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TCS buyback: TCS announces Rs 17,000 crore-share buyback scheme

Following a board meeting to consider its Q2 results, TCS said the board has approved a proposal to buyback 4.09 crore shares for an aggregate amount not exceeding Rs 17,000 crore, representing 1.12% of the total paid-up equity share capital of the company. ....

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tcs: Despite strong deal wins, worried about fall in TCS employee and revenue numbers: Mahantesh Sabarad

Market expert Mahantesh Sabarad suggests that investors should take advantage of the buyback opportunity, despite low premiums and potentially low acceptance ratios. He cautions that the stock may not sustain its rally due to weak results. While deal wins are strong, delivery is lacking and new hires have decreased, indicating subdued delivery in the coming quarters. Sabarad advises caution regarding the buyback and expresses concern about declining revenue and employee base. ....

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tcs interim dividend: TCS declares a second interim dividend of Rs 9 per share. Check details

"We would like to inform you that at the Board Meeting held today, the Directors have declared a second interim dividend of Rs 9 per equity share of Rs 1 each," the company said in a filing. ....

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TCS revenue growth disappointed, margin 'surprised positively': Jefferies

Strong decline in headcount raises doubts on demand recovery in near term, said analysts ....

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Wipro to roll out salary hikes effective December 1; details here

India Business News: The Indian IT industry, valued at $245 billion, has been affected by a slowdown in tech spending, leading to deferred salary hikes and reduced variabl ....

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