|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||2,996.05 - 3,100.00|
|52-week range||2,255.00 - 3,254.80|
|PE ratio (TTM)||23.36|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
India’s software services industry expects growth of as much as 9 percent in fiscal 2019 as Tata Consultancy Services Ltd. and its peers strengthen automation and adapt to the rapid onset of digital technologies....
Mumbai, Jan 16 (IANS) Indian IT major Tata Consultancy Services (TCS) on Tuesday said it had won a $690 million (Rs 4,416 crore) new deal from M&G Prudential, the savings and investment arm of the London-based Prudential Plc. "The 10-year deal envisages digital transformation of M&G business for enhanced service to its British savings and retirement customers with 4 million policies," the software major said in a statement here. As part of the deal, the administration of four million life and pensions contracts will move from M&G to TCS, a market leader in British life and pension management with 17 million policies on its digital platform, TCS BaNCS.
New Delhi, Jan 16 (IANS) Tata Consultancy Services on Tuesday announced the launch of "HOBS" (Hosted OSS/BSS) -- a new platform for digital enterprises on Microsoft Azure. The Cloud ready TCS ...
New Delhi, Jan 12 (IANS) In its biggest deal to date, Tata Consultancy Services Ltd (TCS) on Friday signed a multi-year agreement worth more than $2 billion with the US-based insurance company Transamerica to digitally transform its life and annuities business. The partnership enables Transamerica -- a leading provider of life insurance, retirement and investment solutions -- to enhance its digital capabilities, simplify the service of more than 10 million policies into a single integrated modern platform and drive greater sustainable growth opportunities through better customer experiences. "The multi-year agreement is worth more than $2 billion in revenues, the largest contract signed by TCS to date," the company said in a statement.
MUMBAI/BENGALURU (Reuters) - Tata Consultancy Services (TCS) Ltd, India's top IT services firm, said its insurance services business would soon post faster growth thanks to higher client spending but remained cautious on a turnaround in its key banking segment. Western banking, financial services and insurance sector (BFSI) clients make up TCS' biggest revenue stream but their low spending on technology has led to sluggish growth in the segment. BFSI revenue dipped 0.4 percent as the company reported a 3.6 percent fall in net profit to 65.31 billion rupees ($1.03 billion) in the quarter to Dec. 31.
Mumbai, Jan 11 (IANS) IT bellwether Tata Consultancy Services (TCS) on Thursday declared again a whopping 700 per cent dividend (Rs 7 per share of Re 1 face value) for the third quarter of fiscal 2017-18. ...
Britain's Marks & Spencer has appointed Tata Consultancy Services (TCS) as its technology partner and is targeting annual efficiency savings of about 30 million pounds ($40.5 million) in the area by 2021-22. M&S said on Tuesday implementing a new technology programme, which involves TCS taking on core supplier services and management of specialist suppliers, would incur a one-off cost to implement of 25 million pounds. M&S said the technology changes will involve about 250 existing M&S roles transferring to TCS roles.
Bengaluru, Nov 15 (IANS) Global manufacturer Rolls-Royce plc on Wednesday tied up with Indian IT bellwether Tata Consultancy Services (TCS) to accelerate its digital transformation for adding value to its customers in diverse industry verticals. "As part of the tie-up, TCS will provide digital platform capability and enable us to capture, share and analyse data from our operations to develop new product and services for our global customers," Rolls-Royce Chief Digital Officer Neil Crockett told reporters here.
Thane, Nov 8 (IANS) Maharashtra Chief Minister Devendra Fadnavis on Wednesday inaugurated a sprawling new campus of IT services major Tata Consultancy Services (TCS) here which would have a capacity for 30,000 employees when fully operational. To be developed in two phases, the state-of-the-art TCS Olympus Centre is the latest addition to the company's unique global network of software development and delivery centres. TCS CEO and Managing Director Rajesh Gopinathan said the new next-gen workplace provided Collaborative Agile workspaces, Software-Defined Network, Security Operations Centre and a Cloud-enabled infrastructure.
India's top IT services firm Tata Consultancy Services Ltd said it expected an uptick in the retail business segment in the coming quarters but remained cautious about the banking and financial services ...
As India’s Tata Consultancy Services Ltd. is squeezed by the Trump administration to reduce the use of overseas workers for U.S. jobs, the information technology outsourcing giant is also fighting claims ...
India's top software services exporter Tata Consultancy Services Ltd (TCS) said on Sunday a U.S. jury had more than halved to $420 million the damages it has to pay to medical software company Epic Systems in a trade secrets lawsuit. In April 2016, the jury in Wisconsin found TCS guilty of illegally accessing Epic Systems' data when working for a common client and awarded Epic Systems $940 million in damages. TCS, which denied any wrongdoing, said it would continue to contest the order.
Lloyds Banking Group on Tuesday told about 1,000 staff in its insurance division that they will be moving to Diligenta, a subsidiary of India's Tata Consultancy Services , in a move criticised by trade union Unite. Unite said that the staff at Scottish Widows and Clerical Medical in Edinburgh and Bristol will be transferred to the new company. "The bank's 'sale' of its committed Scottish Widows and Clerical Medical staff represents contempt for long serving and skilled employees," Rob MacGregor, a Unite national officer, said in a statement.
