Page 20 - Tcs

Blue chips see cuts in target prices; half of Nifty sees cuts of over 15%

According to data from Bloomberg, banks have seen among the sharpest cuts in target prices -- between 16 and 60 per cent.

The pandemic pivot to low-touch business

There are sectors that are looking beyond the pandemic to pivot from being a high-touch business to a low-touch one

Techies boning up on new techs to deal with future challenges in job market

With experts forecasting a tight job market in the Covid-19 world, mid-career techies are signing up for professional certification e-learning courses to pick up additional skills

Tech Mahindra Q4 net falls 29%; recommends final dividend of Rs 5/share

The Pune-headquartered company reported Rs 804 crore in consolidated net profit for the March quarter (Q4FY20), a decline of 29.1 per cent on year-on-year (YoY) basis

Employee count shows Indian IT biggies hired fewer people in March quarter

TCS showed marginal rise in their employee count, as Infosys and Wipro witnessed drop in their staff base on sequential basis

Indices keep rising on stimulus package hopes; IT, bank stocks spurt

The Sensex surged 483.53 points or 1.54% to close at 31,863.08, a six-week high. The Nifty advanced 126.60 points, or 1.38%, to settle at 9,313.90

Covid makes it harder to estimate short-term earnings, says analyst

The uncertainty stemming from the virus and countries' efforts to contain it have made it harder to estimate short-term earnings

Indian IT firms set to defer annual wage hike plans, but say 'no layoffs'

TCS and Wipro have already said they will hold back increments; other companies are likely to follow suit.

Market Ahead, April 17: Top Factors That Could Guide Markets Today

RBI Governor Shaktikanta Das' media address at 10 am will remain a big focus today for investors who will also digest reports of an imminent second stimulus package

Coronavirus impact: TCS not to retrench employees, freezes salary hikes

The company reported a healthy profit jump for the March quarter, but hinted at very difficult time in the first two quarters of the current fiscal due to COVID-19 crisis, including a revenue contract

Mutual Funds play it safe on equity bets amid market volatility

According to the data collated by Edelweiss, Reliance Industries was on top of mutual funds' buying list

Market Ahead, April 13: Top factors that could guide markets this week

HDFC will be in focus in today's session after the People's Bank of China increased its stake in the lending major to 1.01 per cent

Wipro to kick-start IT earnings season on April 15 with Q4 results

TCS will hold its board meet the next day (April 16) for approval of its financial statements

Coronavirus impact: Revenues of IT companies may take a big hit in FY21

Dollar revenues likely to fall by up to 300 bps

Build to last

In the second part of a series, the author notes down some lessons for start-ups

Market Ahead, March 26: All You Need To Know Before The Opening Bell

According to reports, the government is likely to agree a stimulus package of more than Rs 1.5 trillion to fight a downturn caused by the coronavirus lockdown

Top stock picks by CapitalVia Global Research: Buy TCS, Hindustan Unilever

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

Remain optimistic about future despite uncertainty due to virus: TCS CEO

TCS has taken proactive measures such as travel restrictions, cancellation of events and large internal meetings, safe working environments and processes that have helped minimise the impact.

Coronavirus fear: Biz disruption will outweigh currency gain, say analysts

The rupee declined 0.3 per cent on Friday to hit an all-time low of Rs 75.20 against the dollar

Coronavirus spread: IT services companies likely to go slow on hiring

Among IT firms, market leader Tata Consultancy Services (TCS) has added around 30,000 fresh graduates in this financial year