Tag: TCS
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Weak rupee, oil prices depress equity indices; TCS m-cap over Rs 8 lakh cr
Mumbai : Broadly negative global cues such as high crude oil prices and concerns over escalation in global protectionist measures coupled with a weak rupee depressed the Indian equity markets on Tuesday. According to market observers, heavy selling pressure was witnessed in consumer durables, banking and auto stocks. Index-wise, the Nifty50 on the National Stock…
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TCS net up 23.5%, revenue up 15.8% in Q1
Mumbai : Global software major Tata Consultancy Services (TCS) on Tuesday reported Rs 7,340 crore consolidated net profit for the first quarter of fiscal 2018-19, registering 23.5 per cent annual and 6.3 per cent sequential growth. In a regulatory filing on the BSE, the city-based IT firm said consolidated revenue for the quarter (Q1) under…
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TCS first Indian company to achieve $100 billion m-cap
Mumbai : IT bellwether Tata Consultancy Services (TCS) on Monday emerged as the first Indian listed company to cross the $100-billion mark in terms of market capitalisation (m-cap). Around 11 a.m., the m-cap of the company stood at Rs 675,934.95 crore or $101.60 billion on the BSE. Shares of the company rose over four per…
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Equities erase day’s gains to close flat, TCS top loser
Mumbai : The key Indian equity indices on Tuesday gave up all gains to close on a flat note, with the BSE Sensex incurring marginal losses while the NSE Nifty50 held on to the green with minute gains. IT major Tata Consultancy Services (TCS) was the top loser on the domestic bourses. According to market…
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TCS bags biggest so far $2 bn deal from US insurance firm Transamerica
New Delhi : In its biggest deal to date, Tata Consultancy Services Ltd (TCS) on Friday signed a multi-year agreement worth more than $2 billion with the US-based insurance company Transamerica to digitally transform its life and annuities business. The partnership enables Transamerica — a leading provider of life insurance, retirement and investment solutions —…
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Data of over 6,000 key Indian organisations up for sale on Internet: Quick Heal
New Delhi : Global IT security firm Quick Heal’s Enterprise Security brand Seqrite has discovered an advertisement on DarkNet forum that claims to have access to data of over 6,000 Indian businesses that include Internet Service Providers (ISPs), some of the key government organisations, banks and enterprises. Seqrite Cyber Intelligence Labs, along with its partner…
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Infosys saga indicative of industry-wide malaise
By Amit Kapoor, Infosys is yet again in the news for all the wrong reasons. The poster child of the Indian IT industry just cannot seem to stabilise its ship even after a decade of consistently losing market share under different leaders, mostly comprising of its co-founders. In fact, Vishal Sikka was the first non-founder…