Mumbai, Sep 4 (IANS) IT major Tata Consultancy Services (TCS) on Monday said that Ishaat Hussain has retired as a Director of the company. "We would like to inform... Ishaat Hussain has ceased to be a Director of the company with effect from September 3, 2017, as per the retirement age policy for Directors of the company," the company informed the BSE in a regulatory filing.
India's salt-to-software Tata Group is considering a plan to streamline its technology and infrastructure businesses, Bloomberg reported on Wednesday, citing people with knowledge of the matter. The restructuring plan would involve moving several of its technology businesses under Tata Consultancy Services Ltd, the country's top software services exporter, the report said (https://bloom.bg/2viSOUB). Tata Group has not made a final decision about which companies would be folded under TCS, the report added.
Mumbai, July 17 (IANS) The market capitalisation (m-cap) of industrialist Mukesh Ambani-led Reliance Industries (RIL) crossed the Rs 500,000 crore-mark for the first time on Monday. According to market observers, RIL became only the second company after Tata Group's multinational IT firm Tata Consultancy Services (TCS) to cross the Rs 5 lakh crore mark in terms of m-cap. On Monday, RIL's m-cap closed at Rs 504,458.09 crore, as the company's shares on the BSE gained 1.33 per cent or Rs 20.30 to Rs 1,551.35 from its previous close at Rs 1,531.05.
India's top IT services company Tata Consultancy Services Ltd (TCS) is moving to capitalize on growth opportunities in areas such as life sciences and manufacturing, Chief Executive Rajesh Gopinathan said on Friday. With IT spending in the core banking, financial services and insurance (BFSI) segment subdued in the United States - the largest market for India's more than $150 billion software services sector - companies are looking at different sectors and a wider range of service offerings to drive revenue growth. Gopinathan said in an interview with Reuters that technology was playing a growing role in not just the manufacturing process, but also in products, allowing companies such as TCS to target non-traditional sectors more than they did in the past.
Mumbai, July 13 (IANS) Tata Consultancy Services (TCS) posted net profit of Rs 5,945 crore for the first quarter of the current fiscal, registering a decline of 5.9 per cent from Rs 6,608 crore in the previous quarter of the last fiscal, said the IT bellwether on Thursday. In a regulatory filing on the BSE after trading on the bourses, the software major said revenue for the quarter under review (Q1), however, remained flat sequentially (0.2 per cent) at Rs 29,584 crore as against Rs 29,642 crore in the last quarter but up one per cent year-on-year (YoY) from Rs 29,305 crore in same period year ago. Under the International Financial Regulatory Standard (IFRS) or in dollar terms too, net income declined seven per cent sequentially to $924 million in the quarter under review (Q1) from $994 million quarter ago and 1.8 per cent from $940 million year ago.
MUMBAI/BENGALURU (Reuters) - Top Indian software services exporter Tata Consultancy Services (TCS) said on Thursday it was optimistic about client spending on technology even as a cautious global environment and a stronger rupee dented first-quarter profit. TCS, part of the salt-to-software Tata Sons conglomerate, reported consolidated net profit for the three months to June 30 fell nearly 6 percent from a year earlier to 59.5 billion rupees ($923.2 million). Analysts on average had expected 61.81 billion rupees.
Mumbai, July 13 (IANS) Tata Sons on Thursday announced the appointment of Aarthi Subramanian as the Tata Groups Chief Digital Officer. According to the company, Subramanian, in her new role, will report ...
Mumbai, June 12 (IANS) In a bid to address the rapidly-evolving digital transformation requirements in global markets including in India, Tata Consultancy Services (TCS) on Monday announced a new collaboration with Intel Corporation to build a "future-ready reference architecture" for enterprises. The collaboration will help firms adopt new-age technologies like Internet of Things (IoT), Cloud, network, 5G, artificial intelligence and data centre infrastructure management.
Mumbai, June 8 (IANS) Global software major Tata Consultancy Services (TCS) on Thursday launched "BaNCS App Development Kit" (ADK) that will enable banks to fast design and build their own apps and deploy it across devices and desktops seamlessly. "BaNCS ADK" will help banks to design and deploy both enterprise and consumer apps in a hybrid architecture, adopting modern principles of responsive web design. "The vision for 'BaNCS ADK' is to transfer flexibility and speed of development to the Bank, leveraging a library of business aware financial widgets and components," said Sathish Vallat, Head of TCS BaNCS Digital, in a statement.
Mumbai, May 18 (IANS) Tata Consultancy Services Ltd (TCS) on Thursday commenced the buyback of its 5.6 crore shares for Rs 16,000 crore at Rs 2,850 per equity share of Re 1 face value, the global software ...
Mumbai, May 15 (IANS) IT major Tata Consultancy Services (TCS) on Monday said it will commence its Rs 16,000 crore share buy back program from Thursday. The company said that it will start the process after securities markets regulator Sebi gave its approval to the share buy back plan. According to a regulatory filing with BSE, the IT major through letter dated May 12, 2017 has received the final observations from Sebi on the draft letter of offer for the buy back dated April 25, 2017.
Mumbai, April 24 (IANS) Industrialist Mukesh Ambani-led Reliance Industries (RIL) on Monday regained its position as the most valued company of the country in terms of market capitalisation (m-cap) after a gap of four years. The company's shares on the BSE closed higher by 1.19 per cent or Rs 16.65 to Rs 1,416.40 from its previous close at Rs 1,399.75. This lifted RIL's m-cap to Rs 4,60,518.80 crore.