Mumbai: State-owned energy major Oil and Natural Gas Corporation (ONGC) on Thursday reclaimed the spot as the country's most-valued company, pushing IT giant TCS to the second slot. At the end of trade, ONGC commanded a market value of Rs 2,89,047 crore. This is about Rs 4,428 crore more than TCS's market cap of Rs 2,84,619 crore.
ONGC scrip ended 0.82 per cent higher, while TCS lost 1.02 per cent on the BSE. Reliance Industries with a market capitalisation of Rs 2,71,904 crore was at third place, followed by ITC (Rs 2,66,133 crore) and Coal India (Rs 1,88,543 crore).
Market capitalisation or the value of a listed company is arrived at by multiplying the total number of its shares with its stock price on a particular day or time. This figure changes daily with the change in the stock price.
The BSE 30-stock index, Sensex, advanced by 34.37 points, or 0.17 per cent to 20,247.33, the level last seen in January, 2011. The index had gained 521 points in last two trading sessions....
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04:53 PM, May 16, 2013
Mumbai: The BSE Sensex closed near a three-month high hit on Thursday, led by gains in stocks beaten down earlier, such as TCS which was up on short covering, and Hindalco, following copper's more than 6 per cent gain on Friday. Among technology shares, Tata Consultancy Services Ltd provisionally rose 3.3 per cent, while in metals, Hindalco Industries Ltd ended 3.7 per cent higher. The BSE Sensex provisionally gained 0.47...
09:29 AM, May 06, 2013
Washington: Amidst Congressional debate on the comprehensive immigration reform, a top US Senator has accused big Indian IT companies - TCS, Infosys and Wipro - of abusing the H-1B visa system. "There are some specific abuses of H-1B," Senator Richard Durbin, said during a Congressional hearing on immigration reform by the powerful Senate Judiciary Committee on Monday, during which the lawmakers discussed threadbare the H-1B visa issues. In fact, Senator...
01:32 PM, Apr 23, 2013
Mumbai: Tata Consultancy Services (TCS), India's top software services provider, lifted quarterly profit by more than a fifth and painted a more bullish picture for future revenue growth than key rival Infosys. TCS said it expects revenue in the current fiscal year to increase more than the 12-14 per cent sector export growth forecast by the National Association of Software and Services Companies (Nasscom). Infosys Ltd on Friday missed expectations...
09:42 AM, Apr 18, 2013
Mumbai: Tata Consultancy Services Ltd, India's top software services provider, matched estimates with a 22 per cent rise in quarterly profit and said it expects to grow revenue faster than a key industry-wide forecast for the year starting this month. Net profit for the fiscal fourth quarter ended March 31 rose to 35.97 billion rupees from 29.46 billion rupees in the year-earlier period, as it won orders from customers including...
05:32 PM, Apr 17, 2013
Mumbai: Shares of IT major Tata Consultancy Services (TCS) on Wednesday fell by nearly 2 per cent ahead of its quarterly results, to be announced later in the day. After falling 3.55 per cent during the day, shares of TCS finally ended at Rs 1,459.20, down 1.73 per cent from the previous close on the BSE. At NSE, the scrip closed at Rs 1,459.85, with a loss of 1.57 per...
04:55 PM, Apr 17, 2013
Bangalore: HCL Technologies Ltd, India's fourth-biggest software services provider, beat analysts' estimates with a 73 per cent rise in quarterly profit after winning orders and keeping a lid on hiring. Net profit rose to Rs 10.4 billion for the fiscal third-quarter ended on March 31 from Rs 6 billion in the year-earlier period, said HCL Technologies, whose customers include Finnish mobile phone maker Nokia Oyj. That compared with the average...
09:59 AM, Apr 17, 2013
Mumbai: The BSE Sensex fell to its lowest close in seven months on Friday after Infosys' lower-than-expected revenue guidance raised concerns about the outlook for the software services exporting sector. The Sensex provisionally fell 1.7 per cent to its lowest close since September 13, 2012. The Nifty fell 1.2 per cent. Infosys Ltd provisionally fell 22.1 per cent, marking its biggest single-day fall since April 4, 2003. ...
