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 and consumer durables industry sector, respectively. The award, instituted globally by leading HR services provider Randstad, aims to encourage best...
11:23 PM, Apr 26, 2012
Mumbai: Tata Consultancy Services Ltd shares surged on Tuesday as much as 9.6 per cent after posting a 23 per cent rise in its fiscal fourth quarter profit and giving a relatively upbeat outlook. TCS's results, which came after the market closed on Monday, were seen as a sign it may be better positioned than rival Infosys. TCS shares were last up 8.9 per cent, versus a 0.05 per cent...
10:21 AM, Apr 24, 2012
Mumbai: India's biggest software services exporter, Tata Consultancy Services (TCS) and Japanese major Mitsubishi Corporation on Wednesday announced a new joint venture, Nippon TCS Solution Center Ltd for the Japanese market. "The JV will be set up with an initial investment of USD 5 million, which will be raised in a phased manner. In this joint venture, TCS Japan has taken 60 percent stake, while the remaining 40 percent will...
05:08 PM, Feb 08, 2012
New Delhi: Country's biggest software services firm Tata Consultancy Services (TCS) on Monday said it has signed a multi-year, multi-million euro contract with European car rental company Europcar for deployment of IT services in France. The financial details of the deal were not disclosed. After a rigorous evaluation process, Europcar's IT subsidiary Eurocar Information Services (EIS) selected TCS to manage strategic IT services development for its French operations, TCS said...
08:47 PM, Feb 06, 2012
New Delhi: The Government on Tuesday permitted IT software major Tata Consultancy Services (TCS) to set up a Special Economic Zone at Indore in Madhya Pradesh, even as it allowed Videocon group to pull out from its SEZ project at Jalpaiguri in West Bengal. "SEZ proposal by TCS has been cleared," a Commerce Ministry official said after meeting of the Board of Approval (BoA). The green signals to TCS and...
04:35 PM, Jan 24, 2012
New Delhi: Tata Consultancy Services reported 23 per cent year-on-year rise in second quarter consolidated net profit at Rs 2,887 crore, helped by continued demand for outsourcing services and said the deal pipeline remains strong. Revenue for October-December quarter jumped 37 per cent from a year ago to Rs 13,204 crore, India's top software services exporter said on Tuesday Analysts on average had expected TCS net profit at Rs 2,893...
08:03 PM, Jan 17, 2012
Mumbai: India has the highest per centage share of family businesses in Asia, accounting for 67 per cent of total listed companies with market capitalisation of more than $ 50 million, Credit Suisse said in a research report on Thursday. The report said 663 out of 983 listed Indian firms were family businesses and they account for half of all corporate hirings. Family businesses in India account for 46.8 per...
10:57 PM, Nov 06, 2011
Shanghai: Infosys Ltd, India's No 2 software services exporter, is looking for acquisitions worth up to $ 700 million, Infosys' Executive Co-Chairman Kris Gopalakrishnan said on Thursday. Infosys has been on the hunt for acquisitions in the healthcare and life science sectors and is looking at firms that have platforms or niches in geographies that its lacks. "Typically, the size we are looking for is up to 10 per cent...
11:25 AM, Oct 27, 2011
Mumbai: Country's largest software Tata Consultancy Services (TCS) has hiked the pay package of its chief N Chandrasekaran, raising his monthly salary limit nearly 70 per cent to Rs 10 lakh. The steep pay hike comes against the backdrop of the company's good performance in recent quarters, even as many of its peers are grappling with tough business conditions. In a filing to the Bombay Stock Exchange, TCS said, "Taking...
07:54 PM, Jun 02, 2011
London: The Public Accounts Committee of the House of Commons on Tuesday expressed concern over immigration officials' alleged "lack of control" over Indian and other non-European Union workers entering Britain through the Inter-Company Transfer (ICT) route. Many Indian IT companies use this route to transfer staff to offices in Britain. Since this route is not subject to the annual cap on the number of non-EU migrants, tens of thousands of...
10:36 AM, May 17, 2011
Mumbai: Country's largest software company Tata Consultancy Services (TCS) on Thursday said its net profit for the fourth quarter ended March 31, 2011 rose by 31.1 per cent to Rs 2,623 crore. It posted an increase of 31.3 per cent in quarterly revenues at Rs 10,157 crore, TCS said in a statement. "Excellent execution and a constant focus on the customer has helped TCS round off a sterling performance in...
03:07 PM, Apr 21, 2011
Thanjavur: The global financial crisis had worked to the advantage of India due to its slow and steady development and in the near future for every 10 persons who take up jobs globally, six would be Indians, IT major Tata Consultancy Services Limited on Tuesday said. The Indian economy had shown signs of improvement and along with it, there were indications that "a lot of technological innovation" was going to...
06:21 PM, Apr 12, 2011
Mumbai: Country's largest software firm Tata Consultancy Services (TCS) on Monday posted 29.93 per cent jump in consolidated net profit at Rs 2,369.83 crore for the third quarter ended December 31, 2010. The company has announced 200 per cent dividend. It has declared the third interim dividend of Rs 2 per equity share of Re 1 each. TCS had recorded net profit of Rs 1,823.90 crore in the October-December 2009...
06:33 PM, Jan 17, 2011
Mumbai: The Tata group, India's oldest and best-known conglomerate, on Friday named a five member panel to search for a successor to chairman Ratan Tata, who will retire by the end of 2012. The panel includes N A Soonawala, Cyrus Mistry and R K Krishnakumar, who are directors at group holding firm Tata Sons. The other members include lawyer Shirin Bharucha, and UK professor Lord Bhattacharya. The Tata group said...
08:19 PM, Aug 06, 2010
The company's revenues also grew to Rs 8,217 crore, an increase of 14 per cent from the year-ago period. ...
08:16 PM, Jul 15, 2010
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