In addition, Rs 6,227-cr claim by Epic Systems that the company has disputed and expects to defend, is also accounted as a contingent liability
N Chandrasekaran saw his annual compensation rise to Rs 25.6 cr
Will add to the growth of its partner TCS' insurance platform Diligenta
According to the agreement, TCS would manage the operational aspects of the airline's IT services and requirements
The country's largest IT firm employs over 100,000 women globally, a third of its total workforce.
One of the reasons behind doing away with the Bell Curve system was the high attrition rate
At 11:27 am, the stock was down 1.8% to Rs 2,476 on the BSE as compared to 0.15% decline in the S&P BSE Sensex.
The editorial, "TCS gets hit" (April 18), is just the kind of public admonition needed from the media whenever an Indian company operating internationally veers from the straight and narrow. When the company in question is an iconic one like TCS, the need to do so is even more.TCS is not one of hundreds of small-time operators in the software industry; it is a symbol of India's success internationally. That it has been fined almost a billion dollars by a US court hurts not only the company's finances but also national pride. It means there is wrongdoing on the part of the company, intentional or not.The company's declaration that it did not derive any benefit from downloaded documents is little consolation for the stakeholders - in the larger sense, the entire nation. TCS has gone on record saying the fine would definitely be reduced and, in any case, it would appeal. Arguably, this is tacit admission of a wrongdoing; the extent is irrelevant.That several Indian companies have been fin
Says jury verdict in Epic Systems' case won't impact financial results
We will deal with the situation. We are in touch with people whom we should be, and we don't see any major issue: N Chandrasekaran
TCS fourth quarter net profit came in at Rs 6,341 crore up 64.4% year-on-year (y-o-y) and 3.8% sequentially
Company announced rupee revenue growth at 3.96% to Rs 28,449 crore, while its dollar revenue jumped 1.5% to $4,207 mn
The federal grand jury in the US State of Wisconsin ruled that TCS and Tata America International Corp must pay $240 million to Epic Systems
Management commentary on FY17 budgets, jury decision in the US to be key for IT major
The court has also questioned Epic's assumption that Tata Consultacy Services used the information for the creation of a competitive product
It's questionable whether TCS lawyers failed to explain to the jury about the finer points of the highly technical case
TCS has been asked to advise the government on how to deal with the 12 million tonnes of waste pile-up at the site
The m-cap of TCS surged Rs 12,068.87 crore to Rs 4,78,272.12 crore
The IT major said at an analyst meeting that 52% of its clients are engaged in digital technologies
TCS already partners with seven of the world's leading races