Tcs

Sensex Hovers At 41,300; TCS, Hindustan Unilever Top Gainers, ONGC, ICICI Bank Weak

Business | Edited by Peter Noronha (with inputs from agencies) | Monday February 17, 2020

Meanwhile, reports suggest that telecom operators Bharti Airtel, Vodafone Idea and Tata Teleservices will make payments towards adjusted gross revenue (AGR)-related dues during the course of the day to avoid stringent punitive action from the Department of Telecommunications.

Finance Bill 2020 Proposes Amendment To Levy 5% Tax On Overseas Remittance

Business | ANI | Saturday February 15, 2020

In a statement on Friday, the Ministry of Finance said, "The government imposed a tax collection at source (TCS), akin to TDS on remittances after an internal survey by the income tax department which showed that not only year-on-year more and more money is being sent under LRS but also a large number of those sending out money had not filed income...

Budget Proposes 5% Tax Deduction On Foreign Tour Packages, Remittances Abroad

Business | Indo-Asian News Service | Tuesday February 4, 2020

New TDS provision has been introduced on foreign remittance. Authorized foreign exchange dealer receiving an amount of Rs 7 lakh or more in a financial year for remittance out of India under the liberalised remittance scheme (LRS) of the RBI shall collect TCS (tax collected at source) of 5 per cent from the buyer, being a person remitting such amou...

Wipro's CEO Departs After Failing To Stanch Market Share Bleed

India News | Saritha Rai, Bloomberg | Friday January 31, 2020

Wipro Ltd Chief Executive Officer Abidali Z Neemuchwala is leaving after a turbulent four years during which growth stalled and the Indian IT services giant fell farther behind rivals Infosys and Tata Consultancy Services (TCS).

Sensex Slips More Than 100 Points Ahead Of Economic Survey; ONGC, TCS, RIL Drag

Business | Edited by Peter Noronha | Friday January 31, 2020

The broader markets were also trading weak; the BSE Midcap index had 62 points or 0.4 per cent at 15,494 and the smallcap index had lost 41 points or 0.2 per cent at 14,663.The Economic Survey is to be presented by Chief Economic Advisor (CEA) Krishnamurthy Subramanian in the afternoon, a day ahead of the Budget.

TCS Weakens On Muted Q3 Numbers

Business | Edited by Peter Noronha | Monday January 20, 2020

Post market hours on Friday, the country's largest software services company reported net profit of Rs 8,118 crore in the quarter ended December 2019, marking an increase of 0.9 per cent from profit of Rs 8,042 crore in the previous quarter. TCS' revenue from operations rose 2.25 per cent to Rs 39,854 crore from Rs 38,977 crore in the previous quar...

TCS December Quarter Profit At Rs 8,118 Crore, Meets Estimates

Business | Written by Abhishek Vasudev | Friday January 17, 2020

TCS' revenue in constant currency terms rose 6.8 per cent year-on-year, the company said in an earnings release.

Sensex, Nifty End Flat; Reliance Industries Gains, TCS Falls Ahead Of Earnings

Business | Written by Abhishek Vasudev | Friday January 17, 2020

Six of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Bank index's 0.8 per cent fall.

Sensex, Nifty Remain Subdued As Banking Stocks Drag

Business | Edited by Peter Noronha | Friday January 17, 2020

Asian shares inched higher on Friday; MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.19% and Japan's Nikkei added 0.55%. But investors will be closely watching key Chinese economic data for clues on whether its slowdown is starting to bottom out.

Markets Likely To Have A Muted Opening

Business | Edited by Peter Noronha | Friday January 17, 2020

Asian shares inched higher on Friday; MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.19% and Japan's Nikkei added 0.55%. But investors will be closely watching key Chinese economic data for clues on whether its slowdown is starting to bottom out.

"Wont Pursue Executive Chairmanship Of Tata Sons": Cyrus Mistry

Business | Edited By Abhishek Vasudev | Sunday January 5, 2020

Mr Mistry also made it clear that he does not intend to pursue executive chairmanship of Tata Sons, or directorship of TCS, Tata Teleservices or Tata Industries.

TCS Moves Supreme Court Against Cyrus Mistry's Reinstatement

Business | Indo-Asian News Service | Saturday January 4, 2020

Last month, NCLAT had restored Mr Mistry as executive chairman of Tata Sons and ruled that appointment of N Chandrasekaran was "illegal".

Tata Group Shares Spike After Tatas Go To Supreme Court Over Cyrus Mistry's Reappointment

Business | Edited by Peter Noronha | Thursday January 2, 2020

Tata Sons has challenged the NCLAT judgement and sought a stay on it in the wake of TCS board meeting, scheduled on January 9. Tata's lawyers will seek urgent hearing on the matter after apex court reopens on Jan 6, after the year-end break.

Sensex Declines Over 300 Points, Nifty Ends Below 12,200 On Last Trading Day Of 2019

Business | Edited by Peter Noronha | Tuesday December 31, 2019

The Nifty Auto Index consisting of 15 auto and auto-ancilliaries fell as much as 0.9 per cent. Bajaj Auto, Hero MotoCorp and M&M lost around 1 per cent each. The Nifty Bank index - comprising stocks of 12 major lenders - fell as much as 0.6 per cent. The prominent losers included IndusInd Bank, ICICI Bank and Bank of Baroda, declining between ...

Sensex, Nifty Little Changed On Flat Asian Cues

Business | Written by Abhishek Vasudev | Tuesday December 24, 2019

Gains in HDFC, ICICI Bank, Larsen & Toubro, TCS and Maruti Suzuki were offset by losses in Reliance Industries, HDFC Bank, Infosys, Axis Bank and HCL Technologies.