Tata Consultancy Services Ltd. News and Updates

Name: Latest research reports of Tata Consultancy Services Ltd. authored by Axis Direct and published by - Trendlyne research reports.
Item: Tata Consultancy Services Ltd.
Rating: 3
Author: Axis Direct

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Tata Consultancy Services Ltd.

22 Aug 2022

3048.30

-1.53%

South African investment bank taps TCS arm for digital transformation

livemint

TCS will offer its BaNCS' platform to enable on-cloud trading and investment services for Absa CIB's clients.TCS says that its BaNCS platform is used across 450 locations around the world

Tata Consultancy Services Ltd. has lost -31.90% in the last 1 Year

Tata Consultancy Services Ltd.

22 Aug 2022

3048.30

-1.53%

Axis Annual Analysis:TCS

Hold: Tata Consultancy Services ...

Target

Axis Direct

We recommend a HOLD rating on the stock and assign a 27x P/E multiple to its FY23E earnings of Rs 135.5/share to arrive at a TP of Rs 3,650/share, implying an upside of 8% from the CMP.

Tata Consultancy Services Ltd. has lost -31.90% in the last 1 Year

Tata Consultancy Services Ltd.

20 Aug 2022

3048.30

-1.53%

TCS delays select employees' performance bonus, variable pay for Q1 FY23

Business Today

One of the TCS employees, who is impacted by the company's delay, said that the quarterly performance bonus is usually given in the payroll that follows the end of the quarter, but this time, TCS had communicated a delay.

Tata Consultancy Ser.. has an average target of 3930.82 from 11 brokers.

Tata Consultancy Services Ltd.

19 Aug 2022

3048.30

-1.53%

CBDT exempts non-resident corporates from TCS on remittances, tour packages

Business Standard

The income tax department has exempted non-resident corporate entities and firms not having a permanent establishment or a fixed place of business in India from 5 per cent TCS on foreign remittances and tour packages. The Central Board of Direct Taxes (CBDT) has notified changes to I-T rules and expanded the scope of exemption (that was previously available only to non-resident individuals) under section 206(1G) of the I-T Act. Section 206C(1G) was introduced by Finance Act, 2020, effective October 2020 to keep a tab on forex spends by persons resident in India. The provision requires tax to be collected at source (TCS) at the rate of 5 per cent on foreign remittances of Rs 7 lakh or more under the Liberalized Remittance Scheme (LRS) of RBI. The TCS was to be deducted by domestic tour operators on money received from non-resident Indians visiting India and booking their overseas tour package from the country. AMRG & Associates Director (Corporate & International Tax) Om...

Number of FII/FPI investors decreased from 1797 to 1728 in Jun 2025 qtr

Non resident without permanent establishment in India not liable for TCS

Business Line | 18 Aug 2022

Tata Consultancy Services Ltd.

10 Aug 2022

3048.30

-1.53%

TCS looks to double its revenue. Here's how the IT giant is placed

Economic Times

The 2022 Annual Report of TCS has a message from the CEO's desk that the software major's revenues will soon double, though there is no time frame for attaining the target. Let us realistically look at industry growth data to understand a possible timeline.

Tata Consultancy Services Ltd. has lost -31.90% in the last 1 Year

Tata Consultancy Services Ltd.

09 Aug 2022

3048.30

-1.53%

IT spend in US likely to remain resilient, large-caps like TCS, Infy & HCL safer bets

Economic Times

Though Indian IT companies have reported strong revenue growth in the June quarter, with most also maintaining or increasing their guidance, analysts remain cautious about the sector because of the concerns over a slowdown in the US, the biggest market.