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The latest update is out from Tata Consultancy Services Limited ( (IN:TCS) ).
Tata Consultancy Services said its CEO and managing director, K. Krithivasan, has outlined steps the company is taking in response to a recent matter involving its Nashik unit. The company emphasized that the Nashik facility remains operational and that a staff member named in media reports did not hold any HR or leadership role.
TCS has appointed Deloitte and law firm Trilegal as independent advisors to an internal investigation led by President and COO Aarthi Subramanian. An oversight committee chaired by independent director Keki Mistry will review the findings, as TCS reiterates its zero-tolerance stance on misconduct and its cooperation with law enforcement to ensure a thorough and transparent resolution.
More about Tata Consultancy Services Limited
Tata Consultancy Services Limited is a global IT services, consulting and business solutions company headquartered in Mumbai. The firm provides software development, digital transformation, and outsourcing services to clients across industries worldwide, operating large delivery centers in India and key international markets.
Average Trading Volume: 289,511
Technical Sentiment Signal: Sell
Current Market Cap: 9242B INR
For detailed information about TCS stock, go to TipRanks’ Stock Analysis page.