Clothing Manufacturers Association of India (CMAI), the premier apparel body, in association with Tata Consultancy Services (TCS) has developed a software for garment manufacturers to alert them about GST (Goods and Services Tax) compliance.

Priced at Rs 18,000 for the initial six months, the software has a unique feature for highlighting the stage of compliance. The software automatically sends reminders to a vendor or a supplier who has not paid a tax at any stage in the textile value chain.

India's largest IT services company Tata Consultancy Services (TCS) will collaborate with chipmaker Intel to design a reference architecture that could be used for rolling out Internet of things (IoT), cloud, 5G and AI by its customers.

The partnership will also see both companies jointly investing in Centres of Excellences (CoEs) across India and the US to provide industry specific solutions for optimising cost and improving productivity.

Tata Sons, the main promoter of Tata Consultancy Services (TCS), has raked in about Rs 10,278 crore by tendering in 3.61 crore shares in the recently concluded share buyback offer of TCS. The number of shares sold by Tata Sons represents almost two-thirds of the total shares on offer by TCS in the buy back scheme which ended on May 31.

Shares of information technology (IT) companies were in focus with the Nifty IT and S&P BSE IT index gaining more than 2% in an otherwise range-bound market.

Tata Consultancy Services (TCS), Infosys, HCL Technologies, Tata Elxsi, Hexaware Technologies and Tech Mahindra were up in the range of 2% to 6%.

Tata Consultancy Services (TCS) applied for only a third of the H-1B work visas this year compared to 2015, helped by increased hiring from engineering campuses and B-schools in the US.

The move comes at a time when the Indian IT companies are confronted by closer scrutiny and tighter visa norms in the US, a market that accounts for nearly 60 per cent of India's IT exports.

Tata Consultancy Services, India's largest IT firm, offered a more than 31 per cent hike in remuneration to its key managers at a time when the rest of the company's employees received average salary increase of around 10 per cent.

The IT services major declared its the performance-based hike in remuneration for the last financial year, the firm said in in its annual report for fiscal 2017.

Tata Consultancy Services (TCS) moved higher by 2% to Rs 2,612 in intra-day trade, extending its Wednesday’s 1.5% gain on the BSE. The stock is trading at its highest level since August 19, 2016.

Thus far in the month of May, TCS has outperformed the market by surging 15% as compared to 1.9% rise in the S&P BSE Sensex.

Country's fourth largest software services firm HCL Technologies today said it will buyback shares at Rs 1,000 apiece, a 17 per cent premium over current trading price.

The company is proposing an offer for buyback of equity shares for cash at a price of Rs 1,000 per equity shares on a proportionate basis through tender offer process, HCL Technologies said in a regulatory filing.

Mumbai, May 15: The Rs 16,000-crore buyback offer of Tata Consultancy Services (TCS), the country's largest software services firm, will start on May 18.

The buyback programme, which received shareholder approval last month, will remain open till May 31, the company said in a regulatory filing.

Country's largest software services firm Tata Consultancy Services (TCS) will commence its Rs 16,000-crore mega buyback offer from May 18.

The buyback programme, which received shareholder approval last month, will open on May 18 and close on May 31, the company said in a regulatory filing.

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