Page 3 - Tcs

TCS concludes Rs 18,000-cr buyback; Tata Sons could rake in Rs 13k cr

Over 301 million shares tendered in buyback-8.5 times the company intended to repurchase. Attractive buyback price lured investors into tendering their shares, say experts

Top headlines: HDFC approves Rs 2-trn loans; I-T raids Hero Moto premises

Business Standard brings you the top headlines on Wednesday

TCS Rs 18,000 cr buyback subscribed 7.5x, with 300 mn shares tendered

Acceptance ratio is lower than previous buybacks done by the firm

Sensex falls 305 pts, Nifty gives up 17,250; Paytm slides 4%, HDFC 2%

CLOSING BELL: HDFC, Bharti Airtel, Cipla, Britannia, Sun Pharma, Maruti, and Bajaj Auto were the major drags today

Stocks to Watch: Infosys, TCS, Zomato, SBI, GMR Power, Zee, Karnataka Bank

Post demerger, GMR Power and Urban Infra, the non-airport business company of the GMR Group, will start trading on BSE and NSE from Wednesday onwards.

TCS Rs 18,000 crore buyback subscribed 5.5 times a day before close

Tata group flagship firm is buying back 40 mn shares, or 1.08% of its equity at Rs 4,500 a share. That's a premium of over 21% to CMP

TCS ready to roll out 5G network for telecom operator anyday

IT major TCS is ready to put in place 5G network for any telecom operator across the globe on any given day and the company is working in India on a country-specific gears for the network, a senior company official said. TCS head for Communication, Media & Information Services Kamal Bhadada told PTI that the company is already helping telecom operators across the globe in managing their networks, swapping equipment and technology providers. When asked about the readiness of TCS to roll-out 5G network for telecom customers, Bhadada said, "TCS can stitch it today. TCS is doing it today. So it's not about whether TCS is ready or not. TCS is ready. What we are working for in India is India-specific stack," Bhadada said. BSNL is working with TCS and C-DoT to roll-out an indigenously developed 5G-enabled 4G network. The government expects the BSNL 4G network to be launched by August 15. Bhadada said TCS is a system integrator and it builds networks of telecom operators based on their ..

TCS' Rs 18,000 cr share buyback subscribed 4.5 times a day before close

According to an analysis done by Edelweiss Alternative Research, the acceptance ratio of TCS share buyback for retail investors could be 14.3 per cent

TCS re-appoints Rajesh Gopinathan as MD and CEO for five years

Under Gopinathan's leadership, TCS says it strengthened its position with the revenues increasing from $17.6 bn in financial year ended Mar 31, 2017 to $22.2 bn in financial year ended Mar 31, 2021

TCS bags multi-year contract from Australia's Western Power

Under the multi-year partnership, TCS has been selected as the primary systems integrator across multiple domains including asset management and network operations

TCS to power NSE IFSC-SGX Connect at Gift City, phase-1 goes live in April

Once the Gift Connect gets operational, SGX investors dealing in Nifty contracts will have to carry out their investment at NSE IFSC

S'pore Exchange selects TCS as strategic partner for NSE IFCS-SGX Connect

SGX selected TCS BaNCS for its multi-broker, low latency capabilities, to serve as the end-to-end solution for its trading, clearing, settlement and risk management ops

Tata Consultancy Services' $50-billion goal below its growth standards

To reach its targeted revenue of $50 billion by the end of 2029-30, the company will need to grow at a CAGR of 8.9 per cent over the next eight years to achieve that goal

Investors rush for TCS buyback: Should you join the bandwagon?

The ongoing buyback of TCS stocks has seen record participation. Retail investors have tendered up to 1.9 million shares. What's driving investors towards the IT giant's buyback drive?

TCS' Rs 18,000-crore buyback opens today; should investors tender shares?

The mega Rs 18,000-crore buyback by IT giant Tata Consultancy Services (TCS) opens today and will run till March 23

TCS plans re-structuring; aims to achieve $50 bn revenue by 2030

TCS is planning to revamp the organisation structure to align with customers more closely, as it aims to achieve USD 50 billion (about Rs 3.89 lakh crore) revenue by 2030

Investors' wealth jumps over Rs 2.51 trillion as stocks rebound

Sun Pharma the biggest gainer among Sensex firms with a jump of 3.99 per cent, followed by TCS, NTPC, Wipro, Tech Mahindra, Dr Reddy's, UltraTech Cement and Infosys

Bucking the trend! Nifty IT jumps 2% owing to weaker Re; TCS, Infosys shine

The IT services companies, who make most of their revenues servicing clients in US tend to benefit from a weaker rupee.

TCS' Rs 18,000-cr share buyback to open on March 9: What you need to know

Tata Consultancy Services (TCS) on Monday said its Rs 18,000 crore share buyback offer will open on March 9 and close on March 23.

TCS elevates Muthuswami as North America chairman, rejigs several key posts

He will take charge from TCS North America chairman Surya Kant, who will retire at the end of the current financial year after a stint of 43 years at the firm