Page 7 - Tcs News Today

India Business News: BENGALURU: TCS has updated its variable pay policy to include work from office as a crucial factor.

Q4 results today: HDFC Bank to release Q4 numbers today with expectations of strong growth. TCS exceeded estimates, Infosys faced challenges in Q4.

TCS wins multi-year deal with Australian govt's Western Power : Rashtra News #TCS #wins #multiyear #deal #Australian #govts #Western #Power Mumbai: Tata Consultancy Services (TCS) has won a multi-year deal from Western Power, an Australian state government-owned energy company to assist in digitally transforming its software systems as part of the business’s drive to deliver

With Infosys predicting a meagre 1% to 3% annual revenue growth and Wipro predicting a likely 1.5% revenue decline in the June quarter with a remote probability of a 0.5% increase, the picture for the current fiscal year is similarly dismal. For recent engineering graduates looking for work in the field, these developments are concerning.

The broader NSE Nifty climbed 151 points or 0.69% to finish at 22,147. Among the Sensex constituents, Bajaj Finance, M&M, HDFC Bank, JSW Steel, and Maruti emerged as the top gainers, registering gains of 2-3%. Infosys, HCL Tech, and TCS closed 0.6% to 1.2% lower, resulting in a 0.4% decline in the IT index.

IT services company Wipro on Friday reported an 8% year-on-year (YoY) fall in consolidated net profit to Rs 2,835 crore for the quarter ended March 2024. It was Rs 3,074 crore in the last year quarter.

Although TCS is much bigger than Infosys in size, it has still outperformed its Bengaluru-based next-best rival hands down.

News and developments from the week gone by, through numbers and charts.

India Business News: Infosys shares fell 2.9% due to disappointing revenue forecast. TCS performed better. Analysts are concerned about growth predictability and execution

If Tata Sons reorganises debt by repaying borrowing or transferring the holding in Tata Capital to another entity, it may get deregistered as a core investment company (CIC) and upper-layer NBFC.