TCS shares fell more than 2% to Rs 3,248 on NSE on Tuesday after the IT major reported a 10.98% increase in its consolidated net profit at Rs 10,883 crore for the quarter ended December 2022, missing estimates. Company’s consolidated revenue from operations came in at Rs 58,229 crore, up 19.11% against Rs 48,885 crore in the corresponding quarter of the previous fiscal. TCS also announced a divi...

The country’s largest IT services exporter TCS on Monday reported an 11 per cent jump in the December quarter net profit to Rs 10,846 crore, led by overall growth and forex gains.The Tata group company had reported a post-tax net profit of Rs 9,769 crore in the year-ago period.Overall revenue grew 19.1 per cent to Rs 58,229 crore for the reporting quarter from Rs 48,885 crore in the year-ago p...

NSE Nifty 50 index witnessed elevated volatility as it oscillated by ~1200 points last week tracking global volatility on account of US inflation data. The weekly price action formed an inside bar that confined within last week’s trading range of 17428-16855, indicating extended consolidation while absorbing elevated global volatility. In the process, despite rising volatility, India VIX (which ...

TCS share price rose half a per cent to Rs 3140 on NSE on Tuesday after the company declared its September quarter earnings with profitability surpassing the Rs 10,000-crore mark. Tata Consultancy Services’ Q2 results beat street expectations on most counts, with net profit growing over 8 per cent, revenue rising over 18 per cent, attrition peaking, margins coming in above estimates, strong de...

Indian benchmark indices NSE Nifty 50 and BSE Sensex are likely to open on a muted note amid weak global cues. SGX Nifty hinted at a flat start for Indian equities as Nifty futures were trading just 16 pts or 0.09% up on the Singapore Exchange. “Due to lack of positive strength in global markets and persisting worries about more rate hikes by the key central banks going ahead, investors are not ...