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Time of India
27-05-2025
- Business
- Time of India
Stock market update: Nifty IT index falls 0.92% in a weak market
NEW DELHI: The Nifty IT index traded negative around 10:35AM(IST)on Tuesday in a weak market. were among the top gainers. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Senior Living Homes in Chittagong Politechnic May Surprise You Senior Living | Search Ads Undo Tata Consultancy Services Ltd.(down 1.26 per cent), Infosys Ltd.(down 1.15 per cent), HCL Technologies Ltd.(down 0.85 per cent), MphasiS Ltd.(down 0.77 per cent) and LTIMindtree Ltd.(down 0.73 per cent) were the top losers on the index. The Nifty IT index was down 0.92 per cent at 37439.25 at the time of writing this report. Benchmark NSE Nifty50 index was down 230.25 points at 24770.9, while the BSE Sensex was down 808.92 points at 81367.53. Live Events Among the 50 stocks in the Nifty index, 7 were trading in the green, while 43 were in the red. Shares of Vodafone Idea, Reliance Power, Suzlon Energy, IFCI and InterGlobe were among the most traded shares on the NSE. Shares of Apollo Micro Systems, Camlin Fine Sc, Stampede Cap(DVR), Cosmo Films and GE T&D India hit their fresh 52-week highs in today's trade, while Tantia Const, Impex Ferro Tech, Protean eGov Techno, Shree Ram Proteins and Godha Cabcon & Insul hit fresh 52-week lows in trade.
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Business Standard
07-05-2025
- Business
- Business Standard
India Inc does risk assessment, extends full support to armed forces
India's top corporate leaders scrambled to assess operational risks and business continuity after the Indian armed forces launched strikes on terror camps across the border in Pakistan, fuelling fears of further escalation. Senior executives at several top companies convened emergency meetings to evaluate exposure and prepare for possible disruptions. Firms also began issuing advisories to employees, with some initiating mock security drills. 'There are marathon meetings going on since morning on the impact of the war on our operations and how we can help in war efforts,' said an executive at a major defence and infrastructure firm, requesting anonymity. Tata Consultancy Services Ltd., India's largest IT services exporter, advised employees to remain alert and follow local administrative instructions. The company issued an internal communication outlining protocols for upcoming emergency drills. 'We, as individual citizens and as an organisation, are required to comply with these requirements as and when they are laid down and communicated from time to time,' the company said in an internal email seen by Business Standard. Also Read 'Our endeavour is to provide you with relevant information that you can use, but it is also recommended that you refer to and align with any direct communication from your respective local authorities.' 'We request that you stay within the office building and do not panic,' the advisory added. 'If there is anything to be done differently at your work location, you would receive the necessary instructions from your local Admin/HR teams.' Other companies also issued similar advisories to their employees with several companies holding mock drills. An executive at a major Gujarat-based refinery said the Central government had stepped up security around key infrastructure to guard against any potential retaliatory attack. Several top leaders also voiced strong support for the country's armed forces. Several top CEOs took to social media to express solidarity. 'Our prayers are with our forces… One nation. Together we stand,' Mahindra Group Chairman Anand Mahindra posted. 'Operation Sindoor isn't just a military strike-- it's a crimson reminder that every drop of blood spilled in Pahalgam will be avenged,' RPG Enterprises Chairman Harsh Goenka wrote. 'Peace isn't weakness. And when India chooses to respond, the mountains echo with resolve, not restraint.' 'Terror will never triumph. India stands resolute and united in the fight against terrorism,' said Sanjiv Goenka, Chairman of the RP-Sanjiv Goenka Group.
Bloomberg
17-04-2025
- Business
- Bloomberg
US Agency Probes Workers' Bias Claims Against India's TCS
The US Equal Employment Opportunity Commission is investigating dozens of American workers' allegations that India's biggest IT outsourcer, Tata Consultancy Services Ltd., discriminated against them based on their race, age and national origin. The former employees are largely professionals from non-South Asian ethnic backgrounds over the age of 40, who say the company targeted them for layoffs but spared Indian colleagues, some of whom were working on H-1B skilled worker visas. They began filing complaints against TCS in late 2023.
Forbes
07-04-2025
- Business
- Forbes
Tata Capital Files Preliminary Prospectus For What Could Be India's Biggest IPO This Year
Tata Consultancy Services Ltd.'s office in Mumbai, India, on Wednesday, Feb. 12, 2025. Tata Capital is preparing to list on India's National Stock Exchange in what could be the country's biggest IPO this year. The financial services arms of Tata Group—among India's biggest conglomerates with interests from airlines to software—plans to raise up to $2 billion from the IPO, Bloomberg reported last month, citing unnamed sources. As part of the process, Tata Capital has submitted a pre-filed draft red herring prospectus—a confidential document required to seek approval from India's capital market regulator—according to a stock exchange filing on Friday. Tata Capital serves individuals, businesses, and corporations through over 900 branches across India, offering services such as personal and home loans, business finance, microfinance, private equity, and credit cards. The company is part of Tata Group, India's oldest conglomerate that the late Ratan Tata (who passed away in October) transformed into an industrial powerhouse. Under his two-decade leadership, he made global acquisitions including that of British steelmaker Corus Group in 2007 and luxury carmaker Jaguar Land Rover the following year. Tata Trusts holds a majority stake in Tata Group, which also counts the family of billionaire Shapoor Mistry among its shareholders. The trust supports arts, culture, education, healthcare and rural development.
