Page 103 - Tcs News Today

Independence Day 2023: Market sentiment remains positive despite recent decline; analysts recommend buying select stocks with one-year horizon. Tata Motors, HDFC Bank, TCS, Hindustan Construction Company (HCC), Grasim Industries, DLF, and Voltas are their top picks for Independence Day 2023.

In August 2021, one sector which had “ buy and strong buy” written all over it was IT or more commonly called software sector. Today, a number of them have “hold” recommendations by analysts. In case of stocks where they have buy recommendations their price targets are very modest, or in a number of cases analysts are expecting that the valuations of IT stock are still high and there is room for further decline in prices, Though they have refrained from giving “ sel...

While overall IT industry hiring has been flat amid lacklustre demand, GCCs continue to hire as they are mostly greenfield projects set up from scratch, industry insiders and experts said.

The digital core is being developed to elevate user experience across finance, order to cash, and supply chain functions, TCS said.

The company will help Lexmark take its Optra platform, which bridges IoT device data with core business systems, to manufacturing and retail clients globally.

The growth forecast cuts in overall US and Europe economies by the same firm is cited as the reason behind the IT sectors revenue deceleration. Fitchs global economic outlook published in June forecasts US real GDP growth to slow to 1.2% and 0.5% in calendar years 2023 and 2024, respectively, from 2.1% in 2022.

US banks reported better-than-expected results in the recent quarter. However, Indian IT companies are not cheering yet.

ICICI Bank, Hindustan Unilever, Infosys and ITC saw erosion in their market valuation while Reliance Industries, Tata Consultancy Services (TCS) and State Bank of India added to their market valuation.

​​​​The world’s top 100 luxury brands generated a revenue of more than $ 300 billion last year, and an increasing number of these companies are spending big on technology — up to 2% of their revenues.

Revenue from $2.1 billion deal to start flowing in from November, may bump up FY24 sales by 1.1%