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TCS rides on AI, big data to pip Infosys in resurgent BFSI space
Posted on 20th July 2018
Demand is back in the banking, financial services and insurance (BFSI) segment for IT services, but this time, the pattern is different. While traditionally, majority of the large deals in the BSFI space were in areas such as migration of legacy processes to core banking implementation, the newer deals are more front-end with more focus on consumer experience. This is being led by newer technologies such as artificial intelligence, big data & analytics and block chain.

TCS sees BFSI growth story sustainable in medium term
Posted on 18th July 2018
Country’s largest IT services company Tata Consultancy Services (TCS), bouyed by its BFSI turnaround in the first quarter of FY19, has said the growth of the vertical is sustainable at least in the medium term as the banking, financial services & insurance sector has moved from compliance phase to growth trajectory, worldwide.

TCS gains 3% as Q1 profit beats Street estimate
Posted on 11th July 2018
Shares of Tata Consultancy Services (TCS) rose 3% to Rs 1,928 per share on the BSE in early morning trade after the country’s biggest software services exporter posted a better-than-expected rise of about 23.5% year on year (YoY) and 6.3% quarter on quarter (QoQ) in first-quarter (Q1) net profit, helped by strong growth in its banking, financial services and insurance division (BFSI).

Tata Sons to participate in second round of TCS share buyback
Posted on 30th June 2018
Tata Consultancy Services has informed that its promoter, Tata Sons, will be participating in the proposed share buyback initiative, in an exchange filing.

"We would like to inform you that the promoter and promoter group of the company have communicated the intention to participate in the proposed buyback," said the company in a statement.

TCS France growing in double digits
Posted on 29th June 2018
BENGALURU: Tata Consultancy Services grew its revenue in the double-digit range in France to $200 million in FY18, the first time those figures have been disclosed, and expects growth to rev up as the European economy improves.

Indian IT companies have been focusing on Europe to reduce their US dependence, where protectionist economic policies and slower spending by large banks is putting a crimp on growth.

TCS, Infosys shares hit record high as rupee falls to 19-month low
Posted on 27th June 2018
Mumbai: Shares of information technology companies, including Tata Consultancy Services Ltd and Infosys Ltd, gained on Wednesday as the Indian rupee weakened to a 19-month low against the US dollar. NSE’s Nifty IT Index gained 1.11% at 10.57 am. The Nifty 50Index was down 0.20%.

TCS upset over govt's decision to use postal staff at passport centres
Posted on 21st June 2018
Tata Consultancy Services (TCS) has expressed concerns regarding the government’s decision to utilise postal department staff as citizen service executives at post office passport seva kendras.

The decision was in contravention of the provisions of the master services agreement signed between the company and the Ministry of External Affairs (MEA) on October 13, 2008, TCS said.

TCS, Infosys push BSE IT index to new high; IT index rallies 24% in CY18
Posted on 18th June 2018
Shares of information technology (IT) companies were in focus on Monday with the S&P BSE IT index hitting record high. The raly comes on the back of a surge in prices of sector majors - Tata Consultancy Services (TCS) and Infosys - that hit a new high on the BSE in intra-day trade.

TCS likely to announce mega share buyback offer today
Posted on 15th June 2018
New Delhi: Shares of India’s biggest IT company Tata Consultancy Services Ltd (TCS) traded higher on Friday ahead of the company’s decision on share buyback proposal. TCS in a filing with the BSE on Tuesday had informed that its board will consider a proposal for buyback of equity shares at a meeting on Friday. Domestic brokerage Motilal Oswal Securities, which has a neutral rating on TCS shares, anticipates a buyback in the range of Rs20,000 crore.

HDFC 5th biggest consumer financial services company globally: Forbes
Posted on 14th June 2018
Housing finance major HDFC has been ranked as the 5th biggest public company globally in the 'consumer financial services category' on a list compiled by Forbes magazine.

American Express has topped this category, while Indiabulls Housing Finance is the only other Indian company (at 13th place) on the list.

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