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RIL mcap decreases by Rs 74,000 crore; SBI, TCS, Infosys biggest gainers The Indian stock market witnessed a weak trend in the last week due to heavy selling in the largecaps.  In the last week, the combined market cap of six of the top 10 most valued companies eroded by Rs 1.55 lakh crore. In the top 10, Reliance Industries (RIL), Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever, and Life Insurance Corporation of India (LIC) were losers. Tata Consultancy Services (TCS), HDFC Bank, Infosys, and State Bank of India (SBI) were gainers. The market cap...
RIL mcap decreases by Rs 74,000 crore; SBI, TCS, Infosys biggest gainers
RIL mcap decreases by Rs 74,000 crore; SBI, TCS, Infosys biggest gainers
Source: IANS
2024-11-10 05:47:40 pm
TCS gains on expanding collaboration with NVIDIA to launch industry-specific solutions Tata Consultancy Services is currently trading at Rs. 4082.20, up by 34.05 points or 0.84% from its previous closing of Rs. 4048.15 on the BSE. The scrip opened at Rs. 4069.90 and has touched a high and low of Rs. 4091.75 and Rs. 4034.00 respectively. So far 38114 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4585.90 on 02-Sep-2024 and a 52 week low of Rs. 3313.00 on 01-Nov-2023. Last one week high and low of ...
TCS gains on expanding collaboration with NVIDIA to launch industry-specific solutions
TCS gains on expanding collaboration with NVIDIA to launch industry-specific solutions
Source: Accord Fintech
2024-10-25 11:32:58 am
FPIs selling did not impact Indian stock market much as DIIs come to the rescue  Foreign portfolio investors (FPIs) sold equity worth Rs 58,710 crore (till October 11), but massive selling didn’t have a serious impact on the market, market experts said on Saturday.  According to them, the entire FPI selling has been absorbed by the domestic institutional investors (DIIs) who are receiving sustained fund inflows. The major trend in foreign portfolio flows in October, so far, has been the sustained selling by FPIs. This trend of FII selling and DII bu...
FPIs selling did not impact Indian stock market much as DIIs come to the rescue
FPIs selling did not impact Indian stock market much as DIIs come to the rescue
Source: IANS
2024-10-12 05:35:32 pm
Market Outlook: RBI MPC, Q2 results, IIP data key factors to watch next week The market outlook for next week will depend upon RBI MPC meet, IIP data, and the Q2 earnings season will kick off with key companies like TCS, IREDA Tata Elxsi and DMart among others which will drive stock-specific movements.  The broader market's focus will be on the RBI's Monetary Policy Committee (MPC), which is scheduled to meet from October 7 to 9, with the outcome to be announced on Wednesday, October 9. According to the market experts, "The Reserve Bank of Indi...
Market Outlook: RBI MPC, Q2 results, IIP data key factors to watch next week
Market Outlook: RBI MPC, Q2 results, IIP data key factors to watch next week
Source: IANS
2024-10-06 12:34:43 pm
Nifty crosses 25,000 mark again, just 50 points away from all-time high The National Stock Exchange (NSE) benchmark Nifty extended its gains after opening in the green and hit 25,000 in mid-session on Monday.   It is the eighth-consecutive session when the Nifty is trading with gains. At 1:10 P.M., Nifty was at 25,025, up 201 points or 0.81 per cent and the Sensex was up 671 points or 0.83 per cent at 81,757. The Nifty was just 50 points away from its lifetime high of 25,078. Indian equity indices are following US market gains after Federal Reser...
Nifty crosses 25,000 mark again, just 50 points away from all-time high
Nifty crosses 25,000 mark again, just 50 points away from all-time high
Source: IANS
2024-08-26 01:56:06 pm
Union Budget: Markets bet big on defence, capital goods, electronics manufacturing, tourism As the Centre is set to present the Union Budget 2024-2025 on July 23, stock market experts bet big on four key sectors -- capital goods, defence, electronics system design and manufacturing (ESDM) and Tourism.  The market anticipates a continuation of last year's incentives, maintaining the status quo. A continued focus on infrastructure, including roads, railways, ports, airport expansions, defence, and tourism, is vital. In the past week, Nifty has recorded a slight gain of ...
Union Budget: Markets bet big on defence, capital goods, electronics manufacturing, tourism
Union Budget: Markets bet big on defence, capital goods, electronics manufacturing, tourism
Source: IANS
2024-07-21 11:42:40 am
TCS posts 9 pc jump in Q1, net profit at Rs 12,040 crore Leading IT software services exporter Tata Consultancy Services (TCS) posted a net profit of Rs 12,040 crore for the April-June quarter of the current financial year (2024-25) which represents a 9 per cent increase over the same quarter of 2022-23.   The TCS board also approved an interim dividend of Rs 10 per share for the quarter. The record date for dividend payment is July 20, 2024, and dividends will be paid out on 5 August 2024. The company won some large deals during the fir...
