{"id":104415,"date":"2023-06-22T18:30:00","date_gmt":"2023-06-22T13:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104415"},"modified":"2023-06-22T18:29:24","modified_gmt":"2023-06-22T12:59:24","slug":"tata-group-stock-signs-a-deal-worth-8798-cr-to-aid-senior-citizens-in-uk","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/tata-group-stock-signs-a-deal-worth-8798-cr-to-aid-senior-citizens-in-uk\/","title":{"rendered":"Tata Group Stock signs a deal worth \u20b9 8,798 Cr to aid senior citizens in UK\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1004212278\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of IT giant Tata Consultancy Services Limited (TCS) closed in the red today at Rs 3,238.50, dipping around 0.60 percent compared to the previous closing levels of Rs 3,258.20. The company has a market capitalization of Rs 1,184,983 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-274089865\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company, through a regulatory filing with the BSE, announced the expansion of a long-standing partnership with \u2018Nest\u2019, the largest workplace pension scheme in the United Kingdom (UK), to focus on transforming the latter\u2019s administration services using its platform powered by TCS BaNCS.&nbsp;In addition to the same, the partnership will also aid in delivering better retirement outcomes for people across the UK.&nbsp;<\/p><p>As per the filing, the contract is signed for \u00a3840 million (Rs 8,798 crores) with an initial tenure of ten years. Moreover, the contract value, if extended to the entirety of its eighteen-year tenure, is estimated to be \u00a31.5 billion.&nbsp;<\/p><p>The company\u2019s annual numbers have observed a decent growth in the basic financial parameters such as the operating revenues as well as the net profits generated by the company.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-373152505\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The operating revenues went up from Rs 191,754 crores during FY21-22 to Rs 225,458 crores in FY22-23 and the net profits, keeping the timeframe the same, moved from Rs 38,449 crores to Rs 42,303 crores.&nbsp;<\/p><p>Moreover, the profitability ratios have seen a jump with the return on equity shifting from 42.99 percent during FY21-22 to 46.61 percent in FY22-23 and the return on capital employed (ROCE), during the same time period, going up from 52.91 percent to 57.63 percent.&nbsp;<\/p><p>The latest shareholding pattern data exhibit the Promoters holding a 72.3 percent stake, and Foreign Institutional Investors (FIIs) holding a 12.72 percent stake in the company.&nbsp;<\/p><p>Based in Mumbai,<a href=\"https:\/\/portal.tradebrains.in\/stock\/TCS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\"> <strong>Tata Consultancy Services<\/strong><\/a> Limited is an Information Technology (IT) services provider with traditional offerings that include cloud infrastructure services, consulting, etc. The company derives half of its revenues from the North American regions.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-617062475\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of IT giant Tata Consultancy Services Limited (TCS) closed in the red today at Rs 3,238.50, dipping around 0.60 percent compared to the previous closing levels of Rs 3,258.20. The company has a market capitalization of Rs 1,184,983 crores.&nbsp; The company, through a regulatory filing with the BSE, announced the expansion of a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":18629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[2956,3247,2363,3103,5608,3678,4141,2822,2727,3109,2486,7544,8481,3246,4107,4335],"class_list":["post-104415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-tata-consultancy","tag-tata-consultancy-results","tag-tata-group","tag-tata-group-stock","tag-tata-group-stock-to-buy-in-2023","tag-tata-group-stocks","tag-tata-group-stocks-returns","tag-tata-groups","tag-tata-news","tag-tata-stocks","tag-tcs","tag-tcs-latest-news","tag-tcs-q4-results","tag-tcs-results","tag-tcs-share-price","tag-tcs-share-price-targets"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tata Group Stock signs a deal worth \u20b9 8,798 Cr to aid senior citizens in UK\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of IT giant Tata Consultancy Services Limited (TCS) closed in the red today at Rs 3,238.50, dipping around 0.60 percent compared to the previous closing levels of Rs 3,258.20. 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