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Tata Consultancy Services Limited (TCS.NS)

3,852.20

+21.15

(+0.55%)

At close: 3:29 PM GMT+5:30

Tata’s consultancy arm cuts bonuses for employees who aren’t in the office 5 days a week

Workers at the 600,000-strong consultancy risk receiving no bonus if they come into the office fewer than three days a week.

Fortune 2 days ago

TCS.NS
+0.55%
India's Wipro rises as Street pins hopes on new CEO after Q4 results

Shares of Wipro rose as much as 2.4% on Monday, after India's No.4 software services exporter posted better-than-expected fourth-quarter results, while some analysts pinned hopes on new CEO Srinivas Pallia to anchor a turnaround. Still, the stock has lost about 4% so far this year, while larger rivals Tata Consultancy Services and Infosys have gained 1.4% and shed 8.5% respectively. Wipro's quarterly revenue and profit came ahead of estimates, and Pallia said he will prioiritise growth at a time when India's $254 billion IT services industry grapples with reduced client spending due to high interest rates, geopolitical risks and economic uncertainty.

Reuters 3 days ago

WIPRO.BO

TCS.NS
+0.55%
Interest Rates, Geopolitical Tensions Keep U.S. Stocks Gloomy

NEWSPLUS 1606 ET – U.S. stock indexes mostly fall as corporations face the threat of high interest rates for longer. An Israeli strike against Iran overnight added to markets woes. Super Micro loses 23% after the AI hardware provider failed to give an expected positive update ahead of official results.

The Wall Street Journal 5 days ago

TCS.BO

TCS.NS
+0.55%
India’s TCS counts on pricing increases to boost margins

Commanding higher pricing for technology contracts will be one of the ways Tata Consultancy Services looks to "further enhance" its operating margin that is already at a 12-quarter high, its chief financial officer said on Saturday. During its fourth quarter results on Friday, the company reported a 150 basis point increase in its operating margin from a year earlier to 26% on account of "disciplined execution" and lower subcontractor costs. Seksaria also said any price increases would be "structural" in nature and will be used as a medium- to long-term strategy.

Reuters 10 days ago

TCS.NS
+0.55%
TCS Profit Rises on Contract Wins for Cloud, IT Projects

(Bloomberg) -- Tata Consultancy Services Ltd. reported profit that topped analysts’ forecasts after customers hired it for machine learning, cloud and other artificial intelligence-driven projects to help them keep costs in check.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingChina Tells Iran Cooperation Will Last After Attack on IsraelWhat If Fed Rate Hikes Are Actually Sparking US Economic Boom?Tesla Asks Investors to Approve Musk’s $56 Billion Pay AgainPow

Bloomberg 12 days ago

TCS.NS
+0.55%
India's TCS pins hopes on strong deal pipeline to drive growth in fiscal 2025

Tata Consultancy Services said on Friday it is banking on its robust deal pipeline to drive growth in 2025 after it reported lower-than-expected quarterly revenue on weak client spending in North America. The $254-billion Indian IT sector's clients have been curtailing their discretionary spends amid inflationary pressures and recession fears in key markets such as the United States and Europe. Industry body Nasscom estimated overall revenue growth more than halved to 3.8% last financial year.

Reuters 13 days ago

TCSSL.BO
U.S. Stocks Drop As Inflation Lingers

U.S. stocks fell broadly as a hot inflation reading had investors pushing back the timeline for the Fed to start cutting interest rates.

The Wall Street Journal 14 days ago

ICICIGI.BO

ICICIGI.NS

KOTAKBANK.BO
15 Countries with the Largest Budget Deficit as a Percent of GDP

In this article, we will look at the 15 countries with the largest budget deficit as a percentage of GDP. If you want to skip our detailed analysis, you can go directly to the 5 Countries with the Largest Budget Deficit as a Percentage of GDP. A budget deficit occurs when the government’s spending on […]

Insider Monkey 22 days ago

TCS.NS
+0.55%
BABA

RELIANCE.NS
+0.68%
Fired Americans Say Indian Firm Gave Their Jobs to H-1B Visa Holders

A group of American workers said outsourcing firm TCS discriminated against them based on their race and age.

The Wall Street Journal 27 days ago

TCS.BO

TCS.NS
+0.55%
India Shares Close Lower as Investors Await Central Bank Decisions

India shares ended lower, with the benchmark Sensex down 1.0% at 72012.05. Investors are eyeing a Fed meeting this week, as well as a host of other central bank decisions and their implications. Tata Consultancy Services and other tech stocks led the losses.

Barrons.com last month

TCS.NS
+0.55%
India's TCS drops on top shareholder Tata Sons' share sale plan

Shares of Tata Consultancy Services dropped over 3% on Tuesday, as its top shareholder proposed a share sale worth up to 93.62 billion rupees ($1.13 billion) in the Indian IT services company at a discounted rate. The potential share sale by Tata Sons, the holding company of Tata Group, would be at a floor price of 4,001 rupees apiece, reflecting a 3.7% discount to its closing price of 4,152.5 rupees on Monday, as per a term sheet. TCS was currently down 3.2% at 4,018.70 rupees, leading losses on the blue-chip Nifty 50 index, which slid 0.9%.

Reuters last month

TCS.NS
+0.55%
Nikkei Hits New Record; 2-Year JGB Yield Rises to 12-Year High

The Nikkei Stock Average closed virtually flat, advancing 5.81 points to a new record high of 39239.52, as gains in steel and bank stocks helped offset losses in retail and railway stocks.

