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People walk past the Bombay Stock Exchange (BSE) building in Mumbai, Monday,(PTI)

Six of top-10 most valued firms add over 1.13 lakh crore

PTI
PUBLISHED ON JAN 17, 2021 10:59 AM IST
Reliance Industries Ltd (RIL), Tata Consultancy Services (TCS), HDFC Bank, Infosys, ICICI Bank and Bharti Airtel were the gainers.
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V Ramakrishnan, chief financial officer at TCS, said the company saw strong growth across all its verticals.(Reuters File Photo)
V Ramakrishnan, chief financial officer at TCS, said the company saw strong growth across all its verticals.(Reuters File Photo)

IT major TCS records strongest third quarter growth in 9 years, net profit rises 7.2%

By Press Trust of India | Posted by Srivatsan K C | Mumbai
UPDATED ON JAN 08, 2021 07:12 PM IST
Revenue of the city-based firm grew 5.4 per cent in the quarter under review to Rs 42,015 crore from Rs 39,854 crore in the corresponding period last fiscal
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Shareholders had last month approved Wipro’s buyback plan for the purchase of up to 23.75 crore equity shares at Rs 400 per share, aggregating to an amount of up to Rs 9,500 crore.(Mint Photo)
Shareholders had last month approved Wipro’s buyback plan for the purchase of up to 23.75 crore equity shares at Rs 400 per share, aggregating to an amount of up to Rs 9,500 crore.(Mint Photo)

Wipro’s Rs 9,500 crore share buyback to start tomorrow. Here’s all you need to know

By hindustantimes.com | Edited by Meenakshi Ray | Hindustan Times, New Delhi
PUBLISHED ON DEC 28, 2020 09:51 PM IST
Wipro had last year undertaken a buyback programme of 32.31 crore shares at Rs 325 apiece, aggregating to about Rs 10,500 crore.
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The valuation of ICICI Bank gained Rs 9,031.76 crore to Rs 3,55,529.51 crore.(File Photo)
The valuation of ICICI Bank gained Rs 9,031.76 crore to Rs 3,55,529.51 crore.(File Photo)

Market capitalisation of eight of top 10 most valuable firms zoom Rs 1.53 lakh crore

By Press Trust of India | Posted by Nilavro Ghosh | New Delhi
PUBLISHED ON DEC 13, 2020 12:27 PM IST
The list of gainers included Reliance Industries Ltd (RIL), Tata Consultancy Services, Hindustan Unilever Ltd, Infosys, HDFC, Kotak Mahindra Bank, ICICI Bank and Bharti Airtel, while HDFC Bank and Bajaj Finance witnessed erosion from their valuation.
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West Bengal Chief Minister Mamata Banerjee.(ANI file photo)
West Bengal Chief Minister Mamata Banerjee.(ANI file photo)

Bengal government to provide tabs to 9.5 lakh students to facilitate online education

By HT Correspondent | Hindustan Times, Kolkata
UPDATED ON DEC 03, 2020 06:59 PM IST
There are around 36,000 government and government-aided secondary schools, around 14,000 higher secondary schools and 636 madrasahs in the state.
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Logos of Tata Consultancy Services (TCS) are displayed at the venue of the annual general meeting of the software service provider in Mumbai in this file photo.(Reuters Photo)
Logos of Tata Consultancy Services (TCS) are displayed at the venue of the annual general meeting of the software service provider in Mumbai in this file photo.(Reuters Photo)

TCS shareholders approve buyback plan. Here’s what you need to know

By hindustantimes.com | Edited by Meenakshi Ray | Hindustan Times, New Delhi
PUBLISHED ON NOV 19, 2020 09:18 AM IST
Rajesh Gopinathan, TCS chief executive and managing director, had said earlier that the company is focused on its policy to return capital to shareholders.
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A private security guard stands at the exit gate of the headquarters of Tata Consultancy Services (TCS) in Mumbai.(REUTERS)
A private security guard stands at the exit gate of the headquarters of Tata Consultancy Services (TCS) in Mumbai.(REUTERS)

TCS set to acquire Postbank Systems

By Ayushman Baruah | Livemint, Bengaluru
PUBLISHED ON NOV 10, 2020 04:58 AM IST
The deal value was not disclosed. The transaction is expected to be complete by the year-end, subject to regulatory approvals.
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Ratan Tata (R) and Cyrus Mistry(Kalpak Pathak/HT File Photo)
Ratan Tata (R) and Cyrus Mistry(Kalpak Pathak/HT File Photo)

