FinanceMoneycontrol
TCS payout to Tata Sons falls most since Covid even as new-business losses swell to Rs 28,823 crore
in5points
Tata Consultancy Services (TCS) payout to Tata Sons has fallen the most since the Covid-19 pandemic.
New-business losses for Tata Sons have swelled to Rs 28,823 crore.
Dividends and buybacks from TCS have historically been a major cash source for Tata Sons.
The cash from TCS helps Tata Sons fund investments in group companies and support unprofitable businesses.
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