Valuations, however, discount near-term gains on revenue visibility, execution
India's largest IT services firm Tata Consultancy Services (TCS) on Wednesday said its up to Rs 16,000-crore share buyback programme will commence on December 18 and close on January 1, 2021
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Kohli was the founding chief executive of sector leader TCS and pioneered the country's 'Technology Revolution' which helped India build its USD 100 billion IT industry
"Kohli was the true pioneer of Indian IT. We have all followed in his footsteps. His contribution to the IT industry and thus to India is immeasurable," Wipro Chairman Azim Premji said in a statement
Several brokerages are advising their retail clients to buy shares of TCS to benefit from the arbitrage opportunity created by its Rs 16,000-crore share repurchase programme
Bajaj Finance emerged as the biggest gainer, reflecting bullish investor sentiment
No cash will change hands and TCS will take on more than 1,500 Pramerica employees.
India's largest IT services firm Tata Consultancy Services (TCS) on Monday said it will acquire 100 per cent shares of Postbank Systems AG (PBS) from Deutsche Bank AG.
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Firms may not be optimistic about growth prospects
Revenue grows 86%; firm revises revenue and margin guidance upward
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In a buyback, purchase the stock early from the market or else the price gap could close
At the last closing price of Rs 2,825, TCS was valued at $144.73 billion, (Rs 10.6 trillion), while Accenture is currently at $142.4 billion
In a Q&A, N Ganapathy Subramaniam explains why his company went for a pay hike in the face of economic concerns brought on by the pandemic
In dollar terms, revenues stood at $5.42 billion, an increase of 7.2 per cent over the same period of the last financial year.
Quantum of raise being worked out as firm becomes the first in IT space to announce pay increase
The NQT will be conducted every quarter and the score will be valid for two years
In a seperate filing, TCS also informed that it will also consider share buyback proposal during its board meet to accept second-quarter results on Wednesday