Tata Consultancy Services (TCS) reported a net decline of 5,370 employees in its workforce during the fiscal third quarter, a reversal after two consecutive quarters of growth, with the company now employing 6,07,354 people, the company said on January 9 as it shared the numbers for the third quarter of FY25, despite promoting over 25,000 associates and investing in upskilling.
Open FlipTata Consultancy Services (TCS) has agreed to acquire two wholly owned subsidiaries of Tata Realty and Infrastructure Limited—TRIL Bengaluru Real Estate Five Limited and TRIL Bengaluru Real Estate Six Limited—for ₹1,625 crore. The acquisition, comprising optionally redeemable convertible debentures and 100% equity shares, will aid TCS's delivery centre expansion.
Open FlipTCS declares third interim dividend of ₹10 and special dividend of ₹66 for FY25, with a record date of January 17 and payment on February 3, 2025, bringing the total dividend to ₹20 per share so far. TCS shares will trade ex-dividend before the record date, and the company reported revenue of ₹63,973 crore, a 0.4% decline, in its Q3 results.
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