On BSE, shares of the software major rose 4% or ₹142.60 during the morning session to touch a new all time high of ₹3,549, which pegs the market capitalisation at ₹6.78 lakh crore or a little over $100 billion. "I would like to thank our shareholders for their continued support". Last week, when the markets closed on Friday, the company was at the verge of the milestone as the m-cap stood at slightly above $99 billion.
As part of its "Business 4.0" strategy, TCS is looking at new age-technologies like automation, cloud and Internet of Things (IoT) driving digital revenues of the company to over United States dollars 5 billion this year. The stock is up more than 10% since the firm announced its Q4 earnings.
At 14:50 hrs, Tata Consultancy Services was trading at Rs 3,450.05, up 1.4 percent, on BSE. TCS forms close to 4.5 per cent of the Bombay Stock Exchange's total market cap of ₹151 lakh crore. RIL comes in second, with a market cap of around Dollars 88-89 billion. Therefore, Monday's $100 billion breaching was an expected event, said Suresh Avunni, a Kochi-based market analyst. "TCS continues to execute dependably for a company of its size", Deepak Jasani, Head, Retail Research, HDFC Securities, told IANS.
"Last year, we had crossed $3 billion (in digital revenue).It has grown 35%, it has grown faster than it had grown last year". Future trajectory of growth seems very solid.
Speaking to PTI, TCS CEO and Managing Director Rajesh Gopinathan said Business 4.0 is thought leadership framework to help customers leverage digital technologies to address their growth and transformation agendas. However, this is not the first or only claim to fame that the company can boast of. TCS' commentary that despite the blip in retail, it should grow in double-digits in FY19 led to positive sentiment around the stock.
TCS's four industry verticals, including oil and gas, healthcare and life sciences, communication and media and travel and hospitality, reported double-digit growth, thereby helping the company end the year on a strong footing. The currency dropped by more than 1 per cent in April and by 3.52 per cent this year so far.
"For such a large firm in a maturing industry to be able to maintain and even enhance profitability over so many years, and to be able to deliver well above industry revenue growth is no mean feat", Shah said.
TCS, which listed on August 25, 2004, had a stellar debut, claiming a 27 per cent premium to its issue price of ₹850.
Mr Phillip was killed when officers tried to arrest him on March 23 after smelling marijuana in his vehicle . His fiancee also happened to be there at the time and she said she felt "so disrespected and violated".
Alonson will no miss Chelsea's next three games against Burnley, Southampton in the FA Cup Semi Final and Swansea City. Referee Mike Dean failed to produce a yellow card for the challenge which many have seen as a sending-off offence.
The hosts were dealt a blow before half-time when Mohamed Elneny was stretchered off with a nasty looking ankle injury. Such a drought ultimately led to frustration among Arsenal fans, from whom Wenger has always been under pressure.
Legal experts maintain that a warrant wouldn't be needed to unlock a person's device after their death. They are also demanding video footage from the incident in which Phillip was killed, WFTS-TV reported .
That, however, was when he lived in California. "His training methods are always evolving and getting better". But according to Yee, Brady's absence will not have any effect on his readiness for the 2018 season.
Department of Public Safety Chief Bobby Maldonado announced Sunday that investigators had filed complaints against the students. Elsewhere, other fraternity members pretend to sexually assault a person with disabilities during filming.
The 22-year-old forward's contributions in the final third helped City win the Premier League title and lift the Carabao Cup. Meanwhile, Sane was named Young Player of the Year, beating Kane among others to the award.
The coalition reported no damage or loss of life from the strikes, the latest in a string of bombardments on Saudi Arabia by the Huthis.
Walmart close to $12 billion deal for majority stake in Flipkart
It appears that the US-based brick-and-mortar behemoth will emerge as the largest shareholder in Indian e-commerce market leader. Flipkart now controls almost 40% of India's online retail market, ahead of Amazon , showed estimates by researcher Forrester.
AT&T 5G Revolution: What Is "Fake" or Pseudo 5G?
AT&T has already been at the vanguard of 5G research and roll-out, including what it touted as its largest trial in Waco, TX . Some of the major markets that now have the service include Atlanta, Chicago, Memphis, Nashville and San Diego.
Timberwolves chew up Rockets
Jimmy Butler was terrific again, with 28 points on 10-of-19 shooting, seven rebounds, five assists and a game-high plus-19 rating. The Wolves averaged just 22.5 3-point attempts per game during the regular season, (30th) with eight makes per game (30th).
Evan Rachel Wood on Creating Westworld's 'Dolores 2.0'
Some people choose to see the ugliness in this world. "We like to settle our debts by the end of the season", he noted. And did she succeed in getting the data out? Bernard is actually host fashioned to look like Ford's old partner Arnold.
IPL 2018 Match 20 SRH vs CSK
One of the examples of that could be how he clubbed/ slogged a Bhuvneshwar knuckleball over midwicket for a six . Both the teams had played six matches and in that matches, CSK had won four matches and SRH had won two matches.