“Neither Tata Sons as the proponent nor the board of TCS has provided unaffiliated shareholders – who may be primarily concerned with Mistry’s impact at the company level."
In the next two quarters, the company is putting in place the strategy so the new P&L structure can begin to operate from the next financial year.
The company would look at acquisitions to help drive the acquisition strategy and that it was likely that it would pick up the pace of buyouts next year.
Demonetisation: How TCS, which counts RBI & other banks as clients, changed back-end systems overnight
TCS, which counts RBI, SBI and a host of financial institutions as its customers, had to work on a war footing to try and smooth the inevitable bumps.
At the Credit Suisse 20th Annual Technology, Media at Telecom conference in the US, Sikka batted away charges that it had slashed prices to stay ahead
First non-banking company to introduce Blockchain technology.
Wipro EcoEnergy had revenue of about Rs 67.6 crore in FY16 and has a net worth of Rs 15.6 crore, Wipro said in a filing with the BSE.
Cognizant did not disclose the terms of the transaction. Mirabeau works with brands such as KLM, ING, Air France, Maxeda, MoneYou, LeasePlan.com, and Transavia.
In 2015, Elliott successfully pushed software firm Informatica to sell itself to PE buyers and got Citrix's CEO to resign and was given a board seat in that company.
This is the first time an Indian IT firm is facing an onslaught from an activist hedge fund and Elliott has a number of wins under its belt.
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