Page 76 - Tcs News Today

This is the third consecutive quarter that TCS reported over $10 billion in order book. The IT services major also increased its quarterly order book guidance to $9-10 billion.

Secured creditors of Byjus Alpha have onboarded two senior executives from risk and financial advisory solutions provider Kroll to ‘safeguard the charged assets of the troubled edtech and Great Learning Education. This and more in todays ETtech Top 5.

India Business News: MUMBAI: The country's largest software company Tata Consultancy Services (TCS) on Wednesday said its net profit increased 8.

TCS buyback: Tata Consultancy Service, on Wednesday, announced its fifth buyback in six years. The IT giant also announced its Q2FY24 financial result today

Israel-Hamas war: Cumulative overseas direct investment from India to Israel during April 2000-May 2023 was $383 million. Indian companies are marking their presence in Israel through mergers and acquisitions and by opening branch offices.

The company said the decline in headcount reflects “the company’s focus on improving workforce utilization and productivity.”

Thus, projecting a target of 21,000 by December 2023 as it is price parity of the June-December 2022 rally (15,183-18,887) projected from March 2023 low of 16,828. "The seasonality pattern gels well with our price structure model and classical chart pattern projection of 20,700-21,000 in CY23. Meanwhile, strong support is placed at 18,700," the report said.

The board has recommended a second interim dividend of Rs 9 per share. The board has also approved buyback of shares worth Rs 17,000 crore at Rs 4,150 apiece.

The department had earlier probed TCS on Transfer Pricing (TP) adjustments to check if the transactions with its associated enterprises were at arms length and whether TCS was liable for taxes on brand fees. The assessing officer (AO) for the assessment year FY14-15 had arrived at the assessed income of 18,752 crore.

TCS attrition rate declines to 14.9%