Mumbai: Tata Sons, the holding entity of the $410-billion Tata Group, has sought to voluntarily surrender its certificate of registration to the Reserve Bank of India (RBI) after repaying more than₹20,000 crore in debt in a strategic move that allows it to remain an unlisted, closely held company. If these loans were continued, Tata Sons …
ata Consultancy Services/ TCS Share Price Updates for July 12, 2024: Tata Consultancy Services stock surged close to 7 per cent on Friday’s trade. The company kicked off the first quarter of FY25 with an 8.8% year-on-year growth in profits to ₹12,105 crore. During the same time last year, the IT behemoth reported a profit …
As the June quarter earnings season began this week, FII inflow into Dalal Street has crossed the Rs 15,000 crore mark in June with analysts predicting that better than expected results of IT majors can attract more inflow.”FII flows will continue to be erratic, influenced by global factors. Better-than-expected results from IT majors who have …
Indian benchmark equities hit a fresh all-time high on Friday, driven by IT stocks after heavyweight Tata Consultancy Services (TCS) surpassed revenue estimates for the June quarter.The BSE Sensex was trading over 900 points higher at 80,797. The Nifty50 was up 236 points, surpassing the 24,550 level for the first time. Shares of TCS, India’s …
Close to 70 per cent of employees of IT major Tata Consultancy Services (TCS) returned to office after the company linked variable pay to attendance as part of a new policy, a Moneycontrol report quoted the company’s Chief Human Resource Officer Milind Lakkad as saying. Lakkad also said the measure is a temporary move from …
11 Jul 2024, 02:33 PM IST TCS Q1 Results 2024 Live: TCS share price trades flat ahead of Q1 results today TCS Q1 Results 2024 Live: TCS share price traded flat ahead of the announcement of Q1 results today. TCS shares opened higher at ₹3,944.65 apiece on the BSE and hit an intraday high of …
Domestic markets faced selling pressure on Wednesday, driven by profit booking at higher levels. In today’s trade, shares of IT companies will be in focus as bellwether TCS will report its first quarter earnings.”We expect the market to consolidate in the higher zone and any dip is a buying opportunity for long-term investors. Corporate earnings …
TCS Q1 result preview: Indian IT bellwether Tata Consultancy Services (TCS) will report its April-June quarter (Q1FY25) scorecard on Thursday, July 11. While the revenue and profit figures will be in focus, investors will keenly observe the management’s commentary on demand outlook, deal wins and trends in AI and cloud computing. The June quarter key …
Eight of the top-10 most valued firms together added ₹1,83,290.36 crore in market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers, in line with a rally in equities. Last week, the BSE benchmark jumped 963.87 points, or 1.21 per cent. The market valuation of TCS jumped …
IT sector companies will kick off the earnings season for the first quarter of FY25, with Tata Consultancy Services (TCS), Infosys, Wipro, and others leading the way in announcing their Q1FY25 results. The earnings of the IT services sector for the April-June 2024 quarter is expected to be a mixed bag with sluggish revenue growth …