The country's largest software exporter Tata Consultancy Services Ltd will not merge its subsidiary CMC Ltd. with itself, chief executive officer and managing director S. Ramadorai said Wednesday.\n\n\n\n
TCS expects the October-December quarter volumes to be lower due to lesser working days.
Tata Consultancy Services Ltd will offer 5.54 crore (55.4 million) equity shares of Re 1 each, including a fresh issue of 2.27 crore (22.7 million) shares, in its initial public offering through a book-building route.
Microsoft Corp and Tata Consultancy Services Ltd on Tuesday announced plans to advance their strategic alliance to deliver IT solutions to global companies more effectively, said a joint media release.
Tata Consultancy Services has divested its 40 per cent stake in business process outsourcing firm Sitel India to US-based Sitel Corporation for $17.732 million.
IT services provider Tata Consultancy Services Ltd and Microsoft Corporation on Wednesday entered into a global services partnership, under which the two would jointly help in enhancing value of their IT investments.
Tata Teleservices on Wednesday announced outsourcing of its entire IT infrastructure management to group company Tata Consultancy Services, a deal estimated at over Rs 1,000 crore (Rs10 billion) over five years.
Tata Consultancy Services Ltd and Microsoft were selected as strategic partners by Sino-India Cooperative Office of China to set up a software joint venture company for IT outsourcing services and solutions to both global and domestic market.
Tata Consultancy Services Ltd on Thursday said it has acquired Sydney-based Financial Network Services, a core banking solutions vendor for $26 million.
TCS has bagged a Rs 784 crore outsourcing order from Sun Life Financial of Canada.
IT major Tata Consultancy Services Ltd has acquired 100 per cent stake in Chilean software firm Comicrom for $ 23 million.
The US district court of Northern California on Monday allowed two former employees of I-T giant Tata Consultancy Services Ltd to proceed with a class action lawsuit against their former company over wage dispute and breach of contract.
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In addition, TCS solutions will also be part of the racing car's popular cousin, the Ferrari sports car.
Global IT services major Tata Consultancy Services Ltd is planning to tap emerging markets, including the Philippines and Shanghai, with its E-Clear Settle, a financial and settlement suite.
The Securities and Exchange Board of India has issued "certain observations" and "sought clarifications" on draft prospectus for Tata Consultancy Services Ltd's initial public offering.
Over 6,500 would be recruited through campus recruitment.
Tata Consultancy Services Ltd informed the Bombay Stock Exchange on Wednesday that its revenues for the first quarter of 2010-11 increased by 6.21 per cent over the previous quarter to Rs 8,217 crore (Rs 82.17 billion).
The deal is expected to close in the January-March quarter.
Leading information technology services company Tata Consultancy Services would add a net of 13,500 people this year, chief executive officer and managing director S Ramadorai said on Saturday.
Investors' wealth eroded by Rs 6 lakh crore in a single day on Wednesday as the BSE benchmark Sensex tumbled over 790 points. The 30-share BSE Sensex fell by 790.34 points or 1.08 per cent to settle at 72,304.88. During the day, it slumped 872.93 points or 1.19 per cent to 72,222.29.
India's top IT company Tata Consultancy Services Ltd plans to make Chennai its biggest centre over a period of time, replacing Mumbai where it is headquartered now, a top company official said.
The Tatas on Saturday fixed the price of Rs 850 a share for the Tata Consultancy Services initial public offer for selling 5.54 crore (55.4 million) shares to mop up about Rs 4,700 crore (Rs 47 billion).
Tata Consultancy Services Ltd's initial public offering has been oversubscribed 5.46 times even as retail investors lined up at collection centres to submit applications on the last day of bidding.
Tata Consultancy Services Ltd on Friday said its shareholders have approved the issue of bonus shares worth up to Rs 48.93 crore (Rs 489.3 million) to be paid in the ratio of 1:1.
The IT major's revenues during the reporting fiscal increased to Rs 3,302 crore.
When Gensol Engineering made its public market debut through a small and medium enterprises (SME) initial public offering (IPO) in September 2019, its promoters held a commanding 96 per cent stake. Now, that figure has shrunk to a "negligible" fraction.
Eight of the top-10 most valued companies suffered a combined erosion of Rs 2,61,812.14 crore in market valuation last week, with Reliance Industries emerging as the biggest laggard. In the top-10 list, Infosys and Wipro were the only gainers. During the last week, the BSE benchmark slumped 1,774.93 points or 3.01 per cent.
The TCS total income for the quarter stood at Rs 5,203 crore, up 25.2 per cent as against Rs 4,225.62 crore (Rs 42.246 billion) in Q1 FY07.
State Bank of India partnered GE Capital in 1998 for its credit card business.
Information technology major Tata Consultancy Services' net profit for second quarter jumps 50.13 per cent to Rs 931.32 crore (Rs 9.312 billion), against Rs 620.32 crore (Rs 6.203 billion) a year ago.
Information technology giant Tata Consultancy Services Ltd has reported a 51.8 per cent rise in its net profit at Rs 342.19 crore (Rs 3.421 billion) for the second quarter ended September 30, 2004 over same period last fiscal.
The rupee will be a key determinant for stock markets.
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