09:47 AM, Apr 12, 2013
Mumbai: Shares in Tata Consultancy Services rose as much as 2.2 per cent on Tuesday after the company announced it will buy privately-held Alti SA of France for 75 million euros. The acquisition signals Indian software service exporters' interest in diversifying its revenue base, and the acquisition could potentially help increase profits at TCS, analysts said. TCS shares were up 2 per cent as of 12:36 pm. ...
02:55 PM, Apr 09, 2013
Country's largest software firm TCS on Tuesday said it has agreed to settle a suit filed by two former employees alleging violation of the rights of its non-US citizen workers in the US. However, details of the settlement were not disclosed. ...
04:22 PM, Feb 26, 2013
Seturaman says that TCS chose to be more transparent and keep the investor updated rather than guiding it. ...
04:54 PM, Feb 13, 2013
Exports from India's IT outsourcing sector are expected to grow between 12 and 14 per cent in the fiscal year starting April to as much as $87 billion, according to the National Association of Software and Services Companies (Nasscom), the industry lobby. ...
01:58 PM, Feb 12, 2013
Nielsen Holdings NV, best known for its TV ratings, increased the size of its contract with India's top software services exporter, Tata Consultancy Services Ltd (TCS.NS), to $2.5 billion from $1 billion. The expanded contract, among TCS's largest, comes at a time when there are expectations that India's $100 billion IT services sector may be turning a corner helped by acceleration in IT spending by existing customers and addition of...
01:10 PM, Feb 12, 2013
India's no.3 software services provider Wipro Ltd's less-than-perfect score on its quarterly earnings report card threw a measure of doubt over the sector's near-term outlook, with new projects and contracts still elusive. Since a week ago, better-than-expected results from Infosys Ltd, Tata Consultancy Services Ltd and HCL Technologies Ltd sparked a 13 per cent rally in the sector subindex that grinded to a halt on January 18. ...
02:58 PM, Jan 19, 2013
Tata Consultancy Services (TCS) on Monday said it has given campus offers to 24,000 people, who will be joining the organisation in 2013-14. ...
11:10 PM, Jan 14, 2013
India's largest software services exporter Tata Consultancy Services (TCS) net profit rose higher than expected 1.1 per cent quarter-on-quarter to Rs 3,551.1 crore in the third quarter of current financial year 2012-13. Revenues grew by 2.9 per cent to Rs 16,069.9 crore in the October-December quarter of 2012 from Rs 15620.8 crore in previous quarter, which too were ahead of forecast. ...
05:14 PM, Jan 14, 2013
Tata Motors market cap crossed the 1 trillion rupees mark, joining what is now a 14-member club that also includes Reliance Industries, ONGC and Tata Consultancy Services. Tata Motors shares have hit a record high this year after surging 4.7 per cent as of January 9 close, adding to its 75 per cent gain in 2012. ...
01:23 PM, Jan 10, 2013
Ratan Tata, an iconic corporate leader, retired as chairman of Tata Group after a 50-year run today but kept away from office on his last day at the helm of one of country's oldest business empires. Tata, who turned 75 today, is in Pune for his birthday, sources at Bombay House, headquarters of the salt-to-software conglomerate, told PTI, adding there was no clarity on whether he would visit his office...
03:17 PM, Dec 28, 2012
Ratan Tata, who led the transformation of the Tata group from a conventional corporate house into a $ 100 billion global conglomerate with high-profile acquisitions abroad, will retire on Friday ending 50-year run in one of India's oldest business empires. ...
06:55 AM, Dec 28, 2012
Ratan Tata, who led the transformation of the Tata group from a conventional corporate house into a USD 100 billion global conglomerate with high-profile acquisitions abroad, will retire tomorrow ending a 50-year run in one of India's oldest business empires. Marking a generational change, Tata, who turns 75 tomorrow, will hand over the reins of the group to 44-year-old Cyrus Mistry, who was chosen his successor last year and formally...
12:24 PM, Dec 27, 2012
