Tata consultancy service is a multinational information technology services and consulting firm. It is one of the largest Indian companies by market capitalization and the most valuable IT services brands worldwide. Its main campus is in Chennai, Tamil Nadu, India. TCS headquarter is in Mumbai, Maharashtra, India. TCS is the world largest IT services company by market capitalization ($200 billion) as of February 2021. It is a subsidiary of the Tata Group with 149 locations in 46 countries.
Tata Consultancy Services
TCS was started in 1968 by TATA SONS. Market capitalisation is 11,43,080 crores. last year’s return of TCS stock 59%. TCS has always achieved good record in dividends and bonuses in history. Tata consultancy service one fourth of year results were somewhat lower than expected, but the transaction wins were excellent and strong, and hiring signals a strong demand pipeline. On a quarterly basis, revenue increased by 2.9 percent to $6333 million, while profits increased by 6.82 percent.
Tata Motors and Maruti Suzuki
Total production in September was 81,278 units vs. 166,086 units, a drop of approximately 51% year over year due to a lack of electronic components. The impact of the worldwide semiconductor shortfall on production continued to limit sales. Retail sales fell 18.4% year over year to 92,710 automobiles, but wholesale sales were in line with July guidance. Jaguar Land Rover estimates a free cash outflow of less than £0.7 billion for the quarter, a far cry from the £1 billion forecasted previously. The automaker intends to invest up to Rs 18,000 crore in a new facility in Haryana. The corporation is putting money into what is being called the country’s greatest single-location vehicle investment. According to Maruti Suzuki Chairman RC Bhargava, the new plant unit will have a peak capacity of 10 lakh units.
Reliance Industries
Reliance Industries has announced two big renewable energy acquisitions. The business initially announced the acquisition of REC Solar Holdings (REC Group) from China National Bluestar (Group) Co for $771 million through its wholly-owned subsidiary Reliance New Energy Solar. This was the company’s first big renewable energy venture, involving the purchase of an equipment manufacturing facility. According to Bloomberg report, Reliance Industries is preparing a bid for Indian government subsidies for solar power manufacturing as part of a $10 billion push into sustainable energy. Reliance attended a pre-bid meeting last month to discuss the subsidy scheme. They did not want to be identified because the material is confidential.