The market capitalisation of Infosys declined Rs 37,579.03 crore to Rs 5,76,275.68 crore.
Employee exits could well impact their double-digit growth plans. Going by the commentary the top three IT services will hire over 75,000 campus freshers for FY22
Will also pay Tata Teleservices AGR dues
IT players have preferred to enter consulting through acquisition, but TCS will build this organically
The IT services major on Monday posted Q4 numbers largely in line with or above analysts' estimates
The Nifty Bank, Private Bank, Financial Services, Metal, and Realty indices gained between 3 per cent and 4 per cent.
Analysts at ICICI Securities, for instance, have downgraded TCS' stock from 'Add' to 'Hold' while Kotak Securities maintains 'Reduce'
Shares of Tata Consultancy Services declined over 4 per cent in morning trade on Tuesday as the company's March quarter earnings failed to cheer investors
The board of Muthoot Finance approved payment of an interim dividend of Rs 20 per equity share
Sebi imposed a penalty of Rs 25 crore on Yes Bank in the matter of misselling the lender's AT-1 bonds few years ago
From TCS Q4 net profit jumping 15% to Rs 9,246 crore to Flipkart partnering with Adani group to boost supply chain infrastructure, here are top headlines this morning
The biggest takeaway from the Q4 numbers was the order book at $9.2 billion, the highest ever reported by TCS in a quarter since the company started reporting this metric
Tata Sons likely to net nearly Rs 22,000 crore from its crown jewel for the past financial year
'We are making good progress in gaining share in the growth and transformation opportunity,' says CEO Rajesh Gopinathan
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The company also announced a final dividend of Rs 15 per equity share of Re 1 face value
Broader markets, on the other hand, faced an even severe blow with the S&P BSE MidCap and SmallCap indices dropping 5 per cent each
Trends in client budget, vertical wise trends, growth in digital technologies, margin trajectory, deal pipeline and long term IT trend will be among the key things to watch in Q4 results of TCS
If the Nifty IT index manages to sustain above 27,200 levels, the upside bias may see a rally towards 27,800-mark in the upcoming sessions
Shakti Pumps (India) on Sunday said it is planning business expansion next year as the company eyes a bigger share in the Centre's PM-KUSUM scheme of solar water pumps