Action for moonlighting can ruin a career, co will show empathy: TCS COO
MUMBAI: Action against moonlighting can ruin a person’s career and hence, it is important to show empathy while dealing with the issue, a top official from TCS has said. Nothing prevents the country’s biggest IT services exporter from taking action against employees for moonlighting when it has evidence because it is a part of the […]
TCS launches solution to help central banks
NEW DELHI: Tata Consultancy Services (TCS) has announced that it has enhanced its award-winning Quartz solution to enable central and commercial banks to support the entire lifecycle of Central Bank Digital Currency (CBDC) issuance, book-keeping and transactions. The digital equivalent of government-issued bank notes, a CBDC can help a central bank move towards a globalized, […]
Tata Consultancy Services to invest Rs 690 crore in Innovation Park in Kochi
NEW DELHI: In a big boost to the Kerala government’s bid to attract investment, leading IT services provider Tata Consultancy Services (TCS) has agreed to invest Rs 690 crore to set up an Innovation Park in Kochi. The state government has allotted 36.84 acres of land to TCS Ltd for setting up a unit for […]
TCS to recruit 1,500 tech staff in UK
NEW DELHI: Tata Consultancy Services (TCS), has announced that it will recruit 1,500 technology employees across the UK over the next year. The announcement followed Monday’s meeting in Mumbai between visiting UK Trade Secretary Liz Truss and TCS CEO, Rajesh Gopinathan, where they discussed the company’s commitment to continue investing in the UK’s economy, innovation, […]
Three UK partners with TCS to accelerate 5G network rollout
NEW DELHI: Tata Consultancy Services (TCS) has announced that it has been selected by Three UK, one of the UK’s leading mobile network carriers, to help the latter configure its mobile network for its ongoing rollout of 5G services. Three is in the process of deploying a new 5G radio access network which is already […]
TCS’ market valuation crosses Rs 12 trillion-mark helped by rally
NEW DELHI: The market valuation of Tata Consultancy Services (TCS) crossed Rs 12 trillion-mark at close of trade on Thursday, helped by a rally in its share price. TCS topped the gainers’ chart on Sensex, rising 2.89 per cent to close at Rs 3,250.15 on the BSE. During the day, it jumped 3.42 per cent […]
Eight of top-10 firms add Rs 1.34 lakh crore in m-cap; TCS leads
NEW DELHI: Eight of the 10 most valued Indian firms together added over Rs 1.34 lakh crore to their market capitalisation last week, with TCS emerging as the biggest gainer. Reliance Industries Limited (RIL), HUL, HDFC, ITC, Infosys, HDFC Bank and SBI were the other firms which witnessed a rally in their market capitalisation (m-cap) […]
Seven of top-10 firms add Rs 76,998 crore in m-cap; TCS biggest gainer
NEW DELHI: The combined market capitalisation of seven of the 10 most valued Indian firms advanced by Rs 76,998.4 crore last week, with TCS leading the chart. Reliance Industries Limited (RIL), HUL, HDFC, ITC, ICICI Bank and SBI were the other firms which witnessed a jump in their market valuation for the week ended Friday, […]
Nine of top 10 cos lose Rs 88,609 crore in m-cap; HDFC, TCS suffer the most
NEW DELHI: Nine of the 10 most valued firms suffered a combined erosion of Rs 88,609.87 crore in market valuation last week, with HDFC Bank and TCS taking the biggest knock. Reliance Industries Ltd (RIL) was the lone gainer among the top-10 frontline companies, adding Rs 11,415.21 crore to its market capitalisation (m-cap) for the […]
TCS net income jumps 10.8% to Rs 8,131 crore
NEW DELHI: Largest software exporter TCS on Tuesday reported a 10.8 percent rise in June quarter net at Rs 8,131 crore and said focus will be on maintaining double-digit revenue growth in the rest of the year. The Tata Group cash machine reported a revenue growth of 11.4 percent to Rs 38,172 crore during the […]
TCS revamps 150,000 post offices under Rs 1,100 crore deal with India Post
NEW DELHI: India’s largest IT services company Tata Consultancy Services (TCS) said it has deployed an integrated solution for India Post that has helped modernise a network of more than 150,000 post offices in the country. In 2013, the Mumbai-based company had announced receiving an over Rs 1,100 crore multi-year contract from the Department of […]
TCS Q4 net profit rises 17.7 per cent to Rs 8,126 crore
NEW DELHI: India’s largest software services firm Tata Consultancy Services (TCS) on Friday reported a 17.7 per cent growth in consolidated net profit at Rs 8,126 crore for the March 2019 quarter. This is against a net profit of Rs 6,904 crore in the year-ago period, TCS said in a regulatory filing. Revenue of the […]
Reliance pips TCS to become most-valued firm
NEW DELHI: Shares of Reliance Industries (RIL) on Friday rose over 2% helping the oil-to-telecom major pip Tata Consultancy Services (TCS) to become the most-valued company in terms of market capitalisation. In afternoon trade on BSE, RIL’s market capitalisation was Rs 7,14,573.46 crore, while India’s largest IT firm by revenue TCS slipped to the second […]
Eight of top-10 firms gain Rs 1.69 trillion in m-cap; TCS, SBI shine
MUMBAI: Eight of the 10 most valued Indian firms together added Rs1.69 trillion in market capitalisation last week, led by Tata Consultancy Services (TCS) and SBI. A strong broader market drove the market capitalisation (m-cap) of the eight blue-chip firms, including ICICI Bank, HDFC and RIL, higher by Rs1,69,865.11 crore for the week ended Friday. […]
India’s TCS among top 10 firms to get foreign labour certification for H-1B visas
By Lalit K Jha WASHINGTON: Tata Consultancy Services is the only Indian company among top 10 firms to get foreign labour certification for the H-1B visas for the fiscal year 2018, according to data from the US Department of Labour. The H-1B visas are the most sought-after among Indian IT professionals. The visa programme allows […]
Three of top 10 Indian firms lose Rs 1 trillion in market capitalisation, TCS worst hit
NEW DELHI: Three of the 10 most valued Indian companies together witnessed an erosion of Rs 1,07,026.12 crore in market capitalisation last week, with IT major TCS taking the biggest knock. Tata Consultancy Services (TCS), ITC and Infosys suffered a decline in their valuation for the week ended on Friday, whereas RIL, HDFC Bank, Hindustan […]