Page 86 - Tcs News Today

The market valuation of TCS plunged Rs 26,308.58 crore to Rs 12,91,919.56 crore. Infosys witnessed an erosion of Rs 25,296.43 crore from its valuation which was at Rs 5,95,597.10 crore. The market valuation of Reliance Industries fell by Rs 5,108.05 crore to Rs 15,87,553.37 crore and that of Hindustan Unilever declined by Rs 3,865.08 crore to Rs 5,79,373.96 crore.

Tata Consultancy Services (TCS), Indias largest IT company, is discontinuing its hybrid work policy, necessitating that employees return to the office five days a week starting October 1, 2023.

The likelihood of a slowdown in the US and Europe has led to investors and analysts turning cautious about the IT sectors prospects. Most large software services exporters derive a large chunk of their revenues from developed economies. The dim outlook for IT spending has resulted in analysts cutting earnings estimates for these companies.

India Business News: BENGALURU: TCS is asking select teams in the company to work from office five days in a week beginning October 1, ending the flexibility of working in.

​​TCS on foreign remittances from October 1, 2023: The Budget 2023 hiked TCS on foreign remittances of more than Rs 7 lakh through the LRS to 20% for investments in overseas assets, real estate, bonds, foreign company stocks, etc. The higher rate comes into effect on October 1, 2023. If you directly invest in international stocks, you should know how the new TCS rule is going to impact your investment from tomorrow.

Till September, TCS employees had to come to office three days a week

A study of the performance of BSE500 stocks in the last two years shows that there are 158 counters with negative returns during the period. But what has actually caused heartburn to those looking for consistent compounders is the hibernation phase of top wealth creators like Infosys, HDFC Bank, RIL, TCS and Asian Paints.

Aims to help enterprise clients address risk and compliance challenges.

India Business News: The Indian travel industry has urged the government to roll back the “draconian” TCS on foreign tours that kicks in from October 1, 2023, and instead

In Q2 FY24, Nifty surged 449 points or 2.3% to 19638, while Sensex advanced 1,110 points or 1.7% to 65,828. In Fridays trade, the market capitalisation of all listed companies on BSE surged by Rs 2.43 lakh crore, while in Q2, it advanced Rs 22.6 lakh crore to Rs 319.08 lakh crore