Shares of Tata Consultancy Services on Wednesday plunged almost 4 per cent, wiping out about Rs 16,000 crore (Rs 160 billion) in investor wealth, after the IT major indicated to analysts that weak India business and lower working days could drag down March quarter growth rate.
For the first time since 2008, first quarter of 2014 (Jan-March) saw signing of 10 mega-contracts worth $100 million in ACV.
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