Business

TCS shares gain nearly 4 per cent post Q4 results

Shares of Tata Consultancy Services (TCS) Monday gained nearly 4 per cent after the company reported 17.7 per cent growth in consolidated net profit for the March 2019 quarter. The scrip after making a positive opening further jumped 3.56 per cent to Rs 2,085.60 on the BSE.At the NSE, shares of the company rose by 3.64 per cent to Rs 2,088.On the volume front, one lakh shares of the company were traded on the BSE and over 28 lakh shares on the NSE, during the morning trade. "TCS beat street/our estimates on revenues," Emkay Global Financial Services said in a report on Saturday.

TCS Friday reported 17.7 per cent growth in consolidated net profit at Rs 8,126 crore for the March 2019 quarter.This is against a net profit of Rs 6,904 crore in the year-ago period, TCS said in a regulatory filing.Revenue of the firm grew 18.5 per cent in the quarter under review to Rs 38,010 crore from Rs 32,075 crore in the corresponding period last fiscal, it added.  

Viral Acharya quits as RBI Deputy Governor, 6 months before his term ends

Reserve Bank of India Deputy Governor Viral Acharya has resigned six months before the scheduled end of his term, sources said Monday. He was in charg...

India's leading e-tailer Flipkart, co-founder sells part stake to Walmart for 531 crore

Binny Bansal, the co-founder of India's leading e-tailer Flipkart, sold around 54 lakh of his equity shares valued at $76 million (Rs 531 crore) to wo...

Rupee opened flat at 69.58 vs US dollar in early trade

The rupee opened on a flat note at 69.58 against the US dollar in opening trade on Monday amid rising crude oil prices and foreign fund outflows.Forex...

Sensex, Nifty start on a cautious note

Domestic equity benchmarks BSE Sensex and NSE Nifty started on a cautious note on Monday amid weak cues from other Asian markets and rising crude pric...