Cognizant Q2 net dips 40% to $252.4 million on higher tax provision
US-based IT services major Cognizant saw its net profit dipping sharply by 40 percent in the June quarter at USD 252.4 million (around Rs 1,600 crore) on higher provisioning for income taxes.
Aug 05, 2016, 16:42 PM IST
Nasscom flags complex billing, invoicing issues in GST regime
The GST regime slated to be rolled out from April 1, 2017, should ensure that issues like complex billing and invoicing requirements and reverse charge on import of services do not impact the export competitiveness of the USD 110 billion sector, industry body Nasscom said on Thursday.
Aug 04, 2016, 21:59 PM IST
Top 8 companies add Rs 46,505 crore in market valuation; TCS shines
Barring CIL and ONGC, rest eight companies, including RIL, HDFC Bank, ITC and Infosys saw addition in their market capitalisation (m-cap) for the week ended Friday.
Jul 31, 2016, 10:52 AM IST
TCS top Indian IT employer; Infosys, Cognizant and Wipro next
According to the National Association of Software and Services Companies` (Nasscom) annual rankings of top IT-BPM (business process management) employers in the country for 2016, TCS heads the Indian IT industry, with 362,079 employees.
Jul 25, 2016, 14:22 PM IST
M-cap of BSE-listed firms hits record high of Rs 107 lakh crore
The total market valuation of the BSE-listed companies surged to an all-time high of Rs 107 lakh crore Thursday.
Jul 21, 2016, 15:30 PM IST
Top 8 companies add Rs 57,965 crore in m-cap, HDFC Bank gains most
The combined market valuation of eight of the top 10 most valued Indian companies surged by Rs 57,965.56 crore last week amid a positive broader market trend.
Jul 17, 2016, 10:27 AM IST
Good Europe, India show pushes TCS net up 10% to Rs 6,317 crore
In its best performance in six quarters, IT giant TCS Thursday reported 9.9 percent jump in net profit at Rs 6,317 crore for the April-June period, buoyed by multi-billion dollar deals in Europe and North American markets.
Jul 14, 2016, 17:01 PM IST
TCS to be levied above Rs 2 lakh only if payment in cash: CBDT
CBDT has issued a new circular clarifying that the Tax Collected at Source (TCS) levy will not be applicable when cash part of the payment for certain goods or services is less than Rs 2 lakh, even when the total payment is more than this amount.
Jun 27, 2016, 15:05 PM IST
Companies with UK exposure trade mixed ahead of Brexit vote outcome
Shares of companies with exposure to the UK saw mixed trading ahead of the crucial 'Brexit' referendum outcome.
Jun 23, 2016, 14:54 PM IST
TCS tax liabilities more than double to Rs 8,000 crore in FY16
Country's largest software services firm Tata Consultancy Services (TCS) saw its tax liabilities more than doubling to Rs 8,148.03 crore in 2015-16 from Rs 3,962.83 in the previous fiscal.
Jun 14, 2016, 19:29 PM IST
Desktops, laptops still popular mode of accessing Internet: TCS
Even as smartphone sales grow at a double-digit pace in the country, desktops and laptops still remain the most popular mode of accessing Internet by teenagers, a survey by Tata Consultancy Services (TCS) showed.
Jun 12, 2016, 12:33 PM IST
Top four companies add Rs 38,703 crore to market valuation
Four of the top 10 most valued Indian companies together added Rs 38,703 crore to their market valuation last week, with CIL emerging as the biggest gainer.
Jun 05, 2016, 10:56 AM IST
Cash purchase of goods, services over Rs 2 lakh to attract 1% tax
Payment in cash for buying goods and services worth more than Rs 2 lakh with the exception of jewellery will attract 1 percent tax collected at source (TCS) from Wednesday.
May 31, 2016, 22:26 PM IST
Wipro employees to get average 9.5% salary hike this year
Country's third largest software services firm Wipro today said it will hike salaries of its employees in the country by an average 9.5 per cent this fiscal, in line with its larger rivals, TCS and Infosys.
May 30, 2016, 18:10 PM IST
Infosys CEO Vishal Sikka takes home Rs 48.73 crore salary
Vishal Sikka, company's chief executive officer, has a take home salary package of $7.45 million per year for financial year 2015-16.
May 19, 2016, 14:38 PM IST
TCS regains Rs 5 lakh crore market cap
Tata Consultancy Services (TCS), the country's largest software services exporter, has regained a market valuation of over Rs 5 lakh crore.
May 12, 2016, 18:52 PM IST
TCS wins the National Intellectual Property Award 2016
India's leading global IT services provider, Tata Consultancy Services (TCS) was on Tuesday conferred with the prestigious National Intellectual Property Award 2016.
Apr 26, 2016, 23:16 PM IST
Cheap publicity? 'Other passenger didn't even know that he's Kanhaiya Kumar' - Here's other side of story
JNU student leader Kanhaiya Kumar on Sunday alleged that a co-passenger tried to "strangle" him inside an aircraft before a flight from Mumbai to Pune.
Apr 25, 2016, 10:43 AM IST
Is Kanhaiya Kumar lying? 'It was seat issue' - Policeman reveals what 'really' happened
A major controversy erupted after JNU student leader Kanhaiya Kumar alleged that he was assaulted on a Jet Airways flight to Pune on Sunday morning in Mumbai.
Apr 24, 2016, 13:45 PM IST
Hiring in IT sector may drop by 20% this year: Nasscom
As major companies such as TCS and Infosys are putting more focus on automation, less number of people maybe hired in 2016. As per Nasscom, hiring in the IT sector may drop by 20 percent this year
Apr 21, 2016, 20:04 PM IST
