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February 6, 2024
Meta, the parent company of Facebook, reported impressive fourth-quarter earnings with a 25% YoY revenue growth. The stock surged 20% in a day, adding more than one TCS to its market value. Discover how this surge made Mark Zuckerberg the fourth richest person.
February 6, 2024
In the fiscal third quarter, Indias second largest IT firm Infosys said one of its US units was affected by a cyber security issue, resulting in the unavailability of several applications. In December, HCLTech reported a ransomware incident, adding that it had made no impact.
February 6, 2024
By Ben Glickman Shares of The Container Store Group fell late on Tuesday after the company slashed its sales outlook for the year following fiscal...
February 3, 2024
The Container Store Group (NYSE:TCS – Get Free Report) and Bed, Bath & Beyond (NASDAQ:BBBYQ – Get Free Report) are both consumer discretionary companies, but which is the superior investment? We will contrast the two companies based on the strength of their dividends, valuation, analyst recommendations, risk, institutional ownership, profitability and earnings. Profitability This table […]
February 2, 2024
The Interim Budget 2024 includes the inclusion of increased Tax Collected at Source (TCS) rates on foreign remittances into the Income Tax Act as an amendment. The adjustment is awaiting parliamentary approval and will affect foreign expenditures exceeding Rs 7 lakh annually per individual.
February 2, 2024
TCS has implemented a return-to-office mandate, linking hikes and promotions to compliance. Freshers who complete assigned courses will receive digital compensation and higher salaries. Employees are required to work from the office for all five days of the week. TCS has expanded its partnership with Aviva to manage 5.5 million policies.
February 2, 2024
Indian IT majors do not bring good news for engineering graduates.
February 2, 2024
Tata Consultancy Services (TCS) is linking promotions and salary hikes to compliance with its return-to-office mandate. Learn more about TCS's return-to-office policy and its impact on promotions and salary hikes.
February 1, 2024
Deloitte India partner Rohinton Sidhwa discusses the changes in the TCS rates imposed on foreign exchange remittances. The TCS rate has been reduced from 20% to 5% in many categories. There are also potential changes in the calculation of agricultural income. The finance minister mentioned a PLI for R&D and innovation with a funding of Rs 1 lakh crore. There is also a focus on credit to the tourism sector. Sidhwa believes that the revenue growth assumptions are conservative and expects an in...
January 31, 2024
PB Fintech reported strong numbers for the quarter ended December, with the company posting a consolidated net profit of Rs 38 crore, against a loss year ago.