Key Developments: Tata Consultancy Services Ltd (TCS.BO)

TCS.BO on Bombay Stock Exchange

2,518.00INR
4:59am EST
Price Change (% chg)

Rs58.95 (+2.40%)
Prev Close
Rs2,459.05
Open
Rs2,464.00
Day's High
Rs2,520.25
Day's Low
Rs2,464.00
Volume
50,445
Avg. Vol
88,225
52-wk High
Rs2,834.00
52-wk Low
Rs1,969.78

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Latest Key Developments (Source: Significant Developments)

Tata Consultancy Services Ltd selected for Certification Services and Test Provider for Cloud Data Management Interface
Tuesday, 29 Apr 2014 07:12am EDT 

Tata Consultancy Services Ltd:Says it has been appointed as only Certification Services and Test Provider for Cloud Data Management Interface (CDMI) conformance testing by Storage Networking Industry Association (SNIA).SNIA launched CDMI Conformance Test Program (CTP) for cloud vendors to provide interoperability standards for end users.Cloud storage companies will now be able to utilize TCS' innovative CDMI Conformance Assurance Solution to ensure that their cloud storage products meet SNIA standards with greater efficiency, which leads to faster time-to-market, increased market share and less cost.  Full Article

Tata Consultancy Services Ltd creates strategic Japanese IT Services company by combining forces with Mitsubishi Corporation's IT Frontier Corporation
Monday, 21 Apr 2014 01:30am EDT 

Tata Consultancy Services Ltd:Says that it signed a definitive agreements with Mitsubishi Corporation.creates a strategic Japanese IT Services company by combining forces with Mitsubishi Corporation's IT Frontier Corporation.TCS will hold 51 pct. in the merged entity and Mitsubishi will hold 49 pct.Entities to be operational from July 2014.Terms of the transaction were not disclosed.  Full Article

Tata Consultancy Services recommends dividend
Wednesday, 16 Apr 2014 07:30am EDT 

Tata Consultancy Services Ltd:Recommends dividend of 0.29 Indian rupees on Redeemable Preference Share of one India rupee each.This in compliance of the terms of the issue of the Redeemable Preference Shares, would be paid on pro-rata basis for the period April 01, 2013 till the date of redemption (March 27, 2014).  Full Article

Tata Consultancy Services recommends final dividend
Wednesday, 16 Apr 2014 07:25am EDT 

Tata Consultancy Services Ltd:Recommends Final Dividend of 20 Indian rupees per equity share of one Indian rupee each.Paid on the seventh day from the conclusion of the Annual General Meeting.  Full Article

Tata Consultancy Services launches iElect
Monday, 14 Apr 2014 10:28pm EDT 

Tata Consultancy Services Ltd:Launches iElect — a gamified app on the android platform that generates social insights about India's General Elections in 2014.Says TCS iElect app is a completely new way to observe, analyze and participate in the social conversations around the world's largest general elections.The users of iElect app will have access to fascinating insights and trends on a real-time basis.The app harnesses the power of social media, big data, analytics and mobility to make sense of what seems to be a complex web of conversations.  Full Article

Tata Consultancy Services changes to IFRS 9
Friday, 4 Apr 2014 09:25am EDT 

Tata Consultancy Services Ltd:Says it elected to apply International Financial Reporting Standard (IFRS 9), Financial Instruments, from April 1, 2013, in accordance with the transition provision set out in this standard.IFRS 9 will be applicable to the (i) classification and measurement of financial assets and financial liabilities and (ii) hedge accounting.Prior to the adoption of Phase 1 and Phase 3 of IFRS 9, the Company followed IAS 39, Financial Instruments.This change will reduce the volatility in the company's reported quarterly profit or loss, resulting from the change in the time value of hedging instruments.In accordance with IFRS 9, the change in the time value will be accumulated under Other Comprehensive Income (OCI) in the balance-sheet until the forecasted cash flow occurs, whereupon the accumulated balance will be transferred to the profit & loss account.  Full Article

GDF Suez selects Tata Consultancy Services Ltd to improve efficiency and competitiveness
Tuesday, 25 Mar 2014 02:20am EDT 

Tata Consultancy Services Ltd:Says it won a multi-million, multi year deal from GDF Suez.The engagement will pan across France, Belgium and the Netherlands to rationalize and standardize CRM and billing applications.  Full Article

Tata Consultancy Services Ltd announces partnership with Microsoft Business Solutions
Tuesday, 4 Mar 2014 09:45am EST 

Tata Consultancy Services Ltd:Announced new partnership with Microsoft Business Solutions.Through this strategic partnership, TCS and MBS will collaborate on the development of online and on premise versions of Microsoft Dynamics CRM.As part of this partnership, TCS has developed a development center that will support the upcoming releases and updates to the Microsoft Dynamics CRM Roadmap, namely Mira and Leo.  Full Article

Tata Consultancy Services Ltd fixes record date for third interim dividend
Thursday, 16 Jan 2014 07:19am EST 

Tata Consultancy Services Ltd:Says it has fixed Jan. 28 as the record date for the purpose of payment of third interim dividend.Says the third interim dividend will be paid to the equity shareholders of the Company on Feb. 10.  Full Article

Tata Consultancy Services Ltd declares third interim dividend
Thursday, 16 Jan 2014 07:13am EST 

Tata Consultancy Services Ltd:Says the Board of Directors of the company at its meeting held on Jan. 16, inter alia, have declared a third interim dividend of four Indian Rupees per equity share of one Indian Rupee each of the company.  Full Article

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Tata Consultancy second-quarter earnings misses estimates; shares fall

MUMBAI - Tata Consultancy Services Ltd, India's biggest software services exporter, posted a 13.6 percent rise in quarterly net profit, but missed analyst estimates on weakness in outsourcing demand in Latin America and in some industrial sectors.

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