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IT shares rally on value buying; TCS, HCL Tech, Wipro gain over 10%
Posted on 20th March 2020
Shares of information technology (IT) companies rallied by up to 14 per cent on the National Stock Exchange (NSE) on Friday after Accenture reported a better-than-consensus Q2 performance. Meanwhile, the Rupee hit a new low on Thursday, falling below 75 against the US dollar for the first time.

Tata Consultancy Services (TCS), HCL Technologies, Wipro, MindTree, and NIIT Technologies gained in the range of 10 per cent to 14 per cent on the NSE as investors indulged in some value-buying as valuations turned attractive after the recent fall in stock prices.

IT shares under pressure on Covid-19 outbreak; TCS, Wipro hit 52-week lows
Posted on 11th March 2020

Shares of information technology (IT) companies were under pressure on Wednesday with sector giant Tata Consultancy Services (TCS) and Wipro hitting their respective 52-week lows on the National Stock Exchange (NSE) in the early morning trade on concerns over potential impact from COVID-19 (Coronavirus).

Nifty IT index, the top loser among the key sectoral indices, too hit its 52-week low of 14,356, down 3.4 per cent on the NSE. The index was at its lowest level since January 15, 2019, when it had touched 14,262 points in the intra-day trade.

Indian CEOs need to build their own inclusive tech solutions: Nadella
Posted on 24th February 2020

Microsoft chief executive Satya Nadella on Monday urged Indian business leaders to build technology capabilities that are inclusive in nature.

Beginning his three-day visit to India, Nadella was addressing Microsoft's Future Decoded CEO Summit here.

TCS, DLF seek govt nod to set up IT SEZs in Haryana, Uttar Pradesh
Posted on 24th February 2020

Software firm TCS and realty major DLF have sought government nod to set up special economic zones (SEZ) for IT sector in Haryana and Uttar Pradesh.

These proposals will be taken up by the Board of Approval, the highest decision-making body for SEZ, in its meeting on February 26 here. The inter-ministerial body is chaired by the commerce secretary.

IT stocks gain on weak Rupee; TCS, NIIT Tech climb 3%
Posted on 3rd January 2020

Shares of information technology (I-T) companies surged on Friday, buoyed by a fall in Indian Rupee against the US dollar after a key Iranian and Iraqi military personnel were killed by a US airstrike that sent the oil prices soaring.

Iranian Major-General Qassem Soleimani, head of the elite Quds Force, and Iraqi militia commander Abu Mahdi al-Muhandis were killed early on Friday in an air strike on their convoy at Baghdad airport, Reuters reported.

IT stocks slip; TCS, Wipro fall over 1% as rupee hits one-month high
Posted on 10th December 2019

Shares of information technology (IT) services were trading in the red in the early trade on Tuesday as the rupee hit around one month-high against the US dollar. The domestic currency opened at 70.96 against Monday's close of 71.04.

At 09:51 am, the Nifty IT index was trading over a per cent lower at 14,977 levels with all the 10 constituents in the negative territory.

TCS falls 4% on disappointing Q2 results, stock hits over 7-month low
Posted on 11th October 2019
Shares of Tata Consultancy Services (TCS) hit an over seven-month low of Rs 1,929, down 4 per cent on the BSE in early morning trade on Friday after the IT major on Thursday reported weaker-than-expected numbers for the quarter ended September 30 (Q2FY20). The stock was trading at its lowest level since February 25, 2019.

TCS announces Rs 45 as dividend; Q2 result in a nutshell
Posted on 10th October 2019
India’s largest IT behemoth Tata Consultancy Services (TCS) on Thursday declared a second interim dividend of Rs 5 per share in Q2 of FY20. It also announced a special dividend of Rs 40 per equity share of Re 1 each of the company. Notably, both dividends will be paid on October 24, 2019 to the equity shareholders, TCS said in an exchange filing.

General Motors to transfer 1,300 staff to TCS for global vehicle engineering programme
Posted on 17th September 2019
American auto giant General Motors (GM) and Indian IT major Tata Consultancy Services (TCS) have announced a new partnership in future global vehicle engineering. This builds on the 16-year relationship between the two companies.

Under the terms of the agreement, TCS will acquire certain assets at the GM Technical Center-India (GMTC-I), Bengaluru, and will partner with GM, supporting its global vehicle programmes with engineering design services over the next 5 years.

TCS expands partnership with Norway’s Posten Norge
Posted on 6th September 2019
Tata Consultancy Services (TCS) on Thursday announced that it had expanded its partnership with Posten Norge (Norway Post) to build a digital stack to enable product innovation and superior customer experience.

According to a company statement, the expanded partnership aims to develop modern, intelligent and automated solutions for Posten. This move will accelerate Posten’s growth by enabling adoption of agile working methods, harmonising IT services and driving automation.

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