Tata Consultancy Services (TCS) on Wednesday reported a 12.2 per cent rise in its consolidated net profit to Rs 9,769 crore for the December 2021 quarter, and announced Rs 18,000-crore buyback offer for its shareholders at Rs 4,500 per scrip. The country's largest software services firm had logged a net profit of Rs 8,701 crore in the year-ago period. Revenue of the Mumbai-based firm grew 16.3 per cent in the quarter under review to Rs 48,885 crore from Rs 42,015 crore in the corresponding period last fiscal, TCS said in a regulatory filing.
The outstanding credit card base dropped to 77.99 million in August from over 80 million in July, mainly on account of the new norms of the Reserve Bank of India (RBI) that warrant the deactivation of cards that are inactive for a year. While there was a 2.8 per cent decline in net card additions on a month-on-month (MoM) basis in August, a first in many months, credit card spends slipped 3 per cent on a high base. Still, spends topped the Rs 1-trillion mark for the sixth consecutive month.
Soon after the Delhi police recovered an improvised explosive device from the city's Ghazipur flower market on Friday, the special cell said that the suspects had done a detailed recce of the spot where the explosive was recovered.
Ganapathi, secretary (West), ministry of external affairs, has been tasked to once again take up the matter and convey the government's views on the issue to the Norwegian authorities, official sources said.
At a time when banks are engaged in a fierce battle to gain market share in the credit card segment, Citibank India has been losing its share, both in terms of outstanding cards and spends in the last few years. Still, average spends on Citi cards are higher than any other Indian bank. Last year, the global banking behemoth announced exit from its consumer banking franchises in 13 markets across Europe, Middle East and Asia, including India, citing lack of scale.
An interesting multi-cornered contest is on the cards for the urban local body elections in Tamil Nadu scheduled for February 19 with opposition parties, which were with the All India Anna Dravida Munnetra Kazhagam till a few days ago, set to take on the ruling DMK banking on their respective party's own strength.
There were four instances of two Indian sailors qualifying for the Olympics earlier but they took part in the same event. This time in Tokyo, India will be taking part in more than one event in sailing.
A summary of the country's athletes' showing at the Games on Saturday, July 31.
Strong deal wins and a good pipeline positions TCS very well in the new fiscal, TCS chief operating officer and executive director N Ganapathy Subramaniam said.
Laws governing compensation in case of adverse side effects for Covaxin and Covishield may differ in accordance with the kind of approvals given, say legal experts.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
a look at the country's athletes' showing at the Tokyo Games on Thursday.
Tamil Nadu has cornered around 18.63 per cent of the fresh investments in Q1FY21 and topped the list of state-wise investments. These investments should help create over 67,212 jobs.
Nasper-backed fintech firm PayU has started talks to acquire domestic payment gateway major BillDesk, and the deal size could be in the range of $3-4 billion, sources in the know said. "BillDesk has been open to being acquired for some time now, but in the past the valuations that the company was seeking proved to be a hurdle," said a source. "Three years ago too, PayU had approached BillDesk for an acquisition, but things didn't go ahead due to high valuations. "BillDesk had asked for $2-billion value then," said the source.
In 2019-20, Gopinathan had received a total remuneration of Rs 13.3 crore. According to TCS' annual report for 2020-21, Gopinathan received Rs 1.27 crore in salary, Rs 2.09 crore in benefits, perquisites and allowances, and Rs 17 crore in commission. TCS chief operating officer N Ganapathy Subramaniam drew a pay package of about Rs 16.1 crore in the last financial year. This includes Rs 1.21 crore in salary, Rs 1.88 crore in benefits, perquisites and allowances, and Rs 13 crore in commission.
As per Centre's standard operating procedures, sanitisers were kept at the entrance while masks and social distancing was compulsory for the devotees. Some places of worship also conducted thermal screening of all devotees.
The resignation came after a court ordered a registration of a case against George and two senior police officers in connection with the suicide.
