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
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November 2023
October 2023
TCS partners AWS to launch Gen AI practice
TCS is significantly investing in building AI capabilities which include products and platforms.
TCS asked to cough up $210 mn to DXC Tech in U.S.; stock down
In a trade secret theft case, Jury said TCS “willfully and maliciously misappropriated CSC's source code and confidential documentation”
TCS buyback: IT major trades ex-date; stock down 1%
TCS shares declined 1.2% to hit a low of ₹3,468 as the stock turned ex-date for share buyback today.
TCS to make $125 mn balance provision in Q3 after US court rejects plea in Epic Systems case
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.
Ka-ching! $193Bn Dividend Bounty For India Inc. Shareholders
Promoters of listed businesses rake in ₹14.67 lakh crore as cumulative payout over five years.
TCS fires 16 employees, bans 6 vendors in bribes-for-jobs scam
TCS says it will continue to enhance its governance measures including regular rotation of personnel performing key roles in the Resource Management function.
Clients asking for cost optimisation amid economic uncertainty: TCS CEO
De-growth is not being compensated fully because clients are optimising and there is some deferral happening, says TCS CEO K Krithivasan.
TCS shares rise 1% ahead of Q2; here’s what to expect from IT major
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.
Infosys’ Growth Catalyst
Salil Parekh’s focus on large deals helps company close the gap with industry leader TCS.
