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Tata Consultancy Services Limited ( TCS) is an Indian multinational information technology (IT) services and consulting company headquartered in Mumbai. [7] [8] It is a part of the Tata Group and operates in 150 locations across 46 countries. [9] In March 2024, it was reported that TCS had more than 601,546 employees worldwide.
Share repurchase, also known as share buyback or stock buyback, is the reacquisition by a company of its own shares. [1] It represents an alternate and more flexible way (relative to dividends) of returning money to shareholders. [2] When used in coordination with increased corporate leverage, buybacks can increase share prices.
Rajesh Gopinathan (born 1971) is the former CEO and Managing Director of Tata Consultancy Services (TCS), an Indian IT services and consulting organization and one of the country's largest employers. [1] He was elevated to the role of Chief Executive in February 2017 after serving as the Chief Financial Officer since 2013. [2]
A stock buyback is one of the major ways a company can use its cash, including investing in the operations, paying off debt, buying another company and paying out the money as a dividend to investors.
The S&P 500 is up over 2% in 2024 and stands near record highs, after rising 24% last year. ... homebuilder Lennar increased its share buyback plan by up to $5 billion, while defense contractor ...
TCS BaNCS is a core banking software suite developed by Tata Consultancy Services for use by retail banks. [2] It includes functions for universal banking, core banking, payments, wealth management, forex and money markets, compliance, insurance, securities processing, custody, financial inclusion, Islamic banking and treasury operations.
Natarajan Chandrasekaran (born 2 June 1963) is an Indian businessman, and the chairman of Tata Sons. [1] [2] He was chief operating officer (COO) and executive director of Tata Consultancy Services (TCS), where in 2009, he became chief executive officer (CEO). [3] [4] He was also the chairman of Tata Motors and Tata Global Beverages (TGB).
All shareholders of record as of June 10 will receive the dividend the same month. Co-founder Sergey Brin, who owns more than 730 million Class B and C shares, will receive a $146 million payout.