The buyback offer saw subscription of approximately 1.47 times the maximum number of equity shares proposed to be bought back
As a part of cost cutting measures to tackle global economic downturn, IT major Tata Consultancy Services (TCS) on Thursday said job cuts are possible and ruled out salary hikes next year.
India's largest information technology firm Tata Consultancy Services on Wednesday said it would increase headcount in the next financial year and explore both the organic and inorganic routes for growth.
Leading information technology services company Tata Consultancy Services would add a net of 13,500 people this year, chief executive officer and managing director S Ramadorai said on Saturday.
In addition, TCS solutions will also be part of the racing car's popular cousin, the Ferrari sports car.
Tata Consultancy Services would set up a development centre at Gandhinagar, official sources said in Ahmedabad on Friday.
Tata Consultancy Services (TCS) said it will hire 55,000 employees this fiscal, including 25,000 freshers.
IT major nears $100 bn m-cap, accounts for 61% of the group's combined valuation.
TCS is fastest growing software brand in the world.
TCS will have to deliver higher revenues in the succeeding quarter of FY15.
50-odd biz leaders are part of Modi's entourage for the 3-nation tour
While study was done before the current boardroom battle began, the findings indicate Tata is no longer viewed as aspirational brand by working professionals.
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