You are here: Home >> English News & Features >> BUSINESS & ECONOMY

What TCS’s Q3 numbers foretell

DNMUM429748 | 1/11/2019 | Author : Edit | WC :212 | Opinion & Viewpoint

DNA Money Edit



The earnings season is off to a flying start with software services behemoth Tata Consultancy Services (TCS) posting a 24.1% rise in the third quarter profit. Buoyed by strong gains from its banking, financial services and insurance (BFSI) segment, the IT giant posted a record net profit of Rs 8,105 crore. As per Rajesh Gopinathan, CEO and MD, the company has wrapped up 2018 with strong revenue growth of 12.1% in the October-December period, which is the highest in 14 quarters.
Despite its diversification, TCS has continued its focus on the BFSI segment. Its operating margins have been buoyant amid the rupee volatility and the higher cost of doing business in some major markets, especially the US. The company added 6,827 e
Read full story


Copyright restricted. Under license from www.dnasyndication.com   
Add To Lightbox
Calculate Price

More on BUSINESS & ECONOMY

Need money urgently? Here are some options
DNMUM433869 | 3/25/2019 12:00:00 AM | Author : Kumar Shankar Roy | WC :1160

Mumbai: It was Asia’s richest man Mukesh Ambani who helped his younger brother Anil avert jail. ‘Mota bhai’ stepped for his sibling, who completed the required payment just ahead of the court’s one-month deadline. Not everybody has an elder bro
Add To LightboxCalculate Price

Share wealth in a form your heirs are comfortable with
DNMUM433870 | 3/25/2019 12:00:00 AM | Author : Vivek Kaul | WC :693

“Okay, Sanjana,” talk to you later, she said.“That was a long call,” I said.“Yes, my cousin Sanjana.”“What were you guys talking about?”“What else but real estate.”“Interesting.”“Yes, they know that I know you, V. Hence, the questions.”“W
Add To LightboxCalculate Price

The cost of flying high
DNMUM433878 | 3/25/2019 12:00:00 AM | Author : Praveena Sharma | WC :1315

In 2012, when the government-owned State Bank of India (SBI) rejected Kingfisher Airlines’ application for a working capital loan of Rs 200 crore, the Vijay Mallya-owned airline was pushed into the turbulence zone.After that, the full-service carrier
Add To LightboxCalculate Price

Hind Glass says will repay `2,500 crore loan by April
DNMUM433879 | 3/25/2019 12:00:00 AM | Author : Sumit Moitra | WC :383

Kolkata: In a relief to banks like State Bank of India (SBI), debt-ridden glass packaging major, Hindustan National Glass and Industries Ltd (HNGI), has promised its bankers to repay the complete outstanding amount of Rs 2,500 crore by April 2019. A
Add To LightboxCalculate Price