Tata Consultancy Services (TCS), Bharat Heavy Electricals Limited (BHEL), Adani Ports & Special Economic Zone (SEZ) and Rallis India have touched their respective 52-week lows on the Bombay Stock Exchange (BSE) after the Sensex slipped 243 points in early morning trade.

At 09:54 AM, the TCS was down 1% at Rs 2,328 after hitting a 52-week low of Rs 2,322 on the BSE. Shares of India's largest information technology services company by falling 8% in past one month as compared to 3% decline in the benchmark index.

India’s largest software services firm Tata Consultancy Services today said it has partnered British Council to train 1,000 university graduates in the UK at its Innovation Labs and software development centres.

The announcement comes during the UK visit of Prime Minister Narendra Modi.

Jayant Krishna, principal consultant at Tata Consultancy Services (TCS), has been appointed interim managing director and chief executive officer of the National Skill Development Corporation (NSDC), according to sources. NSDC board met on Monday and confirmed his appointment. An official announcement is expected shortly.

With the departure of its previous head, Dilip Chenoy, a three-member committee had been formed to shortlist possible contenders for the top job. The committee comprised Rohit Nandan, secretary, ministry of skill development and entrepreneurship, Lakshmi Narayan of Cognizant and R V Kanoria, the Ficci representative on the NSDC board.

Markets have erased early morning losses and are trading in the positive zone led by buying in the information technology and consumer durables shares.

However, metal stocks are still reeling under pressure thus capping the upside.

India’s largest software exporter, Tata Consultancy Services (TCS), is in talks with nine of the 11 payments bank licence holders to offer operational solutions, according to a highly placed source at the company.

“We have a solution for payments banks and are taking it to the Indian market,” confirmed N Chandrasekaran, managing director, during an interaction.

Shares of information technology (IT) major TCS traded nearly 4% lower on the National Stock Exchange (NSE) at Rs 2496 levels at 9:45am, after the company reported a revenue of Rs 27,165 crore for the quarter ended September 2015 as against a consensus Bloomberg estimate of 27,229 crore. By comparison, the CNX Nifty was trading 0.1% lower at 8,122 levels.

In US dollar terms, TCS's clocked a revenue of $4,156 million, a growth of 3% on q-o-q basis, but was lower than the Street's estimate of around 4% growth. This marks the fifth quarter in a row where TCS has missed revenue growth expectations.

Following close on the heels of Infosys revealing a top quarter, IT major Tata Consultancy Services (TCS) is all set to announce its second quarter (Q2) earnings Tuesday evening. While Infosys did very well (http://fexp.in/IBh197190 ), market experts see around 9 per cent quarter-on-quarter (qoq) growth in TCS net profit figures for the quarter ended September 30, 2015.

For the first quarter ended June 30, 2015, TCS posted a consolidated net profit of Rs 5,484.12 crore, up 53.10 per cent, against Rs 3,712.67 crore in the sequential quarter ended March 2015. Gross sales of the company jumped 5.98 per cent quarter on quarter (qoq) to Rs 25,668.11 crore.

Nifty closed weekly in positive territory. It managed to hold lower end support levels as expected last week & sharply bounced back after RBI Policy. The correction turned out to be 3 waves declines. It made a low of 7691.20 levels on nifty & 25,287.33 levels on sensex. Broader market is out performing at current levels of market. Midcap, small cap & Bankex indices etc closed weekly in positive territory. It made a high of 26,430.62 levels on sensex & 8008.25 levels on nifty at the end of weekly trading session.

BENGALURU: Months after it poached Tata Consultancy Services veteran Abid Ali Neemuchwala as its operations chief, Wipro has roped in yet another top executive from TCS, Dave Chopra as Vice President of its key global infrastructure business. India's third-largest software exporter confirmed the development.

"Wipro can confirm that Dave Chopra has joined the company as vice-president, global infrastructure services, and will be responsible for driving strategy, marketing and business development for GIS.

Tata Sons the holding company for $ 109 billion Tata Group has appealed in the Supreme Court against an estimated Rs 300 crore sales tax demand from Maharashtra state government.

In January 2015, the Bombay High Court had upheld the state tax department's decision to collect sales tax from the Tata Sons for the royalty it charges from group firms for using Tata brand name.

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