But MNCs like IBM, Accenture, CSC and HP likely to get affected more.
Seeking to mitigate protectionist measures like visa restrictions being adopted by countries like the United States, the top Indian IT exporter, Tata Consultancy Services, is looking to hire more local nationals in key markets.
This measure will ensure that the price of a scrip cannot move upward or downward beyond a limit set for the day.
Tata Consultancy Services on Tuesday said the company's chief operating officer N Chandrasekaran will succeed S Ramadorai as the CEO and managing director on October 6.
According to Republican Senator Charles Grassley and Democratic Senator Richard Durbin, more companies are now using H-1B visas to displace qualified American workers.
Global software and services major Tata Consultancy Services is in the last stages of finalising a multi-million outsourcing contract with the International Monetary Fund. Under the deal, the IMF will offshore some of its back-office work
In addition, TCS solutions will also be part of the racing car's popular cousin, the Ferrari sports car.
Tata Consultancy Services has adopted several measures like avoiding travel and moving people from onsite to offshore to cut down costs, a senior official of the company said in Hyderabad on Wednesday.
Analysts say Tatas could sustain their current pace of growth, provided the group's "cash cows", such as TCS and Tata Motors, continue to deliver.
As a part of cost cutting measures to tackle global economic downturn, IT major Tata Consultancy Services (TCS) on Thursday said job cuts are possible and ruled out salary hikes next year.
The combined market valuation of six of the 10 most valued companies surged by Rs 1,56,247.35 crore last week, with Reliance Industries Ltd (RIL) emerging as the biggest gainer. While RIL, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, HDFC and Bajaj Finance saw gains in their market capitalisation (m-cap) in the holiday-shortened week, Infosys, HUL and LIC suffered losses. Stock markets were closed on Tuesday on account of Muharram.
The Andhra Pradesh government on Wednesday ratified the allotment of 40 acres of land to Cognizant Technology Solutions India Pvt Ltd and 75 acres to Tata Consultancy Services at Adibatla on the outskirts of Hyderabad
Helped by all-round business growth, country's largest software exporter Tata Consultancy Services on Wednesday reported 22.1 per cent jump in net profit at Rs 3,596.9 crore for the March quarter, meeting expectations.
The branding exercise is estimated cost Rs 100-200 crore to the Tata Group.
TCS, Wipro, Infosys, Sasken may feel the heat as Nortel files for bankruptcy protection.
Looking to put money in aviation, infrastructure and also to reduce debt of group companies.
Nine of the 10 most valued firms together added over Rs 2.12 lakh crore in their market valuation last week, with HDFC Bank and TCS emerging as the lead gainers. Last week, the 30-share BSE benchmark jumped 844.68 points or 1.38 per cent. The stock markets were closed on Tuesday for Guru Nanak Jayanti.
The company also plans to recruit over 3,000 people on onsite in countries like Brazil, Uruguay, China and in Latin America, among others.
Tatas may look at selling part of its stake in couple of investments
India's largest IT firm Tata Consultancy Services (TCS) on Friday said its Board will consider a buyback proposal on January 12. "...the Board of Directors will consider a proposal for buyback of equity shares of the company, at its meeting to be held on January 12, 2022," a regulatory filing said. No other details of the buyback proposal were disclosed. The Board of the Mumbai-based company is scheduled to meet on January 12 to approve and take on record the financial results of the company for the third quarter and nine months ending December 31, 2021.
Tata Consultancy Services and its Chinese partners - Beijing Zhongguancun Software Park Development, Uniware and the Tianjin Huayuan Software Area Construction and Development
Tatas' brand value grows 12% in the past year, far ahead of Reliance and Airtel.
IT major Tata Consultancy Services has bagged the contract to implement end-to-end solutions for national flag carrier Shipping Corporation of India.
The expenditure on human resources works out to 50 to 55 per cent of the reveneus of the company and it expects to optimise its cost through a proper mix of hiring trainees and profesionals. Ajoyendra Mukherjee, Vice-President and Head, Global HR of TCS told reporters in Mumbai on Thursday in the first quarter last year, the company had a hiring mix of 62 per cent professionals and 38 per cent trainees.
From the Sensex pack, Infosys tanked over 8 per cent after the company reported a lower-than-expected 11 per cent rise in net profit for the June quarter and delivered a shocker as it slashed its FY24 growth outlook to 1-3.5 per cent on delayed decision-making by clients amid global macro uncertainties. Hindustan Unilever, HCL Technologies, Wipro, and Tech Mahindra were the other major laggards. On the other hand, Larsen & Toubro rose the most by 3.88 per cent after it bagged an order of worth over Rs 7,000 crore from the bullet train project.
The buyback, at Rs 2,100 per equity share, entails up to 7.61 crore shares or 1.99 per cent of the total paid up equity share capital.
Tata Consultancy Services would this year recruit over 30,000 engineering graduates worldwide, a senior company official has said.
Trouble started brewing after Cognizant announced that Ravi Kumar, former Infosys president, would take over as the Nasdaq-listed company's CEO.
Further, as a part of its continued expansion plan across Latin America, TCS has set up its delivery centre in Argentina. This is the eighth centre for the company in the region at a cost of $2 million (around Rs 10 crore). The centre, spread over 10,000 square metres, will initially employ 250 professionals, but has the capacity to house 1,000 people.
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