The Indian government has initiated a nationwide program to train individuals in cardiopulmonary resuscitation (CPR) due to the increasing incidents of cardiac arrest. The National Board of Examinations in Medical Sciences (NBEMS) organized the CPR training program, aiming to train over a million participants, including students, professionals, and paramedical staff from medical, dental, pharmacy, and nursing colleges.

A translational research centre to support transition of IP from lab to industry was created recently. The new position of head, translational research and entrepreneurship has been created to further accelerate these initiatives, said the institute.

While the buyback entitlement for small investors, as defined by those with investments up to Rs 2 lakh, was fixed at 17%, the final acceptance ratio is expected to be around 30-35% in the category as not all shareholders participate in the buyback. The acceptance ratio has been 100% during the previous buybacks in 2017, 2018, and 2020. However, the acceptance ratio was around 24% during the last buyback in 2022.

TCS share price rose as the company's share buyback opened on December 1. The buyback, offering Rs 4,150 a share, contributed to the upward momentum

Sharekhan is bullish on Tata Consultancy Services has recommended buy rating on the stock with a target price of Rs 4200 in its research report dated November 29, 2023.

The RBI has set the redemption price at Rs 6,132 per gram which is a 128% (Rs 3,448) premium over the issue price of Rs 2,684 per gram, the interest income is calculated over the issue price at 2.5% per annum for the maturity period of eight years

HPE expects revenue in the first quarter of fiscal 2024 to be in the range of $6.90 billion to $7.30 billion, the mid point of which is below estimates of $7.28 billion.

TCS will buy back a maximum of 4.09 crore equity shares at an offer price of Rs 4,150 apiece, not exceeding Rs 17,000 crore.

Stocks that were in focus included names like NDTV, which rose 12%, TCS, which jumped 0.4%, and Suzlon Energy, whose shares declined 4% on Tuesday.

"The company believes that the buyback is not likely to cause any material impact on the profitability or earnings of the company except to the extent of reduction in the amount available for investment, which the company could have otherwise deployed towards generating investment income," TCS said in a regulatory filing.

The GMP of the company is strong at Rs 400, which indicates robust debut with 80% premium. There is a high possibility as per street assumption that Tata Technologies can be a wealth doubler candidate post listing

The buyback will remain open for tendering till December 7. For small shareholders, as defined by those with investments less than Rs 2 lakh, the entitlement ratio has been fixed at 1 equity share for every 6 shares held on the record date (i.e. November 25). The ratio comes to about 17%.

Gopinathan has joined BCG as a senior advisor to the technology, media and telecom (TMT) practice. He will be advising in the capacity of an external consultant.

PB Fintech said it has made a further investment of Rs 349 crore in its arm Policybazaar to strengthen the financial health of the subsidiary.

The practice will focus on using responsible AI frameworks and its "Paceport innovation hubs" to build a comprehensive portfolio of solutions and services for every industry sector, as per an official statement.

“TCS respectfully disagrees with the jurys advisory verdict. The matter will now be decided by the Court, which has ordered further briefing from the parties,” a company spokesperson said.

"...Tata Technologies Ltd in consultation with book running lead managers to the IPO, has finalised the offer price, including the anchor investor offer price, at Rs 500 per equity share of face value of Rs 2 each," Tata Motors said in a regulatory filing

"...Tata Technologies Ltd in consultation with book running lead managers to the IPO, has finalised the offer price, including the anchor investor offer price, at Rs 500 per equity share of face value of Rs 2 each," Tata Motors said in a regulatory filing.

From the Sensex pack, NTPC, Power Grid, M&M, UltraTech Cement, and Sun Pharma opened higher, while HUL, HCL Tech, Tata Motors, and Bharti Airtel opened lower.

The buyback price of Rs 4,150 is at a premium of 17.6% from Wednesday's closing price of Rs 3,529.85 on BSE. The stock price was little changed during the day.

Tata group last brought TCS to the market 20 years ago. As it turned out, the IT services company created enormous wealth for investors and in the process joined the elite list of most valuable companies in the country. Analysts see no reason why Tata Technologies can't create wealth for investors and are extremely bullish on the public offer.

From getting into gold business and establishing a premium jewellery brand in Tanishq, Titan has done several things right that also caught the attention of late ace stock market investor Rakesh Jhunjhunwala. Titan also cashed in on the premiumisation trend of India, which is now the fastest growing major economy and consumers are spending more and more for luxury items.

The uptrend in the market is intact with global support coming from the easing US bond yields, said analysts.

The company has said it will make a provision of $125 million as an exceptional item in the third quarter after the US Supreme Court rejected its challenge to the penalty in a dispute with Epic Systems

Adani Enterprises arm Adani Defence Systems has signed a shareholders agreement and share subscription agreement with Elbit Systems, Israel.

The combination relates to the acquisition of 27.18 per cent share capital of CaratLane (a subsidiary of Titan) by Titan Company Ltd, on a fully diluted basis, from Mithun Padam Sacheti, Siddhartha Padam Sacheti, and Padamchand Sacheti, according to a release

Tata Consultancy Services on Tuesday said it will make a provision of $125 million in its third-quarter results in relation to a 2016 trade secret lawsuit filed against the company by U.S.-based EPIC Systems.

