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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.


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.


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