Page 19 - Tcs

Market Ahead, July 6: Top factors that could guide markets this week

At 7:10 AM, SGX Nifty was trading more than 50 points higher at around 10,630 levels, indicating a higher opening for the Sensex and Nifty today

Amid global crisis, Moody's rates TCS, Infosys, RIL above the sovereign

Moody's Investors Service has rated Tata Consultancy Services, Infosys and Reliance Industries above the sovereign for their strong financials and significant global earnings

IT shares extend gain; Infosys rallies 9%, TCS surges 7% in one week

TCS on Tuesday said its board will meet on July 9 to approve the financial results for the June quarter.

BS READS: What Rs 50,000-crore MSME Fund can learn from its start-up sister

The Rs 50,000-crore MSME fund of funds has an uphill task ahead, but there's plenty it can learn from problems with the Rs 10,000 crore start-up fund of funds launched five years ago

Trump's temporary ban on immigration visas leaves tech industry miffed

The US press reported that the Trump administration is also weighing several additional changes to legal immigration via regulation

Commercial realty will see lower rents, emergence of new tenants this year

There are reports of large tech firms looking at downsizing office space

Indian IT firms strengthen Cloud practice as digital adoption picks up

Companies are tying up with Cloud platform firms, ramping up internal team of specialists

The corona deals

The pandemic will hurry the closure of brands and businesses that would have gone into gradual decline. Wait then for more deals to be announced in media and entertainment

Seven of top 10 companies add Rs 1.76 trillion in m-cap; HDFC Bank shines

RIL, HUL, HDFC, ITC, Kotak Mahindra Bank and ICICI Bank were the other winners in the top-10 list

Sebi warns TCS over disclosure of material information to investors

Sebi has also asked the company to ensure that disclosures provide adequate, accurate, explicit and timely information to the investors

Rising bankruptcies among global retailers to hurt Indian IT firms

Retail majors JC Penney, Neiman Marcus and Aldo Group collectively owe $8.7 million to TCS, say bankruptcy filings

At home in a coronavirus world: IT companies manage change and disruption

India's biggest IT firms moved swiftly when a lockdown became imminent in March. How prepared are they to deal with the challenge of clients reducing spending on technology or asking for discounts?

How customer support agents are learning the ropes of work from home

Anantha Radhakrishnan, CEO and MD of Infosys BPM, sees in this disruption an opportunity to digitise the entire value chain

Job cuts in IT sector likely if biz climate doesn't improve soon: Nasscom

Many of the industry's clients closed their set-ups globally as part of containment measures to check coronavirus. Travel and hospitality, aviation, retail, auto and manufacturing hit the hardest

The AGM: Obituary of a unique Dalal Street tradition

These shareholder-led AGMs are a throwback to the pre-reforms era when the annual meetings served to engage and reassure shareholders and often hit them up for more capital

IT firms seek higher volume of work from clients amid price discount demand

Higher volume may offset losses from delayed payment in short-term; travel & hospitality, auto cliebts make max requests for delayed payment; Large IT firms likely to gain most from price war

TCS top management takes pay cut in FY20 to conserve cash amid Covid-19

Pay package of CEO Rajesh Gopinathan fell 16% in last fiscal

Covid-related disclosures by Indian companies

While filing their financial results for FY20, corporations should adequately address the Covid-19 related concern and its impact on asset quality

L&T Infotech's consolidated net profit rises 13% YoY to Rs 427.5 cr in Q4

Revenue of the Mumbai-headquartered IT services firm rose 21.2 per cent year-on-year to Rs 3,011.9 crore during this period.

TDS rate cut by 25%; period for tax returns extended in Rs 20-trn stimulus

Sitharaman further said the income tax department will fast track processing of pending refunds to charitable trusts, LLPs, non-corporate businesses and proprietorship firms, among others