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Nifty IT Index Surges Post Strong Q3 Results from Infosys and TCS | Stock Market News

Nifty IT Index Surges Post Strong Q3 Results from Infosys and TCS | Stock Market News

Fri, Jan 12, 2024

Indian IT stocks witnessed a significant jump on Friday following earnings releases from Infosys and Tata Consultancy Services (TCS) the previous day. Both companies' financial performance surpassed analyst expectations, boosting investor confidence and driving share prices higher.

TCS Lands Major Deal to Replace Australian Stock Exchange’ Clearing and Settlement System

TCS Lands Major Deal to Replace Australian Stock Exchange’ Clearing and Settlement System

Mon, Nov 20, 2023

In a major win for Tata Consultancy Services (TCS), the Indian IT giant has been selected by Australian stock exchange operator ASX to overhaul its critical clearing and settlement software. This marks a significant departure from ASX's previous blockchain-based approach, which was abandoned due to delays and cost overruns.

Saurabh Mukherjea's Insights on Investing in TCS, Impact of Israel-Hamas War on Crude Prices

Saurabh Mukherjea's Insights on Investing in TCS, Impact of Israel-Hamas War on Crude Prices

Wed, Oct 11, 2023

Israel-Hamas War has no significant impact on Crude prices... Investing in TCS is beneficial for the long term... Invested in Bajaj Finance for a long time: Saurabh Mukherjee, Founder & CIO, Marcellus Investment Managers.

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Tata-Mistry spat unlikely to hit TCS operations: Analysts

Tata-Mistry spat unlikely to hit TCS operations: Analysts

Sun, Nov 13, 2016

"TCS is under the Tata umbrella but has always been operationally independent...The financials of TCS speak for themselves. The company is sitting on a cash pile and has clear business visibility. Chandra enjoys all the executionary powers and we have not seen decisions of TCS being influenced by the Board," Arup Roy, research director, Gartner said.

Tata's boardroom battle with ousted chairman Cyrus Mistry escalates

Tata's boardroom battle with ousted chairman Cyrus Mistry escalates

Fri, Nov 11, 2016

Tata Sons, holding firm of India`s $100-billion salt-to-software Tata conglomerate, launched a broadside on Thursday against its ousted chairman Cyrus Mistry, criticising his performance and removing him as head of the group`s flagship business.

Tata removes Cyrus Mistry as TCS chairman; Ishaat Hussain interim chairman

Tata removes Cyrus Mistry as TCS chairman; Ishaat Hussain interim chairman

Thu, Nov 10, 2016

India`s biggest software services exporter, Tata Consultancy Services (TCS), said it received a letter from majority owner Tata Sons nominating Ishaat Hussain as the interim chairman of the company in place of Cyrus Mistry.

Tata Tele up 3% as Group shares tumble over Mistry's ouster

Tata Tele up 3% as Group shares tumble over Mistry's ouster

Tue, Oct 25, 2016

Shares of Tata Group companies opened weak on Tuesday. However, Tata Teleservices was the only major company of Tata Sons that was trading up by over 3%.

ITC, 8 others take hit of Rs 57,065 crore in market valuation

ITC, 8 others take hit of Rs 57,065 crore in market valuation

Sun, Oct 02, 2016

Combined market valuation (m-cap) of 9 of the top 10 most valued Indian companies plummeted by Rs 57,065.11 crore last week, with ITC taking the sharpest hit.

Exits for Tata Group usually the last resort, says Cyrus Mistry

Exits for Tata Group usually the last resort, says Cyrus Mistry

Sun, Oct 02, 2016

Tata Group chairman Cyrus Mistry has said he is "not embarrassed" to admit that exits for the group, which has exited over 40 businesses in 20 years, are usually the last resort and the conglomerate does not take decisions about exiting through a "short-term financial lens".

Sensex closes 35 points higher; Nifty holds 8,800-mark

Sensex closes 35 points higher; Nifty holds 8,800-mark

Mon, Sep 19, 2016

Indian shares ended higher on Monday, posting their fourth straight session of gains, as investors awaited key central bank meetings in the United States (US) and Japan this week for clues on global monetary policies.

Watch top 5 market stories of the day; From Nifty closing above 8,500-mark to markets likely to focus on TCS, Infosys results

Watch top 5 market stories of the day; From Nifty closing above 8,500-mark to markets likely to focus on TCS, Infosys results

Thu, Jul 14, 2016

Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five market stories of the day: 1. Nifty closes at 11-month high

TCS' first quarter consolidated net profit rises 9%

TCS' first quarter consolidated net profit rises 9%

Thu, Jul 14, 2016

Tata Consultancy service(TCS) reported consolidated net profit of Rs. 6,318 crore for the June quarter ended (Q1FY17), registering marginal decline of 0.45% quarter-on-quarter (qoq). However, the company reported 9.44% growth in the corresponding quarter of the previous year.

Danger Zone : Stocks to be avoided from the investment

Danger Zone : Stocks to be avoided from the investment

Wed, Jul 13, 2016

Stocks to be avoided from the investment due to negative news flow. To know more watch this full video here.

Q1 snapshot: IT sector’s revenue growth to remain stable

Q1 snapshot: IT sector’s revenue growth to remain stable

Wed, Jul 13, 2016

According to its report, JM Financial estimates that IT sector will have a stable June quarter with modest 2-4% dollar revenue growth. It said that this growth will be the result of a seasonal recovery in volume and a stable cross-currency.

This is how much pay Vishal Sikka took home in FY16

This is how much pay Vishal Sikka took home in FY16

Thu, May 19, 2016

Earlier this year, Infosys board extended the tenure of Sikka by nearly two years till March 2021.

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