It also gave an upbeat growth outlook, sending its shares up the most in more than eight months.
'One of the strategies is to pick deals carefully. That means looking at sectors like energy, banking, insurance and also doing outsourcing.'
In tougher times, there seems to be an overwhelming focus on managing the large or anchor clients.
In June alone, Rs 13,000 crore (Rs 130 billion) worth shares were released.
The stock market comes full circle; pharma also gains prominence, courtesy rupee depreciation
Benchmark equity indices Sensex and Nifty ticked higher for the ninth straight session on Thursday, buoyed by fag-end buying in banking, financial and realty stocks amid encouraging domestic retail inflation data. Weak trends in IT counters and fall in the overnight US equity markets triggered by fresh concerns over recession, however, put a check on market's uptrend. In a largely subdued session, the 30-share BSE Sensex went up marginally by 38.23 points or 0.06 per cent to settle at 60,431.
Firms are increasingly launching health initiatives for their employees to reduce stress, revitalise body -- it also helps keep people occupied.
Tata Consultancy Services said quarterly consolidated net profit surged 49.6 percent, its fastest pace of increase in at least two-and-half years, helped by increasing demand for outsourcing services in the United States and Europe.
Tata Consultancy Services, India's largest IT company, sold 50 per cent stake in Intelenet Global Services Ltd to Housing Development Finance Corporation Ltd for Rs 161 crore (Rs 1.61 billion).
The company, however, posted a marginal increase of 1 per cent in its consolidated revenue at Rs 29,584 crore
India must diversify its services trade away from low-cost programming if it is to remain an IT-enabled hub.
The newest CEO in the Tata group brings an aggressive pace and style to India's largest IT consultancy firm.
Among the Sensex firms, Kotak Mahindra Bank, Tata Steel, ITC, ICICI Bank, Bajaj Finserv, Maruti, Mahindra & Mahindra and State Bank of India were the biggest winners. Tata Consultancy Services, Infosys, HCL Technologies, Tech Mahindra, Asian Paints, Wipro and Tata Motors were the biggest laggards.
Post Q1 results, the stock rallied 8% compared to 2% rise in S&P BSE Sensex and 4% gain in S&P BSE IT index.
Besides Florida and Louisiana, the Houston Consulate provides service to Indian community and businesses in Alabama, Arkansas, Georgia, Kansas, Mississippi, Oklahoma and Texas states.
The facility will cater to govt services that require Inpact Level 3 security.
Work should not flow; it should get done, said N Chandrasekaran.
Equity benchmark BSE Sensex closed at an all-time high of 62,272.68 on Thursday, tracking a firm trend in global markets after the US Fed minutes indicated a slower pace of rate increase that bolstered investors' sentiment. Extending its rally to the third straight day, the 30-share BSE benchmark rallied 762.10 points or 1.24 per cent to settle at 62,272.68, its record closing peak. During the day, it jumped 901.75 points or 1.46 per cent to its lifetime high of 62,412.33.he broader NSE Nifty gained 216.85 points or 1.19 per cent to end at 18,484.10.
Tata Consultancy Services (TCS) has been ranked the third most-valued IT services brand globally, after Accenture and IBM, according to a report by Brand Finance. Four Indian IT services companies -- TCS, Infosys, HCL and Wipro -- secured spots in the top-10 global tally.
The company has created eight stacks of related operating units, and the stack heads will report directly to chief executive officer N Chandrasekaran.
Tatas' best bet would be to find an insider who understands the systems, say headhunters
The country's second largest employer in the corporate sector has over 300,000 men and women on its roles in 50 countries.
From the Sensex pack, State Bank of India, Axis Bank, IndusInd Bank, Tech Mahindra, HCL Technologies, Tata Consultancy Services, Maruti Suzuki, Tata Steel and Tata Motors were the major gainers. Power Grid and HDFC Bank were the laggards from the pack.
Both firms have broken TCS' streak of industry-leading performance over the past few quarters by posting higher revenue and earnings growth this quarter.
TCS expects the October-December quarter volumes to be lower due to lesser working days.
The overall momentum is very strong, said the company CEO.
M&B is partnering with TCS to streamline the management of its HR and Payroll operations.
Tata group firm TCS on Wednesday replaced Mukesh Ambani-led Reliance Industries as the country's most valued company in terms of market capitalisation, as investors rallied behind the shares of the IT giant.
The quarterly results of India's big four IT (information technology) players (HCL, TCS, Infosys and Wipro) have left investors confused, with no clarity on the sector's outlook.
The country's largest information technology (IT) service provider, Tata Consultancy Services (TCS) is all set to expand its footprint in West Bengal, according to state IT minister Partha Chatterjee.
IT industry's two giants present a contrast.
In the quarter ended June 30, the company posted 15.7 per cent growth in net profit at Rs 3,831 crore (Rs 38.31 billion) when compared with the corresponding quarter last year. Revenue rose 21 per cent to Rs 17,987 crore (Rs 179.87 billion).
The roll-out of the auto enrollment began in October 2012.
The third-quarter results of information technology (IT) software leaders indicate that the turnaround in the world's developed economies is a rising tide that is lifting virtually all boats.
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