Markets continued to trade lower in noon trades on Monday weighed down by profit taking in IT and pharma majors.

At 12:50PM, the 30-share Sensex was down 107 points at 26,983 and the 50-share Nifty was down 41 points at 8,080.

Markets continue to trade weak in the morning trades weighed by profit taking in Index heavyweights Infosys, HDFC twins and Pharma shares amid weak Asian cues.

At 10.12 AM, the 30-share Sensex is down 110 points at 26,981 and the 50-share Nifty has shed 41 points at 8,080.

In the broader markets, the BSE Mid-cap and Small-cap indices are outperforming the large counterparts and are up between 0.2-0.5%.

The Bombay Stock Exchange (BSE) S&P BSE Sensex hit a record high today, led by Tata Group companies, after global rating agency Moody's raised multiple ratings of group firms including Tata Motors, Tata Steels and Tata Consultancy Services (TCS).

At 1218 hours, S&P BSE 500 index was up 0.2% or 21 points at 10,430 points. It touched new high of 10,478 points during intra-day trade today.

Clients see Tata Consultancy Services (TCS) as the only local information technology (IT) company strong on two important parameters, implementation and innovation, said a study.

It was conducted by America-based HfS Research and KPMG last month. The annual survey, state of services & outsourcing, covered 312 global clients, 347 advisors and consultants, and 420 participants from the companies that manage IT and business operations.

BANGALORE: Indian IT companies will be fiercely competing with MNCs for five big IT contracts in Australia valued at over A$2 billion (Rs 11,000 crore).

Infosys, Wipro, TCS and HCL Technologies are participating alongside IBM, HP and Capgemini in request for information (RFI) and request for proposal (RFP) for incremental IT outsourcing work coming from Sydney Water, Rio Tinto, Jetstar, Aurizon and Transport for NSW, said an Australian IT consultancy firm that did not want to be named.

Despite rising revenue from India, information technology (IT) services major Tata Consultancy Services (TCS) remains cautious on the country.

The Mumbai-based firm, which registered revenue of $3.6 billion in the April-June quarter, saw its India business grow five per cent.

Mumbai: When N. Chandrasekaran was named chief executive officer (CEO) and managing director (MD) of Tata Consultancy Services Ltd (TCS) five years ago, analysts and insiders started talking of the firm’s acronym being short for “Take Chandra Seriously”.

Chandrasekaran proved them so right that no one was surprised when India’s largest software services exporter last week appointed the marathon runner CEO and MD for a second five-year term effective 6 October. Given his track record, shareholder approval to the appointment seems to be a mere formality.

Tata Consultancy Services (TCS), India’s largest information technology services provider, reiterated its FY15 growth outlook is much better than FY14, taking its share price to touch a 52-week high at Rs 2,667 apiece during intra-day trading on Tuesday. The share price of the firm corrected and closed at Rs 2,630 a share on the BSE.

Tata Consultancy Services Ltd's shares gained 0.3 percent after the company on Monday reiterated its revenue and margin outlook for FY 2015. Analysts said that this helps in light of the recent cut in outlook from Cognizant Technology Solutions Corp and Accenture Plc.

Tata Consultancy Services (TCS), India’s largest information technology services provider, on Wednesday announced its board of directors had re-appointed N Chandrasekaran as the chief executive officer and managing director (CEO & MD) for five years. This is effective October 6 and is subject to necessary approval of shareholders.

Earlier, Chandrasekaran was appointed CEO & MD for a period of five years from October 6, 2009 to October 05, 2014.

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