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Barometers traded in a narrow range in early afternoon trade. At 12:20 IST, the barometer index, the S&P BSE Sensex, jumped 372.49 points or 0.76% at 49,155. The Nifty 50 index gained 94.30 points or 0.66% at 14,441.55. In the broader market, the S&P BSE Mid-Cap index fell 0.66% while the S&P BSE Small-Cap index lost 0.39%. The market breadth was negative. On the BSE, 1,266 shares rose and 1,694 shares fell. A total of 162 shares were unchanged. Nifty Financial Services Index (FINNIFTY) F&O contracts started trading from today. It is a diversified index of banks, insurance companies, NBFCs, e...

Strong Demand Drives TCS Q3 Growth Momentum - Strongest Third Qtr Growth in 9 yrs: +4.1% QoQ CC, +4.7% INR, +5.1% USD - Back to Positive YoY Growth: +0.4% CC, +5.4% INR, +2.1% USD - Operating Margin: 26.6%, +0.4% QoQ and +1.6% YoY - Net Profit Growth +3.7% YoY - Lowest Ever Employee Attrition in IT Services (LTM): 7.6% News provided by Share this article Share this article NEW YORK and MUMBAI, India, Jan. 8, 2021 /PRNewswire/ -- Tata Consultancy Services (BSE: 532540, NSE: TCS), the leading global IT services, consulting and business solutions organization, reported its consolidated financia...

The IT major reported 16.4% rise in consolidated net profit to Rs 8,701 crore on a 4.7% increase in revenue to Rs 42,015 crore in Q3 December 2020 (Q3 FY21) over Q2 September 2020 (Q2 FY21). The September quarter net profit had a post-tax one-time impact of Rs 958 crore due to provision for ongoing litigation with EPIC. The company's consolidated net profit has grown by 7.2% and revenue has risen by 5.4% in Q3 FY21 over Q3 FY20. Profit before tax (PBT) in Q3 FY21 stood at Rs 11,692 crore, up by 16.5% from Rs 10,037 crore in Q2 FY21. Sequentially, total tax expense during the third quarter has...