
TCS buyback: Opening, closing dates fixed; retail entitlement at 17%
TCS plans buyback of 4,09,63,855 equity shares for ₹17,000 crore at ₹4,150 apeice
TCS plans buyback of 4,09,63,855 equity shares for ₹17,000 crore at ₹4,150 apeice
TCS is significantly investing in building AI capabilities which include products and platforms.
In a trade secret theft case, Jury said TCS “willfully and maliciously misappropriated CSC's source code and confidential documentation”
TCS shares declined 1.2% to hit a low of ₹3,468 as the stock turned ex-date for share buyback today.
In the lawsuit, Epic Systems alleged TCS employees of fraudulently accessing Epics software beyond the purview of the consulting contract in order to improve their competing product.
Promoters of listed businesses rake in ₹14.67 lakh crore as cumulative payout over five years.
TCS says it will continue to enhance its governance measures including regular rotation of personnel performing key roles in the Resource Management function.
De-growth is not being compensated fully because clients are optimising and there is some deferral happening, says TCS CEO K Krithivasan.
TCS is expected to post constant currency revenue growth of 1% with 20 bps cross currency headwinds translating into 0.8% QoQ dollar revenue growth.
Salil Parekh’s focus on large deals helps company close the gap with industry leader TCS.