Tata Consultancy Services

  • IT giant TCS crosses Rs 5 lakh crore market cap; first by an Indian company 6 days ago

    Mumbai: Tata Consultancy Services (TCS), the country's largest software services exporter, on Wednesday attained a market valuation of over Rs 5 lakh crore, becoming the first company in Indian markets to achieve this milestone. At the end of of Wednesday's trade, the market capitalisation (m-cap) of TCS soared to Rs 5,06,703.34...
  • Tata Consulting Services net up 27 percent in Q1 July 17, 2014

    Mumbai: Indian IT bellwether Tata Consulting Services (TCS) posted a net profit of Rs.5,058 crore for the first quarter (April-June) of fiscal 2014-15, registering 27 percent year-on-year (YoY) growth. In a regulatory filing to the Bombay Stock Exchange (BSE) Thursday, the global software major said its consolidated income for the quarter...
  • TCS looks for strong FY15 after poll verdict May 17, 2014

    Bangalore: Tata Consultancy Services on Saturday said that it is looking at a strong show in FY'15 supported by global economic revival, and hopes of pick up in India business on account of the decisive mandate in elections. "From an economic perspective, we are seeing a revival in every part of...
  • Chennai blasts: Victim Swati had Tatkal ticket, got 1st pay in January May 1, 2014

    Guntur: IBNlive spoke to Rajalakshmi, grandmother of the 23-year-old software professional Swati Parachuri, who was killed in a blast on the Bangalore-Guwahati Express at Chennai Central station on Thursday morning. Swati was going home to Guntur in Andhra Pradesh. Her shocked parents have already left for Chennai to bring back...
  • TCS net profit rises 51.5 per cent, beats estimates April 16, 2014

    Mumbai: Tata Consultancy Services Ltd, India's largest IT services exporter, posted a 51.5 per cent rise in quarterly net profit, beating expectations, as it won more contracts in Europe and some emerging markets. Net profit for the fourth quarter ended March 31 rose to Rs 5,297 crore ($879 million) from Rs...
  • LS polls: TCS ties up with Twitter India for election app April 14, 2014

    New Delhi: The country's largest software services firm Tata Consultancy Services has tied up with social media giant Twitter to launch an app, iElect, to help users gain social insights into the ongoing Lok Sabha polls. "The TCS iElect app is a completely new way to observe, analyse and participate in...
  • Feel insecure in Mumbai: Hyderabad techie's uncle March 3, 2014

    23-year-old Esther Anuhya was found murdered on the outskirts of Mumbai over a week after she went missing in the city in January this year. Her uncle spoke of the trauma the family went through in the days after. ...
  • TCS employee murder case: Tamil Nadu Police arrests one more accused February 26, 2014

    Chennai: The Tamil Nadu Police on Wednesday made the third arrest in the gruesome murder of a 24-year-old woman employee of Tata Consultancy Services (TCS). The accused was arrested from West Bengal and is being brought back to Chennai by train. The arrest came just a day after two migrant workers...
  • TCS employee murder case: Two arrested, hunt on for accomplices February 26, 2014

    Two weeks after a 24-year-old TCS employee was found dead, the Tamil Nadu Crime Branch has arrested two people saying that they have confessed to sexual assault and robbery. The hunt is on for their accomplices. Watch the video for more. ...
  • TCS, ITC biggest wealth creators during 2008-2013: Study December 14, 2013

    Software major Tata Consultancy Services (TCS) has emerged as the biggest wealth creator over the past five years, while Reliance Industries and RCom top the list of companies where investors lost the most in terms of market capitalisation, says a study. A wealth creation study conducted by financial services company Motilal...
  • TCS market value crosses Rs 4 trillion; stock at all-time high October 7, 2013

    Mumbai: Tata group's IT firm TCS on Monday attained a market valuation of Rs 4 lakh crore after a gap of over a month led by a smart rally in its stock price. At present, TCS is the only company with a market value of over Rs 4 lakh crore. At...
  • ONGC to intensify exploration in Tripura August 14, 2013

    Oil and Natural Gas Corporation's Tripura unit would intensify exploration for supplying natural gas to Rs 5000-crore Chambal Fertilisers and Chemicals Ltd in the state. "A team of Tata Consultancy Services is now preparing the feasibility report to be submitted in December this year. We are also intensifying exploration to supply gas...
  • TCS foray to open up new avenues for eco development: Shivraj Singh Chouhan August 10, 2013

    Tata Consultancy Services is setting up a software development campus in Indore with an investment of Rs 500 crore in two phases, which state Chief Minister Shivraj Singh Chouhan said will help Madhya Pradesh emerge as a new sought-after location for IT companies. "We will make Madhya Pradesh a new destination...
  • TCS gains over 5 per cent after earnings beat estimates July 19, 2013

