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Racial bias? Indian IT giant TCS set to go on trial over firing Americans
Posted on 6th November 2018
IT outsourcing giant Tata Consultancy Services needs to offer a good explanation for why engineers hired at its American outposts are 13 times as likely to be fired if they’re not South Asian.

The company is set to go on trial in California over racial discrimination claims by American workers who lost their jobs at TCS offices in the US because they hadn’t been assigned to any of its clients.

Jio, TCS, two others in fray for a spot in Kolkata's Silicon Valley
Posted on 3rd November 2018
The proposed Silicon Valley Hub in Kolkata, the flagship information technology (IT) project of the West Bengal government, has attracted four major players — Reliance Jio, Tata Consultancy Services, Capgemini and Firstsource.

The four companies are the major ones among others to have submitted proposals under the expression of interest (EOI) floated by the West Bengal government for setting up units in the proposed hub, said Amit Mitra, finance,

TCS makes its first digital acquisition; all you need to know about TCS buyout of London’s W12 Studio
Posted on 2nd November 2018
IT major Tata Consultancy Services Friday said it has acquired London-based digital design company W12 Studios, in its first merger and acquisition (M&A) in the space as well as under the leadership of CEO Rajesh Gopinathan. Financial details of the deal, however, have not been disclosed by the company.

‘Tata Sons, TCS violated rules in sacking Mistry’
Posted on 1st November 2018
The dramatic sacking of Cyrus Mistry as chairman and director of Tata Sons and TCS violated provisions of Companies Act, RBI rules and more importantly, Tatas’ own articles of association, RoC, Mumbai said in an RTI reply, a charge that the Tatas have vehemently denied.

TCS restructures its business units to focus on long-term strategy
Posted on 22nd October 2018
Tata Consultancy Services (TCS) has restructured its industry solutions units (ISUs), giving almost 200 employees control of them and quarterly target goals as it looks to free up senior executives to focus on long-term strategy. TCS first broke up its business into smaller units in 2008, a move that helped power growth, with revenue soaring to over $19 billion in FY18 from $6 billion in FY09.

IT shares trade weak; TCS hits 3-mth low, Infosys, HCL Tech down 4% each
Posted on 19th October 2018
Shares of information technology (IT) companies were trading lower at the bourses with Tata Consultancy Services (TCS), Infosys, Tech Mahindra and HCL Technologies falling up to 4% on the National Stock Exchange (NSE).

Mindtree, Sonata Software, Mphasis, Trigyn Technologies, Larsen & Toubro Infotech, Hexaware Technologies and Mastek were down in the range of 4% to 15%. At 01:41 pm,

TCS to offer 40% more jobs to new techies via its National Qualifier Test
Posted on 16th October 2018
Tata Consultancy Services (TCS) will offer 40 per cent more jobs to fresh engineering graduates during the ongoing campus placements this year, compared to last year. Stronger demand across key sectors and geographies for the company’s services had prompted this decision.

The Mumbai-headquartered company said it would make offers to 28,000 candidates, who are being selected through a National Qualifier Test. This selection process has been introduced this year.

TCS to see 28,000 campus hires, highest in 3 years
Posted on 13th October 2018
BENGALURU: Tata Consultancy Services (TCS) is giving offers to 28,000 campus recruits this year, the highest number of offers it has made to freshers in the last three years, signalling a strong demand pipeline for its services.

In each of the last two years, the company made 20,000 offers to freshers. “We are seeing good demand in terms of business and growth.

TCS eyes double-digit growth in FY19 after Q2 net profit jumps 22.6%
Posted on 12th October 2018
Continuing with its growth story, Tata Consultancy Services, the country's largest information technology services company, met the Street's expectations for the September quarter's financial numbers.

And, for the first time after many quarters, it reported double-digit revenue growth in constant currency (CC) terms, apart from widening the profitability.

IT stocks underperform; TCS, Infosys slip 3% each
Posted on 10th October 2018
Shares of IT companies slipped in the intraday trade on Wednesday as the rupee recovered from all-time lows.

At 12:13 am, shares of TCS were trading two per cent lower at Rs 2,050 a piece on BSE. The stock dropped as much as 2.87 per cent to Rs 2,030 during the trade. On similar lines, Infosys was down over two and a half per cent at Rs 698.75. HCL Tech was trading at Rs 1,045.50, down 2 per cent.

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