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Growth, profitability drive up TCS, HCLTech valuation

For the average, but loyal, Mumbai investor, there’s little to tell one tech frontliner from another – barring size, of course. More often than otherwise, the largest in global outsourcing advance and retreat in lockstep and feature prominently in the core portfolios of Indian investors – institutional and DIY alike.Over the past two years, however, the typical military precision in coordinated stock movement for this cohort is conspicuously absent. Among the Big Five, Tata Consultancy Services (TCS) and HCLTech have…

Tata Consultancy Services: TCS chief says no cutting down on hiring; but wants to end work from home

Tata Consultancy Services (TCS) on Tuesday ruled out cutting down on hiring, saying it has no plans of doing so but it may have to pace hiring according to the evolving demand scenario. TCS is the largest Indian software exporter in terms of headcount, revenue and profit. The statement comes amidst a report that the software industry is going soft on hiring as demand falters from their key markets and some of them are even going back on their campus offers. Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

work from home: HCLTech asks employees to work from office thrice a week or face action

Following the lead of the top IT companies, India's third largest software services firm HCLTech has now asked its employees to report to office thrice a week, failing which they will have to face disciplinary action as per company policy, starting February 19.“All DFS (Digital Foundation Services) employees, irrespective of their band (E0 and above), will be required to work from their designated HCLTech offices for a minimum of three days a week,” according to an email sent by HCLTech's global head – people function…

Yamaha Rolls Out Two New Color Options for FZ-X, Offers Exciting Freebie Deal

Last Updated: February 09, 2024, 13:46 ISTYamaha Rolls Out Two New Color Options for FZ-X. Yamaha's FZ-X gets a stylish upgrade with metallic black & chrome colors. Chrome variant offers free G-Shock watch to first 100 online bookings.Yamaha has introduced vibrant colors for the FZ-X, giving it a fresh appeal in the market.Now available in a sleek metallic black at Rs. 1,36,200/- (ex-showroom) and a dazzling chrome option priced at Rs. 1,39,700/- (ex-showroom), the FZ-X is set to turn heads.The first 100 online…

5 things about AI you may have missed today: TCS partners with Europ assistance, Birlasoft unveils Cogito, and more

TCS partners with Europ assistance for AI-driven IT transformation; Birlasoft unveils Cogito, a transformative generative AI platform; Generative AI raises job loss concerns in entertainment industry; Taylor Swift deepfakes stemmed from online AI challenge, reports Graphika- this and more in our daily roundup. Let us take a look.1. TCS partners with Europ assistance for AI-driven IT transformationTCS secures a multi-year contract with Europ Assistance, becoming its strategic partner to revamp the global IT operating…

tcs aviva deal: TCS wins 15-year deal with UK insurer Aviva

Tata Consultancy Services (TCS) has won a 15-year deal expanding its existing engagement with UK-based insurance provider Aviva, the company said on Tuesday. TCS will transform Aviva’s UK life business and enhance customer experience utilising the TCS BaNCS-based platform. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIndian School of BusinessISB Product ManagementVisitIndian School of BusinessISB Professional Certificate in

TCS looks to double staff in France over next three years

TCS is aiming to double staff in France over the next three years as it sees handsome business growth in the European country, a senior official said on Thursday. At present, the largest Indian IT services company employs 1,600 people in France across four major centres in the country. France is among the fastest growing markets in Europe for TCS, growing much faster than the numbers it reports for the continent, its head of European business, Sapthagiri Chapalapalli, told PTI. Elevate Your Tech Prowess with High-Value…

tech mahindra: Tech Mahindra Q3 profit down 61% at Rs 510 crore in FY24

Tech Mahindra reported a 60.6% year-on-year fall in its net profit for the quarter ended December at Rs 510 crore. The country's fifth largest software services firm cited its business rationalisation measures as well as continuing macroeconomic headwinds impacting its clients across business segments for missing profit estimates.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIndian School of BusinessISB Professional Certificate in…