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

Reliance says main KG-D6 gas fields in ‘late life stage’
DNMUM439650 | 7/22/2019 12:00:00 AM | Author : DNA Money Correspondent | WC :462

Mumbai: To reverse the decline in production of natural gas fields in KG-D6 block in Bay of Bengal, Reliance Industries (RIL) said it is likely to start production at the three new sets of discoveries in the block by mid-2020.
The production decl
Add To LightboxCalculate Price

Air India asked to freeze appointments, promotions
DNMUM439651 | 7/22/2019 12:00:00 AM | Author : DNA Money Correspondent | WC :486

Mumbai: Even as the process for disinvestment of national carrier Air India is already set in motion, the government has asked the airline management to start new flights only if it is extremely necessary after due diligence of commercial interest. <
Add To LightboxCalculate Price

‘Many iron ore mines will be auctioned in Mar 2020’
DNMUM439652 | 7/22/2019 12:00:00 AM | Author : Swati Khandelwal | WC :905

Sandeep Kumar, managing director, Tata Metaliks, speaks about the quarterly performance of the company, impact of iron ore prices on the margins and availability of coking coal during an interview with Swati Khandelwal.

Tata Metaliks has post
Add To LightboxCalculate Price

Look at claims settlement ratio while buying term insurance plan
DNMUM439658 | 7/22/2019 12:00:00 AM | Author : Abeer Ray | WC :1019

Though an increasing number of people are now realising the value of term insurance, a major percentage of the Indian population continues to be ignorant about the new term insurance plans sold by both public and private players in the market. This,
Add To LightboxCalculate Price