Page 120 - Tcs News Today

The IT company which has seen an attrition of 17.3% in the fiscal first quarter did not hire from campuses from the batch of 2023 and is “reviewing” its campus plans for the batch of 2024.

Foreign portfolio investors turned net sellers at Rs 1,242 crore on Wednesday. DIIs, meanwhile, bought shares worth Rs 436 crore

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TCS and HCL Tech reported lower-than-expected earnings in Q1FY24. TCS had its slowest start to a fiscal year since going public in 2004. TCS reported a 16.84 per cent YoY rise in net profit, but a 2.8 per cent QoQ decline. HCL Techs net profit rose 7.65 per cent YoY but declined 11.27 per cent QoQ.

I have been telling my investors that it is definitely a good time to look at IT companies. I mean, there is no need to rush in and put all your money in IT now but of course, it is a good time to start nibbling into it.

Tata Consultancy Services (TCS) reported a YoY rise of 17% in consolidated net profit of Q1 to Rs 11,074 crore. However, consolidated revenue increased nearly 13%, marginally lower than the estimated Rs 59,500 crore. Motilal Oswal and Nuvama retained their Buy recommendation on the IT major, while Nomura maintained a Reduce rating.

The TCS CEO expects growth momentum to return once uncertainty ends in major markets such as the US and added that they will have better visibility in the second half of the year in a quarter or two.

Yes, indeed. Eicher had a very clear product with no real competition in terms of the price points so much higher with Harley now coming in along with Hero. The costs have come down.

​So, we believe there is more upside to the IT pack where it should aid the Nifty going up and banks which have been sort of a laggard I think should come back into momentum especially since Bank Nifty crosses the 45,000 mark and there thrust could be coming in from especially the PSU banks.

Your PAN will become inoperative if it is not linked to Aadhaar by June 30, 2023. Though inoperative PAN will make it difficult for an individual to do certain transactions. However, there are certain transactions that will continue with inoperative PAN albeit with higher TDS and TCS deduction on the money transactions.