Page 125 - Tcs News Today

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Experts interpret the new TCS rule, but cannot agree on whether it applies to international credit card transactions done from India

From the Sensex pack, Bajaj Finance and Bajaj Finserv were the top gainers, rising 7.3% and 4.6%, respectively. Titan, L&T, Asian Paints, Wipro, TCS, IndusInd Bank and Asian Paints also clocked gains in opening deals. On the other hand, Bharti Airtel, NTPC, Axis Bank, Tata Steel, and Kotak Bank traded with cuts.

Experts say firms have to focus on tech-enabled partnerships to get a slice of the large deal pie

The month of July has began with some changes in interest rates of small saving schemes. This month is critical with regard to tax-related matters. Lets check what are the five major financial tasks require attention in July 2023.

The story of how greed undermined processes at a company with world-class governance

IT growth spiked during the pandemic as companies spent big on smaller projects. Now, the flood of small deals has dried up, leaving large deals in the market. But because of how the different deals work, the shift has impacted IT-service revenue. For Indian IT, the dearth of small deals is going to make an already bad FY24 much worse.

The recent rally in the stock market may be nearing its end, according to experts. They cite several short and medium-term risks, including potential global economic recession, signs of slowdown across sectors in India, and stretched valuations. The banking sector may no longer be attractive, as interest rates have peaked, while the IT sector is facing headwinds from the global economic fallout. Additionally, the consumption side of the economy is looking cloudy, with lower discretionary spendin...

Stocks such as Biocon, Coal India, Tata Consultancy Services, Indian Overseas Bank, Emami, Bandhan Bank, and Kotak Mahindra Bank have all closed above their 200-day Simple Moving Averages (SMA) on June 30, 2023. This indicates potential upward momentum and a possible bullish trend for these stocks. Biocon specializes in healthcare solutions, Coal India is a major player in the energy sector, TCS is a global leader in IT services, Emami focuses on consumer goods, and Bandhan Bank and Kotak Mahind...

The Central Board of Direct Taxes (CBDT) has issued some important guidelines on the implementation of changes relating to TCS under the LRS and for overseas tour packages.