Over the last year, TCS has expanded its presence in the UK public sector, winning several new deals to build digital solutions.
Apart from TCS, market trends will be driven by some important numbers this trading week that include HCL Tech, Mindtree, Larsen & Toubro Infotech, ACC and Federal Bank.
Tata Consultancy Services also reported a net profit of Rs 9,478 crore for the first quarter of the current financial year as compared to Rs 9,008 crore reported in the corresponding period.
The IT company, which announced a hiring target of 40,000 for FY23, said it is on track to hire the same numbers.
The TCS operating margin stood at 23.1%, a contraction of 2.4% Y-o-Y. The company has declared a dividend of Rs 8.
In 2014, Epic Systems filed a lawsuit alleging TCS had stolen its intellectual property. The US-based firm had alleged that TCS employees stole important data.
For the full fiscal 2022, Tata Motors’ net loss stood at Rs 11,441 crore, primarily due to low sales of its British subsidiary Jaguar Land Rover (JLR) vehicles.
In FY22, TCS’ employee strength grew to 5,92,195 with net addition of 1,03,546. He also said the company is taking measures to address the attrition rate.
As per the company, for employees, average annual increase in salary was 5-8% in India.
Despite the weather conditions, Kenya’s Nicholas Kipkorir and Irene Cheptai stole the show, setting a new course record en route to their gold medal in the elite men and women's category.
Nascent Information Technology Employees Senate (NITES) had earlier filed a complaint with the labour ministry against Infosys seeking the removal of the non-compete clause from the offer letter.
Earlier, the Sensex opened in the positive at 57,458.60 points and surged to a high of 57,801.77 points in the morning trade.
IT major Infosys could witness sharp volatility when markets reopen on Monday in reaction to its results which missed Street expectations on most counts.
Analysts had predicted the company’s net profit at Rs 10,000 crore
Analysts had predicted that the company's net profit would be around Rs 10,000 crore.
Mega lift projects executed without ensuring water availability at source.
The 30-share BSE benchmark dropped 233.48 points or 0.41 per cent to settle at 57,362.20.
Designed in consultation with TCS, the 18-month-course will be offered by IIT-Madras in online live teaching mode through virtual classrooms, the company said in a release.
From the gainers' pack, Reliance Industries Limited (RIL) added Rs 49,492.7 crore, taking its valuation to Rs 16,22,543.06 crore.
According to reports, the company is planning to create an integrated organisational structure based on 'curated customer journeys'.