Tata Consultancy Services Ltd

(TCS)

TCS Shares Decline Amid IT Sector Sell-off - 19 Sep, 2024

On September 18, Tata Consultancy Services and other IT stocks experienced significant selling pressure, dropping up to 3.5% as investors reacted to concerns over demand and the upcoming Fed rate cut.

TCS Signs McDonald's Deal Amid Soft Q2 Outlook - 18 Sep, 2024

TCS has signed a two-year partnership with McDonald's Philippines to modernize IT systems. However, management anticipates a soft Q2 due to struggles in key sectors. Macquarie remains optimistic, setting a target price of Rs 5,740, expecting TCS to outperform Infosys in the coming years.

TCS Implements Attendance Policy and Partners with MCX - 17 Sep, 2024

Tata Consultancy Services has linked variable pay to attendance, mandating five days in the office. Additionally, TCS will help MCX enhance its trading technology core.

TCS Employees Face Tax Notices Over Discrepancies - 14 Sep, 2024

Tata Consultancy Services employees received income tax notices ranging from ₹50,000 to ₹1.45 lakh due to TDS discrepancies. TCS has advised employees to wait for rectification before making payments.

TCS Faces Tax Notices Amid Positive Market Response - 13 Sep, 2024

TCS employees received tax demand notices due to TDS discrepancies affecting thousands. The company is addressing the issue while shares rose 0.6%. TCS also collaborates with Tata Electronics for domestic chip production by 2026.

TCS Employees Face Tax Notices from IT Department - 11 Sep, 2024

TCS employees received tax demand notices from the Income Tax department regarding TDS claims, with amounts ranging from Rs 50,000 to Rs 1,45,000. The company indicated this may be due to a system glitch and assured employees that rectification intimations will follow, resolving discrepancies without immediate payment required.

TCS Partners with Mansfield for Digital Transformation - 10 Sep, 2024

Tata Consultancy Services has entered a strategic partnership with Mansfield Building Society in the UK to enhance digital banking operations using TCS BaNCS and Digital Home Lending Solution.

TCS Declares Dividend Amid Market Capitalization Erosion - 09 Sep, 2024

Tata Consultancy Services announced an interim dividend of Rs 10 per share, with shares closing flat at Rs 4453. The market capitalization of TCS, along with other top firms, faced erosion.

TCS Boosts R&D and Cybersecurity Initiatives - 04 Sep, 2024

Tata Consultancy Services is intensifying investments in automotive labs and AI technologies while expanding its partnership with Google Cloud to enhance cybersecurity solutions.

TCS Expands Partnership with Google for Cybersecurity - 03 Sep, 2024

Tata Consultancy Services has expanded its partnership with Google Cloud to offer AI-powered cybersecurity solutions, boosting its market position. The stock saw a positive movement following this announcement.

TCS Marks 20 Years with Strong Stock Performance - 02 Sep, 2024

Tata Consultancy Services reflects on its 20-year journey since listing, highlighting impressive stock performance and substantial cash flow for Tata Sons. Analysts maintain a BUY rating with a target price of Rs 5,230, citing growth in core verticals and emerging technologies.

TCS Benefits from Market Rally in August - 01 Sep, 2024

Last week, Tata Consultancy Services (TCS) was among the top beneficiaries as the market valuation of eight out of the top ten companies in India increased significantly, adding ₹1,53,019.32 crore. This reflects a strong rally in the equity markets.

TCS Launches AI Experience Zones for Innovation - 30 Aug, 2024

Tata Consultancy Services (TCS) has established AI Experience Zones in India to foster innovation in AI and generative AI solutions. Additionally, TCS is enhancing its internal operations, including HR functions, by developing AI-based interview coaches for hiring and training.

TCS Expands Partnership with Primark for IT Transformation - 29 Aug, 2024

Tata Consultancy Services has extended its partnership with Primark for five years to enhance technology operations, improve resilience, and support global growth strategies through automation and agile practices.

TCS HR Highlights AI Adoption Challenges - 28 Aug, 2024

D P Nambiar, TCS's HR VP, emphasized the slow adoption of AI technology despite its rapid advancements, indicating a cautious approach within the company.

TCS Leadership Change and New Innovation Studio Launch - 27 Aug, 2024

TCS announced the resignation of Suresh Muthuswami, head of North American operations, with Amit Bajaj stepping in. Additionally, TCS launched the Pace Studio in Manila to foster digital innovation in the Asia-Pacific region.

TCS Executive Resignation and Expansion in Latin America - 26 Aug, 2024

TCS's North America Head resigned, contributing to a significant executive change. The company also reported substantial dividend contributions and expanded its presence in Colombia.

TCS Faces Leadership Change with Muthuswami's Resignation - 25 Aug, 2024

Suresh Muthuswami's resignation as chair of TCS North America raises concerns, despite the region's strong growth. The market capitalization of top firms, including TCS, surged last week.

TCS Stock Surges on Positive AI Prospects - 22 Aug, 2024

Tata Consultancy Services (TCS) shares rose 5.5% after Macquarie raised its target price to Rs. 5,740, driven by confidence in AI developments. TCS reported a year-on-year revenue increase of 5.4% and net profit growth of 8.8%. The stock has delivered positive returns of 33% over the past year.

TCS Achieves Record High Amid Strategic Developments - 21 Aug, 2024

TCS shares reached a record high following strong Q1FY25 earnings. The company opened a new Pace Studio in Stockholm and engaged in potential collaborations with Malaysia. Despite a slight decline in the IT index, analysts remain bullish on TCS's prospects.