Nifty IT index hit a record high of 23,408, up 2% on the NSE
Nifty futures on SGX were trading higher, indicating a firm start for Indian stock markets
The buyback offer will close on January 1, 2021.
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India's largest IT services firm Tata Consultancy Services (TCS) on Wednesday said its up to Rs 16,000-crore share buyback programme will commence on December 18 and close on January 1, 2021
Women make up 28 per cent of employees, much higher than the 17 per cent average in the UK IT sector.
Kohli was the founding chief executive of sector leader TCS and pioneered the country's 'Technology Revolution' which helped India build its USD 100 billion IT industry
The TCS board on October 7 had approved a buyback of Rs 16,000 crore to buy back around 53.3 million shares at Rs 3,000 per share
Manufacturing made up 27.5 per cent of India's GDP in 2019, lowest in two decades, showing the share of the sector continues to shrink in the economy despite the government's Make-in-India push
The voting, which started on October 20 and ended on November 18, saw 99.57 per cent of the votes being cast in favour of the buyback offer
The solution uses artificial intelligence techniques
Meanwhile, Dr Reddy's Laboratories, Cipla, Infosys, HCL Technologies were up between 25 per cent and 75 per cent.
No cash will change hands and TCS will take on more than 1,500 Pramerica employees.
From govt announcing fresh stimulus aimed at creating jobs to TCS acquiring Pramerica Tech Services, Business Standard brings you the top headlines of the day
According to Axis Securities, the small and midcaps are picking up steam and they should deliver solid returns in 2021 as economic uncertainties will reduce and volatility will decline
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The two companies aim to finalise the sale of Postbank Systems AG by the end of the year, according to a statement from Deutsche Bank
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Reliance Industries Ltd's, the most valued firm, valuation tanked by Rs 39,355.06 crore to Rs 13,89,159.20 crore
IT services major Tata Consultancy Services (TCS) on Wednesday said it has partnered the University of Tokyo (UTokyo) to conduct joint academic-industry research