First 3 months of the fiscal have witnessed flat growth for TCS
Tata Consultancy Services (TCS) said it will invest Rs 1,300 crore for its capital expenditure in the current financial year. "We will invest Rs 1,3000 crore for capital expenditure in this financial year," TCS Chairman Ratan N Tata said at the company's AGM here. The first three months of the fiscal have witnessed flat growth for the IT major. In the immediate future, the growth depends on the improvement of the economies, Tata said.
Commenting on the American administration's opposition to outsourcing, he said it would affect the Indian IT industry, for which the
Tata said the company would look at off-shoring more work to
Source: The Economic Times
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