Page 119 - Tcs News Today

The impact of PAN-Aadhaar linking was primarily focused on domestic income taxpayers and did not directly apply to international taxpayers. Nevertheless, the issue of inactive PAN cards has caused significant turmoil, resulting in the freezing of investments and the inability of NRIs to file their income tax returns.

India Business News: TCS had a lacklustre start to the year putting a lid on its double-digit growth target this fiscal.

HCL Tech has maintained its revenue growth guidance for FY24 at 6-8 per cent YoY in CC terms. It sees EBIT margin in the range of 18-19 per cent, the same as before.

Indian IT firms TCS, HCL Technologies, and Wipro have reported mixed Q1FY24 results, with cautious guidance for the future. Brokerage firms have varying verdicts on these stocks.

But both TCS and Wipro recently said that large deal momentum was mostly intact, boosting hopes of growth recovering later this year.

Are analysts more pessimistic than what they should have been in the case of software services . Will the headwinds which are more in terms of expectation than business headwinds disappear sooner than later.

Its definitely a happy Friday for more than 24,000 current and former Flipkart and Myntra employees, as they receive a one-time cash payout from the $700 million employee stock option (Esop) buyback facilitated by the e-commerce major. ET first broke the news about the share buyback in November last year. This and more in todays ETtech Top 5

Tata Consultancy Services, Hindalco Industries and other companies crossed the 200-day Simple Moving Average indicator on July 13, 2023, signaling market growth. TCS and Hindalco Industries stocks surged past their 200 SMA, while Triveni Engineering & Industries and KIOCL maintained their performance around the 200 SMA. Mobile advertising and marketing firm Affle (India) and real estate developer Sobha also stayed above their 200 SMA. The data was sourced from StockEdge, and todays data on 1...

In this season’s quarterly performance, technology major Tata Consultancy Services (TCS) reported a nearly 17% year-on-year (YoY) rise in PAT, beating estimates.

TCS rose 5.13 per cent to Rs 3,512 level on Friday. This was in addition to 2.47 per cent rise on Thursday. The IT firm alone added Rs 92,135 crore to its m-cap in the two-day period.