Among the businesses that need consolidation are retail and defence
Infy's cash utilisation may play role in whether valuation gap too narrows
Shareholders feel Cyrus Mistry is slowly slipping into Ratan Tata's shoes
Faced with imminent recession in the United States, Indian IT services companies might take this step from April 1, 2008.
The country's largest IT services provider has managed to stay nimble despite a ballooning workforce.
During the afternoon trade, TCS commanded a market value of over Rs 2,38,223 crore (Rs 2,382.23 billion), the highest for any listed company in India.
Both companies, along with three others, were suspended in 2010 on grounds of irregularities.
Construction will commence in 2011-12 and be completed in three years. TCS is the second IT firm to set up such a facility after Bengaluru-based Infosys Technologies inaugurated its campus in Mysore last year.
Plans over $1 bn equity sale to fund group buyouts.
Tata Consultancy Services (TCS) has become the first Indian company to exceed Rs 5 lakh crore in market capitalisation.
Tata Consultancy Services has become the second-largest insurance business process outsourcing provider in the UK, after winning two deals worth 250 million pound (around Rs1,800 crore).
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