Page 117 - Tcs News Today

I think we are seeing some sort of a revival in that sense in order bookings for IT companies. So when you talk about results for TCS, I think what we clearly saw that while the results were somewhat muted or moderate in terms of revenue growth but the TCV, the total contract value, was very strong at $10 billion plus.

Trading at a market value of about $151 billion or Rs 12.38 lakh crore, HDFC Bank is now the worlds seventh largest lender bigger than the likes of giants like Morgan Stanley and Bank of China. HDFC Bank is behind JPMorgan ($438 billion), Bank of America (232 bn), Chinas ICBC ($224 bn), Agricultural Bank of China ($171 bn), Wells Fargo ($163 bn) and HSBC ($160 bn).

Generative artificial intelligence (AI) has stunned companies and commoners alike with its abilities. But with public attention comes regulatory scrutiny. Experts say that Indias new data protection bill may be tough for platforms like ChatGPT and Googles Bard. This and more in todays ETtech Morning Dispatch.

Shares of Adani Enterprises rallied around 3% after the Maharashtra government gave its nod to Dharavi Redevelopment Project to Adani Group. Adani Ports, Apollo Hospitals and Dr Reddys Lab were among the top gainers in Nifty while losses in ONGC, TCS, and HDFC Bank limited the downside.

Though Nifty Bank saw a new peak earlier than Nifty 50, the moves since then, had hardly evoked confidence or reflected a secular bull run that was widely expected.

The CEO of Springworks, an HR-tech startup, posted on Twitter there has been huge interest in the jobs posted on just its website, wondering if the IT job market is very bad. Some users agreed while some said the huge interest could be due to permanent remote positions.

Reliance Industries and Tata Consultancy Services led the pack among the top-10 most valued Indian companies, adding a combined Rs 2,03,010.73 crore ($27.5bn) in market valuation last week, mainly due to gains in equity markets. The value of Reliance Industries rose to Rs 18,53,033.73 crore last week, while TCS

When a user wants to play a game like a fantasy sports competition or card games like rummy or poker, where they stand to win real money based on the outcome, they first deposit a contest entry amount (CEA). From this, prior to creating a pool that will be passed on to the winner, the platform deducts its fee — typically between 8-15%. This is called the gross gaming revenue (GGR).

Gaming companies are learnt to be discussing the course of action and deciding on the key clarifications they need from the government before approaching the finance ministry. Companies had been expecting the tax to be levied on the gross gaming revenue (GGR), the platform fee that they charge for facilitating the games.

“The IT sector has witnessed a strong comeback, with the index gaining about 4.5% this week. If we look at large cap stocks like TCS and Infosys, theyve managed to break out in their near-term chart structures. Interestingly, midcap IT stocks are showing even better performance than large caps.”