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Tata Consultancy Services

TCS invests over Rs 72 crore to bolster innovation in South America with a new 10-year partnership

TCS invests over Rs 72 crore to bolster innovation in South America with a new 10-year partnership

Wed, Oct 30, 2024

The TCS-Insper collaboration will foster academic research, create technology prototypes, and organize seminars, hackathons, and tech discussions. TCS clients in the South American region will have exclusive access to Insper’s research and innovation insights.

TCS Q2FY25 Results Takeaways: PAT, revenue, attrition rate, margin, and interim dividend announced in Tata group IT firm's July-September results

TCS Q2FY25 Results Takeaways: PAT, revenue, attrition rate, margin, and interim dividend announced in Tata group IT firm's July-September results

Thu, Oct 10, 2024

TCS Q2FY25 Results Takeaways: The IT company's consolidated profit after tax (PAT) in the second quarter jumped 5 per cent to Rs 11,909 crore from Rs 11,342 crore Year-on-Year (YoY).

TCS launches new Internet of Things engineering lab in the US

TCS launches new Internet of Things engineering lab in the US

Tue, Jun 11, 2024

The lab in Cincinnati, Ohio, is designed to support the rapid prototyping, experimentation and large-scale implementation of AI, GenAI, and IoT engineering solutions, TCS said in a statement.

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Tata Sons appoints N Chandrasekaran as new executive chairman

Tata Sons appoints N Chandrasekaran as new executive chairman

Thu, Jan 12, 2017

Tata Sons on Thursday announced appointment of Tata Group's IT firm TCS former managing director and chief executive officer N Chandrasekaran as the new executive chairman of the company.

TCS reports 11% rise in Q3 net profit

TCS reports 11% rise in Q3 net profit

Thu, Jan 12, 2017

The shares of the company closed at Rs 2343, up 0.87% or Rs 20.25 on BSE.

Tata Consultancy Services to announce third quarter results today; here's what to expect

Tata Consultancy Services to announce third quarter results today; here's what to expect

Thu, Jan 12, 2017

Sandip Agarwal and Pranav Kshatriya analysts of Edelweiss Financial Services said, “TCS’ execution capability, client relationships and leadership are impeccable. We believe, few niggling issues like LATAM, Diligenta and Japan, which have taken a toll on the company’s overall growth rate in past few quarters, are probably in the last leg and be largely over by FY18."

India's Tata calls for final meeting to oust ex-chairman Mistry

India's Tata calls for final meeting to oust ex-chairman Mistry

Fri, Jan 06, 2017

India`s salt-to-steel conglomerate Tata Sons Friday cranked up its legal tussle with ousted chairman Cyrus Mistry by calling for a shareholders` meeting to remove him from its board.

Nearly 200 stocks hit 52-week high on BSE

Nearly 200 stocks hit 52-week high on BSE

Thu, Jan 05, 2017

Nearly 200 stocks on Thursday hit their 52-week high on the BSE, mirroring the strong show by benchmark Sensex which zoomed over 245 points.

Why Cyrus Mistry, Tatas dominated news headlines in 2016

Why Cyrus Mistry, Tatas dominated news headlines in 2016

Tue, Dec 27, 2016

Tata Sons announced surprise removal of its former chairman Cyrus Mistry from the company's board in October this year leading to other Tata Group companies following its footsteps to expel him from their board rooms, that kept Mistry and Tatas in the news in 2016.

Tata stocks gain as Cyrus Mistry resigns from boards

Tata stocks gain as Cyrus Mistry resigns from boards

Tue, Dec 20, 2016

Mistry resigned from entire Tata Companies. He was on board of seven listed Tata companies namely - Tata Chemicals, Tata Consultancy Services, Tata Motors, Tata Steel, Indian Hotel, Tata Teleservices and Tata Power.

Removal from Tata Teleservices not surprising, Mistry says

Removal from Tata Teleservices not surprising, Mistry says

Thu, Dec 15, 2016

After being ousted from the third Tata Group company, Cyrus Mistry, former chairman of Tata Sons on Wednesday said that his removal was anticipated.

After TCS, Tata Teleservices' shows Cyrus Mistry the exit gate

After TCS, Tata Teleservices' shows Cyrus Mistry the exit gate

Wed, Dec 14, 2016

It said,"The Extraordinary general meeting was held on Wednesday and the ordinary resolution was passed unanimously as a result of which CP Mistry has ceased to be a Director and consequently Chairman of the Tata Teleservices with immediate effect."

