The company posted a consolidated net profit of Rs 2,667.3 crore in the second quarter compared with Rs 2,649 crore in the corresponding period of the previous year. Analysts had forecast a net profit of around Rs 2,900 crore
The allegation came to light within weeks of K Krithivasan taking charge as the company’s chief executive and was the first major challenge faced by him
The company reported that its investigation identified 19 employees involved in the matter, out of which 16 employees were fired and three employees were removed from their roles within the Resource Management function, , Tata Consultancy Services (TCS), jobs
While the buyback size represents 1.12 per cent of the total paid-up equity share capital, it will be done for Rs 4,150 per share. Markets were expecting the buyback size of Rs 18,000-22,000 crore and a price of Rs 4,300-4500 per share
Top stocks to watch: Infosys, HCL Technologies, Tata Metaliks, Tata Consultancy Services (TCS), Angel One, HDFC Asset Management Company, JTL Industries, International Travel House, Suzlon Energy, RVNL, Maruti, Patanjali Foods and some other counters will be in focus today.