Infosys vs TCS: How The Two Companies Have Fared In Last Five Years

The Indian IT industry is one of the leading destinations in the world for the services sourcing business. According to the India Brand Equity Foundation (IBEF) report, it accounts for approximately 55% of the global IT services industry market share.
In India, the industry accounted for 8% of the GDP in 2020.

The major players in this rapidly growing industry are Infosys and Tata Consultancy Services (TCS).

In this article, we compare the two companies on the basis of business operations, financial performance and future growth prospects.

Business overview

Infosys is one of the leading Indian IT services companies offering traditional and digital IT and consulting services.

The company\'s digital services-related capabilities in cloud computing, the internet of things (IoT), big data and analytics, and artificial intelligence (AI) are ranked the best in the industry.

The key business verticals for Infosys are financial services, retail, communication, energy and utilities, and manufacturing.

TCS is a part of the Tata group. It has been offering IT services, business solutions and consultancy services for the past 50 years.

The company holds a leading position among Indian players in the IT services space. It provides outsourcing, has a diversified client base and offers a wide range of services.

The key business verticals for TCS are the same as Infosys, barring manufacturing. The company instead has a life science and healthcare division.
Source: NDTV

The Ministry of External Affairs summoned the Canadian Deputy High Commissioner on Monday and expressed strong opposition to the open chanting of separatist pro-Khalistan slogans at an event where Canadian PM Justin Trudeau was speaking. Trudeau spoke at a Khalsa Day event in Toronto where banners saying Modi wanted were displayed, causing concern among Indian intelligence officials, according to sources.

Gold Prices Today: Gold Futures Trades Lower, Finds Supports At ₹ 48,100
Gold, Silver Price Today, 21 December 2021: On the Multi Commodity Exchange (MCX), gold futures due for a February 4 delivery, were last seen trading lower by 0.29 per cent - at ₹ 48,098

Gold futures traded lower on Tuesday, December 21, as the yellow metal mirrored trends in global markets. On the Multi Commodity Exchange (MCX), gold futures due for a February 4 delivery, were last seen trading lower by ₹ 142 or 0.29 per cent - at ₹ 48,098, compared to their previous close of ₹ 48,240. Silver futures due for a March 4 delivery were last up 0.07 per cent at ₹ 61,460 against a previous close of ₹ 61,417.
Domestic spot gold opened at ₹ 48,192 per 10 grams on Tuesday, and silver at ₹ 60,939 per kilogram - both rates excluding GST, according to Mumbai-based industry body India Bullion and Jewellers Association (IBJA).

In forex markets, the rupee appreciated 17 paise to 75.73 against the US dollar in the opening session today, tracking heavy buying in domestic equities and a weak American currency in the overseas market. However, surging crude prices restricted the rupee\'s gain, according to traders.

At the interbank foreign exchange, the rupee opened strong at 75.74 and inched up to quote 75.73 against the American dollar in early deals, registering a rise of 17 paise from the last close.
\'\'COMEX gold trades marginally lower near $1791/oz after a 0.6 per cent decline yesterday. Gold trades marginally lower amid stability in equity markets and rise in bond yields from recent lows. ETF flows also show weaker investor interest.

However, supporting price is rising virus concerns, setback in US spending bill negotiations, concerns about Chinese economy and geopolitical issues. Gold may remain choppy reflecting larger financial markets however Fed\'s tightening expectations may continue to weigh.\'\'
Source - NDTV