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Tata Consultancy Services Ltd.

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IT firm doubles down on product strategy it created for the unit.

TCS, Infy, HCL Tech, Wipro, TechM hired over 27,300 compared to 17,383 in the same period last year

SBI emerging as the biggest drag as its valuation tumbled Rs 30,388.3 crore to Rs 2,75,279.64 crore.

The Nifty IT index was trading 1.14 per cent down at 15,324.40 around 10:01 am.

Cumulative gain of these firms at Rs 22,058.3 cr was less than total loss suffered by 4 companies.

At close of trade, the m-cap of Tata Consultancy Services (TCS) stood at Rs 7,98,620.04 crore.

In contrast, the valuation of Infosys zoomed Rs 25,125.99 crore to Rs 3,37,418.53 crore.

The Nifty IT index was trading 0.04 per cent up at 15,504.30 around 10:05 am.

A senior official at the department of telecommunications said the Tatas must exit Tata Communications, especially after the consumer mobility business of Tata Teleservices (TTSL) was sold to Bharti Airtel.

​TCS reported a weaker-than-expected performance this quarter in terms of revenue growth.

Problems at Deutsche Bank, which has decided to slash 18,000 jobs, have been a source of concern for TCS.

Corporate revenue is seen growing 5-6% in the Q1 of fiscal 2020, slowest 2 years.

The brokerage has set a one-year horizon for the stock to hit the target price.

Tata Communications may be merged with TCS and the rest of the business may be sold as separate business ventures.

Growth in the dollar-denominated revenue was below expectations.

BSE Midcap and BSE Smallcap index lost 0.32 per cent and 0.29 per cent respectively.

Sanjiv Bajaj said that economy is slowing down and it is not just happening in the NBFC space.

Among the gainers, the valuation of HDFC zoomed Rs 14,941.11 crore to Rs 3,93,135.72 crore.

Only 20 stocks in Nifty pack have delivered over 10 per cent return since January 2018.

The current governance of operations and management will remain unchanged by the share acquisition, the company said.

The Nifty IT index was trading 0.04 per cent up at 16,328.65 around 10:05 am.

Buy Tata Consultancy Services Ltd. at a price target of Rs 2330.0 and a stoploss at Rs 2235 from entry point.

The Nifty IT index was trading 1.09 per cent up at 15,726 around 10:28 am.

Market mood was buoyant after the BJP won over 300 seats on its own in the Lok Sabha elections.

Combined m-cap of Tata Group cos is about Rs 2,000 crore less than that of the HDFC Group.

No Indian company made it to the top 200 list of Bloomberg 500.

Sell Tata Consultancy Services Ltd. at a price target of Rs 2000.0 and a stoploss at Rs 2150 from entry point.

Brokers said the so-called hot money, which had started flowing into the country since early March, is being pulled out.

At the close of trade, RIL's market capitalisation (m-cap) was at Rs 7,98,385.98 crore.

The Nifty IT index was trading 0.74 per cent up at 16,066.95 around 10:09 am.

With the plan to merge with Thyssenkrupp abandoned, Tata Steel may have to sell sizeable assets.

With the plan to merge with Thyssenkrupp abandoned, Tata Steel may have to sell sizeable assets.

The stock declined to Rs 1,255.20 on May 9 from Rs 1,407.10 on May 3.

The m-cap of Tata Consultancy Services (TCS) slumped Rs 39,700.2 crore to stand at Rs 8,00,196.04 crore.

The mobile phone operator had originally inked an end-to-end managed services contract with IBM in 2004.

TCS lost a similar case to Epic Systems, setting it back by $420 million in penalties, which it's appealing in court.

The Nifty IT index was trading 0.13 per cent down at 16,348.75 around 10:09 am.

Buy Tata Consultancy Services Ltd. at a price target of Rs 2210.0 and a stoploss at Rs 2170 from entry point.

The Nifty IT index was trading 0.13 per cent down at 16,129.50 around 10:13 am.

Reliance is the country's most valued firm with a market valuation of Rs 8,52,752.11 crore.

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