Over 70% non-promoters voted against my removal or abstained: Mistry

Over 70% non-promoters voted against my removal or abstained: Mistry

Wed, Dec 14, 2016

Cyrus Mistry, former chairman at Tata Sons, who was also ousted from Tata Consultancy Services (TCS) responded to his ‘vote out’ with a thank you letter to the shareholders.

Board fights will have no impact on Tata Group, Moody's says

Board fights will have no impact on Tata Group, Moody's says

Wed, Nov 30, 2016

Kaustubh Chaubal, a Moody's Vice President and Senior Analyst said, "We expect that Tata Sons can continue to extend support to its key operating companies, should the need arise, owing to its substantial cash holdings and the significant value of its listed equity investments, and despite an ongoing boardroom reshuffle."

Tata Chemicals EGM to consider removal of Cyrus Mistry, Nusli Wadia

Tata Chemicals EGM to consider removal of Cyrus Mistry, Nusli Wadia

Mon, Nov 28, 2016

Tata Sons' statement said, "Nusli Wadia acting in concert with Cyrus Mistry has been acting against the interests of Tata Chemicals and its principal shareholder by galvanising independent directors and mobilising opinion, forcing disruptions, and issuing a statement that in our view is contrary to the interests of the company."

Former TCS chairman Kohli denies Mistry's IBM claims

Former TCS chairman Kohli denies Mistry's IBM claims

Wed, Nov 23, 2016

He said, "I was actively involved in the decision to bring IBM to India. A JV for hardware manufacturing and support in India, Tata IBM, was set up in 1991-92. This JV was undertaken to promote a computer hardware industry in India which was non-existent at that time."

Mistry counters Tata’s accusations on material contributions to TCS, JLR

Mistry counters Tata’s accusations on material contributions to TCS, JLR

Tue, Nov 22, 2016

In the on-going spat of Mistry vs Tatas, the ousted chairman has hit back with a five page response on Tuesday to Tata Sons’ remarks on how Mistry made no material contributions to the success of Tata Consultancy Services (TCS) and Jaguar Land Rover (JLR).

Tata Consultancy Services calls Dec. 13 shareholder meeting for Mistry vote

Tata Consultancy Services calls Dec. 13 shareholder meeting for Mistry vote

Fri, Nov 18, 2016

In a boardroom coup last month Mistry was removed as chairman of Tata Sons and patriach Ratan Tata is back at the helm temporarily. Days later he was sacked as chairman of TCS in which Tata Sons holds more than 73 percent stake.

Tata removes Cyrus Mistry as TCS chairman; Ishaat Hussain interim chairman

Tata removes Cyrus Mistry as TCS chairman; Ishaat Hussain interim chairman

Thu, Nov 10, 2016

India`s biggest software services exporter, Tata Consultancy Services (TCS), said it received a letter from majority owner Tata Sons nominating Ishaat Hussain as the interim chairman of the company in place of Cyrus Mistry.

Tata in race against time to save global image

Tata in race against time to save global image

Wed, Oct 26, 2016

India`s largest conglomerate Tata faces one of the most turbulent periods in its long history after its shock decision to sack its chairman, analysts say, as it battles to save its global reputation.

CSR spends of 920 firms up nearly 28% to Rs 8,300 crore in 2015-16

CSR spends of 920 firms up nearly 28% to Rs 8,300 crore in 2015-16

Mon, Oct 24, 2016

About 920 companies have witnessed a rise of nearly 28% in their expenditure on corporate social responsibility (CSR) in 2015-16, said PRIME Database in a press release on Monday.

Exits for Tata Group usually the last resort, says Cyrus Mistry

Exits for Tata Group usually the last resort, says Cyrus Mistry

Sun, Oct 02, 2016

Tata Group chairman Cyrus Mistry has said he is "not embarrassed" to admit that exits for the group, which has exited over 40 businesses in 20 years, are usually the last resort and the conglomerate does not take decisions about exiting through a "short-term financial lens".

Sensex closes 35 points higher; Nifty holds 8,800-mark

Sensex closes 35 points higher; Nifty holds 8,800-mark

Mon, Sep 19, 2016

Indian shares ended higher on Monday, posting their fourth straight session of gains, as investors awaited key central bank meetings in the United States (US) and Japan this week for clues on global monetary policies.

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