The combined market valuation of seven of the 10 most valued firms jumped by Rs 1,16,048.1 crore last week, with emerging as the biggest gainer. While , , , HDFC, and were the other winners from the top-10 list, , and Life Insurance Corporation () emerged as the laggards. The market valuation of Bank jumped … Read more
This is not the time where I think there will be a stellar results going to be announced by TCS or Infosys, said of Ashish Kyal, Waves Strategy Advisors. In the coming week of course these companies like TCS and Infosys will be coming out with their numbers and if you look at the top … Read more
The Nifty could test 17,500 in the coming days after a sharp rise in recent weeks, said technical analysts. The index is up nearly 10% since August. It gained 3.7% last week to close at 17,323.60 and outperformed most regional peers except Japan and China. Reliance and TCS are being favoured among the large-cap stocks … Read more
New Delhi: Ltd on Tuesday became the fourth Indian company to touch a market valuation of $100 billion. The IT services major has joined the league of , Reliance Industries and HDFC Bank for crossing the $100 billion-mark in terms of market capitalisation (m-cap). The milestone was achieved during the morning trade when the scrip … Read more
MUMBAI: India’s largest information technology company Tata Consultancy Services reported muted performance for the June quarter due to disruptions caused by the second wave of Covid-19 pandemic in India. The company’s management highlighted the several challenges faced by its staff due to the medical crisis in the country in April and May, which saw daily … Read more
The Central Board of Direct Taxes (CBDT) Wednesday clarified that buyers would need to deduct tax at source at 0.1% of amount exceeding Rs 50 lakh when paid or credited to a resident seller on transactions after July 1, 2021, under section 194Q of the income tax Act which comes into effect from July 1. … Read more
MUMBAI: One of the defining characteristics of the Covid-19 bull market has been its propensity for nostalgia. The heroes of the yesteryears are back in vogue as if this were some Marvel comic movie where you can’t kill them so you keep resuscitating them in the storyline. Look at value investing, for example, the bruised … Read more
After an 11% upmove, profit booking was expected. Now 11,600 is the immediate support, holding above which expect 12,000 to be crossed and head towards 12,250 and then possibly to all-time high of 12,428. Synopsis The BSE IT index has gained 99.6% from its March low while the Sensex has gained over 55% from its … Read more
A spate of multi-billion dollar deals, including big wins in the September quarter, is helping Tata Consultancy Services (TCS) shed pandemic-induced blues earlier than expected, according to chief executive Rajesh Gopinathan. In an interview with Anandi Chandrasekhar and Ayan Pramanik, he termed the revival in demand for technology services as just the beginning of a … Read more
Mumbai: India’s largest software exporter Tata Consultancy Services (TCS) on Thursday became the most-valuable information technology (IT) company globally as it surpassed rival Accenture for the first time in terms of market capitalisation. TCS closed 3.19% higher at Rs 2,825 on Thursday on the BSE bringing its market cap to $144.73 billion or Rs 10.6 … Read more