TCS announces one-time bonus worth Rs 2,628 cr for employees

Mumbai: To mark its tenth anniversary of IPO, IT bellwether Tata Consultancy Services announced one-time bonus of Rs 2,628 crore ($423 million) to its employees.

The company will pay staff one week salary for every year served as one-time bonus.

TCS will be announcing its fourth quarter results later today.

On Thursday, TCS’s stocks on BSE closed 1.5% lower at Rs 2,585 apiece.