TCS announces Rs 16,000-crore buyback plan, to roll out salary hikes for employees

MUMBAI: India’s largest software services firm Tata Consultancy Services on Wednesday reported 4.9 per cent rise in consolidated net profit to Rs 8,433 crore for the September 2020 quarter, and announced up to Rs 16,000 buyback plan.

The net profit excluded Rs 1,218 crore-provision towards legal claim.