TCS posts 9 pc jump in Q1, net profit at Rs 12,040 crore
TCS posts 9 pc jump in Q1, net profit at Rs 12,040 crore
Source: IANS
2024-07-11 06:25:35 pm
Sensex, Nifty trade higher on positive global cues Indian equity indices opened in the green on Monday following positive global cues. At 9:40 a.m., Sensex was at 79,197, up 165 points or 0.21 per cent and Nifty was at 24,069, up 58 points or 0.22 per cent.  Midcap and smallcap stocks lead the market. The Nifty midcap 100 is up 237 points or 0.43 per cent, at 55,984 and the Nifty smallcap 100 is up 161 points or 0.88 per cent, at 18,478. Among the sectoral indices, Auto, IT, Metal, and Media are major gainers. Realty, PSU Bank and ...
Sensex, Nifty trade higher on positive global cues
Sensex, Nifty trade higher on positive global cues
Source: IANS
2024-07-01 11:42:12 am
Infosys CEO`s compensation rose 17% to $7.9 million in FY 2024  Infosys CEO Salil Parekh's compensation rose 17.3% to 662.4 million rupees ($7.9 million) in fiscal year 2024, making him one of the highest paid Indian IT chiefs currently occupying office. The longest-serving non-founder CEO at the tech firm took home 74.7 million rupees in total fixed pay and 197.5 million rupees in bonuses, incentives and variable pay, the country's No.2 software maker revealed in its annual report on Monday. The compensation also included 390.3 millio...
Infosys CEO`s compensation rose 17% to $7.9 million in FY 2024
Infosys CEO`s compensation rose 17% to $7.9 million in FY 2024
Source: Reuters
2024-06-04 09:23:46 am
Sensex jumps over 400 points, L&T, M&M top gainers Indian equity indices snapped their five-day fall and opened higher on Friday following an over five per cent fall in the Indian Volatility Index (India VIX). At 9:50 am, Sensex was up 484 points or 0.67 per cent, at 74,380 and Nifty was up 125 points or 0.56 per cent, at 22,613. Banking shares are also bullish in early trade. Nifty Bank is up 342 points or 0.70 per cent at 49,043. Among the other indices, auto, Fin service, pharma, FMCG, metal, realty, and infra are gainers. Only th...
Sensex jumps over 400 points, L&T, M&M top gainers
Sensex jumps over 400 points, L&T, M&M top gainers
Source: IANS
2024-05-31 10:33:33 am
IIT Bombay, TCS to develop India`s 1st Quantum Diamond microchip imager The Indian Institute of Technology (IIT) Bombay on Tuesday announced a strategic partnership with IT services major Tata Consultancy Services (TCS) to develop India's first Quantum Diamond microchip imager -- an advanced sensing tool to test the quality of semiconductor chips.    The new sensing tool, to be built at IIT Bombay PQuest Lab by experts from TCS in the next two years, will help reduce chances of chip failures and improve efficiency of electronic devices. It wil...
IIT Bombay, TCS to develop India`s 1st Quantum Diamond microchip imager
IIT Bombay, TCS to develop India`s 1st Quantum Diamond microchip imager
Source: IANS
2024-05-28 01:51:00 pm
Sensex, Nifty trade flat; Pharma stocks shine Indian equity benchmarks opened flat on Tuesday following sideways momentum in the market due to elections.  At 9:50 a.m., Sensex was at 75,477, up 79 points or 0.11 per cent and Nifty was up 28 points or 0.13 per cent at 22,961 points. Midcap and smallcap stocks are underperforming to large-cap. Nifty Midcap 100 index is down 91 points or 0.17 per cent, at 52,667 and Nifty Smallcap 100 index is down 14 points or 0.08 per cent, at 17,006. India volatility index (India VIX) is up...
Sensex, Nifty trade flat; Pharma stocks shine
Sensex, Nifty trade flat; Pharma stocks shine
Source: IANS
2024-05-28 10:37:51 am
86 pc of executives globally have already deployed AI to enhance revenue Over 98 out of 10 (86 per cent) of senior business leaders globally have already deployed artificial intelligence (AI) to enhance existing revenue streams or create new ones, a new report revealed on Wednesday. According to Tata Consultancy Services (TCS), 69 per cent of businesses are more focused on using AI to boost innovation and increase revenue than on productivity improvement and cost optimisation. "2023 was a year of exuberance, with every enterprise experimenting with AI/G...
