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Midday Market Report: Sensex tumbles 930 points, Nifty slips below 24,400; Airtel, TCS drag

Midday Market Report: Sensex tumbles 930 points, Nifty slips below 24,400; Airtel, TCS drag

Tue, Dec 17, 2024

Sensex plunges 930 points, Nifty slips below 24,400 as trade deficit concerns, FII outflows, and US Fed jitters weigh on markets.

Citi cuts TCS target price by Rs 75, maintains 'sell'; Tata group IT stock declines

Citi cuts TCS target price by Rs 75, maintains 'sell'; Tata group IT stock declines

Mon, Dec 16, 2024

Tata Consultancy Services (TCS) shares faced selling pressure on Monday after foreign brokerage Citi maintained its 'sell' call on the Tata group stock with a reduced target price of Rs 3,935 instead of Rs 4,010 per share earlier.

Bharti Airtel, TCS, ICICI Bank, 2 other blue-chip firms gain Rs 1.1 lakh crore in mcap in a week

Bharti Airtel, TCS, ICICI Bank, 2 other blue-chip firms gain Rs 1.1 lakh crore in mcap in a week

Sun, Dec 15, 2024

Five of the 10 most valued firms added Rs 1,13,117.17 crore to their total market valuation last week with Bharti Airtel stealing the show.

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As its boss moves to Tata HQ, investors fret over TCS future

As its boss moves to Tata HQ, investors fret over TCS future

Sun, Jan 15, 2017

Moving the head of Tata Consultancy Services to the top job at Tata Sons` holding company fills a critical hole for the salt-to-software conglomerate, but it leaves another at its most valuable company ahead of a complex and unpredictable 2017.

Will continue my association with TCS: Chandra to employees

Will continue my association with TCS: Chandra to employees

Sat, Jan 14, 2017

"I have enjoyed every one of the 31-plus incredible years I have spent with the company. The successes TCS and I have enjoyed during this period would not have been possible without the amazing support from all of you, my colleagues," said Chandrasekaran.

Tata Steel appoints N Chandrasekaran as additional director

Tata Steel appoints N Chandrasekaran as additional director

Fri, Jan 13, 2017

Tata Steel on Friday announced appointment of N Chandrasekaran as an additional director of the company.

Attrition rate at Infosys, TCS slows in Q3

Attrition rate at Infosys, TCS slows in Q3

Fri, Jan 13, 2017

The attrition rate at two of India’s top IT firms slowed in the third quarter (Q3) of the financial year (FY17).

India Inc hails N Chandrasekaran elevation as Tata Sons' chairman

India Inc hails N Chandrasekaran elevation as Tata Sons' chairman

Thu, Jan 12, 2017

As Tata Sons named TCS boss N Chandrasekaran as its new chairman ending months of speculation, industry leaders, and Twitterati gave their thumbs up, expressing optimism on the future of the country's largest conglomerate.

Rajesh Gopinathan CFO of TCS replaces N Chandrasekaran as CEO

Rajesh Gopinathan CFO of TCS replaces N Chandrasekaran as CEO

Thu, Jan 12, 2017

TCS has also named N Ganapathy Subramanium, who is currently the President of TCS Financial Solutions, as the new COO.

All you need to know about Tata Sons new executive chairman N Chandrasekaran

All you need to know about Tata Sons new executive chairman N Chandrasekaran

Thu, Jan 12, 2017

Tata Sons on Thursday announced appointment of N Chandrasekaran as the new executive chairman of the company over two months after sudden removal of Cyrus Mistry.

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.

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."

Cyrus Mistry moves contempt application at NCLT against Tatas

Cyrus Mistry moves contempt application at NCLT against Tatas

Wed, Jan 11, 2017

Two investment firms owned by the family of Cyrus Mistry on Wednesday filed a contempt application at NCLT against Tata Sons and its directors including Ratan Tata, alleging violation of the tribunal's order in initiating steps to remove him from the board.

US H1-B Bill, if passed, will erode margins of Indian IT companies

US H1-B Bill, if passed, will erode margins of Indian IT companies

Tue, Jan 10, 2017

The ratings agency said, "If implemented will reduce the talent pool qualifying for such visas and in turn result in either increased employee cost for hiring employees with higher qualification or subcontract work, both of which would increase the cost of operations and pressurise margins."

IT stocks slump 4% on concerns over H1-B visa

IT stocks slump 4% on concerns over H1-B visa

Fri, Jan 06, 2017

IT stocks fell as much as 4% on Friday amid concerns that a bill backing key changes in the H1-B Visa programme, that allows skilled workers from countries like India to fill high-tech jobs in the US, has been re-introduced in the US Congress.

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.

7 among top 10 companies lose Rs 44,928 crore in m-cap; SBI worst-hit

7 among top 10 companies lose Rs 44,928 crore in m-cap; SBI worst-hit

Sun, Dec 25, 2016

Seven of the 10 most valued companies took a combined hit of Rs 44,928 crore in their market valuation last week, with State Bank of India (SBI) reporting maximum losses, even as the benchmark Sensex lost 1.69%.

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.

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.

Tata Sons issues appeal to its stakeholders

Tata Sons issues appeal to its stakeholders

Sun, Dec 11, 2016

Tata Sons on Sunday issued an appeal to all stakeholders of Tata companies thanking them for their continued support in the management's decision to remove Cyrus P Mistry from Tata Group company's board.

Nine of top 10 firms add Rs 56,112 crore in m-cap; ONGC, Reliance Industries shine

Nine of top 10 firms add Rs 56,112 crore in m-cap; ONGC, Reliance Industries shine

Sun, Dec 11, 2016

The combined market valuation of nine of the top 10 most valued companies surged by Rs 56,112 crore last week, as the benchmark indices recorded their best gains since September 2, with ONGC and Reliance Industries Ltd (RIL) emerging as the biggest gainers.

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