• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Shashi Ashiwal

Mr Ratan N Tata, Chairman,Tata Consultancy Services Ltd, and Mr Aman Mehta, Independent Director, at the company’s AGM in Mumbai on Friday. —

Our Bureau

Mumbai, June 29 Tata Consultancy Services has set its capital expenditure for fiscal 2007-08 at Rs 1,400 crore, Mr Ratan Tata, Chairman of the Tata Group, told shareholders at the annual general meeting of the company on Friday.

“We will be spending about Rs 800-850 crore in developing infrastructure while the remaining will be utilised for enhancing technology,” Mr S Ramodarai, CEO and Managing Director, TCS, told reporters.

Mr Ramodarai also said that the company would cross the milestone of 1 lakh employees before the completion of the current fiscal. TCS currently employs about 89,000 people in about 67 countries.

Reacting to shareholders’ concerns of an appreciating rupee eroding the company’s earnings, Mr Tata said that other currencies such as the euro and pound had also depreciated against the rupee in the last fiscal. “While the dollar weakened by eight per cent, the euro and pound were down by six and five per cent respectively,” Mr Tata said.

More Stories on : Software | Tata Consultancy Services Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Everonn Sys bags Gujarat order

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line