Tata Consultancy Services (TCS) has signed an agreement to modernize the depository system of Muscat Clearing and Depository (MCD), Oman's central securities depository. TCS will implement TCS BaNCS' for Market Infrastructure and Quartz' to future-proof MCD's operations. MCD provides comprehensive Clearing, Settlement & Depository (CSD) services to all market participants. In addition to providing best-in-class CSD solutions, MCD will now benefit from TCS's global expertise and ability to offer new services to the market such as collateral management, central counterparty clearing and risk management. MCD will also collaborate with TCS to implement solutions from Quartz as part of this modernization initiative. TCS will also implement its digital and cloud-enabled solutions to transform customer experience and meet MCD's transformation objectives. TCS BaNCS for Market Infrastructure is an offering designed for central securities depositories (CSDs), central counterparty clearing houses (CCPs), exchanges, and central banks. It is a world-class, multi-asset CSD solution, providing end-to-end services for settlement, asset servicing, and investor services across various asset classes. TCS will deploy state-of-the-art technology for MCD, including cloud-based deployments and digital solutions. Additionally, Quartz Gateway will enable seamless integration of the market infrastructure solution with the stock exchange and investors for MCD.Powered by Capital Market - Live

The key benchmarks indices continued to gyrate between gains and losses in afternoon trade. The Nifty hovered below the 23,050 mark after hitting the day's high of 23,144.25 in mid-morning trade. Barring IT all the sectoral indices on the NSE were traded in red with realty, PSU Bank and media shares declining the most. The market is expected to be volatile ahead of Q3 results from major Nifty stocks like HDFC Bank, Hindustan Unilever, and Bharat Petroleum Corporation. At 13:25 IST, the barometer index, the S&P BSE Sensex, rose 74.23 points or 0.10% to 75,912.59. The Nifty 50 index declined 10.40 points or 0.05% to 23,014.25. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index dropped 2.27% and the S&P BSE Small-Cap index fell 2.59%. The market breadth was weak. On the BSE, 752 shares rose and 3,104 shares fell. A total of 122 shares were unchanged. Gainers & Losers: Tata Consultancy Services (up 2.89%), Infosys (up 2.79%), Wipro (up 2.77%), Tech Mahindra (up 2.05%) and Sun Pharma (up 1.88%) were the major Nifty gainers. Bharat Eectronics Limited (BEL) (down 3.98%), Tata Motors (down 3.10%), Adani Enterprises (down 2.23%), State Bank of India (SBI) (down 2.05%) and Adani Pots & Special Economic Zone (APSEZ) (down 2%) were the major Nifty losers. Stocks In Spotlight: Tata Technologies fell 1.92%. The IT firm reported 7.13% jump in consolidated net profit to Rs 168.64 crore in Q3 FY25 as compared with Rs 157.41 crore in Q2 FY25. Revenue from operations rose 1.16% to Rs 1,317.38 crore in Q3 FY25 as compared with Rs 1,296.45 crore in Q2 FY25. ICICI Prudential Life Insurance Company tumbled 7.13%. The company reported 43.2% surge in standalone net profit to Rs 325.65 crore in Q3 FY25 as against Rs 227.47 crore posted in Q3 FY24. However, total income tumbled 83.1% YoY to Rs 4,516.47 crore in the quarter ended 31 December 2024. Indiabulls Enterprises rallied 4.97% after the company, through its wholly owned subsidiary, signed a memorandum of understanding (MOU) with landowners to develop a real estate project in Ludhiana, Punjab. South Indian Bank jumped 2.48% after the bank's standalone net profit increased 11.95% to Rs 341.87 crore in Q3 FY25 as against Rs 305.36 crore recorded in Q3 FY24. Total income jumped 6.88% year on year to Rs 2,817.96 crore in the third quarter of 2025. Tanla Platforms tumbled 6.30% after the company's consolidated net profit declined 15.43% to Rs 118.51 crore on 0.21% fall in net sales to Rs 1,000.43 crore in Q3 FY25 over Q3 FY24. Neuland Laboratories gained 3.93% after the company's board approved a capital