The Wall Street Journal last month

TCS.BO

TCS.NS
+0.55%
PAYTM.BO
TCS Joins Conga’s Elevated Partnership Program to Help Clients Transform Revenue Lifecycle Management

BROOMFIELD, Colo., February 13, 2024--Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) and Conga, a global leader in Revenue Lifecycle Management solutions, have forged a strategic partnership to offer more customized and state-of-the-art solutions to enterprises. TCS is the inaugural partner of Conga’s Elevated Partnership Program and will strategize with Conga on next-gen solutions and transformation opportunities for clients’ end-to-end revenue lifecycle management systems.

Business Wire 2 months ago

TCS.BO

TCS.NS
+0.55%
India's TCS CEO flags uncertain demand as inflation crimps spending

BENGALURU (Reuters) -Tata Consultancy Services said it was hard to predict a recovery in demand for IT services in the next two quarters as persistent inflation and recession fears pressure client spending in the company's key markets - the U.S. and Europe. The comments come after the industry leader reported its slowest quarterly profit growth since 2020 and rival Infosys missed third-quarter profit estimates, signaling that the sector's pandemic boom was fading and international revenue was drying up. "From our perspective, the (macro) situation hasn't changed much," TCS CEO K. Krithivasan said in a post-earnings conference.

Reuters 3 months ago

TCS.NS
+0.55%
Trending tickers: Tesco, M&S, Whitbread and Tata Consultancy Services

The latest investor updates on stocks that are trending on Thursday

Yahoo Finance UK 3 months ago

WTBCF

WTBDY

TCS.NS
+0.55%
India Tech Valuations Put to the Test as Global Headwinds Put Pressure on Earnings

(Bloomberg) -- Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Most Read from BloombergSEC Authorizes Bitcoin-Spot ETFs in Crypto’s BreakthroughAmazon’s Twitch to Cut 500 Employees, About 35% of StaffSEC Says FBI Is Investigating Compromise of Agency’s X AccountBoeing CEO Fights Back Tears and Admits ‘Our Mistake’ in 737 AddressIndia’s IT services giants may st

Bloomberg 3 months ago

HDFCLIFE.NS

FRCOY

TCS.NS
+0.55%
World Bank’s GDP Forecast for 2025 by Country: Top 30

In this article, we will discuss the 30 growing economies according to the World Bank’s GDP forecast for 2025 by country. If you want to skip our detailed analysis, you can go directly to 10 Growing Economies According to the World Bank’s GDP Forecast for 2025 by Country. Global Economic Outlook The American and European […]

Insider Monkey 4 months ago

TCS.NS
+0.55%
ADANIENT.BO
India's TCS to take $125 million hit to Q3 earnings over US lawsuit

BENGALURU (Reuters) -India's Tata Consultancy Services (TCS) on Tuesday said it would make a $125 million provision in its third-quarter results in relation to a trade secret lawsuit filed by U.S.-based Epic Systems. Epic had filed the lawsuit against TCS in 2014, alleging the information technology (IT) services provider stole its intellectual property while it was contracted to implement Epic's healthcare software. The U.S. Supreme Court on Monday rejected TCS' appeal against a verdict passed by the District Court of Wisconsin, the company said in a statement.

Reuters 5 months ago

TCS.NS
+0.55%
20 Most Valuable Asian Companies Heading into 2024

In this article, we will look into the 20 most valuable Asian companies heading into 2024. If you want to skip our detailed analysis, you can go directly to the 5 Most Valuable Asian Companies Heading into 2024. Asia is the world’s largest and most populous continent, with a rich culture and heritage. The region […]

Insider Monkey 5 months ago

TSM

SSNLF

TCEHY
Top 20 Most Valuable Indian Companies

In this article, we will look into the top 20 most valuable Indian companies. If you want to skip our detailed analysis, you can go directly to the Top 5 Most Valuable Indian Companies. An Outlook of the Indian Economy According to Deloitte’s Indian Economic Outlook 2023, The Indian economy is poised to emerge as […]

Insider Monkey 5 months ago

HDB

RELIANCE.NS
+0.68%
TCS.NS
+0.55%

Performance Overview

Return	TCS.NS	S&P BSE SENSEX
YTD	+2.02%	+2.91%
1-Year	+23.44%	+23.78%
3-Year	+31.54%	+55.27%

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Tata Consultancy Services Limited (TCS.NS)

Tata’s consultancy arm cuts bonuses for employees who aren’t in the office 5 days a week

India's Wipro rises as Street pins hopes on new CEO after Q4 results

Interest Rates, Geopolitical Tensions Keep U.S. Stocks Gloomy

India’s TCS counts on pricing increases to boost margins

TCS Profit Rises on Contract Wins for Cloud, IT Projects

India's TCS pins hopes on strong deal pipeline to drive growth in fiscal 2025

U.S. Stocks Drop As Inflation Lingers

15 Countries with the Largest Budget Deficit as a Percent of GDP

Fired Americans Say Indian Firm Gave Their Jobs to H-1B Visa Holders

India Shares Close Lower as Investors Await Central Bank Decisions

India's TCS drops on top shareholder Tata Sons' share sale plan

Nikkei Hits New Record; 2-Year JGB Yield Rises to 12-Year High

TCS Joins Conga’s Elevated Partnership Program to Help Clients Transform Revenue Lifecycle Management

India's TCS CEO flags uncertain demand as inflation crimps spending

Trending tickers: Tesco, M&S, Whitbread and Tata Consultancy Services

India Tech Valuations Put to the Test as Global Headwinds Put Pressure on Earnings

World Bank’s GDP Forecast for 2025 by Country: Top 30

India's TCS to take $125 million hit to Q3 earnings over US lawsuit

20 Most Valuable Asian Companies Heading into 2024

Top 20 Most Valuable Indian Companies

Performance Overview