Page 70 - Tcs News Today

With the release of their quarterly results, one thing is clear—IT companies are witnessing a drop in headcount.

Four e-scooter makers have deposited part of the over Rs 300 crore they have to refund to buyers for mispricing their ebikes to avail of subsidies.

"We have about 130 employees in Israel. They are all locals. We dont do any business in Israel, but we have some software teams that are located there. They are fortunately safe and we are constantly monitoring (the situation)," HCLTech CEO and MD C Vijayakumar said.

With the start of earnings season, analysts expect stock-specific action as well as sectorial rotation in the market. The IT sector would be in focus with TCS announcing its results post-market Wednesday, while Infosys and HCL Tech earnings are due later today.

India Business News: TCS's growth in the September quarter was weak due to a decrease in discretionary spending and slower deal ramp-ups. Revenue grew by 2.8% in constant

India Business News: TCS will buy back about Rs 17,000-crore worth of its own stock, a bullish sign amid a volatile macroeconomic environment. It will buy up to 4 crore sh

According to Chakri Lokapriya, CIO & MD of TCG AMC, investing in TCS, oil marketing companies, and the metal sector at their current levels is not recommended. He believes that TCSs numbers reflect a slowdown in the industry and investing in the stock will not generate significant returns. Lokapriya also suggests staying on the sidelines for Reliance Industries due to the lack of spending in the BFSI and TMT sectors. However, he sees potential in Jio Financials, which he believes will be tra...

Sanjiv Bhasin, Director at IIFL Securities, recommends considering oil marketing companies, as well as TCS, which he believes will continue to perform well despite mixed numbers and a lower-than-expected buyback. Bhasin is bullish on Zomato and the fintech space, and suggests considering cement companies like ACC, Ambuja, UltraTech, and Dalmia Bharat. He also praises Nestle for its bullish outlook on India.

Tata Consultancy Services (TCS) Ltd. shares were the top losers on the Nifty 50 index, trading with losses of over 1.5 per cent

The company also said it has a significant fresher bench and does not see a need to visit campuses this year as of now. Infosys reported a decline of 6,940 last quarter as the company slowed down hiring.