expenditure of Rs 342 crore to expand the peptide synthesizer reactor capacity at Unit-1 from 0.5 KL to 6.37 KL, and to add 52 KL of capacity at Unit-3. India Cements slipped 3.82% after the company reported a standalone net loss of Rs 428.84 crore in Q3 FY25 as against a net loss of Rs 16.51 crore posted in Q3 FY24. Revenue from operations stood at Rs 903.16 crore in the third quarter of FY25, down 16.51% as against Rs 1,081.88 crore posted in Q3 FY24. Cyient DLM plunged 13.60% after the company's consolidated net profit dropped 40.4% to Rs 10.99 crore in Q3 FY25 as compared with Rs 18.44 crore in Q3 FY24. Revenue from operations jumped 38.37% YoY to Rs 444.23 crore during the quarter. Global Markets: European market advanced, mirroring the positive sentiment seen in global markets since the start of the week. Asian stocks traded mixed on Wednesday, with Chinese stocks falling following comments from President Donald Trump about imposing a 10% tariff on China. After being sworn in, Trump vowed to sign a series of executive orders, including one declaring a national emergency at the U.S.-Mexico border. However, the initial executive actions stopped short of introducing new tariffs on the three largest U.S. trading partners. Instead, the president directed his administration to address unfair trade practices on a global scale, hinting at a more measured approach to trade policy. Wall Street had a decent showing on Tuesday as investors digested the potential impact of Trump's policy announcements. Netflix stole the spotlight with stellar earnings. The Dow Jones Industrial Average rose 1.2% to 44,025.81 points, the S&P 500 climbed 0.9% to 6,049.24 points, while the NASDAQ Composite gained 0.6% to 19,756.7. Netflix Inc. shares surged over 14% in after-hours trading to $993.99, following the announcement of a record-breaking 19 million new subscriber additions in Q4 2024'far exceeding expectations. Meanwhile, President Trump unveiled a $500 billion joint venture named Stargate, involving tech heavyweights like OpenAI, Oracle, SoftBank, Microsoft, NVIDIA, and others. The initiative aims to build advanced AI data centers and energy-generation facilities in Texas over the next four years. This massive collaboration is expected to elevate the U.S.'s AI capabilities to unprecedented levels.Powered by Capital Market - Live

Tata Consultancy Services (TCS) has achieved a significant milestone, becoming the second global IT services brand with a brand valuation of $21.3 billion. With a remarkable 826% growth in brand value over the last 15 years from $2.3 billion in 2010, TCS has cemented its position as a leader in the IT services industry. This achievement is underpinned by sustained investments in innovation, customer satisfaction, and strategic marketing initiatives. David Haigh,Chairman and CEO, Brand Finance, said, 'At Brand finance, we have been tracking TCS for about two decades and I am continually impressed by how the company keeps innovating its business and projecting its brand on the globalstage. Their consistent efforts have led them to a milestone year where they've become the second company in the industry to ever cross the landmark 20 billion mark in brand value. Congratulations to all the 600K TCSers who proudly carry their brand forward.'Powered by Capital Market - Live

Tata Consultancy Services has inaugurated a new delivery center in Toulouse, France. In the new state-of-the-art facility, TCS will harness next-generation technologies like artificial intelligence (AI), generative AI, machine learning, and data analytics to help customers in aerospace and related industries such as manufacturing and defence. The delivery centre will facilitate AI-driven transformation and foster innovation to improve aircraft design, manufacturing, and maintenance processes for European clients. This includes enhancing fuel efficiency, developing advanced materials for lighter aircraft structures, and implementing predictive maintenance to minimize downtime, improve safety, and redefine the passenger experience of the future. This delivery centre is strategically located in Blagnac near Toulouse Airport to be closer to customers in the aerospace industry. This is TCS' fourth delivery center in France after Lille, Poitiers, and Paris-Suresnes. Powered by Capital Market - Live

