Tata Consultancy Services (TCS), the country’s largest IT services exporter, has regained revenue parity with its nearest competitor Cognizant in the key North American market, after trailing the latter for over three quarters, setting the stage for an interesting battle between the two companies in the world's largest technology market.

Kasturi & Sons Ltd, publisher of The Hindu, has inducted Vinita Bali, former managing director of Britannia and S Mahalingam, former CFO of Tata Consultancy Service (TCS), as independent directors.

Confirming the development, KSL's board in a statement said, "Vinita Bali and Mahalingam are seasoned stalwarts of corporate India. We are privileged and delighted to have them on our board. This is a significant milestone in our institutional journey."

Tata Consultancy Services (TCS)'s British business process outsourcing subsidiary, Diligenta, on Tuesday announced a new multi-million pound and a multi-year contract with UK-based Friends Life Management Services for its international operations.

In a notification to the stock exchange, the country’s leading information technology services, consulting and business solutions company said Diligenta would configure and implement TCS BaNCS, a globally acclaimed core platform, to support the international operations of Friends Life—Friends Provident International.

Mumbai: The 30-share bellwether BSE Sensex gained 55 points on Thursday ahead of Wholesale Price Index (WPI)-based inflation data.

At 09.19am, the Sensex was trading up 0.21%, or 55.14 points, at 25,974.09 points, while the National Stock Exchange’s (NSE’s) broader 50-share Nifty was trading up 0.05%, or 3.75 points, at 7,743.30 points.

Even a weak rupee have not been able to save technology stocks from sharp selling in trade today. Shares of Infosys , TCS , Wipro , HCL Tech and Tech Mahindra fell 2-3 percent intraday on Wednesday as Cognizant’s lowering its guidance sparked fears about a growth slowdown of the entire sector.

The Nasdaq-listed IT firm slashed its growth guidance for the full year from 16.5 percent to 14 percent. Higher IT spending in North America and Europe helped the company clock 16.5 percent rise in quarterly revenue and net income rose to USD 371.9 million from USD 300.4 million, a year ago.

Last week, Tata Consultancy Services (TCS) crossed the Rs 5 lakh crore market capitalisation mark. So, is this the time to buy into this technology fairy-tale story, or should one wait for a correction? Market experts seem positive on the stock. Of the last 20 expert views on the stock this month, nine have given a 'buy' rating, four say 'prefer', 'hold or 'stay invested' and three say 'accumulate'. Two others gave the stock a 'neutral' rating and one said 'reduce'. Many of these reports came out after the company announced its earnings.

India’s largest IT services exporter, Tata Consultancy Services (TCS), is now worth more than Rs 5 lakh crore. It is bigger than the next four biggest Indian IT companies put together. Even with its huge base, TCS continues to generate healthy revenue growth sequentially. In fact, among the top three companies—the other two being Infosys and Wipro—TCS was the only one which grew revenues sequentially (2.6%) during the June quarter of the current fiscal and also had the highest growth rate on an annual basis (23%).

Tata Consultancy Services (TCS) is tapping the markets to raise Rs 4,000 crore through a commercial paper programme.

ICRA has assigned an A1+ rating to the programme. It said, “The long-term outlook on the rating is stable.

Tata Consultancy Services Ltd’s (TCS) Rs.5 trillion market capitalization isn’t a merely milestone. It sends some other important signals as well. TCS’s market cap is now greater than the combined market capitalization of the next four biggest Indian information technology (IT) companies—Infosys Ltd, Wipro Ltd, HCL Technologies Ltd and Tech Mahindra Ltd.

Some of these companies have ceased to be the real competition for TCS and this is reflected in the value investors have assigned to these companies on a relative basis. But what about firms such as Accenture Plc and Cognizant Technology Solutions Corp., which are closer to home in terms of size of operations and growth respectively?

Tata Consultancy Services (TCS) on Wednesday became the first Indian company to exceed Rs 5 lakh crore in market capitalisation. The company's share price touched a 52-week high of Rs 2,580.60, taking its market cap to Rs 5.6 lakh crore ($86.5 billion, at 60 a dollar).

This is more than the combined market cap of rival information technology companies Infosys (Rs 1,92,198 crore), Wipro (Rs 1,40,481 crore) and HCL Technologies (Rs 1,07,878 crore). TCS is also ahead of global competitors like Accenture and is within striking distance of SAP's $100 billion, though it is far behind IBM's $193.70 billion.

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