Shares of RIL declined 4.84 per cent to Rs 1,950.30 on the BSE after its earnings failed to cheer investors. In contrast, TCS gained 1.26 per cent to touch its one-year high of Rs 3,345.25.
In dollar terms, there was a 5.7 per cent sequential revenue growth at $5.7 billion. Net profit rose 7.1 per cent to Rs 8,701 crore over the previous year.
TCS Q3 net profit rises 7.2 per cent to Rs 8,701 crore; logs strongest third-quarter growth in 9 years
The CEO added that the company is entering the new year on an 'optimistic note' and its market position stronger than ever before.
The shares of the IT companies are on a record breaking spree after Infosys and Wipro announced large deal wins.
While Reliance Industries, Infosys, HDFC, ICICI Bank and Bharti Airtel suffered losses in their market valuation, TCS, HDFC Bank, Hindustan Unilever and Bajaj Finance were the gainers.
Teachers of the Utkarsh and model schools will be trained by the company on imparting digital education to students through various platforms.
AG would leverage TCS technology expertise and experience in the insurance domain to modernise its application stack and enhance current core insurance services and digital channels.
While the valuation of RIL tumbled Rs 39,355.06 crore, that of of TCS plunged Rs 19,681.25 crore.
The company said that it would buyback shares worth Rs 9,500 crore, representing 4.32 per cent of its total paid-up equity capital or 237.5 million equity shares.
TCS is the second Indian company to cross Rs 10 lakh crore mark after Mukesh Ambani’s Reliance Industries, whose market capitalization stood at Rs 14.7 lakh crore.
The Mumbai-headquartered IT services giant has hired 9,864 employees in Q2, FY21 and this included 7,000 freshers recruited virtually.
TCS has collaborated with various entities to provide medical and hospitality support at these centres that have around 20-50 beds.
The stock of the software services firm gained 2.91 per cent to Rs 2,442.80 -- its record high -- on the BSE.
Represented by the Director of Public Health and Family Welfare, the government, on Friday, filed a report before the High Court in connection with one set of PILs.
Epic Systems had filed a lawsuit alleging that TCS stole data and trade secrets related to a contract that the IT firm secured from a Portland based hospital Kaiser Sunnyside Medical Centre.