The key domestic indices traded with substantial losses in afternoon trade, following an unexpectedly strong US jobs report, which dampened expectations of early interest rate cuts by the Federal Reserve. At the same time, concerns over slowing earnings continued to persist. The Nifty dropped below the 23,200 level. All the sectoral indices on the NSE showed weakness, with realty, metal, and media shares tumbling the most. At 13:28 IST, the barometer index, the S&P BSE Sensex, slipped 741.57 points or 0.96% to 76,632.63. The Nifty 50 index lost 251points or 1.07% to 23,180.50. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index slumped 3.18% and the S&P BSE Small-Cap index dropped 3.27%. The market breadth was weak. On the BSE, 599 shares rose and 3,420 shares fell. A total of 140 shares were unchanged. Economy: India's foreign exchange reserves fell by $5.7 billion to $634.59 billion for the week ended January 3, data released by the Reserve Bank of India (RBI) on Friday showed. Foreign currency assets decreased by $6.441 billion to $545.48 billion, the data released on Friday showed. Gold reserves increased by $824 million to $67.092 billion during the week. The Special Drawing Rights (SDRs) were down by $58 million to $17.815 billion, the RBI said. India's reserve position with the IMF was down by $18 million at $4.199 billion in the reporting week, the apex bank data showed. Gainers & Losers: Tata Consultancy Services (up 1.09%), Axis Bank (up 1.05%), IndusInd Bank (up 0.83%), Infosys (up 0.31%) and Britannia Industries (up 0.15%) were the major Nifty gainers. Trent (down 4.94), Adani Enterprises (down 3.65%), Apollo Hospitals Enterprise (down 3.53%), Bharat Petroleum Corporation (BPCL) (down 3.13%) and Powergrid Corporation of India (down 2.94%) were the major Nifty losers. Stocks in Spotlight: Hindustan Unilever (HUL) shed 0.61%. The FMCG company informed that it has incorporated a wholly owned subsidiary (WOS) in the name of 'Kwality Wall's (India)' on 10 January 2025. Avenue Supermarts(Dmart) declined 2.93%. The company reported 4.8% increase in consolidated net profit to Rs 723.72 crore in Q3 FY25 as compared with Rs 690.61 crore in Q3 FY24. Revenue from operations jumped 17.7% YoY to Rs 15,972.55 crore in Q3 FY25. Just Dial tumbled 8.30% after the company's standalone net profit declined 14.8% to Rs 131.3 crore in Q3 FY25 as compared with Rs 154.1 crore in Q2 FY25.Revenue from operations increased marginally 0.9% to Rs 287.3 crore during the quarter as compared with Rs 284.8 crore in Q2 FY25. JSW Energy fell 1.97%. The company on Friday said that its wholly owned subsidiary, JSW Neo Energy has completed the acquisition of 125 MW of renewable energy assets from Hetero Group for an enterprise value of about Rs 630 crore. Ola Electric Mobility declined 3.23% after the firm said that the Central Consumer Protection Authority (CCPA) requested additional documents from the company as part of its ongoing investigation on 10 January 2025. Equinox India Developments slumped 4.31%. The company reported consolidated net profit of Rs 22.17 crore in Q3 FY25 as against net loss of Rs 38.65 crore posted in Q3 FY24. Revenue from operations soared 177% YoY to Rs 278.50 crore in the quarter ended 31 December 2024. NCL Industries tumbled 5.04% after the company's cement production stood at 661,049 MT in Q3 FY25, registering a de-growth of 12% as compared with 749,703 MT produced in Q3 FY24. Ugro Capital dropped 3.14%. The non banking finance (NBFC)'s asset under management (AUM) jumped 32% to over Rs 11,050 crore in Q3 FY25 as compared with Rs 8,364 crore in Q3 FY24. Global Markets: U.S. stock futures point to a negative open Monday, with the Dow Jones Industrial Average futures down 50 points. European market declined amid persisting jitters over the global economy. Investors in the region will continue to keep an eye on euro zone and U.K. government bond yields this week after yields climbed to fresh multi-month highs last week. Asian shares traded lower on Monday, following a strong US jobs report on Friday that fueled concerns about persistent inflation. This led to a rise in US Treasury yields and boosted the dollar. Brent crude oil prices surged to their highest level in over four months, exceeding $81 per barrel, amid renewed US sanctions against Russia. China's exports and imports in December beat expectations by a significant margin. Exports rose 10.7% from a year earlier, beating Reuters' expectations of 7.3% year-on-year growth. The country's imports in December unexpectedly rose 1%, compared with Reuters' estimates of a 1.5% decline. The robust job data reinforced expectations that the Federal Reserve will maintain its current interest rate stance. Investors are now keenly awaiting key US inflation data this week, including the Consumer Price Index (CPI) report on Wednesday, the New York Fed's one-year inflation expectations on Monday, producer prices on Tuesday, and jobless claims on Thursday. The US stock market closed lower on Friday after the strong jobs report reignited inflation fears. The Dow Jones Industrial Average plunged 1.63%, the S&P 500 declined 1.54%, and the Nasdaq Composite fell 1.63%. Nvidia shares dropped 3%, while Advanced Micro Devices stock price fell 4.76% and Apple share price declined 2.41%. Constellation Energy stock jumped 25.16%, while Constellation Brands tanked 17.09%. Walgreens Boots Alliance stock price soared 27.55%. The Labor Department reported that US nonfarm payrolls increased by 256,000 jobs in December, the largest increase since March. The unemployment rate fell to 4.1%. Investors are now turning their attention to the upcoming fourth-quarter earnings season, which begins this week with several major Wall Street banks reporting their results.Powered by Capital Market - Live

The Nifty January 2025 futures closed at 23,515, a premium of 83.5 points compared with the Nifty's closing 23,431.50 in the cash market. In the cash market, the Nifty 50 slipped 95 points or 0.40% to 23,431.50. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 1.75% to 14.92. Tata Consultancy Services, Infosys and State Bank of India were the top trading individual stock futures contracts in the F&O segment of the NSE. The January 2025 F&O contracts will expire on 30 January 2025.Powered by Capital Market - Live

The key equity indices continued to trade sideways in afternoon trade, amid FII outflows and global uncertainty. The Nifty traded below the 23,550 mark after hitting the day's high of 23,596.60 in the early afternoon trade. Barring IT all the other sectoral indices on the NSE were traded in red. At 13:25 IST, the barometer index, the S&P BSE Sensex, rose 58.55 points or 0.08% to 77,677.40. The Nifty 50 index fell 3.60 points or 0.02% to 23,522.90. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.44% and the S&P BSE Small-Cap index slipped 1.66%. The market breadth was weak. On the BSE, 931 shares rose and 2,951 shares fell. A total of 114 shares were unchanged. Gainers & Losers: Tata Consultancy Services (up 5.91%), Tech Mahindra (up 3.94%), Wipro (up 3.51%), Infosys (up 2.76%) and HCL Technologies (up 2.46%) were the major Nifty gainers. Tata Consultancy Services (TCS) rallied 4.12% after the company reported 3.95% increase in consolidated net profit to Rs 12,380 crore in Q3 FY25 as compared with Rs 11,909 crore in Q2 FY25. Revenue from operations fell 0.45% QoQ to Rs 63,973 crore during the quarter. Shriram Finance (down 3.91%), IndusInds Bank (down 3.76%), Adani Enterprises (down 2.73%), Sun Pharmaecuticals (down 2.48%) and HIndalco Industries (down 2.35%) were the major Nifty losers. Stocks in Spotlight: Tata Elxsi tumbled 6.58% after the design led technology service provider reported 3.59% decline in net profit to Rs 199 crore on 2.72% increase in revenue from operations to Rs 939.17 crore in