Tag Archives: TCS

PSU OMCs in demand on strong rupee

Volatility ruled the roost in late trade as key benchmark indices sink in negative zone only to recover later. The barometer index, the S&P BSE Sensex, settled with small losses while the 50-unit CNX Nifty settled with small gains. The Sensex was down 0.27points, off 37.15 points from the day’s high and up 125.94 points from the day’s low. The market breadth, indicating the overall health of the market, was negative.

PSU OMCs in DemandWho Moved and Why

1) SBBJ gains on attractive dividend.
2) PGCIL gains after acquisition of Unchahar Transmission.
3) SKS Microfinance gains after securitization deal.
4) PSU OMCs in demand on strong rupee.
5) Arvind jumps on forming Indian JV with PVH Corp.
6) REC gains after transferring stake in UTL to PGCIL.
7) TCS gains after winning new contract.
8) FTIL jumps after paring stake in IEX.
9) Fertilizers stocks in demand.

Read detail analysis report:- http://rrfinance.com/Reserch/Pdf/07-July/DMR/25th_March_equity_closing_update.pdf

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Filed under Commodity News, Currency Update, Debt News, Equity Market, Finance

IT shares decline after weak TCS outlook!

Key benchmark indices provisionally settled almost unchanged for the day ahead of commentary about monetary policy from the US Federal Reserve later in the global day. The barometer index, the S&P BSE Sensex, closed at 21832.86 and 0.25 point up, off close to 62 points from the day’s high and up about 48 points from the day’s low. The market breadth, indicating the overall health of the market was positive.TCS-Minneapolis-center-L

Who Moved and Why

  • SBBJ vaults as board to consider interim dividend.
  • PSU OMCs gain after diesel under-recovery declines.
  • Volumes jump at Rasoi counter.
  • Coal India slips in volatile trade after bulk deal.
  • Polaris surges 21.57% in two days as board approves demerger of products biz.
  • JSW Steel gains after good production figures.
  • Ashok Leyland gains after reducing stake in IndusInd Bank.
  • IT shares decline after weak TCS outlook.

Read detail analysis report here:- http://rrfinance.com/Reserch/Pdf/07-July/DMR/19th_March_equity_closing_update.pdf

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Australian Pharmaceutical Industries Selects TCS for Integration of SAP ERP Program

Tata Consultancy Services, a leading IT services, consulting and business solutions firm, has been selected by Australian Pharmaceutical Industries (API), a leading beauty and health retail company in Australia to deliver a major IT and business transformation program whereby TCS will deliver SAP technology to unify and enhance mission-critical IT systems across API’s retail and wholesale operations.

tcs

After a series of mergers and acquisitions and fast-paced business growth, API needed to update and replace many of its key IT systems. API selected TCS as its strategic partner and under the terms of the agreement, TCS will deliver API with a SAP ERP platform that integrates with API’s legacy systems providing improvements in mission-critical business operations such as Merchandising, Sales and Customer Service, Logistics and Finance. API will benefit from enhanced customer service capabilities, improved logistics and finance processes, and better operational efficiencies.

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Read full story here:-http://goo.gl/B7hA2M

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