75% TCS staff to work from home by 2025, R&D to occupy vacant office space 2020/11/20 18:12:00 Business Today
TCS has sought approval to build two new IT parks of 5 million square feet and lease another 1 million square feet, despite announcing a massive work-from-home plan
The Container Store (TCS) Catches Eye: Stock Jumps 7.1% 2020/11/20 13:52:01 Yahoo Finance
The Container Store (TCS) saw a big move last session, as its shares jumped more than 7% on the day, amid huge volumes.
The Container Store CEO Melissa Reiff Talks Home Organizing With Jim Cramer 2020/11/19 18:36:00 Benzinga
Melissa Reiff, CEO of The Container Store (NYSE: TCS), appeared on CNBC's "Mad Money" Thursday night and was interviewed by Jim …
TCS share rises 2% on shareholders' nod to share buyback 2020/11/19 10:05:00 Business Today
Following the update, TCS stock price rose 2.01% to the intraday high of Rs 2678.6 as against the last closing of Rs 2625.90. Stock price of TCS also touched an intraday low of Rs 2630, also its opening value
TCS Fixes Record Date For Share Buyback 2020/11/19 05:38:40 Goodreturns
On Wednesday, Tata Consultancy Services (TCS) said that it has fixed 28 November as the record date for the purpose of determining the entitlement and the names of the equity shareholders who shall be eligible to participate in the buyback. Shares
Why buybacks are better than dividends 2020/10/05 13:08:31 Economic Times India
Buybacks can be done roughly about 14 months apart. Given that, a lot of companies will do a buyback in the next 12 months, apart from paying a minuscule amount of dividend as well, says Deepak Shenoy, Founder, Capital Mind. The TCS board is considering a buyback. For shareholders, what is the right way of looking at it because at close to the current price, the company is considering a buyback when the stock price is at an all-time high. Historically buyback is considered to be a vote of confidence but is this more of a compulsion because of Tata Sons?Dividends have been substituted by buybacks in the recent past because till last year, the dividend distribution tax was very high tax ratio compared to payouts if people did it in the format of dividend versus a buyback. This year, while dividend tax has been introduced it is still a little more beneficial for promoters to do a buyback and so the price is irrelevant because whatever amount they would have otherwise be distributed as dividend.
‘We are not out of woods yet, stick to quality names’ 2020/10/05 12:21:54 Economic Times India
Liquidity is taking the markets up and holding it there. Earnings revival is at least two to four quarters away, says Ajay Bagga, market expert. What next for TCS? Just ahead of its numbers, it announced plans to consider a buyback. Clearly the large is getting large. Would you say TCS continues to be in the top spot in the pecking order?Yes definitely and multiple drivers are there for TCS. Both the promoters or one promoter and the other group of Tata Sons would like some liquidity and that is also driving this. Overall, Indian IT costs are down with the travel cost having come down dramatically and there is a return of the digital revenues. So in the nearly $4 trillion dollar global IT pie, digital, automation, work from home, cloud and remote working are getting a lot of scope. The entire software as service, infra as service places are getting bid up and our IT majors are well positioned for that and TCS is at the top of the pack. This run up is more because of the buyback announcement and that means a good thing for shareholders.
Tech stocks like TCS, Infy, Wipro, Mastek are soaring, here's why 2020/10/05 12:17:41 Sify.com
Mumbai: Tech stocks saw a major rally on Monday. Stocks of Tata Consultancy, Infosys, Wipro, Mastek and other leading names reported a gain during the trade. The BSE Information Technology index made a 4.06 percent intra-day gain, the highest after BSE Metal (up by 2.5 percent) and BSE Teck (3 percent). Shares of TCS with a gain of 7.30 percent made the highest gain. TCS saw volume of 4.73 lakh shares to settle at Rs 2,706.85 and even recorded a 52 wk high of Rs 2,727. TCS had also announced that its Board of Directors will consider share buyback in its meeting on October 7. This also was a reason for the rally. Stock price of Wipro surged 5.67 per cent or Rs 17.75 to Rs 330.75 per share. Infosys shares were at Rs 1,042.40, higher by Rs 24.70 or 2.43 per cent from the previous close. Shares of the HCL Technologies were at Rs 824.15, higher by Rs 11.40 or 1.40 per cent. The enthusiasm among tech stocks arose from a simple reason - a US Judge blocking H1-b visa ban last week. In June, US President Donald Trump issued an executive order temporarily barring the issue of new H-1Bs and other foreign visas including H-2B, J and L visas, until end of the year.
Nifty reclaims 11,500, courtesy TCS. Key levels to watch now 2020/10/05 11:55:38 Livemint
Shares in TCS, Wipro Ltd and Infosys Ltd were among the top percentage gainers on the Nifty 50.
Sensex rises 277 points; TCS zooms over 7 per cent 2020/10/05 10:46:56 India TV News
Rising for the third straight session, market benchmark Sensex finished 277 points higher on Monday, propelled by IT and banking counters.
From road transport to health insurance, tax rules that changed from Oct 1 2020/10/01 20:44:00 Business Standard
TCS at the rate of 5% imposed on money remitted outside India
Starting Today, these 10 rules will change your life, for good and bad 2020/10/01 12:31:37 Sify.com
10 new rules starting from October 1, 2020 could be blamed in the way your consumption and spending habits may get altered from today. These may not look as big changes but they do affect the life of a commoner in many ways than you would've thought. These new government rules will change the way you work, consume, travel, and even cook. And, the new rules are across payment of income tax, driving licence, health insurance, remittances, credit cards and even food. FYI, if you are planning to buy a health insurance, you better double-check on what you are getting covered for. Here's a look at what's changing: Cooking: Starting from October 1, the concept of free LPG connection is history. Under the Pradhan Mantri Ujjwala Yojana (PMUY), the process of getting a gas connection for free is ending on September 30, 2020. Also, the process of blending of mustard oil with other cooking oil has been banned. Remittances or Transfer of Funds overseas: Remittances will turn expensive with a 5 per cent tax that will be charged on foreign fund transfers.
Infosys, HCL Technologies, TCS hot favourites on D-Street; IT firms in for robust earnings 2020/10/01 07:40:00 The Financial Express
The July-September quarterly earnings of the Information Technology (IT) companies could surprise the street with robust growth aided by negligible supply-side impact.
Pay tax upfront on these payments from today 2020/10/01 04:15:57 Economic Times India
From October 1, 2020, i.e., today, tax will be collected at source from individuals for foreign remittances made through the Liberalised Remittance Scheme (LRS) and for buying foreign travel packages. TCS or tax collected at source will be leviable on these transactions/payments if they are above specified limits as per section 206C(1G) of the Income-tax Act, 1961. TCS was imposed on these transactions by the Finance Act, 2020. However, individuals can claim credit for the TCS at the time of filing income tax return in a manner similar to TDS or tax deducted at source. Here is a look at the rules regarding applicability of TCS and how much tax is leviable as TCS on the specified transactions.Rules regarding applicability of TCSThe provisions related to TCS will impact you only if the transaction amount crosses the specified limit. As per income tax laws, TCS will be applicable on foreign remittances under the Reserve Bank of India's (RBI) LRS if the total amount remitted exceeds Rs 7 lakh in a financial year.
2020 HW Vanguard: Karthik Kumar 2020/10/01 04:01:51 HousingWire
Karthik Kumar leads Tata Consultancy Services’ global mortgage practice, focused on solution architecture, operational delivery and entity transformation for most of the top-40 lenders and beyond and the largest vendors. The post 2020 HW Vanguard: Karthik Kumar appeared first on HousingWire .