Q3 FY25 over Q3 FY24. JSW Steel advanced 1.15% after the company announced its highest ever consolidated Crude Steel production for the Q3 FY25 was at 7.03 million tonnes, which is higher by 2% as compared with 6.87 million tonnes reported in Q3 FY24. GTPL Hathway tumbled 9.48% after the company's consolidated net profit slipped 57.03% to Rs 10.17 crore in Q3 FY25 as compared with Rs 23.67 crore in Q3 FY24. Revenue from operations increased 4.27% to Rs 887.27 crore in Q3 FY25 as compared with Rs 850.87 crore posted in the corresponding quarter last year. Aditya Birla Fashion and Retail (ABFRL) shed 0.70%. The company informed that its board will meet on 15 January 2025 to consider the proposal for raising funds, subject to required approvals. IRB Infrastructure Developers declined 3.13%. The company's toll collection jumped 19% to Rs 580 crore in December 2024 as against Rs 488 crore posted in December 2023. Senco Gold fell 5.27%. The company announced that its revenue grew 22% year on year (YoY) and retail growth was steady at 19% YoY in the quarter ended 31 December 2024. Indian Renewable Energy Development Agency (IREDA) dropped 4.38%. The company's standalone net profit jumped 27% to Rs 425 crore on 36% increase in revenue from operations to Rs 1,698 crore in Q3 FY25 over Q3 FY24. The Phoenix Mills rose 1.45% after the company said that its total consumption stood at approximately Rs 3,998 crore in Q3 FY25, registering a growth of 21% year on year (YoY). Indegene declined 0.93%. The company announced a strategic partnership with CliniOps, a leading provider of advanced digital clinical trial solutions to drive innovative digital transformation in clinical trial processes and achieve better patient outcomes. Global Markets: U.S. stock futures point to a weak open Friday, with the Dow Jones Industrial Average futures down 54 points. This follows persistent concerns over a slower pace of interest rate cuts in 2025, exacerbated by upcoming nonfarm payroll data that could provide further insights into the economy. The upcoming earnings season, kicking off next week with major bank reports, adds another layer of uncertainty. European market traded mixed on Friday as investors as investors monitor economic data and ongoing turbulence in the U.K.'s debt markets. Asian indices mostly declined on Friday, concluding a volatile first full trading week of 2025. Investor sentiment remains fragile amid concerns over slower U.S. rate cuts and the possibility of a rate hike by the Bank of Japan. Japanese stocks extended their losing streak to three days as stronger-than-expected wages and private spending data increased expectations of a potential BOJ rate hike in January. Weak inflation data from China, released earlier this week, further dampened sentiment, compounded by speculation regarding potential trade tariffs against the country. Regional markets mirrored losses in global markets, as hawkish signals from the Federal Reserve this week reinforced expectations of slower monetary easing in 2025. The U.S. market was closed Thursday to honor the passing of former President Jimmy Carter.Powered by Capital Market - Live

Revenue from operations fell 0.45% QoQ to Rs 63,973 crore during the quarter. On YoY basis, the company's consolidated net profit jumped 11.96% while revenue increased 5.6% in the quarter ended 31st December 2024. Constant currency grew 4.5% YoY in the Q3 FY25. Operating margin (excluding settlement of legal claim) stood at 24.5% during the quarter, down 50 bps YoY. Net margin was at 19.4% in Q3 FY25. Profit before tax (PBT) stood at Rs 16,666 crore in Q3 FY25, up 3.95% QoQ and up 12.39% YoY TCS' order book stood at $10.2 billion in the December quarter, compared to $8.6 billion in the preceding quarter. The company said that growth led by Consumer Business Group (1.1%), Energy, Resources and Utilities (3.4%) and Regional Markets (40.9%). The growth markets continue to lead: India (70.2%), Middle East & Africa (15.0%), Latin America (7.0%), Asia Pacific (5.8%). Total workforce stood at 607,354 as