Mistry family proposes share swap to exit Tatas

By Jayshree P Upadhyay | Mint, Mumbai
UPDATED ON OCT 30, 2020 05:08 AM IST
or the unlisted Tata group companies, the SP group has sought an independent valuation followed by payment in cash or in listed securities.
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On BSE, TCS shares rose as much as 8.1% to a record Rs 2,727, before surrendering some gains to close at a record Rs 2,706.85 and a market capitalisation of Rs 10.15 lakh crore.(Bloomberg)
On BSE, TCS shares rose as much as 8.1% to a record Rs 2,727, before surrendering some gains to close at a record Rs 2,706.85 and a market capitalisation of Rs 10.15 lakh crore.(Bloomberg)

Tata Consultancy Services hits Rs 10L-cr m-cap on IT optimism, buyback

By Ravindra Sonavane and Romita Majumdar | livemint, Mumbai
UPDATED ON OCT 06, 2020 04:39 AM IST
Tata Consultancy Services Ltd (TCS) became the second Indian company to eclipse 10 lakh crore in market value as continued optimism over demand for technology services and a proposed share buyback drove up its stock for the sixth straight day.
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JEE main 2020.(HT file)
JEE main 2020.(HT file)

JEE main 2020: Punjab authorities following SOPs to ensure safety of candidates

By Deepa Sharma Sood| Edited by Akhilesh Nagari | Hindustan Times, Ludhiana
UPDATED ON AUG 31, 2020 09:18 PM IST
JEE main 2020: The exams will be conducted by the Tata Consultancy Services. In Ludhiana single examination centre has been set up at ION digital zone, near Sherpur Chowk for this purpose.
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Currently, over 95% of Wipro employees are working from home and the future is expected to be a hybrid model.(Hemant Mishra/Mint File Photo)
Currently, over 95% of Wipro employees are working from home and the future is expected to be a hybrid model.(Hemant Mishra/Mint File Photo)

Wipro chief Rishad Premji says firm has no plans for layoffs

By Ayushman Baruah | Mint, Bengaluru
UPDATED ON JUL 13, 2020 11:20 PM IST
Globally, the information technology (IT) industry has witnessed massive layoffs in recent months as business slowed down.
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The open office is aimed to improve collaboration and proficiency among employees. In a post-Covid-19 world, this translates into zero social distancing, not to mention multiple shared surfaces.(Bloomberg photo)
The open office is aimed to improve collaboration and proficiency among employees. In a post-Covid-19 world, this translates into zero social distancing, not to mention multiple shared surfaces.(Bloomberg photo)

Does concept of open offices make sense in a post-pandemic world?

By Dhamini Ratnam | Hindustan Times, New Delhi
UPDATED ON MAY 02, 2020 06:52 PM IST
As the Covid-19 pandemic spread across the globe in Feb, most workplaces around the country (and the world) began to implement rules among employees to avoid clusters, maintain physical distance, wear masks, sanitise hands and avoid biometric entry.
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This is the second initiative by TCS iON during the time of the COVID-19 pandemic.(Mint file)
This is the second initiative by TCS iON during the time of the COVID-19 pandemic.(Mint file)

Coronavirus lockdown: TCS offers free, 15-day digital certification programme

By Press Trust of India | Bangaluru
PUBLISHED ON APR 06, 2020 03:11 PM IST
The programme, offered on the TCS iON Digital Learning Hub platform, is followed by an online digital assessment and certification, according to a TCS statement.
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Shares inched lower on Tuesday, led by losses in information technology stocks(REUTERS)
Shares inched lower on Tuesday, led by losses in information technology stocks(REUTERS)

Sensex, Nifty edge lower as investors lock in profits

By Reuters | Bengaluru
UPDATED ON DEC 10, 2019 10:58 AM IST
The NSE Nifty 50 index was down 0.14% at 11,920.95 and the benchmark BSE Sensex fell 0.12% to 40,435.71 by 0417 GMT.
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Sensex and Nifty fell during the early trade on Tuesday as the streets continued to react negatively to the Budget proposal.(Reuters File Photo)
Sensex and Nifty fell during the early trade on Tuesday as the streets continued to react negatively to the Budget proposal.(Reuters File Photo)

Sensex down 209 points, Nifty at 11,481

By Indo Asian News Service | Mumbai
UPDATED ON JUL 09, 2019 01:30 PM IST
The proposal to increase minimum public shareholding of listed companies to 35 per cent, tax on buybacks, and especially the surcharge on foreign portfolio investors has not been received well by the investor community.
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Salil Parekh, the chief executive officer of Infosys, took home a pay package of Rs 24.67 crore in the last financial year.(Mint /File Photo)
Salil Parekh, the chief executive officer of Infosys, took home a pay package of Rs 24.67 crore in the last financial year.(Mint /File Photo)

Infosys CEO Salil Parekh drew a pay package of Rs 24.67 crore in FY19

By Press Trust of India | New Delhi
UPDATED ON MAY 20, 2019 05:43 PM IST
Salil Parekh, who joined Infosys in January 2018, received Rs 6.07 crore in fixed salary and Rs 10.96 crore in bonus, incentives and variable pay in 2018-19.
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A private security guard stands at the exit gate of the headquarters of Tata Consultancy Services (TCS) in Mumbai.(Reuters file photo for representation.)
A private security guard stands at the exit gate of the headquarters of Tata Consultancy Services (TCS) in Mumbai.(Reuters file photo for representation.)

