Page 16 - Tcs

MARKET WRAP: Indices rise for 6th day; Sensex up 304 pts, reclaims 40K

All that happened in the markets today

BSE IT index zooms over 1000 points; Mindtree, L&T Infotech rally 11%

At 11:32 am, the S&P BSE IT index, the top gainer among sectoral indices, was up 1,003 points or 4.7 per cent at 22,233 points, as compared to 1.4 per cent rise in the S&P BSE Sensex

TCS surges 5%, hits new high on healthy Q2 results, Rs 16,000 crore buyback

The TCS board has approved a buyback amounting to Rs 16,000 crore; to buy back 53.3 million shares at Rs 3,000 apiece

TCS to roll out salary hikes for all employees, effective October 1

Quantum of raise being worked out as firm becomes the first in IT space to announce pay increase

Wipro to consider share buyback proposal, decision on 13 Oct board meeting

Wipro is the second mega Indian IT services firm to consider a buyback programme after market leader TCS

TCS Q2 PAT down 7% YoY at Rs 7,475 cr; announces Rs 16,000 crore buyback

The company's revenue came in at Rs 40,135 crore, up 2.9 per cent YoY and 4.7 per cent on a quarter-on-quarter (QoQ) basis.

MARKET WRAP: Sensex rises for 5th day, ends 304 pts higher; Titan gains 4%

All that happened in the markets today

TCS makes buyback buzz but other Indian IT firms unlikely to follow suit

Buyback tax provision and steep valuations may deter companies still playing safe in the coronavirus pandemic, say analysts

TCS Q2 preview: Ebit margin to see sharp expansion; buyback details eyed

According to analysts, the IT sector witnessed a good pick-up in demand for digital solutions resulting in improvement in the growth outlook for most of the companies.

TCS iON opens National Qualifier Test to corporates for job opportunities

The NQT will be conducted every quarter and the score will be valid for two years

Top headlines: TCS crosses Rs 10 trn m-cap; GST deadlock continues

From deadlock over GST compensation dominating council meeting to DoT looking for more spectrum to meet 5G demand, here are top headlines this morning

TCS buyback to boost cash utilisation, return on equity by 150-200 bps

Near term price trajectory depends on buyback premium, Q2 show

TCS to make Rs 1,218 cr provision for claims in Epic Systems case

In a seperate filing, TCS also informed that it will also consider share buyback proposal during its board meet to accept second-quarter results on Wednesday

TCS second firm in India after RIL to cross Rs 10-trn market capitalisation

Tata Group crown jewel's valuation highest in 15 years

IT Q2 preview: Strong deal flow, traction in digital tech to drive earnings

According to ICICI Securities, Tier-1 IT companies will see revenue growth in the range of 1- 3.5 per cent in constant currency terms on a sequential basis.

TCS m-cap at Rs 10 trn, Wipro at 20-yr high; analysts see more gains ahead

At the bourses, the Nifty IT index hit a record high of 20,748 in intra-day trade on Monday, up 2.8 per cent at 20,677. In comparison, the Nifty50 index gained 1.2 per cent on the NSE

TCS rallies 5%, hits a fresh record high on share buyback plan

The board will meet on Wednesday, October 7, 2020 to consider share buyback proposal.

Tata Consultancy Services to consider share buyback on Wednesday

TCS will be considering a buyback of shares of the company at a board meeting to be held on October 7

Large firms maintaining digital transformation budgets amid Covid: TCS

Prior to the pandemic, the average organisation surveyed had only 9 per cent of its workforce working mostly from home

IT Dept issues guidelines for applicability of TCS provision from Oct 1

The CBDT said the new introduced TCS provisions would not apply to transactions in securities and commodities which are traded through recognized stock exchanges