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Tata Consultancy Services Ltd (TCS.BO)

TCS.BO on Bombay Stock Exchange

2,889.45INR
17 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Philippine Stock Exchange To Buy 8.00 Pct Stake In Philippine Dealing System Holdings Corp
Tuesday, 16 Jan 2018 07:39pm EST 

Jan 17 (Reuters) - Philippine Stock Exchange Inc ::TO BUY 8.00% STAKE IN PHILIPPINE DEALING SYSTEM HOLDINGS CORP FROM TATA CONSULTING SERVICES ASIA-PACIFIC PTE. LTD‍​.  Full Article

Aegon Announces Significant Step To Capture Greater Operational Efficiencies
Thursday, 11 Jan 2018 04:15pm EST 

Jan 11 (Reuters) - Aegon Nv ::AEGON ANNOUNCES SIGNIFICANT STEP TO CAPTURE GREATER OPERATIONAL EFFICIENCIES.US SUBSIDIARY TRANSAMERICA ENTERED INTO AGREEMENT WITH TATA CONSULTANCY SERVICES TO ADMINISTER CO'S US INSURANCE AND ANNUITY BUSINESS LINES​.AGREEMENT IS EXPECTED TO LEAD TO ANNUAL RUN-RATE EXPENSE SAVINGS FOR AEGON OF APPROXIMATELY $70 MILLION INITIALLY, GROWING TO $100 MILLION OVER TIME​.‍TOTAL TRANSITION AND CONVERSION CHARGES ARE ESTIMATED TO AMOUNT TO APPROXIMATELY USD 280 MILLION.‍AGREEMENT, A MULTI-YEAR PARTNERSHIP WITH MORE THAN $2 BLN OF REVENUES TO TCS, IS EXPECTED TO BE COMPLETED BY Q2 2018​​.  Full Article

Tata Consultancy Services CEO Says Europe Can Become Co's Second Largest Market By Next Yr
Thursday, 11 Jan 2018 08:00am EST 

Jan 11 (Reuters) - Tata Consultancy Services Ltd CEO Rajesh Gopinathan ::EXEC SAYS EUROPE CAN BECOME CO'S SECOND LARGEST MARKET BY NEXT YEAR.EXEC SAYS CO IS STILL A FEW QUARTERS AWAY FROM A RECOVERY IN BANKING.  Full Article

Tata Consultancy Services Dec-Qtr Consol Profit Down About 4 Pct
Thursday, 11 Jan 2018 07:05am EST 

Jan 11 (Reuters) - Tata Consultancy Services Ltd ::DEC QUARTER CONSOL NET PROFIT 65.31 BILLION RUPEES VERSUS PROFIT OF 67.78 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR DEC QUARTER CONSOL NET PROFIT WAS 65.18 BILLION RUPEES.DEC QUARTER CONSOL INCOME FROM OPERATIONS 309.04 BILLION .DEC QTR IT ATTRITION RATE (LTM) DOWN 0.2 PCT Q-O-Q TO 11.1 PCT.  Full Article

Tata Consultancy Services Declares Interim Dividend Of 7 Rupees/Shr
Thursday, 11 Jan 2018 07:02am EST 

Jan 11 (Reuters) - Tata Consultancy Services Ltd ::DECLARED INTERIM DIVIDEND OF 7 RUPEES PER SHARE.DEC QUARTER GROSS EMPLOYEE ADDITION OF 12,534.DEC QTR CLIENTS IN $50 MLN + REV BAND UP BY 3; $20 MLN + REV BAND UP BY 7; $10 MLN + REV BAND UP BY 9; $5 MLN + REV BAND UP BY 15 .  Full Article

India's TCS introduces global development center in Hyderabad for Zebra Technologies
Friday, 17 Nov 2017 04:08am EST 

Nov 17 (Reuters) - Tata Consultancy Services Ltd :Says introduces tcs global development center in hyderabad for zebra technologies.  Full Article

Tata Consultancy Services exec says difficult to say when a turnaround in BFS will happen
Thursday, 12 Oct 2017 08:47am EDT 

Oct 12 (Reuters) - Tata Consultancy Services Ltd :Tata Consultancy Services exec says TCS past disruption caused by FinTech‍​.Tata Consultancy Services exec says positive about retail but difficult to say when a turnaround in BFS will happen.Tata Consultancy Services exec says not seeing massive changes in demand environment.Tata Consultancy Services exec says there is some softness but overall demand stable for IT services.Tata Consultancy Services exec says India business has been flat this quarter, expect it to be better going forward.  Full Article

India's Tata Consultancy Services Sept-qtr consol profit down about 2 pct
Thursday, 12 Oct 2017 07:21am EDT 

Oct 12 (Reuters) - Tata Consultancy Services :Sept quarter consol net profit 64.46 billion rupees versus 65.86 billion rupees last year.Consensus forecast for Sept quarter consol net profit was 63.06 billion rupees.Declared interim dividend of 7 rupees per share‍​.Sept quarter consol income from operations 305.41 billion rupees versus 292.84 billion rupees last year.Sept quarter gross employee addition of 15,868 employees.Sept quarter IT attrition rate (LTM) 11.3 percent.Sept quarter clients in $100 million + revenue band up by 1 ; 6 clients each added in $50 million +, $20 million+ and $10 million+ revenue bands.  Full Article

Tata Group weighs streamlining of technology operations - Bloomberg
Wednesday, 19 Jul 2017 09:06am EDT 

July 19 (Reuters) - :Tata Group considering plan to merge several infrastructure businesses into a single company - Bloomberg, citing sources.Tata Group weighs streamlining of technology operations - Bloomberg.Tata Group considering restructuring that would see several of its technology businesses moved under publicly traded Tata Consultancy Services - Bloomberg.  Full Article

India's Tata Consultancy Services says co sees weakness in retail segment
Thursday, 13 Jul 2017 08:22am EDT 

July 13 (Reuters) - Tata Consultancy Services Ltd ::Exec says ‍​volume of small and medium sized digital deals continues to be strong.Exec says retail segment is structurally stressed and co is seeing weakness in that sector.Exec says demand environment is good in transformational services.Exec says strong hiring, including that of trainees, is going on in the U.S..  Full Article

BRIEF-Tata Consultancy Services Expands Partnership With Shure Inc

* SAYS TCS EXPANDS PARTNERSHIP WITH SHURE INC. TO ESTABLISH GLOBAL DEVELOPMENT CENTER Source text - http://bit.ly/2EONQms Further company coverage:

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