on 31 December 2024, IT services attrition rate stood at 13% for the last twelve weeks. As on 31st December 2024, the company had applied for 8,549 patents, including 195 applied during the quarter and been granted 4,585 patents including 216 during the quarter K Krithivasan, chief executive officer and managing director, said, 'We are pleased with the excellent TCV performance in Q3 which was well-rounded across industries, geographies and service lines lending good visibility to long-term growth. BFSI and CBG returning to growth, continued stellar run of Regional Markets and early signs of revival in discretionary spend in some verticals give us confidence for the future. Our continuing investments in upskilling, AI/Gen AI Innovations and partnerships sets us up to capture the promising opportunities ahead.' Samir Seksaria, chief financial officer(CFO), said: 'In a quarter that saw significant cross-currency volatility, TCS's strong execution, cost management and deft currency risk management helped deliver healthy margin improvement and free cash flows. Disciplined investments in talent and infrastructure should lend good support to long-term business growth.' Meanwhile, the company's board has approved the acquisition of its wholly owned subsidiary, Tata Realty and Infrastructure (TRIL)'s entities, TRIL Bengaluru Real Estate Five and TRIL Bengaluru Real Estate Six. Further, the company's board has declared an interim dividend of Rs 10 each and a special dividend of Rs 66 per equity share of Rs 1 each. The record date for the interim and special dividends is 17 January 2025, and the dividends will be paid on Monday, 3 February 2025, to eligible equity shareholders. TCS is an IT services, consulting and business solutions organization. It offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions.Powered by Capital Market - Live

Securities in F&O Ban: Bandhan Bank, Hindustan Copper, Manapurram Finance and RBL Bank & L&T Finance shares were banned in F&O Trading on 9 January 2025. Earnings Today: CESC, PCBL, Just Dial, Valecha Engineering, Vivimed Labs, Brightcom Group, GNA Axles, Hathway Bhawani Cabletel, Shah Metacorp, and Yaari Digital will declare their quarterly earnings later today. Stocks to Watch : Tata Consultancy Services (TCS) Tata Consultancy Services (TCS) reported 3.95% increase in consolidated net profit to Rs 12,380 crore in Q3 FY25 as compared with Rs 11,909 crore in Q2 FY25. Revenue from operations fell 0.45% QoQ to Rs 63,973 crore during the quarter. Tata Elxsi reported 3.59% decline in net profit to Rs 199 crore on 2.72% increase in revenue from operations to Rs 939.17 crore in Q3 FY25 over Q3 FY24. Indian Renewable Energy Development Agency (IREDA)'s standalone net profit jumped 26.8% to Rs 425.38 crore on 34.9% increase in operating income to Rs 30.93 crore in Q3 FY25 over Q3 FY24. GTPL Hathway's consolidated net profit declined 57.1% to Rs 10.17 crore despite of 4.3% increase in net sales to Rs 887.27 crore in Q3 FY25 over Q3 FY24. Senco Gold achieved total revenue growth of 22% YoY in Q3 while retail growth was steady at 19% YoY in Q3 as well. The growth in Tier 3 and Tier 4 towns outpaced metro and Tier 2 city growth as observed in the economy in general and retail consumption in particular. Same store sales growth (SSSG) growth remains steady in 13%-14% range in Q3 also indicating sturdy performance by existing showrooms. IRB Infrastructure Developers' December toll collections jumped 31% YoY to Rs 345 crore as compared with Rs 264 crore recorded in same quarter last year.Powered by Capital Market - Live

Net profit of Tata Consultancy Services rose 11.96% to Rs 12380.00 crore in the quarter ended December 2024 as against Rs 11058.00 crore during the previous quarter ended December 2023. Sales rose 5.60% to Rs 63973.00 crore in the quarter ended December 2024 as against Rs 60583.00 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales63973.0060583.00 6 OPM %26.6327.05 - PBDT18043.0017020.00 6 PBT16666.0015787.00 6 NP12380.0011058.00 12 Powered by Capital Market - Live