Fri, Feb 2, 2024 4:35 PM
Mahindra Holidays jumps on Budget push, Q3 results and management change.
A Flip by Avya Verma
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.
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Tata 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.
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TCS 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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