Benchmark indices Sensex and Nifty ended largely flat on Wednesday, with the 30-share Sensex snapping its three-day gaining streak, while Nifty managed to close marginally higher. The subdued close came amid a sharp selloff in IT stocks, with heavyweights such as TCS, Persistent and Infosys tumbling up to 3%. The BSE Sensex ended 40 points […]
Sensex, Nifty, Stock Price Live Updates 6 February: Benchmark indices Sensex and Nifty came off their early lows in the afternoon session on Friday. The RBI in its Monetary Policy meeting held the repo rate steady at 5.25%. At 1:27 pm, Sensex was at 83,207.24, down 106.69 pts or 0.13% lower. Nifty was at 25,570.00, […]
India’s leading IT services companies may continue to prefer share buybacks over higher dividends, even after recent tax changes announced in the Union Budget, according to market expert Sushovan Nayak from Anand Rathi Institutional, who believes the revised framework makes buybacks more efficient for both companies and many shareholders. Speaking to ET Now, Nayak said […]
The budget has made an effort to simplify tax collection by proposing threshold and rate changes in tax collected at source (TCS), offering significant relief to overseas travellers, parents with children pursuing foreign education and those going for medical treatment.TCS on education and medical remittances has been lowered to 2% from 5%. Foreign tour packages […]
Tata Consultancy Services Ltd. has struck a strategic alliance with chipmaker Advanced Micro Devices Inc. to accelerate the deployment of AI for enterprise clients, a move that underscores the company’s pivot to become the world’s largest AI services company. Tata Consultancy Services is in the throes of a pivot to become the world’s largest AI-led […]
Microsoft Corp. has tied up with Cognizant, Infosys, TCS and Wipro to accelerate the adoption of agentic AI, CEO Satya Nadella said on Thursday. Microsoft CEO Satya Nadella. (PTI) These companies will deploy over 50,000 Microsoft Copilot licenses, setting up a new benchmark for enterprise-scale AI adoption, according to a statement. “There’s great momentum in […]
OpenAI is said to be in advanced talks to partner Tata Consultancy Services Ltd. to build AI infrastructure in India. That’s seen as a win-win for the world’s largest AI company and what can become the world’s largest AI-led services company. A TCS-OpenAI deal would also mark the beginning of Stargate in India. (Reuters) The […]
Mumbai: A US Court of Appeals has upheld a District Court decision against Tata Consultancy Services Ltd. that required India’s largest software-services exporter to pay $194 million in damages in a matter related to a trade secrets dispute. An injuction, now vacated, in the trade-secrets lawsuit would have limited TCS’s ability to conduct business using […]