Seven Olympic and six Paralympic disciplines were identified for support at a meeting of the Mission Olympic Cell.
The CISF has said it was the 'first responder' to rescue passengers on Friday as its Assistant Sub Inspector Ajit Singh was on runway patrol when the Air India Express flight from Dubai with 190 people on board overshot the table top runway, fell into a 35-foot valley and broke into two.
Tata Consultancy Services (TCS) on Friday reported a 14.1 per cent rise in consolidated net profit to Rs 9,624 crore in the September 2021 quarter, aided by broad-based growth across geographies and verticals. The Mumbai-based company had logged a net profit of Rs 8,433 crore (excluding adjustment towards a legal claim) in the year-ago period. Its revenue grew 16.7 per cent to Rs 46,867 crore for the September 2021 quarter from Rs 40,135 crore in the year-ago period.
'At present Metaverse is a hype cycle.' 'If it succeeds, then I would like to see TCS there, too.'
A look at the country's athletes' showing at the Tokyo Olympics on Friday, July 30.
'He just has to keep performing, and mustn't let this go to his head.'
Chief Minister Siddaramaiah asked Modi to "walk the talk", posing four questions, including appointing an "untainted person" as Bharatiya Janata Party's chief ministerial candidate in the state whereas Yeddyurappa tweeted with a tagline #Date2Answer asking, "Why did you quash all the powers of Lokayukta and make it a toothless body?"
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Under its Agile business model, the company has started using its off-shore base up to the extent of 90 per cent which, along with several other measures, will benefit its operating margins, said Chief Operating Officer N Ganapathy Subramaniam.
In the final segment of a four-part interview, Communist Party of India-Maoist general secretary Ganapathy says the Maoists are prepared to come to the table for talks provided the government agrees to their main demands.
Ganapathy turned his misfortune into the biggest opportunity of his life.
In Part III of the interview, the CPI-Maoist general secretary says that the party is building its cadre base to wage a protracted war with 'enemy' forces.
In the first of a 5-part series, Ganapathy talks about the birth of revolutionary movement, its struggles and the way it has learnt its lessons with passing time.
The case pertains to the organisation of Elgar Parishad in Pune on December 31, 2017 which promoted enmity between various caste groups and led to violence, resulting in the loss of life and property and statewide agitation in Maharashtra, an NIA spokesperson said.
Banks such as IndusInd Bank, Federal Bank, DCB Bank and Axis Bank which have renewed their focus on secured loans may be, hence, walking on a tightrope.
An unbeaten 200-run partnership between Subramaniam Badrinath (123 not out) and C Ganapathy (70 not out) helped Tamil Nadu post 251 for 5 by close on Day 1 of the Ranji Trophy Super League encounter against Mumbai at the MCA Ground, in Mumbai, on Tuesday. The defending champions made the early inroads, reducing the visitors to 51 for five inside 16 overs - with five wickets falling in the space of just 32 balls (16 runs).
Varun Thakkar Ashok and Chengappa Ganapathy Kelapanda won bronze with a total of 53 after race 15 in the 49er men's event.
Anu can be enjoyed by the audience, who love thrillers. For Pooja Gandhi, this is certainly a big break. It is time that she chooses films where she can further demonstrate her talent.
Athletes and officials from eight disciplines of archery, badminton, table tennis, hockey, judo, gymnastics, swimming and weightlifting landed in Tokyo
This is a key reason for the finance ministry's objection to fixing the tenure at 100 years, as it is pushing PSBs to be self-dependent and raise funds from the market, reports Hamsini Karthik.
Nethra Kumanan became the first Indian woman sailor to qualify for the Olympics after making sure of a top-place finish in the laser radial event of the Asian Qualifiers, in Oman, on Wednesday.
SC asked the CBI to file a status report on the probe before it within three months.
A Ganesh Nadar/Rediff.com meets the family of CRPF jawan G Subramanian, who was among the 41 martyred in Pulwama.
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