The country's largest software services firm, Tata Consultancy Services (TCS) on Monday reported a 14.9 per cent rise in consolidated net profit to Rs 9,246 crore for the March 2021 quarter.
The record in net addition from the top four was in 2016-17, of 59,427 employees.
'IIM Ahmedabad has seen one of the best placement seasons ever and this change can be attributed to the markets opening up after the pandemic.'
Nasscom and the Chinese government have given the task of creating a matchmaking platform to Zeta-V, set up in June 2017 in Shanghai by Sujit Chatterjee, former CEO of TCS China, and Rangarajan Vellamore, former CEO of Infosys China.
Tata companies perform well while major firms in emerging markets do badly.
Investors will look at how TCS has performed when it announces the quarter's results on October 13, and the forecast from Infosys on October 14
All nine Adani stocks saw a rise in their share price in H1FY23, ranging from 6.1% in case of Adani Ports to 102% in case of Adani Power.
The catchwords today are digital, analytics, robotics.
Underweight on the sector since January amid concerns over growth prospects; no early reversal seen
According to reports, Vodafone NZ had offered all its employees, other than call centre and retail staffers, voluntary severance package
The US government should not only look at salary, but also focus on skills while making immigration reforms
IT sector replaces auto sector after a 6-month gap.
TCS, Infosys do well but Wipro & HCL disappoint analysts; however, outlook for FY17 bullish in general.
Almost all Indian IT companies would pay between $8,000 and $10,000 per H1B visa from April 1
Investors are already factoring in the impact. The IT Index on the BSE exchange dipped 2.5 per cent, with Infosys, Wipro and TCS showing a decline.
Analysts are of the opinion that 55 may emerge as the new age to retire for techies in India
Most large companies have curbed their hiring plans in 2018-19 because they continue to invest in digital technologies.
TCS moved into new markets like France, Japan thanks to acquisitions.
HCL Technologies has to fine-tune strategies to improve performance in the March quarter.
After Infosys, hike in other IT companies also seen in 6-9% range.
This is a shift as until recent months, fund managers were reducing exposure to these sectors.
Growing protectionism in their main markets - the US and the UK - has forced them to hire local workers, upending the cost arbitrage model they had built their business on.
Tata Consultancy Services scrip ended the day 4.27 per cent higher at Rs 2,214.65 apiece on the BSE.
Modest growth projections hits IT sector.
The greenback rose 9 percent against currencies.
NPCI has launched several consumer friendly systems including one that allows users to transfer money to people over mobile phones across India.
And it's not an IIT graduate who's bagged it, report Gireesh Babu & Vinay Umarji.
managers said the weaker rupee, which has driven up shares of technology companies, has helped the fund fetch better returns.
In July-Sept 2016-2017, TCS had missed street expectations with 7.8% growth in revenue.
With employees as brand ambassadors, can the company get the grime off its image?
Slowing growth, stronger rupee and higher local hiring to pull firms down this financial year
Even as government projects aren't lucrative from a revenue perspective, companies fight with each other to bag the contracts
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Fund managers say the recent fall is not going to sustain.
It's the second time Nasscom has projected single-digit growth in a decade.
The Adani stock price saga will pass into public memory as one of those matters that simply escaped being nailed down, perhaps because too many vested interests were involved, notes Debashis Basu.
The TCS results are probably a pointer to the subdued outlook.
Analysts factor in 200-300-bps impact on sales in FY16
The initiative, whose founding partners also include Accenture, CA Technologies, Cisco, Cognizant, Hewlett Packard Enterprise, Pegasystems, PwC, Salesforce and SAP, aims to bring competitive training content together on one platform to serve the greater good.
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