Page 121 - Tcs News Today

TCS had conducted interviews and recruited as many as 200 persons with experiences between 2 years to 15 years, earlier this year, but has been delaying their onboarding process.

The previous 1,000-point milestone from 64,000 to 65,000 was achieved in just 3 trading sessions. The two peaks of 63,000 and 64,000 had taken 278 days and 144 days, respectively.

Troubled edtech major Byjus said it has appointed Rajnish Kumar, former SBI chief, and ex-Infosys CFO Mohandas Pai to its Board Advisory Committee. This and more in todays ETtech Top 5.

Indias fourth-largest software exporter, Wipro, posted subdued Q2 results due to clients trimming budgets for discretionary projects. Revenue fell 1.6% to $2.7bn, and the companys Q3 revenue projections suggest the top line may fall a further 2% to $2.7bn or increase by up to 1% to $2.8bn.

Adani Enterprises crossed its 20-day SMA, moving from 2392.57 to 2387.9 on July 12. Adani Enterprises is a diversified conglomerate with interests in various sectors, including energy, logistics, infrastructure, and agribusiness

In a regulatory filing, the company said it had posted a net profit of Rs 11,074 crore, up from Rs 9,478 crore last year.

The information technology (IT) bellwether’s sequential constant currency (CC) growth was flat. The rising caution among clients led to deferment of discretionary technology spending, hurting revenue growth.

A slow-demand environment has crimped hiring at the IT majors.

Tata Consultancy Services (TCS), which will release its earnings after market hours, is likely to put up a weak show for the June quarter, given the slowdown in technology spending and higher costs.

So, I believe that is the reason. I believe in H2 we can see a bounce back coming on after some settling down of the economies and the interest rate might be settled down and this economic cycle might get revived.