India's largest software services firm Tata Consultancy Services (TCS) today said it has set up a new delivery centre in Suresnes, France that can accommodate up to 230 employees.
TCS became the first company to close trading session with a market valuation of over Rs 7 lakh cr on a day when its board approved a share buyback of up to Rs 16,000 cr.
The Sensex advanced 178.47 points, or 0.50 per cent while the Nifty climbed 50.05 points or 0.46 per cent for the week.
Fag-end buying helped the index close at 35,622.14 -- a marginal rise of 22.32 points, or 0.06 per cent.
Tata Consultancy Services (TCS) today said its board has approved share buyback of up to Rs 16,000 crore.
TCS ended with over 2 per cent gains, adding Rs 16,539 crore to its market valuation, on the company's plan to buy back shares at its board meeting later this week.
Indian shares edged higher, as TCS gained on hopes that it would buy back stock, while solid monthly industrial growth data on Tuesday boosted market sentiment.
Tata Consultancy Services (TCS) rose nearly 3 per cent today on the company's plan to buy back shares at its board meeting later this week.
TCS will consider a proposal to buy back shares at its board meeting to be held later this week. TCS said in a BSE filing late last night.
TCS said it has expanded its agreement with M&G Prudential, which will expand the deal size to more than USD 1.2 billion.
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