Page 84 - Tcs News Today

TCS will implement multiple cloud-based ERP platforms to streamline Asdas supply chain forecasting, buying and merchandising processes, HR processes, warehouse management, and e-commerce processes.

After remaining net sellers from April to June, FIIs have poured in Rs 7,101 crore from July till September 15, at a time when management commentary and guidance from IT majors painted a stark picture for the sector, show NSDL data.

From the Sensex pack, Axis Bank and SBI were the top laggards, declining 4.7% and 2.9%, respectively. IndusInd Bank, NTPC, UltraTech Cement, and Bajaj Finserv also ended lower. On the other hand, Nestle, HUL, HDFC Bank, TCS, and Infosys closed higher

ETMarkets presents 10 stocks that have experienced this bullish formation, potentially signaling exciting opportunities for investors.

Asda signed a deal with Indias top software services exporter Tata Consultancy Services (TCS) to ensure the companys smooth divestiture from Walmart.

Tata Consultancy Services kicks off its Sustainathon Philippines 2023 with a focus on empowering women in the field of science, technology, engineering and mathematics. The competition invites youth to propose innovative ideas using technology. CONTRIBUTED PHOTO

According to data from TeamLease, the Indian IT sector will hire 40% fewer freshers compared with FY23, when they onboarded 2,50,000 engineers. Usually, by August-September, the IT majors begin their campus placement processes but have been absent from campuses this placement season.

This push to return to office is being implemented by IT/BPM and some technology companies across the country through verbal and informal communication channels, the people cited earlier said, as the industry faces a client demand crunch due to the global macroeconomic crisis which is squeezing tech spending.

Indian IT firms are likely to report softer Q2FY24 numbers due to headwinds in key markets, leading to a decline in EBIT margin on a YoY basis. Q2FY24 numbers may be better than last quarter but may still fail to meet expectations.

BNP Paribas anticipated dollar revenue growth at 1.5 per cent sequentially amid continued impact of a slowdown-related cuts in discretionary tech spending, partially offset by large deal ramp-ups.