The buyback is proposed to be made from the shareholders of the company on a proportionate basis under the tender offer route using the stock exchange mechanism.
Tata Consultancy Services' proposed acquisition of Switzerland based TKS-Teknosoft is likely to expand the domestic IT major's banking software portfolio, but would not have any major impact on its earnings, analysts believe.
Tata Consultancy Services, India's largest outsourcing company, plans to list the company on the London Stock Exchange, its chief executive officer Subramanian Ramadorai has indicated.
TCS is recognised as a Top Employer in Latin America and North America.
The move, alleged employee sources, started somewhere in mid-January. While at least 80 employees were asked to resign over the past week, one company source asserted that as many as 300 employees were being asked to leave. The company, however, dismissed the employee allegations as pure speculation.
IT services provider Tata Consultancy Services has acquired Phoenix Global Solutions, a Bangalore-based firm that provides technology business solutions to insurance companies, for an undisclosed sum.
Tata Consultancy Services on Tuesday toppled IT major Infosys to become the country's most valued IT firm.
Major IT firms such as Tata Consultancy Services, HCL Technologies, Infosys, Cyient, and L&T Technology Services have direct exposure to Boeing or its suppliers' ecosystem, which comprises engine manufacturers, body suppliers, and avionics providers. These firms provide services like application development, testing, engineering, avionics, and business process management for the Boeing 737 Max programme.
India's largest IT firm Tata Consultancy Services (TCS) will not announce a cut in variable pay of its employees this year , despite the company reporting a negative net profit on sequential basis.Last quarter, the company had announced a reduction in its staff variable pay as it did not achieve the internal targets.
Infosys, however, remains the 'dream company' in the IT arena, while MNCs occupy the maximum mindshare of professionals.
Is Bangalore, India's Silicon Valley and home for some of the biggest information technology firms in the country, slowly losing out to Chennai? It seems so, considering the investment plans of leading IT companies.
NTPC and NHPC, which together own a third of India's electricity generation, have roped in state-owned power sector financing firm, Power Finance Corporation for the joint venture along with TCS. "We (referring to NTPC and NHPC together) are the largest power generators and we hope to create a market for this," said NTPC Chairman and Managing Director R S Sharma.
The Tata Group has close to 110 companies and Chandrasekaran plans to bring this number down to around five or six.
The IT-BPO industry is becoming increasingly alert on fake biodatas. India's largest IT serivces provider, Tata Consultancy Service, has recently asked close to 20 employees at its Kolkata centre to leave after the company, during the background verification, found that these employees have used fudged resumes to get jobs.
Tata Consultancy Services (TCS) Vice Chairman S Ramadorai has been appointed advisor to Prime Minister Manomhan Singh on skill development. Ramadorai will enjoy the rank equivalent to a cabinet minister.
Indian American and Indian entrepreneurs believe the West Bengal government, which is projecting the state as an ideal investment destination for information technology and hi-tech industries, has to go a long way before it can become India's number one hub for such industries.
The revenue growth rate for Tata Consultancy Services and Infosys Technologies has declined by over 20 percentage points to about 25 per cent from over 45 per cent in the quarter ended June 2006.
Hike in H1-B visas indicates that the company is winning new deals, for which projects initially need employees onsite.
TCS, Infy, Wipro among those that have bagged a five-year deal.
Analysts are of the opinion that 55 may emerge as the new age to retire for techies in India
There was virtually no incremental equity investment by Tata Sons during Mistry's first two years
Microsoft Chairman and CEO Satya Nadella along with Alphabet Inc and its subsidiary Google CEO Sundararajan Pichai are also among those from trade and industry who have been awarded the Padma Bhushan for their distinguished services.
BusinessWeek in its '2007 Information Technology 100 listing' has placed TCS on 23rd position among world's leading IT companies.
TCS, based on its annualised 9mFY04 earnings, has an EPS of Rs 31.9.
The total employee strength of the company stood at 2,14,770 at the end of the September quarter.
The country's largest software exporter, Tata Consultancy Services, on Thursday reported a 2.67 per cent growth in its net profit at Rs 1,362.06 crore (Rs 13.62 billion) for the third quarter ended December 31, 2008.
Partly an answer to downturn, political pressure; trend should shift again, say analysts.
Indian IT major Tata Consultancy Services will open a branch in Israel within six months and has already chosen a local manager.
IT major Tata Consultancy Services said that it made job offers to 1,006 students of Anna University this year.
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