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Top headlines: Slower revenue growth for TCS, Jio unlikely to raise tariffs

From S&P Ratings predicting slower revenue growth for TCS, states to pitch for timely GST compensation at Council meet to cinemas getting ready to open in September, here are top headlines of the day

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The Tata Motors group has set a target of reducing its consolidated automotive net debt (excludes the company’s vehicle finance business) to near zero in the next three years

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TCS may see slower revenue growth, profitability over 12-18 months: S&P

S&P Global Ratings on Tuesday said Tata Consultancy Services (TCS) is likely to face slower growth in revenue and profitability over the next 12-18 months, given subdued global information technology (IT) spending. However, the Mumbai-based IT major's robust cash position and prudent financial policies will continue to support its financial position,it said. "We are revising our outlook on TCS to stable from positive. At the same time, we affirmed our 'A' long-term issuer credit rating on the company," S&P Global Ratings said in a statement. Read More...

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First Published: Aug 26 2020 | 7:30 AM IST

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