Budget 2018-19

  Helped by the ongoing rally in equities, the market capitalisation of BSE-listed companies has reached a fresh record high of Rs 270,24,154.49 crore in morning trade on Wednesday. Helped by the ongoing rally in equities, the market capitalisation of  BSE-listed companies has  reached a fresh record high of Rs 2,70,24,154.49 crore in morning trade on Wednesday. Rallying for the fifth straight session on Wednesday, the 30-share BSE benchmark jumped 376.44 points to its all-time high of 60,660.75. In five trading days, the BSE benchmark index has gained 1,471.02 points. Driven by the ongoing rally, investors’ wealth has also jumped by Rs 8,03,607.44 crore in five days. “An important trend in the market in recent days is the market resilience in spite of selling by both FIIs and DIIs. This new trend reinforces the dominance of retail investors and the success of the ‘buy on dips strategy. We don’t know how long this trend will continue and this strategy will work. But now t...

  The company has been listed among the top 25 Best Big Companies to work for in the United Kingdom and among the Best Companies in the consultancy sector Tata Consultancy Services  said on Friday it has been listed among top 25 Best Big Companies to work for in the United Kingdom and among the Best Companies in the Consultancy sector. The Best Big Companies list honours 25 organisations with at least 2,000 employees based on an anonymous survey that assesses employee experience across engagement, culture, work environment, leadership, well being, diversity and giving back to the community. TCS was recognised for prioritising the health and wellness of its employees with initiatives like virtual access to a GP, HR outreach sessions and mental health awareness programmes, and commitment to reskill employees while on remote work. “TCS is today one of the top IT service providers in the UK, and the preferred growth and transformation partner of leading British corporations becaus...

  In a seperate filing, TCS also informed that it will also consider share buyback proposal during its board meet to accept second-quarter results on Wednesday Tata Consultancy Services will be making a precautionary provision of Rs 1,218 crore in a trade secret theft lawsuit involving medical software company Epic Systems. India’s largest software company will make a provision of Rs 1,218 crore as an exceptional item in the upcoming results to be announced on October 7 as a provision in the books for a legal claim in the Epic Systems matter. In August, an appeals court in the US upheld that the punitive damages of $280 million against TCS in the lawsuit were ‘excessive’. The court halved the damages to $140 million. “TCS is legally advised that it has the correct and the strongest possible arguments in its favour and the order and reduced damages are not supported by facts presented during the trial”, according to its exchange filing. In September 2020, TCS filed a petition seekin...