Tata Consultancy Services (TCS) has played a stellar role in helping the Tatas to become the first private business group to enter the Rs 10-trillion market capitalisation league. This has happened because of the double-digit rally in the TCS share price in the current year.

Shares of TCS, the most valuable Indian company, on Friday closed at a lifetime high of Rs 3,406. At the current price, TCS is valued at Rs 6.52 trillion, or $98.52 billion, a whisker away from the $100-billion mark.

India’s largest IT services company Tata Consultancy Services (TCS) posted its first-ever drop in the full year net profit on Thursday in a span of last 14 years since the firm got listed on Indian exchanges in 2004. But the shares of the market capitalisation leader TCS went on a joy ride on Friday to hit a record high level.

TCS Q4 Results 2018: The total attrition rate in Tata Consultancy Services (TCS) fell to 11.8%, while that of IT fell to 11% in the fourth quarter of the fiscal year 2018-19. India’s largest IT services company, beating estimates, posted a net profit of 4.5% on year to Rs 6,904 crore in the quarter ended March.

Indian stock markets have fared quite well in the last one year except the period beginning from February which has steered the benchmark indices Sensex and Nifty to drop by 8% from the respective all-time highs. In the last one year, there were many blue-chip stocks that have out done the returns of the key indices such as Titan Company, Avenue Supermarts and Maruti Suzuki.

Shares of Tata group’s cash cow and the largest company of India Tata Consultancy Services have shown steady rise in the span of last 10 years barring several slumps following the downturn in the key equity indices Sensex and Nifty. Tata Consultancy Services is firmly placed above the big IT services provider such as Infosys, Wipro, HCL Technologies and Tech Mahindra not only in terms of revenues but also by the market capitalisation.

Tata Consultancy Services (TCS) dipped 6% to Rs 2,872 on the National Stock Exchange (NSE) after the promoter Tata Sons sold around 1.5% stake in information technology (IT) major through block deals.

Till 09:27 am; a combined 34.74 million equity shares representing 1.8% holding of TCS have changed hands on the NSE and BSE.

Leading global IT services organisation, Tata Consultancy Services (TCS), on Thursday was named as the fastest growing IT services brand in the world in an assessment done by leading brand valuation firm, Brand Finance.

According to Brand Finance IT Services 15 annual report for 2018, TCS now has a total brand value of $10.391 billion; a growth of 14.4 percent from last year's total of $9.081 billion, with an increase of $1.309 billion.

TCS, India’s biggest Information Technology (IT) services company, is betting big on vocational training harnessing the strength of iON, the company’s digital training unit.

Starting from the third-week of February, TCS iON has announced the launch of “phygital” project, an ambitious initiative which intends to leverage both the physical and digital infrastructure to offer vocational courses in far flung areas across the country.

Confident that automation and artificial intelligence will help businesses upscale and grow bigger, a top TCS executive says the job loss fears in the IT industry are highly exaggerated and it is the organisation’s responsibility to reskill and upskill its workers. Chief Operating Officer N Ganapathy Subramaniam, who has been with TCS for 35 years and is known as NGS among colleagues, said the ‘change’ is the only constant in the IT industry and internally his company uses it as an acronym -‘Change Has Another Name, Gaining Excellence’.

Indian information technology giants TCS and Infosys have joined a global drive for tech reskilling of one million workers in the first such IT industry initiative. The exercise, whose founding partners also include Accenture, CA Technologies, Cisco, Cognizant, Hewlett Packard Enterprise (HPE), Pegasystems, PwC, Salesforce, and SAP, aims to bring competitive training content on one platform to serve the greater good.

The initiative will be targeting one million people for training and resource opportunities on the World Economic Forum (WEF) SkillSET portal by January 2021.

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