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TCS, Infosys, Wipro, HCL flag market access woes in China
Posted on 2nd August 2019
Top information technology companies such as TCS, Wipro, Infosys, Tech Mahindra and HCL have told the government that China remains a difficult market to do business in, despite the fact that they have been present in the world’s third-largest IT services market for over a decade now.

In a meeting with commerce and industry minister Piyush Goyal late on Wednesday, the top executives of these companies said market access in China is a nagging issue, thanks to various non-tariff barriers employed by Beijing.


TCS launches free digital learning course to build career skills
Posted on 11th July 2019
NEW DELHI: TCS iON, a unit of IT major Tata Consultancy Services, Wednesday said it has partnered with All India Council for Technical Education (AICTE) to provide students with a digital learning course to equip them with career skills.

TCS reports soft Q1, blames it in currency, BFSI slump
Posted on 10th July 2019
Tata Consultancy Services (TCS) kick-started the new fiscal with a soft first quarter, primarily due to slowdown in the banking and financial services (BFSI) segment. What also hurt earnings was currency appreciation.

Revenue in dollar terms remained subdued and increased 1.6% quarter-on-quarter to nearly $5.5 billion, which was below consensus estimates of 2.4%-2.6%, according to the results announced on Tuesday.


TCS to implement RBI's information and management system for 310 crore
Posted on 13th June 2019
New Delhi: IT major Tata Consultancy Services will implement Reserve Bank's a centralised information and management system (CIMS) for seamless data collection and validations at a cost of Rs 310.52 crore.

TCS pipped other IT majors like IBM India, Infosys, Larsen & Toubro Infotech to get the key project of the central bank.


TCS overtakes RIL to become most valued firm by m-caps
Posted on 10th June 2019
New Delhi: Tata Consultancy Services (TCS) Monday surpassed Reliance Industries to become the most valued firm by market valuation.

At close of trade, the market capitalisation (m-cap) of TCS was at ₹8,37,194.55 crore, which was ₹1,170.47 crore more than that of RIL's ₹8,36,024.08 crore on the BSE.


TCS bats for FMCG-like valuation
Posted on 30th May 2019
NEW DELHI: Should information technology (IT) services companies be re-rated?

Tata Consultancy Services Ltd believes that it is time money managers re-look at how they have valued the company, which in the year ended March 2019 overtook DXC Technology Co., to become the world’s third largest IT services firm.


Relief for TCS as US court rejects CSC's restraining order demand
Posted on 13th May 2019
A US court has denied Computer Sciences Corp (CSC)’s application for temporary restraining order against Tata Consultancy Services (TCS) after CSC failed to prove its claims.

CSC, a US-based insurance platform provider to a TCS client, had last month filed for temporary restraining order in US against TCS after accusing them of misappropriating its trade secrets, of the Cyberlife and Vantage software platforms.


TCS set to become world’s third-largest IT services company
Posted on 8th May 2019
NEW DELHI: Tata Consultancy Services Ltd (TCS) is set to surpass DXC Technology Co. to become the world’s third-largest software services provider in fiscal 2018-19, marking the first change in the pecking order of the information technology (IT) outsourcing industry in two years.

TCS modernises 150,000 post offices under multi-year deal with India Post
Posted on 22nd April 2019
Tata Consultancy Services (TCS) has partnered India Posts in a multi-year deal to become a multi-service digital hub, modernise the delivery of mail and packages, enhance customer experience, and launch innovative services that will drive new revenues.

TCS will implement Core System Integration deploying an integrated ERP solution that caters to mail operations, finance and accounting, and HR functions, and connects its network of over 150,000 post offices, making this the largest distributed ePostal network in the world.


TCS hits six-month high; regains Rs 8 trillion market-cap mark
Posted on 16th April 2019
Tata Consultancy Services (TCS) hit a six-month high of Rs 2,149, up 2 per cent on Tuesday, extending its Monday’s 5 per cent rally on the BSE, after the company reported better than expected 2.4 per cent growth in constant currency (CC) revenue in the March 2018 quarter of financial year 2018 - 19 (Q4FY19).

The stock of IT major hit its highest level since October 4, 2018 on the BSE. Boosted by 7 per cent rally in stock post March quarter results, the market valuation of TCS regained the Rs 8 trillion-mark today to reach Rs 8.04 trillion at 12:50 pm, BSE data shows.


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