TCS fell by nearly 2 percent after the company said its net profit slipped 3.6 per cent in three months to December.
India's largest IT firm TCS said it has bagged an over USD 2-billion deal from Transamerica to transform the latter's US insurance and annuity business lines.
TCS posted a 3.6% decline in third-quarter profit, hurt by a dip in spending by banking and financial services clients.
Infosys said it has completed its Rs 13,000 crore buyback programme that saw participation from Sudha Gopalakrishnan, Rohan Murty and LIC among others.
India's second largest IT company Infosys said its Rs 13,000-crore buyback offer will open on November 30 and end on December 14.
N Chandrasekaran conceded that the group's mobile business Tata Teleservices is in a "really bad shape" and take a "call" about business in this financial yr.
Infosys is yet again in the news for all the wrong reasons.
Shares of TCS fell by nearly 3% after the company reported a 5.9% decline in consolidated net profit for the April-June quarter.
Japanese Consumer electronics maker Panasonic announced setting up of a Centre of Excellence in collaboration with Tata Consultancy Services.
HCL Technologies said its board has approved a buyback of up to 3.50 cr shares worth Rs 3,500 cr.
Sells 85% of units in Project Forest Edge on day of launch
Board approves buyback of upto Rs 166 Cr At Rs 1,100/Sh
Gets environment approval for pesticide plant in Gujarat
Taj Mansingh Bidding may be delayed by a month
Business Standard Reports
BANK OF INDIA
Defers Rs 3,000 Cr QIP as Govt Infuses Rs 2,257 Cr
Business Line Reports