You are here

Shares of Tata Consultancy Services slump as India floods stall work

BT_20160114_VITATA14_2065401.jpg
The Mumbai- based company, which in October predicted weaker growth in the second half of the fiscal year ending March, had to struggle with the worst flooding in a century in the southern Indian city of Chennai, where it has 65,000 employees.

Mumbai

SHARES of Tata Consultancy Services Ltd headed for a 19-month low after sales fell short of estimates in a quarter marked by seasonal holidays and floods that stalled work at a key development centre in India.

The stock fell 1.8 per cent to 2,286.10 rupees as at 9.49am in

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom