Why were Infosys and TCS are in news? Infosys on Monday reportedly said that it would give quarterly performance bonus to its employees in November, averaging a payout of 80 per cent. Employees at position Level 6 (PL6-manager) and those at below band will be eligible for the bonus. TCS on the other hand, announced on Monday that it had signed an agreement with Australia’s primary securities exchange, ASX, to provide a next-generation clearing and settlement platform to service the Australian market. "ASX will implement TCS’ flagship product TCS BaNCS for Market Infrastructure to enable the transformation," TCS said in a statement.
Infosys, TCS share prices: Shares of Infosys and Tata Consultancy Services (TCS) traded higher on Tuesday (November 21) after brokerage Bernstein gave contrasting target prices for the IT companies' stocks. The stock of Infosys was higher by 0.52 per cent, or Rs 7.40, at Rs 1443.70, while the shares of TCS were up by 0.22 per cent, or Rs 7.70, at Rs 3527.00 each, on BSE at 10:09 am on Monday.
Tata Technologies IPO GMP today According to market observers, Tata Technologies IPO grey market premium (GMP) today is ₹351, which is unchanged from yesterday's GMP of ₹351. This means, Tata Technologies IPO GMP has remained steady despite choppy trends on Dalal Street. They went on to add that Tata Technologies IPO GMP has more or less remained steady in last three days despite not so exciting trend on Dalal Street, which is praiseworthy as shares of Tata Technologies Ltd are still available at a premium of 70 per cent against Tata Technologies IPO price band of ₹475 to ₹500 per equity share. They said that strong sentiments in grey market signals strong response to the public issue once it opens on tomorrow.