86 pc of executives globally have already deployed AI to enhance revenue
86 pc of executives globally have already deployed AI to enhance revenue
Source: IANS
2024-05-15 01:55:24 pm
TCS announces to create global AI centre of excellence in France Tata Consultancy Services (TCS) on Monday announced the creation of a Global Artificial Intelligence (AI) Centre of Excellence in Paris during the Choose France Summit. Based at the new TCS PacePort in Paris, the centre will focus on the brain-machine interface, developing empathy in machines, and unleashing the creativity of AI, the company said. "The new centre will focus on boosting human-centered AI capabilities for the banking & financial services (BFS), manufacturing, and...
TCS announces to create global AI centre of excellence in France
TCS announces to create global AI centre of excellence in France
Source: IANS
2024-05-14 09:44:36 am
TCS CEO Krithivasan earned $3 million in first year at top job Tata Consultancy Services, India's top IT services firm, said its CEO K Krithivasan earned 253.59 million rupees ($3.04 million) in financial year 2024, making him likely the lowest-paid CEO among top the four Indian IT firms. The commissions tied to TCS' annual profit made up for a key chunk of Krithivasan's compensation, the company said in its annual report on Thursday. The company's profit rose 9% in the year, at a time the $254-billion IT sector struggled with weak cli...
TCS CEO Krithivasan earned $3 million in first year at top job
TCS CEO Krithivasan earned $3 million in first year at top job
Source: Reuters
2024-05-09 03:51:36 pm
India playing an important role in advanced manufacturing: TCS Chairman Chandrasekaran Geo-political challenges are continuing to alter established supply chains and companies are rebalancing their supply chains to address both resilience and efficiency, Tata Consultancy Services (TCS) Chairman N. Chandrasekaran has said. New global supply chain ecosystems are being created, with "India playing an important role in advanced manufacturing", he mentioned in a letter to the shareholders on the company’s annual report for the fiscal year 2024. After two years ...
India playing an important role in advanced manufacturing: TCS Chairman Chandrasekaran
India playing an important role in advanced manufacturing: TCS Chairman Chandrasekaran
Source: IANS
2024-05-09 10:31:30 am
Antara deepens presence in South India, sponsors TCS World 10K Silvers` Run in Bengaluru Antara Senior Care continues to strengthen its commitment to improve the quality of life of seniors by partnering with the Vayah Vikas to sponsor the Tata Consultancy Services (TCS) for the World 10K Marathon in Bengaluru, held on 28th April.  The senior care brand, under the aegis of the Max Group, sponsored the silvers’ run category of the marathon as part of its continued engagement into the region.  Antara, known for providing integrated lifestyle and lifecare solutions...
Antara deepens presence in South India, sponsors TCS World 10K Silvers` Run in Bengaluru
Antara deepens presence in South India, sponsors TCS World 10K Silvers` Run in Bengaluru
Source: PR Agency
2024-04-29 11:43:53 am
TCS rises on entering into strategic partnership with Amazon Web Services Tata Consultancy Services is currently trading at Rs. 3838.35, up by 7.10 points or 0.19% from its previous closing of Rs. 3831.25 on the BSE. The scrip opened at Rs. 3814.20 and has touched a high and low of Rs. 3868.00 and Rs. 3807.80 respectively. So far 27664 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4,254.45 on 18-Mar-2024 and a 52 week low of Rs. 3,156.20 on 16-Jun-2023. Last one week high and low of...
TCS rises on entering into strategic partnership with Amazon Web Services
TCS rises on entering into strategic partnership with Amazon Web Services
Source: Accord Fintech
2024-04-25 11:22:45 am
Telecom, realty stocks lead market gains  Telecom stocks are the top performers in the markets on Tuesday. The telecom stocks index is up a massive 5 per cent. Tejas Networks is up more than 19 per cent. Tata Teleservices is up 11 per cent, Vodafone Idea is up 11 per cent, ITI is up 8 per cent, MTNL is up 6 per cent. In addition, Bharti Airtel is top gainer among the Sensex stocks with gains of more than 3 per cent. Tejas Networks reported a beat on revenue and margin estimates, led by BSNL’s 4G project execut...
