Tag: TCS
17 Results
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FPIs stage strong comeback to fuel stocks rally
Having booked profit from August to December 2017, foreign portfolio investors or FPIs have staged a strong comeback in January virtually taking charge of the bull rally with accelerated flow of liquidity mainly in large cap stocks or those constituting 30-share Sensitive Index of Bombay Stock Exchange and 50-scrip Nifty of National Stock Exchange. These …
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January 24, 2018 -
Over 20 pc of TCS’ hiring in last 12 months was outside India
Tata Consultancy Services (TCS), India’s largest software services firm, hired over 20 per cent of its new recruits in the last one year in international markets as part of its “localisation initiatives”. In the October-December 2017 quarter alone, the Mumbai- headquartered firm recruited almost 3,000 people from outside India. “Overall, in the last 12 months, …
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January 21, 2018 -
Nine of 10 most valued cos add Rs 66,619 cr in m-cap
Nine of the 10 most valued Indian companies together added Rs 66,619.4 crore in market valuation last week, with TCS and Reliance Industries (RIL) emerging as the biggest gainers. Barring SBI, rest nine companies including HDFC Bank, ITC, HUL and Infosys saw rise in their market capitalisation (m-cap) for the week ended Friday. The m-cap …
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January 14, 2018 -
Benchmark assessment
Cambridge Assessment English, a University of Cambridge department, has signed an agreement with TCS iON, a unit of Tata Consultancy Services, who will administer Cambridge’s computer-based business English certificates throughout India. Cambridge will leverage TCS iON’s Digital Assessment Platform’s extensive, high stake assessment capability to conduct exams in India. Saul Nassé, CEO, Cambridge Assessment English, …
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January 4, 2018 -
Equity indices trade in red, TCS top loser
Key Indian equity indices on Thursday traded in the red during the mid-afternoon trade session with heavy selling pressure on consumer durables, capital goods and metal stocks. IT major Tata Consultancy Services (TCS) was the top loser on the BSE market breadth — down almost 3 per cent — followed by Wipro, NTPC, Larsen and …
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December 14, 2017 -
Government postpones provision relating to TDS, TCS under GST
The government has postponed the provision relating to Tax Deduction at Source and Tax Collection at Source under the GST, ahead of its July 1 roll-out. This has been done to provide more time for persons liable to deduct tax at source and e-commerce companies and their suppliers to prepare for the historic tax reform. …
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June 26, 2017 -
Six of top-10 cos lose Rs.34,183 cr in m-cap; TCS hit hard
The combined market valuation of six of the 10 most valued Indian companies declined by Rs.34,182.73 crore last week, with IT major TCS taking the steepest hit. From the top-10 list, TCS, HDFC, HUL, Maruti, Infosys and ONGC suffered losses in their market capitalisation (m-cap) for the week ended Friday, while RIL, HDFC Bank, ITC …
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June 18, 2017 -
Sensex, Nifty close higher for 6th straight day; Wipro, TCS jump 3%
Supported by higher opening of European markets, Indian equity markets continued their bullish trend for sixth-day and closed last trading session of the week with marginal gains. The Sensex at the Bombay Stock Exchange (BSE) ended 28 points higher at 28,893, on Friday, and the Nifty at the National Stock Exchange (NSE) closed 13 points …
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February 23, 2017 -
Sensex, Nifty extend gains; Bharti Airtel surges 5%
Continuing their bullish trend for sixth-straight day, Indian equity markets started Thursday’s trading session on a higher note. At 9.50 am, the Sensex at the BSE was trading 59 points up at 28,924 and the Nifty at the NSE was trading 18 points higher at 8,945. In the broader markets, BSE Midcap index rose 0.4 …
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February 23, 2017 -
Bengal to teach prisoners basic literacy through computers
With the aim to achieve 100 per cent literacy among prison inmates of West Bengal, the state has launched a Computer Based Fundamental Literacy Programme (CBFL), it was announced on Monday. Christened 'Project Sandeepan', the initiative was launched on February 1 by the Department of Correctional Administration and has Tata Consultancy Services as its knowledge …
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February 20, 2017 -
Markets extend gains; Nifty closes at 8,879
Keeping aside mixed global cues, domestic equity markets extended gains for third-straight session and closed Monday’s trading session on a higher note. The Sensex at the Bombay Stock Exchange (BSE) ended 193 points higher at 28,662, and the Nifty at the National Stock Exchange (NSE) closed 58 points up at 8,879. In the broader markets, …
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February 20, 2017 -
TCS likely to buyback shares to boost shareholder returns
Tata Consultancy Services will consider a proposal to buy back its shares from the market as the software developer seeks to put a floor under its stock and stave off criticism from activist shareholders seeking a better return on their investment. TCS, sitting on a cash pile of more than Rs.29,000 crore, informed the exchanges on …
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February 16, 2017 -
TCS likely to buyback shares to boost shareholder returns
Tata Consultancy Services will consider a proposal to buy back its shares from the market as the software developer seeks to put a floor under its stock and stave off criticism from activist shareholders seeking a better return on their investment. TCS, sitting on a cash pile of more than Rs.29,000 crore, informed the exchanges on …
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February 16, 2017 -
Nifty snaps 2-day fall; TCS buyback plan fires up Infosys
Bulls resurfaced with a vengeance on Thursday as investors bought into front line pharma and software counters in anticipation of more gains ahead. Sentiment changing for the better after giant Tata Consultancy Services announced a plan to consider buying back its shares. The Nifty added 51 points to close at 8,775 points snapping a two-session decline. Stocks …
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February 16, 2017 -
Nifty snaps 2-day fall; TCS buyback plan fires up Infosys
Bulls resurfaced with a vengeance on Thursday as investors bought into front line pharma and software counters in anticipation of more gains ahead. Sentiment changing for the better after giant Tata Consultancy Services announced a plan to consider buying back its shares. The Nifty added 51 points to close at 8,775 points snapping a two-session decline. Stocks …
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February 16, 2017 -
Sensex, Nifty inch up; TCS closes 2.8% higher
Mixed global cues and Reserve Babnk of India’s unexpected move to keep key interest rates unchanged in its monetary policy review on Wednesday kept domestic equity markets volatile on Thursday. The Sensex at the Bombay Stock Exchange (BSE) ended 40 points higher at 28,330, and the Nifty at the National Stock Exchange (NSE) closed nine points …
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February 9, 2017 -
TCS leads software stocks lower as Trump boubles H1-B visa costs
Tata Consultancy Services led the entire software sector sharply lower after the US tweaked a rule governing H1-B Visas, making it difficult for Indian companies to do business in the world's largest software market. US President Donald Trump, fighting to protect US jobs, doubled the salary requirement for H1-B visas, which allow low paid Indian …
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January 31, 2017