Tata Consultancy Services (TCS) has acquired GE's stake in Tata Consultancy Services Saudi Arabia. Where is TCS headquartered?

Tata Consultancy Services (TCS) has acquired GE's stake in Tata Consultancy Services Saudi Arabia. Where is TCS headquartered? Correct Answer Mumbai

The correct answer is Mumbai.

  • Tata Consultancy Services (TCS) has acquired GE's stake in Tata Consultancy Services Saudi Arabia.
  • The acquisition of GE's stake in Tata Consultancy Services Saudi Arabia has been completed on May 26, 2021.
  • In September 2013, TCS had announced the creation of an all-women business process services centre in Riyadh (Saudi Arabia) in partnership with GE.
  • TCS is headquartered in Mumbai.
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In each question below is given a statement numbered I, II and III. An assumption is something supposed or taken for granted. You have to consider the following assumption and decide which of the assumption is implicit in the statement. Statement: The June 2018 quarter results of Infosys reflect that the investors waiting for the company to perform as good, if not better, than its largest peer Tata Consultancy Services (TCS) may have to wait a little longer. Infosys, the country’s second-largest software exporter reported slower sequential growth in revenue and profit than TCS for the June quarter (Q1). It also lagged on the fronts of employee attrition and growth in the banking, financial services, and insurance (BFSI) vertical.  Assumptions: I. On the positive side, Infosys continued to add large clients – four in the above $100-million billing category compared with the previous quarter. It continued to retain guidance of 6-8% revenue growth for FY19 while retaining the operating margin band of 22-24%. II. In the near term, the stock performance of TCS is likely to overshadow Infosys given the difference in their growth trajectories. III. The growth momentum of Infosys has slowed relative to TCS. The year-on-year growth in trailing 12-month (TTM) revenue of Infosys in each of the four quarters up to the June 2018 quarter has lagged TCS after leading in the previous five quarters.
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