Page 232 - Tcs News Today

TCS may lose spot as world’s third largest IT services firm January 12, 2021 Global ranks could be shuffled if Atos-DXC merger goes through Will Tata Consultancy Services (TCS) lose its status as the third largest IT services player in the world? It appears possible, as French IT services giant Atos last week announced a ‘friendly’ merger with US-based DXC Technology. If the deal goes through, it could overtake both IBM Services and TCS to become the world’s second largest global IT se...

Closing Bell: Shares end at record highs as IT stocks rally - The Nifty IT index rose 3.3%, with TCS climbing 1.8% to hit a record high of Rs 3,230 after the firm on Friday reported higher December-quarter profit

TCS to buy out GE’s stake in Saudi JV January 12, 2021 × Tata Consultancy Services (TCS) has signed an agreement with GE to buy the latters stake in their joint venture firm, Tata Consultancy Services Saudi Arabia, for $12,471 (about ₹9.14 lakh). The deal, which requires anti-trust approval in Saudi Arabia, is expected to be completed in six months. “Given GE’s planned exit from this partnership, the partners have entered into a definitive agreement subject to closing conditions for th...

Tata Consultancy Services (TCS) and GE have entered into definitive agreement for transfer of GEs stake in first of its kind All-Women Business Process Services Cente (TCS Saudi Arabia) in Riyadh to TCS. On completion of required governance and business changes to effect this transition, TCS will assume full responsibility of the Womens Center, securing its viability in the longer term and allowing it to continue to serve as a source of opportunity and skills development for women in the count...

Another Indian business house, which has seen a fast appreciation of share prices of its group companies in the recent past is Adani Group; however, the Bajajs are still ahead of Adanis in share price

Shares of information technology (IT) companies continued their upward march in Mondays session, with Nifty IT index rising 2 per cent to scale a fresh record high on the National Stock Exchange (NSE), after sector giant Tata Consultancy Services (TCS) posted better-than-expected results for the quarter ended December 2020 (Q3FY21). At 09:59 am, Nifty IT index, the top gainer among sectoral indices, was up 1.8 per cent at 26,643 as compared to a 0.87-per cent rise in the Nifty50 index at 14,4...

Stable and clearer tax provisions, supported by a neutral approach to tax administration, should help improve investor sentiment towards doing business in India.

TCS pays 100% variable pay for employees after blockbuster Q3 results For the December 2020 quarter, the company’s revenue grew 2.1 percent y-o-y to $5.7 billion, after declining 7.8 percent and 2.1 percent in Q1 and Q2, respectively. TCS is confident about getting back on to a double digit growth trajectory in FY22 as it anticipates a multi-year technology transformation cycle. January 11, 2021 / 11:04 PM IST India’s largest IT services provider TCS rolls out 100 percent variable pay...

Margins were the standout feature of TCS results. It was 26% plus despite a wage hike. It was definitely very heartening to see that. But it has come about because of a number of things; one, growth has been across all the verticals. When there is growth there is also a margin pickup. We had explained it on multiple occasions in the past as well. Second, of course, currency did not have a big impact either way. Third, there is also the benefit of a fungible talent pool which means we are able ...

Updated Jan 11, 2021 | 08:47 IST TCS and Avenue Supermarts in focus after their Q3FY21 earning, while ET Now news break confirmed as Vedanta promoter group launches voluntary open offer Stocks to track in trade for January 11, 2021: TCS, D-Mart, Maruti, Tata Steel, NHPC, Vedanta&nbsp | &nbspPhoto Credit:&nbspBCCL Key Highlights Narayana Hrudayalaya discontinued operation and sale of Heart Centre in Durgapur, West Bengal Garware Technical Fibres: Buyback of 3.17 lakh shar...