[ad_1] After a day of respite on Wednesday (April 9), the Nifty 50 index resumed its downward trajectory but held on to levels of 22,400. The market closed in the red but off lows. The index ended 137 points lower at 22,399 on the Nifty weekly derivative expiry session. Despite the overall decline, intraday movement […]
TCS Q4 Results: Net profit and revenue below estimates; deal wins at record $12.2 bn – CNBC TV18
[ad_1] Tata Group IT services provider Tata Consultancy Services Ltd.(TCS) reported its March quarter results that were lower than Street estimates on most fronts. TCS posted revenue of ₹64,479 crore, which is a growth of 0.8%, in comparison to ₹63,973 crore in the December quarter. A CNBC-TV18 poll had projected the revenue in rupee terms […]
LTIMindtree shares downgraded by Goldman Sachs, price targets cut for TCS, Infosys – CNBC TV18
[ad_1] Global brokerage firm Goldman Sachs has downgraded LTIMindtree to ‘Neutral’ and cut its price target to ₹4,500 from ₹6,570 earlier. The brokerage has maintained its ‘Buy’ rating on TCS but lowered the price target to ₹4,230 from ₹4,550. Similarly, it has kept its ‘Buy’ rating on Infosys while reducing the price target to ₹1,790 […]
TCS extends partnership with Norway’s DNB Bank for five years – CNBC TV18
[ad_1] Tata Consultancy Services (TCS) has extended its partnership with Norway’s largest financial services group, DNB Bank ASA, for another five years. Under the renewed agreement, the Mumbai-based IT major will continue as the Norwegian bank’s strategic partner, supporting its digital modernisation drive while improving cost efficiency. TCS will leverage next-generation technologies to enhance DNB’s […]
Buy or Sell TCS? Which way are analysts headed post Q3? – CNBC TV18
[ad_1] Majority of the analysts who have coverage on Tata Consultancy Services Ltd. (TCS), continue to maintain their “buy: or bullish stance on the stock post its December quarter earnings. In fact, CLSA has even upgraded the stock. Company Value Change %Change Consensus currently implies a potential upside of 12.3% from current levels for shares […]
TCS acquires two Tata Realty & Infrastructure subsidiaries for ₹1,625 crore – CNBC TV18
[ad_1] Tata Consultancy Services (TCS) has agreed to acquire two wholly owned subsidiaries of Tata Realty and Infrastructure Limited—TRIL Bengaluru Real Estate Five Limited and TRIL Bengaluru Real Estate Six Limited—for ₹1,625 crore. Company Value Change %Change The acquisition, comprising optionally redeemable convertible debentures and 100% equity shares, will aid TCS’s delivery centre expansion. The […]
TCS invests $8.7 in a Brazil pact hoping to find new customers in South America – CNBC TV18
[ad_1] Tata Consultancy Services on Wednesday, October 30 said it has signed a 10-year strategic partnership with Brazil-based Insper. The pact includes an investment of 50 million Brazilian Real (about $8.7 million) by the India’s biggest software maker. Insper is a leading higher education and research institution in Brazil. TCS will support its Brazilian partner […]
Marketbuzz Podcast with Kanishka Sarkar: Market likely to start lower, TCS, IREDA in focus – CNBC TV18
[ad_1] Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of October 11 -On a day when every single Indian mourned the demise of Tata Sons’ Chairman Emeritus Ratan Tata, Dalal Street only found it appropriate to remain in snooze mode and not have any big […]
IT stocks LTIMindtree, Wipro, Infosys top gainers on Nifty 50 post Accenture results – CNBC TV18
[ad_1] Shares of Indian IT services providers LTIMindtree Ltd., Wipro Ltd., Infosys Ltd., and Tech Mahindra Ltd. opened with gains on Friday (September 27) and are the top gainers on the Nifty 50 index after Accenture reported its fourth quarter results. Accenture closed the fourth quarter with better-than-expected numbers. The company’s forecast for growth between […]
TCS expands partnership with Google Cloud to launch AI-powered cybersecurity solutions – CNBC TV18
[ad_1] Tata Consultancy Services on Tuesday, September 3, said it has expanded its partnership with Google Cloud to launch AI-powered cybersecurity solutions to deal with advanced threats. The two cybersecurity solutions are TCS Managed Detection and Response (MDR) solution is powered by Google Security Operations and the TCS Secure Cloud Foundation. The MDR solution is […]