Telecom, realty stocks lead market gains
Telecom, realty stocks lead market gains
Source: IANS
2024-04-23 01:44:15 pm
April futures expiry to increase volatility, keep markets under pressure  Markets in the week gone by were driven by fear, war-mongering and panic. Of course, all of this leads to extreme volatility and sharp two-sided moves. At the end of the four-day week which had a mid-week holiday on Wednesday, markets lost on three sessions and gained on just one. BSESENSEX lost 1,156.57 points or 1.57 per cent to close at 73,088.33 points while NIFTY lost 372.40 points or 1.65 per cent to close at 22,147.00 points. The broader markets saw BSE100, BSE200 and BSE500 l...
April futures expiry to increase volatility, keep markets under pressure
April futures expiry to increase volatility, keep markets under pressure
Source: IANS
2024-04-21 03:03:01 pm
TCS surges on reporting 9% rise in Q4 consolidated net profit Tata Consultancy Services is currently trading at Rs. 4045.80, up by 45.50 points or 1.14% from its previous closing of Rs. 4000.30 on the BSE. The scrip opened at Rs. 3995.00 and has touched a high and low of Rs. 4062.75 and Rs. 3974.90 respectively. So far 23525 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4254.45 on 18-Mar-2024 and a 52 week low of Rs. 3070.30 on 17-Apr-2023. Last one week high and low of ...
TCS surges on reporting 9% rise in Q4 consolidated net profit
TCS surges on reporting 9% rise in Q4 consolidated net profit
Source: Accord Fintech
2024-04-15 09:51:57 am
Tata Chemicals shares plunge more than 8 per cent Tata Chemicals shares were down more than 8 per cent on Wednesday leading the trend as most Tata group shares except TCS trended down. Tata Chemicals was down 8.12 per cent, Tata Motors by 2.4 per cent, Tata Steel by 1.8 per cent, Tata Investment by 5 per cent and Tata Consumer by 2.7 per cent. Tata Chemicals had run up in the past week on the buzz of Tata Sons' imminent listing. There has been a correction in some of the Tata group stocks ever since the buzz got diluted. Tata Ch...
Tata Chemicals shares plunge more than 8 per cent
Tata Chemicals shares plunge more than 8 per cent
Source: IANS
2024-03-20 01:49:34 pm
IT stocks lead markets lower  IT stocks came under selling pressure led by bellwether stock TCS which was down more than 3 per cent. The IT stocks index was down 2.4 per cent, the top loser on BSE. Among the heavyweights, apart from TCS, Wipro was down more than 2 per cent, Infosys was down more than 2 per cent, HCL Tech was down 2 per cent. Among other IT stocks, Subex was down more than 3 per cent, Oracle Financial Services was down more than 3 per cent, L&T Technology Services was down more than 3 pe...
IT stocks lead markets lower
IT stocks lead markets lower
Source: IANS
2024-03-19 05:43:24 pm
Sensex up more than 300 points led by Wipro, TCS  BSE Sensex is up more than 300 points in Tuesday morning trade led by heavyweight IT stocks, Wipro and TCS. Sensex is trading at 72,080.89 points up by 349.47 points on Tuesday led by gains in heavyweight IT stocks. Wipro is up three per cent, TCS is up three per cent. The near-term market trend indicates exhaustion and there are no clear positive triggers that can take the market to sustained new highs immediately, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financ...
Sensex up more than 300 points led by Wipro, TCS
Sensex up more than 300 points led by Wipro, TCS
Source: IANS
2024-02-06 01:42:54 pm
Indian IT firms set for `washout` year, focus now on 2025 - J.P.Morgan J.P.Morgan analysts expect investors to parse upcoming second-quarter results and commentary from Indian IT companies for signs of recovery in deal signings in fiscal 2025 following a "washout" year."We remain negative on the sector as we haven't seen a meaningful uptick in demand in our recent checks. We think the overall setup is not as positive as last quarter," analysts Ankur Rudra and Bhavik Mehta said in a note on Wednesday.All major IT firms, including Infosys, TCS, Wipro and HCLTech, ...
Indian IT firms set for `washout` year, focus now on 2025 - J.P.Morgan
Indian IT firms set for `washout` year, focus now on 2025 - J.P.Morgan
Source: Reuters
2023-10-05 06:06:22 pm
India`s services exports go up 8.4% to $28.72 bn in August India's services exports went up by 8.4 per cent to $28.72 billion in August this year over the same month of the previous year, while imports fell 0.8 per cent to $15.10 billion, provisional data released by the RBI on Tuesday showed.This comes as welcome news as data released by the Commerce and Industry Ministry last month based on an estimate had pegged services exports at $26.39 billion in August, which was a marginal decline from the corresponding figure of $26.5 billion for August 2022...
India`s services exports go up 8.4% to $28.72 bn in August
India`s services exports go up 8.4% to $28.72 bn in August
Source: IANS
2023-10-04 09:47:44 am