Page 98 - Tcs News Today

The brokerage has rated a ‘sell on Tech Mahindra and Wipro, while a ‘neutral on HCL Technologies. Goldman said while Indias IT sector is trading at premium valuations compared to its last 10-year average and almost in line with the five-year average, higher valuations are warranted as growth in technology spending will continue

They like playing in derivatives, F&O that gives them the bang for the buck. They are levered on that. I think we need smart anchors like you guys to help them there. That is the only thing I will say.

Tata Consultancy Services, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1244351.90 Crore) operating in IT Software sector.

The global captives had sold a part or even their entire operations to Indian IT companies, mostly during the global financial crisis, to focus on core operations instead. But they now see India as a crucial profit centre.

CaratLane Trading is under the lens of the Enforcement Directorate (ED) for alleged violation of Foreign Direct Investment (FDI) regulations. The omnichannel retailer has challenged a show-cause notice issued by the investigative authority, sources tell us. This and more in todays Morning Dispatch.

JPMorgan maintained a neutral rating on Tata Motors with a target price of Rs 635. JLR outperformed peers in the US and China but underperformed in the European region.

Katz, who worked with TCS for over 9 years, has claimed that he was fired for not finding right opportunities within the organisation due to a lack of assistance from the hiring teams that allocate employees to various projects.

The Wall Street bank forecast a 9%-10% revenue growth from 2025, saying the market could be under-appreciating the sectors upside, even though near-term revenue is likely to remain "muted".

TCS receives partial relief in discrimination lawsuit case in New Jersey court.

Shawn Katz, a former employee of the IT company, filed a lawsuit against the TCS in the United States alleging racial discrimination against non-South Asian and non-Indian applicants and employees.