCL Tech.

Govt's unlock Phase 1.0 enthuses markets: Sensex soars 879 points, Nifty jumps to 9,800-level; Bajaj Finance top gainer at around 11%
Business

Govt's unlock Phase 1.0 enthuses markets: Sensex soars 879 points, Nifty jumps to 9,800-level; Bajaj Finance top gainer at around 11%

The Sensex surged driven by gains in Reliance Industries, HDFC twins and TCS as investor optimism heightened after the government began the process of unlocking the economy.

India's most valuable companies likely to lose $25 bn of brand value as COVID-19 pandemic wreak havoc: Brand Finance report
Business

India's most valuable companies likely to lose $25 bn of brand value as COVID-19 pandemic wreak havoc: Brand Finance report

Brand Finance has assessed the impact of COVID-19 based on the effect of the outbreak on enterprise value, compared to what it was on 1 January 2020

Sensex rebounds 224 points from day's low, Nifty at 9,580; ONGC top gainer, jumps over 5%
Business

Sensex rebounds 224 points from day's low, Nifty at 9,580; ONGC top gainer, jumps over 5%

Sensex jumped 224 points on Friday, driven by gains in HDFC, ITC and HUL despite weak cues from global markets.

Markets open weak: Sensex drops over 300 points, Nifty tests 9,400-level in early trade ahead of GDP data; Rupee up
Business

Markets open weak: Sensex drops over 300 points, Nifty tests 9,400-level in early trade ahead of GDP data; Rupee up

Sensex tumbled over 300 points in early trade on Friday dragged by losses in HDFC Bank, Infosys, TCS and Reliance Industries amid weak cues from global markets.

Sensex jumps over 200 points, NSE above 9,390-level in opening trade; RIL, ICICI Bank, HDFC among early gainers
Business

Sensex jumps over 200 points, NSE above 9,390-level in opening trade; RIL, ICICI Bank, HDFC among early gainers

ONGC was the top gainer in the Sensex pack, rising around 3 percent, followed by Tata Steel, L&T, HDFC Bank, ICICI Bank, IndusInd Bank and Axis Bank. On the other hand, M&M, ITC, Infosys, Bajaj Auto, TCS and HCL Tech were among the laggards

Four of top 10 companies add Rs 1.12 lakh cr in market cap last week; Tata Consultancy Services tops the chart
Business

Four of top 10 companies add Rs 1.12 lakh cr in market cap last week; Tata Consultancy Services tops the chart

The market valuation of Tata Consultancy Services zoomed Rs 47,148.71 crore to Rs 7,57,587.71 crore, the biggest rise among the top-10 firms.

Tata Group firms trim payments of top executives for first time in company's history as lockdowns hit business, revenue
Business

Tata Group firms trim payments of top executives for first time in company's history as lockdowns hit business, revenue

The compensation of CEOs and managing directors (MDs) of Tata Steel, Tata Motors, Tata Power, Trent, Tata International, Tata Capital and Voltas, among others, will be cut the report said citing company executives.

DMart retail chain owner Avenue Supermarts becomes 11th most valued Indian firm by market cap
Business

DMart retail chain owner Avenue Supermarts becomes 11th most valued Indian firm by market cap

Avenue Supermarts, which owns and operates retail chain DMart, on Wednesday became the 11th most valued Indian firm by market valuation following a rally in its share price

Coronavirus Outbreak: TCS well-positioned to weather this storm, take advantage of opportunities in downturn, says chairman N Chandrasekaran
Business

Coronavirus Outbreak: TCS well-positioned to weather this storm, take advantage of opportunities in downturn, says chairman N Chandrasekaran

The next few months will be difficult for enterprises globally but Tata Consultancy Services (TCS) is well-positioned to weather the storms and take advantage of opportunities that come up during the downturn, TCS Chairman N Chandrasekaran has said

COVID-19 impact: TCS CEO Rajesh Gopinathan's pay package reduces 16% to Rs 13 cr in FY20 from Rs 16 cr in FY19
Business

COVID-19 impact: TCS CEO Rajesh Gopinathan's pay package reduces 16% to Rs 13 cr in FY20 from Rs 16 cr in FY19

Pay package of Tata Consultancy Services CEO and MD Rajesh Gopinathan shrank more than 16 percent to Rs 13.3 crore in 2019-20 compared to the previous fiscal, according to the company's annual report

Sensex crashes over 1,000 points, Nifty plunges 314 points on lockdown extension, mega economic package; bank, auto stocks worst-hit
Business

Sensex crashes over 1,000 points, Nifty plunges 314 points on lockdown extension, mega economic package; bank, auto stocks worst-hit

The Sensex ended 1,068.75 points or 3.44 percent lower at 30,028.98, while the broader NSE Nifty plunged 313.60 points or 3.43 percent to 8,823.25.

Sensex plunges over 800 points, Nifty slumps 227 points in early trade as economic package fails to impress
Business

Sensex plunges over 800 points, Nifty slumps 227 points in early trade as economic package fails to impress

After hitting a low of 30,265.67, the Sensex was trading 731.91 points or 2.35 percent lower at 30,365.82. Similarly, NSE Nifty slumped 226.90 points, or 2.48 percent, to 8,909.95.

Markets open in red: Sensex nosedives over 1,500 points, Nifty plunges below 9,500-level; Rupee tanks in early trade
Business

Markets open in red: Sensex nosedives over 1,500 points, Nifty plunges below 9,500-level; Rupee tanks in early trade

The Sensex was trading 1,513.68 points or 4.49 percent lower at 32,203.94, and the NSE Nifty plunged 425.70 points, or 4.32 percent, to 9,434.20

Five of top-10 firms add Rs 1.63 lakh cr in market capitalisation; Reliance Industries sparkles
Sports

Five of top-10 firms add Rs 1.63 lakh cr in market capitalisation; Reliance Industries sparkles

The market cap of Reliance Industries Ltd (RIL) zoomed Rs 1,21,904.63 crore to Rs 8,98,499.89 crore.

Coronavirus Outbreak: IT sector revenue growth may hit decadal low due to COVID-19, says CRISIL
Business

Coronavirus Outbreak: IT sector revenue growth may hit decadal low due to COVID-19, says CRISIL

The Indian IT sector is staring at a revenue growth sliding to a decadal low of up to 2 percent and an impact on profitability owing to narrowing of margins due to the COVID-19 pandemic, a report said on Friday