Tata Group is considering an offer to buy back a stake in its entertainment content distribution platform from Temasek Holdings Pte as the Indian conglomerate weighs postponing Tata Play Ltd.’s initial public offering, according to people with knowledge of the matter. Tata Group is contemplating whether to delay the planned Tata Play listing because of … Read more
Indian IT services provider Coforge Ltd’s fourth-quarter revenue and its revenue growth forecast for fiscal year 2024 were roughly in line with analysts estimates, in contrast to weaker-than-expected outlooks from its bigger peers. Coforge’s shares were up 1.4% in midday trading on Thursday, compared with a 0.8% rise in the Nifty IT index, while the … Read more
NEW DELHI: Eight of the top-10 most valued companies together added Rs 1,28,503.47 crore in market valuation last week, with IT majors Tata Consultancy Services and Infosys leading from the front. The valuation of Tata Consultancy Services (TCS) jumped Rs 36,158.22 crore to reach Rs 11,71,082.67 crore, becoming the biggest gainer among the top-10 most … Read more
Rajesh Gopinathan, CEO & MD, and NG Subramaniam, COO, TCS in conversation with Nikunj Dalmia of ETNOW. What has the Covid crisis done to IT services that things have taken a complete 180-degree turn? Rajesh Gopinathan: In many ways things have not changed compared to the commentary that we gave at the end of March, … Read more
There might be a 5-7% revision in price targets because we have already upgraded it a bit. We also need to see how 3Q, 4Q margins will be because the currency is appreciating and there are wage hikes as well, says Madhu Babu, analyst, Centrum Broking. The TCS buyback quantum is a little lower than … Read more