TCS shares end flat ahead of March quarter earnings announcement

By Press Trust of India | New Delhi
UPDATED ON APR 12, 2019 05:10 PM IST
Shares of Tata Consultancy Services closed flat Friday ahead of the announcement of its March quarter earnings later in the day.
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Tata Consultancy Services, India’s biggest software services exporter, posted a 24.1 percent rise in third quarter net profit on Thursday, helped by strong gains from its Banking, Financial Services And Insurance segment.(Hemant Mishra/mint)
Tata Consultancy Services, India’s biggest software services exporter, posted a 24.1 percent rise in third quarter net profit on Thursday, helped by strong gains from its Banking, Financial Services And Insurance segment.(Hemant Mishra/mint)

Tata Consultancy Services posts record quarterly profit of Rs 8105 crore

By Reuters | Reuters
UPDATED ON JAN 10, 2019 05:53 PM IST
The Mumbai-based company posted a record net profit of 81.05 billion rupees ($1.15 billion) in the third quarter ended December 31, versus 65.31 billion rupees it reported a year earlier.
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TCS, Asia’s largest outsourcer, and rivals Infosys and Wipro have all been squeezed by the Trump administration to hire more Americans on US soil.(Bloomberg)
TCS, Asia’s largest outsourcer, and rivals Infosys and Wipro have all been squeezed by the Trump administration to hire more Americans on US soil.(Bloomberg)

TCS cleared by jury of claims of favouring Indians over Americans

By Kartikay Mehrotra | Bloomberg
UPDATED ON NOV 29, 2018 08:56 AM IST
Tata Consultancy Services Ltd, Asia’s largest outsourcer, and rivals Infosys and Wipro have all been squeezed by the Trump administration to hire more Americans on US soil.
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Prime Minister Narendra Modi interacting with the IT electronic manufacturing Professionals on Self4Society, at the launch of the "Main Nahin Hum" Portal & App, in New Delhi on October 24.(PTI Photo)
Prime Minister Narendra Modi interacting with the IT electronic manufacturing Professionals on Self4Society, at the launch of the "Main Nahin Hum" Portal & App, in New Delhi on October 24.(PTI Photo)

PM Narendra Modi calls for ‘tax-plus one’ system, urges citizens to help build nation

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON OCT 25, 2018 07:37 AM IST
PM Modi launched the ‘Main Nahi Hum’ portal to help firms use their technology and resources towards various social causes.
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A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(REUTERS)
A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(REUTERS)

Top 10 companies lose Rs 2,55,995 cr in m-cap; RIL worst hit

By Press Trust of India | New Delhi
UPDATED ON OCT 07, 2018 05:17 PM IST
From the top 10 pack, RIL’s market capitalisation (m-cap) plummeted Rs 1,32,061.4 crore to Rs 6,65,441.16 crore.
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The project, signed between Bihar Police and TCS, will cover 1,326 locations, including 894 police stations and 380 higher offices in the state.(HT File Photo)
The project, signed between Bihar Police and TCS, will cover 1,326 locations, including 894 police stations and 380 higher offices in the state.(HT File Photo)

Bihar police ink deal with TCS for digital crime and criminal tracking project

By Avinash Kumar | Hindustan Times, Patna, Patna
UPDATED ON SEP 07, 2018 12:13 PM IST
The project will cover 1,326 locations which will be equipped with IT hardware, viz, desktops, printers, digital camera, digital pen, networking equipment, etc., which would be connected to the state data centre.
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Tata Consultancy Services Tuesday became the second Indian company to attain a market valuation of over Rs 8 lakh crore mark following surge in its share price.(Reuters File Photo)
Tata Consultancy Services Tuesday became the second Indian company to attain a market valuation of over Rs 8 lakh crore mark following surge in its share price.(Reuters File Photo)

TCS becomes 2nd firm to hit Rs 8 lakh crore market capitalisation mark

By Press Trust of India | New Delhi
PUBLISHED ON SEP 04, 2018 02:42 PM IST
Earlier on August 23, Reliance Industries (RIL) became the first Indian company to cross the Rs 8 lakh crore market capitalisation mark.
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People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, December 18, 2017. REUTERS/Shailesh Andrade/File Photo(REUTERS)
People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, December 18, 2017. REUTERS/Shailesh Andrade/File Photo(REUTERS)