    Mumbai: Shares in Tata Consultancy Services, India's largest software services exporter, rose as much as 5.75 per cent on Friday, a day after posting April-June earnings that beat estimates and maintaining an upbeat outlook. TCS said consolidated net profit for the quarter ended June 30 rose to Rs 3831 crore from...
  • TCS consolidated net jumps 15.5 pc to Rs 3,831 cr in Q1 July 18, 2013

    Mumbai: The country's largest software exporter Tata Consultancy Services on Thursday reported consolidated net profit of Rs 3,831 crore for the June quarter, up 15.5 per cent from Rs 3,318 crore in the same period in 2012. The company's total revenue, under Indian IFRS accounting standards, rose 21 per cent to...
  • TCS CEO N Chandrasekaran gets 50 pc salary hike June 6, 2013

    New Delhi: Leading software services exporter Tata Consultancy Services (TCS) has raised the salary of its CEO and Managing Director N Chandrasekaran by 50 per cent to Rs 15 lakh per month effective from April 2014. The hike in salary package of TCS' top executive is however subject to approval...
  • TCS bags deal worth over 350-mn-pound from UK's Network Rail June 5, 2013

    Mumbai: Country's largest software services firm Tata Consultancy Services (TCS) on Wednesday said it has bagged a four-year deal from UK's Network Rail Infrastructure Ltd. The IT Solutions and System Integration Framework agreement encompasses identifying, defining, designing, building and integration of next generation IT solutions for Network Rail, TCS said in...
  • TCS seen outpacing sector after profit spurt April 18, 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...
  • TCS shares fall 2 per cent ahead of Q4 results April 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...
  • TCS rises on purchase of French IT provider Alti April 9, 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...
  • No point spoon-feeding the investor: S Mahalingam February 13, 2013

    Seturaman Mahalingam Age: 65 Education: Chartered Accountant Last Position: Chief financial officer, TCS Career: Managed key functions, including marketing, operations, human resources Interests: Reading, travelling, golf Q: You have spent 42 years in one company. Such long stints are hard to see these days. A: When I joined TCS, there were just 25 consulting staff. We...
  • Wipro quarterly profit rises 18 pc, beats estimates January 18, 2013

    India's No 3 software services provider Wipro Ltd posted an 18 per cent gain in quarterly profit, joining bigger rivals Tata Consultancy Services Ltd and Infosys Ltd in reporting better-than-expected earnings. Wipro, whose customers include Apple Inc and BP PLC, said net profit for the three months ended December rose to...
  • HCL Technologies profit jumps 68.4 per cent, beats estimate January 17, 2013

    Bangalore: HCL Technologies, India's fourth-largest software services provider, beat estimates with a 68.4 per cent jump in quarterly profit, joining Infosys and Tata Consultancy Services in signalling a pickup in outsourcing. Consolidated net profit for its fiscal second quarter that ended December 31 rose to Rs 965 crore from Rs...
  • TCS to hire 25,000 from campuses in fiscal year 2013 January 14, 2013

    Mumbai: 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. "We had said we would hire 25,000 from campuses in the next fiscal (2013-14). We have already rolled 24,000 offers, who will join the company starting July,"...
  • TCS Q3 above forecast, net profit up 1 pc to Rs 3551 cr January 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...
  • TCS shares gain as Morgan Stanley upgrades its rating December 19, 2012

    New Delhi: Shares in Tata Consultancy Services gain 1.9 Per cent after Morgan Stanley upgraded the stock to 'overweight' from 'equal-weight' and raised its target price on the stock to Rs 1,415 from Rs 1,225. Morgan Stanley says, IT spending could be stable in 2013 and that it does not expect...
  • TCS profit jumps over 49 pc to Rs 3,434 cr in Sept quarter October 19, 2012

    Mumbai: Country's largest software firm Tata Consultancy Services (TCS) on Friday reported a 49.2 per cent jump in consolidated net profit at Rs 3,434 crore for the quarter ended September 30, 2012. The company had posted a net profit of Rs 2,301 crore in the same quarter of the previous...
  • TCS gains on earnings; Infosys extends falls July 13, 2012

    Mumbai: Shares in Tata Consultancy Services were up 2.3 per cent on Friday after its quarterly profit exceeded forecasts, while Infosys fell after cutting its sales guidance by more than expected. The contrasting performances by India's two biggest software services exporters tracked their earnings results out on Thursday. Infosys shares were down...
  • TCS reports 38 pc rise in Q1 net profit July 13, 2012

    Mumbai: India's top software services provider Tata Consultancy Services reported slightly better-than-expected results for April-June, a stark contrast to its rival and number two Infosys, which had earlier in the day disappointed the street with a lower-than-expected quarterly profit and cut its full year US dollar revenue guidance sharply. TCS first...
  • Microsoft 'most attractive employer' in India April 26, 2012

    Mumbai: Microsoft India on Thursday bagged the Randstad Award 2012 for the 'most attractive employer' in the country for the second consecutive year followed by Oracle India and Tata Consultancy Services. The Randstad Award 2012 was also given to Volkswagen India and Nokia India as special recognition in the auto...