Tata Consultancy Services Ltd

(TCS)

TCS Recognized as Best Corporate Steward for 2024 - 23 Nov, 2024

Tata Consultancy Services (TCS) has been named Best Corporate Steward by the U.S. Chamber of Commerce Foundation for its impactful global CSR initiatives, investing $571 million since 2020 to benefit 15.9 million individuals. TCS focuses on inclusive growth, education, skills development, and addressing healthcare and climate issues.

TCS Stock Rises on Upgrades and Market Recovery - 22 Nov, 2024

Tata Consultancy Services received a Buy upgrade from Nirmal Bang, raising its target price. The stock gained significantly due to positive US labor data and market recovery, increasing its market cap by Rs 53,945 crore.

TCS Market Cap Rises Amid Positive Analyst Rating - 21 Nov, 2024

Tata Consultancy Services (TCS) saw its shares increase by 0.88%, boosting its market capitalization by ₹1,299 crore. Morgan Stanley reiterated its Overweight rating, setting a target price of ₹4,660, reflecting confidence in TCS's growth despite cautious management outlook on demand trends.

IT Companies Embrace Hybrid Work Model Post-Pandemic - 20 Nov, 2024

Indian IT companies, including Tata Consultancy Services, are increasingly adopting a hybrid working model, encouraging employees to return to the office while maintaining flexibility.

TCS Market Cap Rises Significantly Amid Positive Trends - 19 Nov, 2024

Tata Consultancy Services (TCS) experienced a 2.55% increase in share price, boosting its market capitalization by Rs 37,180 crore. This growth reflects strong demand in the IT sector and investor optimism regarding TCS's performance and order book.

TCS Shares Decline Amid IT Sector Concerns - 18 Nov, 2024

On November 18, 2024, Tata Consultancy Services (TCS) shares fell 3.42%, leading to a market cap decline of Rs 51,295 crore. The drop follows comments from the US Federal Reserve regarding interest rates, causing caution among investors in the IT sector.

TCS Faces Challenges with Variable Pay Cuts - 14 Nov, 2024

Tata Consultancy Services has reduced variable pay for many senior employees to 20-40% for Q2 FY25 due to low demand and economic uncertainties. Despite this, TCS reported a 5.5% year-on-year revenue increase, totaling Rs 64,259 crore, with a net profit of Rs 11,909 crore.

TCS Market Cap Drops Amid Share Price Decline - 13 Nov, 2024

Tata Consultancy Services experienced a 0.94% drop in share price, leading to a market capitalization decline of ₹14,255 crore, closing at ₹4,158.00.

TCS Optimistic About Future Under Trump Presidency - 12 Nov, 2024

Indian IT companies, including TCS, express optimism regarding business-friendly measures anticipated from the upcoming US administration, particularly benefiting the BFSI sector.

TCS Reports Earnings Amid Variable Pay Concerns - 11 Nov, 2024

TCS reported a 5% YoY profit increase for Q2FY25, while senior employees faced reduced variable pay. The company also added clients and joined MSCI World Indices.

TCS Reports Headcount Growth Amid Variable Pay Cuts - 09 Nov, 2024

Tata Consultancy Services reported a net headcount increase of 5,726 employees in Q2 FY25. However, variable pay for senior staff was cut by 20-40% despite compliance with in-office attendance policies, reflecting challenges in the demand environment.

TCS Secures Contracts Amid Variable Pay Cuts - 08 Nov, 2024

TCS has secured a multi-year contract with Air France-KLM for cloud transition and signed an agreement with NSDC for skill assessments. However, it has reduced variable pay for senior employees due to weak demand, highlighting ongoing challenges in the IT sector.

TCS Secures Major Deal Amid Mixed Earnings Report - 07 Nov, 2024

TCS shares surged over 4% following positive market sentiment and a significant cloud migration deal with Air France-KLM, despite missing Q2 earnings estimates.

TCS Shares Rise on Trump Election Optimism - 06 Nov, 2024

Tata Consultancy Services Ltd. shares increased by 3.03% as market sentiment improved with the likelihood of Donald Trump winning the 2024 US Presidential election, boosting IT sector stocks.

TCS Shows Positive Outlook Amid Strong Q2 Results - 05 Nov, 2024

Tata Consultancy Services Ltd's recent Q2 results indicate a positive outlook, supported by a significant rise in the BSE IT Index over the past six months.

TCS Reports Earnings and Marathon Milestone - 04 Nov, 2024

Tata Consultancy Services achieved a significant milestone with the Sydney Marathon's recognition as an Abbott World Marathon Major and reported a 5% YoY profit increase in Q2.

TCS Secures Major Telecom Contract Under Atma Nirbhar Bharat - 02 Nov, 2024

Tata Consultancy Services, as part of a consortium, has been awarded a Rs. 24,500 crore contract to supply 4G equipment for 100,000 new telecom towers under the Atma Nirbhar Bharat initiative.

TCS Faces Market Challenges Amid Growth Plans - 31 Oct, 2024

TCS experiences a mixed day with a significant drop in stock price while announcing plans to hire 40,000 employees and securing major contracts for 4G deployment.

TCS Reports Growth and New Partnerships - 30 Oct, 2024

TCS announces a significant partnership with Ireland's DSP for pension enrolment, hires 5,726 employees, reports a 5% profit increase, and invests in South America.

TCS Wins Major Contract in Ireland - 29 Oct, 2024

Tata Consultancy Services has signed a significant 15-year deal with Ireland's Department of Social Protection to implement the My Future Fund retirement savings scheme, benefiting around 800,000 workers. This contract highlights TCS's expertise in managing similar projects and reinforces its commitment to the Irish market.