Sensex falls for fifth day on rising crude prices, Rupee woes

By PTI | Mumbai
UPDATED ON SEP 04, 2018 04:52 PM IST
Tata Consultancy Services Ltd jumped 2 percent and became the second Indian company to reach a market capitalisation of 8 trillion rupees ($112.53 billion) after Reliance Industries Ltd.
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Shares for the Mukesh Ambani-helmed company jumped by 5.8% on Thursday, sending the market value to Rs 6.9 trillion.(Abhijit Bhatlekar/Mint)
Shares for the Mukesh Ambani-helmed company jumped by 5.8% on Thursday, sending the market value to Rs 6.9 trillion.(Abhijit Bhatlekar/Mint)

Reliance gives India second $100-billion firm in three months

By Bhuma Shrivastava and Santanu Chakraborty
PUBLISHED ON JUL 16, 2018 10:56 AM IST
Shares for Reliance jumped by 5.8% on Thursday, sending the market value to 6.9 trillion rupees. Reliance is the second Indian corporate after Tata Consultancy Services to surpass the $100 billion value mark since April.
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Reliance is on the cusp of transformation as it hopes to get as much as half of its revenue from newer consumer businesses and reducing its dependence on traditional oil-refining and petrochemical segments.(Reuters/Photo for representation)
Reliance is on the cusp of transformation as it hopes to get as much as half of its revenue from newer consumer businesses and reducing its dependence on traditional oil-refining and petrochemical segments.(Reuters/Photo for representation)

Reliance gives India second $100-billion firm in three months

By Bhuma Shrivastava and Santanu Chakraborty | Bloomberg, Mumbai
UPDATED ON JUL 12, 2018 06:30 PM IST
Shares for Reliance jumped by 5.8% on Thursday, sending the market value to 6.9 trillion rupees. Reliance is the second Indian corporate after Tata Consultancy Services to surpass the $100 billion value mark since April.
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Mukesh Ambani, CMD of Reliance Industries, attends a convocation at the Pandit Deendayal Petroleum University in Gandhinagar on September 23, 2017.(REUTERS)
Mukesh Ambani, CMD of Reliance Industries, attends a convocation at the Pandit Deendayal Petroleum University in Gandhinagar on September 23, 2017.(REUTERS)

Mukesh Ambani’s Reliance gives India second $100-billion firm in 3 months

By HT Correspondent | Bhuma Shrivastava and Santanu Chakraborty, Bloomberg
UPDATED ON JUL 12, 2018 02:50 PM IST
Reliance is the second Indian corporate after Tata Consultancy Services in April surpassed the $100 billion value mark.
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Rajesh Gopinathan, CEO and managing director of Tata Consultancy Services (TCS) speaks during a press conference announcing the Q1 financial results in Mumbai on July 10, 2018. TCS reported a 24% rise in quarterly earnings thanks to strong growth in its banking and financial services division.(AFP Photo)
Rajesh Gopinathan, CEO and managing director of Tata Consultancy Services (TCS) speaks during a press conference announcing the Q1 financial results in Mumbai on July 10, 2018. TCS reported a 24% rise in quarterly earnings thanks to strong growth in its banking and financial services division.(AFP Photo)

TCS shares jump 6% after better-than-expected Q1 earnings

By Press Trust of India | Press Trust of India, New Delhi
UPDATED ON JUL 11, 2018 03:10 PM IST
The country’s largest software exporter yesterday posted 23.4% rise in consolidated net profit to Rs 7,340 crore for the first quarter ended June 30, 2018.
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TCS shares ended 2.09% higher at Rs 3,540.35 on Bombay Stock Exchange on Thursday.(Photo for representation)
TCS shares ended 2.09% higher at Rs 3,540.35 on Bombay Stock Exchange on Thursday.(Photo for representation)

TCS is first Indian firm to close trading session with $100 bn market cap

By HT Correspondent | Press Trust of India, New Delhi
PUBLISHED ON APR 26, 2018 08:17 PM IST
TCS had became the first Indian IT company on Monday to cross the $100 billion mark in market capitalisation (m-cap) in intra-day trade, but had closed the session at about $98.8 billion in value.
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The Microsoft logo is pictured at a service centre in New Delhi.(REUTERS)
The Microsoft logo is pictured at a service centre in New Delhi.(REUTERS)

Microsoft India most attractive employer brand: Randstad survey

By Press Trust of India | Press Trust of India, New Delhi
UPDATED ON APR 25, 2018 04:28 PM IST
According to the findings of REBR 2018, the other most attractive employer brands in India include Hindustan Unilever, IBM India, ITC Group, Larsen & Toubro, Mercedes-Benz India, Samsung India, Sony India and Tata Consultancy Services.
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