Australian stock exchange operator ASX said it had hired Tata Consultancy Services (TCS) to overhaul its clearing and settlement software, opting for a route that will take less customisation after ditching a much-criticised blockchain-based effort.

The estimated time frame for implementation of the first release is 2026, and for the second release is 2028 or 2029, ASX said, adding that further stakeholder consultation for the next phase of the CHESS replacement project is set to start in the first quarter of 2024.

JIgar Patel thinks that Bank Nifty might break the October low in the coming 1-2 months.

Tech majors, once hiring mainstays at engineering campuses, are skipping the exercise this year. ET finds out what this means for the scores of engineers graduating from Indian colleges this year.

In a letter dated November 13, 2023 to the state-run telecom carrier, the Alttc head has countered the move saying it was a "unilateral decision" by the telecom department (DoT), and added, "it is not acceptable as this would adversely affect the BSNL's skill development efforts."

Among the major movers in the market were index major Tata Consultancy Services, PB Fintech, and Kalyan Jewellers India.

Over the past two weeks, the likes of Microsoft, Alphabet, Amazon and even Meta, Apple and Tesla have indicated a weakening demand environment that could last at least two quarters. Even Microsoft gave a cautious outlook despite strong performance.

At a board meeting last month, India's largest software services exporter had approved a proposal to buyback up to 4,09,63,855 equity shares of the company for Rs 17,000 crore, representing 1.12% of the total paid-up equity share capital, at Rs 4,150 per share.

On November 25, TCS will determine the eligibility of shareholders who can participate in the Rs 17,000-crore share buyback, its fifth in six years

Looking ahead, the bullish sentiment is likely to persist as long as the index remains above 19,500.

In October, India's largest software exporter had announced a Rs 17,000-crore share buyback programme through the tender offer route. The company plans to buy back up to 4.09 crore shares at a price of Rs 4,150 per share. This represents 1.12% of the total paid-up equity share capital of the company.

Led by strong participation from retail investors, the rally in smaller stocks showed no signs of slowing down as the Nifty Smallcap50 outperformed with a 1.5% jump. The post-Diwali rally made investors richer by about Rs 2.8 lakh crore as the total market capitalisation of all BSE-listed stocks jumped to Rs 324.9 lakh crore.

According to data from technology research firm UnearthInsight, the US and Europe currently contribute 75-80% of the global IT services market while the rest 20-25% is spread across 70-80 countries. This share is likely to increase to 30% by fiscal 2030 said Gaurav Vasu, founder and chief executive at UnearthInsight.

Other details, including pricing of the nearly 61-million share issue at the Tata Motors-owned unit, will be announced closer to the IPO date.

A Tata Consultancy Services (TCS) office in Bengaluru received a false bomb threat call, prompting the evacuation of employees. The hoax, directed specifically at the B block of the Bengaluru office, triggered security measures, including the dispatch of a bomb disposal squad and a dog squad for a thorough search. Investigation revealed the call originated from a former female employee in Hubli. This incident mirrors a similar hoax at TCS's Kondapur office in Hyderabad six months ago, where an ex-employee caused an evacuation.

NSAB and Tata Consultancy services (TCS) have partnered with Synergia for the event. The conclave will bring together statesmen, policy-makers, scientists and industry leaders, said Synergia founder Tobby Simon, who emphasized the conclave interdisciplinary nature in a briefing on Monday.

While Reliance Industries Ltd, TCS, Hindustan Unilever Ltd and Infosys faced erosion from their market capitalisation (mcap), HDFC Bank, ICICI Bank, ITC, Bharti Airtel, State Bank of India, and Bajaj Finance witnessed a combined addition of Rs 17,386.45 crore.

Participating companies comprised twelve cohorts — banking, financial services & insurance; consumer technology; core manufacturing & infrastructure; education tech; enterprise tech; financial tech; gaming & sports; IT consulting & analytics; renewable energy & green tech; social enterprises & NGOs; government enterprises and artificial intelligence.

The startups main operations will be in Bengaluru, and its headquartered in Singapore, where its in stealth mode for now and will launch its offerings within months, the people said. It also plans to expand to the US, one of the people said.

Wipro, the country's fourth-largest IT firm, said it is implementing a "compulsory hybrid work policy requiring a minimum of three days in the office". The company said this is an "important adjustment to our return-to-office approach".

This follows the streak of leadership appointments by CEO K Krithivasan since he took the helm at India's largest IT services company.

SynopsisThe 2023 New York City Marathon promises to be an exhilarating event with top athletes and celebrities making it an unforgettable experience for runners and viewers. Here are all the details about the event.

Several major stocks achieved a significant milestone by surpassing their 200-day SMA, signaling potential shifts in their stock trends.

Companies who utilize strategic response management (SRM) have a better chance of winning an RFP (Request for Proposal) or tender, Ganesh Shankar, CEO and Co-Founder of US and Coimbatore-based SRM platform provider Responsive (formerly RFPIO) told ET while talking about the significance of AI in such capabilities.

