Page 24 - Tcs

Top 10 biz headlines: Suitors for RCom assets grow, FPI norms eased & more

From Anil Agarwal and Mukesh Ambani joining the suitors' list for acquiring RCom assets to Sebi easing the process for onboarding overseas investors, here are the top business headlines for Thursday

HCL Tech, TCS in fray to clinch $100-mn IT outsourcing deal from Fonterra

Fonterra is New Zealand's largest firm with an annual revenue of more than NZ 20 billion

IT companies fume over double taxation avoidance treaty with Australia

India is the leading sourcing destination across the world, accounting for approximately 55 per cent market share of the $185-190 billion global services sourcing business in 2017-18

Tata Sons' FY19 net rises 30% to Rs 1,144 crore on TCS share buyback

In the financial year 2017-18, Tata Sons had sold TCS shares worth Rs 9,000 crore in the open market, which had resulted in higher other income

Amid talent battle, global uncertainty, top 5 IT firms hire 57% more in Q1

Analysts say that the challenging phase for the IT sector might now be over; companies could grow on a quarter-on-quarter basis

Scarcity of talent likely to hit IT companies' forecasts for FY20

Indian IT services firms such as TCS and Infosys have announced a record number of deal closures in the past couple of quarters

TCS iON launches Skill Hub to provide industry-relevant digital content

Platform will bring credibility and transparency to skills assessment, says firm's global head

TCS, Infosys, 14 other Indian firms say climate change will impact business

Infosys and TCS expressed concern over their workforce and operations being affected due to climate change and the changes in the availability of natural resources like water in regions

Nine of top 10 cos lose Rs 88,609 crore in m-cap; HDFC, TCS suffer the most

In the ranking of top-10 firms, RIL was placed at the number one position, followed by TCS, HDFC Bank, HDFC, HUL, ITC, SBI, Infosys, Kotak Mahindra Bank and ICICI Bank

Brokerages turn less bullish on TCS after company misses revenue forecasts

The number of 'buy' ratings for the stock has reduced from 27 to 23, while 'sell' calls have increased from 7 to 9

We're working on efficiency measures to boost margins, says TCS COO

We are working with top airlines globally, he said

Now, IT major TCS to hire for campus placements round the year

The campus placements process usually starts in July-August but is likely to start earlier this year

Should you buy TCS post its June quarter numbers? Brokerages remain mixed

TCS reported steady numbers for the quarter under review; however, the company's revenue in dollar terms missed the Street estimates while a stronger rupee ate into its operating margins.

TCS Q1 net profit rises 10.8% to Rs 8,131 crore; revenue up 11.4%

The company's revenue in dollar terms missed the street estimates while a stronger rupee ate into its operating margins

Reliance Industries races past TCS to become most valued firm by m-cap

Shares of RIL settled at Rs 1,279.45, up 2.20 per cent on the BSE. Intra-day, it rose 2.55 per cent to Rs 1,283.85

Public shareholding rule to bring additional Rs 57,000 crore to Tata Sons

Holding company will need to reduce its stake in TCS from 72% to 65%

TCS wins deal to digitise daily operations of India's aviation regulator

TCS bags prestigious government project after running passport services and helping in MNREGA.

TCS all set to start a major centre in Patna, says Ravi Shankar Prasad

The move will attract other IT companies to set up their centers in the state

TCS spend on employees is justified: Tata Sons chairman N Chandrasekaran

Chandrasekaran said sometimes specialist skills don't depend on the qualifications but on the employee's experience

TCS to set up RBI's centralised info and management system for Rs 310 cr

IT major Tata Consultancy Services will implement Reserve Bank's a centralised information and management system (CIMS) for seamless data collection and validations at a cost of Rs 310.52 crore. TCS pipped other IT majors like IBM India, Infosys, Larsen & Toubro Infotech to get the key project of the central bank. The project has to be completed within a year of the commencement of the contract with the RBI. The RBI had invited of expression of interest (EOI) in July 2018 for identification of solution provider for implementation of CIMS by overhauling the data warehouse (DW) of the apex bank. The CIMS will comprise of DW and Data Lake (DL) which would include, seamless data collection from regulated entities by creating system-to-system interface; system driven data validation and data review; flexible and scalable data repository and providing data dissemination platform. The CIMS would also include centralised analytics platform to facilitate creation of RBI Data Sciences ...