Tata Consultancy Services has informed that its promoter, Tata Sons, will be participating in the proposed share buyback initiative, in an exchange filing.

"We would like to inform you that the promoter and promoter group of the company have communicated the intention to participate in the proposed buyback," said the company in a statement.

BENGALURU: Tata Consultancy Services grew its revenue in the double-digit range in France to $200 million in FY18, the first time those figures have been disclosed, and expects growth to rev up as the European economy improves.

Indian IT companies have been focusing on Europe to reduce their US dependence, where protectionist economic policies and slower spending by large banks is putting a crimp on growth.

Mumbai: Shares of information technology companies, including Tata Consultancy Services Ltd and Infosys Ltd, gained on Wednesday as the Indian rupee weakened to a 19-month low against the US dollar. NSE’s Nifty IT Index gained 1.11% at 10.57 am. The Nifty 50Index was down 0.20%.

Tata Consultancy Services (TCS) has expressed concerns regarding the government’s decision to utilise postal department staff as citizen service executives at post office passport seva kendras.

The decision was in contravention of the provisions of the master services agreement signed between the company and the Ministry of External Affairs (MEA) on October 13, 2008, TCS said.

Shares of information technology (IT) companies were in focus on Monday with the S&P BSE IT index hitting record high. The raly comes on the back of a surge in prices of sector majors - Tata Consultancy Services (TCS) and Infosys - that hit a new high on the BSE in intra-day trade.

New Delhi: Shares of India’s biggest IT company Tata Consultancy Services Ltd (TCS) traded higher on Friday ahead of the company’s decision on share buyback proposal. TCS in a filing with the BSE on Tuesday had informed that its board will consider a proposal for buyback of equity shares at a meeting on Friday. Domestic brokerage Motilal Oswal Securities, which has a neutral rating on TCS shares, anticipates a buyback in the range of Rs20,000 crore.

Housing finance major HDFC has been ranked as the 5th biggest public company globally in the 'consumer financial services category' on a list compiled by Forbes magazine.

American Express has topped this category, while Indiabulls Housing Finance is the only other Indian company (at 13th place) on the list.

Continuing with its large deal winning streak, Tata Consultancy Services (TCS), India’s largest IT services company on Tuesday said that its contract with M&G Prudential, the UK and European savings and investments business of Prudential plc, has been expanded to make it a $1.2 billion deal.

The 10-year partnership, which was first announced in January this year, aimed at digitally transforming M&G Prudential’s business and delivering an enhanced service for its UK savings and retirement customers. The contract size at that time as pegged at $690 million.

Tata Consultancy Services (TCS) has given 20,000 job offers to fresh graduates and another 4,000 to non-freshers this year, a top executive said on Wednesday, even as hiring of engineers by the information technology (IT) industry is expected to decline in the coming years. Around 70 per cent of those offered jobs are expected to join the company — a trend seen in the previous years too.

London: Tata Consultancy Services, a leading global IT services, consulting and business solutions organisation, has been named number one for customer satisfaction in the UK by the Whitelane Study - one of the country's largest independent report of IT service providers.

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