State-owned telecom company BSNL is gearing up to introduce its 4G services, with an initial limited launch scheduled for December, as announced by Chairman and Managing Director, P K Purwar, on Saturday. Following this initial phase, the plan is to gradually expand the 4G service to cover the entire nation by June of the coming year.

Over the last three years, as per data by Xpheno, IT Service bellwethers have collectively increased compensation costs by 64%, while collective revenues grew by a little over 57%. This shows that the input cost is much higher than the output being generated.

While Cello World and Blue Jet Healthcare have already announced their IPO dates, companies such as Tata Technologies, Mamaearth, ASK Automotive, Protean eGov Technologies, Fedbank Financial Services, ESAF Small Finance Bank, Flair Writing Industries and Credo Brands Marketing, among others, are in the pipeline.

Nascent Information Technology Employees Senate (NITES) had filed a complaint on behalf of over 2,000 lateral recruits who have been adversely affected by the unexpected delay in their onboarding process by TCS.

"SIP flows continue to be strong despite global headwinds as the domestic economy is showing resilience. We are also seeing more NFOs being launched, especially in multi-cap, small-cap, and thematic space to plug in any gap in the product offerings. An investor should consider various factors for selecting a fund such as fund manager experience, performance history, expense ratio, type of scheme, assets under management and investment objective."

The classification of E0 – E2 employees range from freshers to technical leaders and E3 – E6 employee band are those with mid-level positions ranging starting from project managers up to vice presidents. E7 and above are the senior-level employees.

For the countrys fourth-largest IT services provider Wipro, growth numbers are down to their FY99 levels.

Oxford University will not consider the results of its online admissions tests for English courses next year due to widespread complaints of technical issues. Students and schools reported crashes, freezes, and incorrect questions while using the new online testing system. Prospective students worried that these glitches would harm their chances of admission. Oxford has acknowledged the lack of preparation and overwhelmed helpline and has decided not to include English literature admissions test scores in the formal shortlisting process. The university implemented the online platform for most admissions tests this year, developed by Tata Consulting Services.

The Q2 report cards of India’s biggest IT firm, biggest private bank and largest NBFC have a clear message for investors – size can be a double-edged sword.

"Time in the market is crucial for wealth creation. Geopolitical concerns, such as higher oil prices and active military action in the Middle East, can have a long-term impact on equity markets. Buybacks are becoming common as they are more tax-friendly for investors and allow companies to return excess cash. The commodity cycle may be affected by geopolitical concerns, with oil being the outlier. SIPs and other non-discretionary flows into equities provide a liquidity cushion for Indian equities. "

Bookings for air travel rose close to 90% during Flipkarts annual flagship sale compared with the business-as-usual period, Cleartrip chief financial officer Aditya Agarwal told ET in an interview. While bus bookings at the online travel agency grew 80%, the biggest jump was in hotel bookings that expanded three times.

Speaking to ET Thierry Delaporte says Wipro is focusing on weeding out unprofitable clients, strengthening teams to win large deals and attracting fresh talent with a new approach to transform profoundly for a long-term impact.

Bookings for air travel rose 90% during Flipkart's annual flagship sale compared with the business-as-usual period, Cleartrip chief financial officer Aditya Agarwal told ET. While bus bookings at the online travel agency grew 80%, the biggest jump was in hotel bookings that expanded three times. The sale saw a "significantly higher" participation of companies compared with last year, with more than 50 airlines, over 3,700 bus operators and around 11,000 hotels taking part, he said.

​On the lower side, somewhere around the 19,400 mark, I think we should continue to grind in between this range for the next few trading sessions so no real commitments coming out from the Nifty index.

The seller of a motor vehicle will collect TCS from the buyer if the value of the motor vehicle is over Rs 10 lakh. However note that TCS is not an additional tax and this amount can be claimed back at the time of income tax return (ITR) filing.

"Geopolitical events have long-term consequences for equity markets, but they are difficult to quantify. These challenges often result in higher inflation, particularly in the form of higher crude oil prices. The crude oil price vector will be critical to assessing the long-term impact. Geopolitical concerns may put pressure on commodity prices, but a strong up-move is unlikely. SIP flows remain strong, and as long as investors focus on their risk tolerance, selecting mutual fund schemes should not be a challenge."

India's largest IT services company, TCS, has asked employees to follow a proper dress code as they return to the office. Approximately 70 per cent of TCS's workforce has already transitioned back to office-based work. TCS's Chief Human Resources Officer emphasized the importance of integrating the new workforce with the existing TCS community.

ETMarkets dissects Relative Strength Index (RSI) trends and highlights 10 stocks showing a decline. Understanding RSI is crucial for investors.

The quarterly results for the top three companies - Tata Consultancy Services (TCS), Infosys and HCLTech announced last week show that a larger percentage of their current growth is coming from the European region.

KR Choksey recommended accumulate rating on Tata Consultancy Services with a target price of Rs 3888 in its research report dated October 17, 2023.