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MUMBAI: State Bank of India (SBI) on Wednesday went past Tata Consultancy Services (TCS) to become the fourth most-valued company in India. It’s also the most valued public sector entity. On Monday, SBI had gone past ICICI Bank‘s market capitalisation and now it’s within touching distance of Bharti Airtel‘s market cap.The recent surge in its…
State Bank of India (SBI) has overtaken Tata Consultancy Services (TCS) to become India’s fourth-largest listed company by market capitalisation, supported by a sharp post-results rally and improving sentiment around public sector banks.SBI’s market capitalisation now stands at nearly Rs 10.92 lakh crore, ahead of TCS at about Rs 10.52 lakh crore, according to an…
The sell-off in IT stocks was triggered by an announcement from US-based AI startup Anthropic. (AI image) IT stocks crash! Shares of Indian IT majors Infosys, Wipro, HCL Tech, Tata Consultancy Services (TCS), and Persistent Systems tanked in opening trade on Wednesday, dragging Sensex down by over 100 points. The decline was due to concerns…
The Budget has proposed to reduce the tax collected at source (TCS) for self-funded education and medical purposes abroad under the liberalised remittance scheme from 5% to 2%. However, the TCS rate for other purposes will continue at 20%.Govt had last year exempted remittances for education from TCS where such remittance is from a loan…
In daily life, most people focus on how much tax they pay, but rarely on when and how it is collected. An increasingly visible part of India’s tax ecosystem is tax collected at source (TCS), which requires a portion of tax to be collected upfront on certain transactions. For many taxpayers, the timing of this…
BENGALURU: With just 17 net hires in the first nine months of the 2025-26 financial year, India’s top five IT companies eased off the hiring throttle and moved firmly into caution mode. The muted performance marked a sharp contrast to the 17,764 net additions recorded during the same period last year, highlighting how the hiring…
Bengaluru: TCS’s performance in the December quarter came in below analysts’ expectations on both revenue growth and earnings (Ebit) margins. Despite global uncertainty weighing on spending, demand for tech-led transformation remains resilient. In an interview with TOI, CEO K Krithivasan and CHRO Sudeep Kunnumal discussed the demand environment, hiring outlook, and the trajectory of its…
IT giant TCS reported 5% year-on-year growth in revenue from operations, which rose to Rs 67,087 crore in the third quarter, up from Rs 63,973 crore in the corresponding quarter of the previous financial year.Meanwhile the company giant reported a 14% year-on-year decline in consolidated net profit to Rs 10,657 crore for the December quarter,…
BENGALURU: TCS has put on hold the final anniversary appraisals for some employees due to work-from-office (WFO) non-compliance in previous quarters. TCS’s final anniversary appraisal process follows an annual cycle after the completion of an employee’s work anniversary. An anniversary (one-year completion) email is sent to eligible freshers, and the update is also reflected on…
The combined market capitalisation of six of India’s ten most-valued companies rose by Rs 75,256.97 crore over the past week, even as the broader equity market closed lower. Tata Consultancy Services (TCS) and Infosys led the gains among the top firms. During the week, the BSE benchmark index slipped 338.3 points, or 0.39 per cent….
