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Tata Consultancy Services (TCS) has declared a second interim dividend of Rs 10 per share, payable on November 5, 2024, with a record date of October 18, 2024. The announcement followed the release of Q2FY25 earnings, showing a 5% YoY increase in consolidated net profit to Rs 11,909 crore, falling short of analyst estimates.
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Utpal Sheth, of TRUST Group and RARE Enterprises, praises the Tata Group's value system and principle-based decision making under Ratan Tata's leadership. He highlights the group's commitment to humility, humanity, and hunger in its leaders, and reminisces about Rakesh Jhunjhunwala's deep respect and investment in the Tata Group's ethos and policies.
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Recent falls in rates could come to "an abrupt halt" in the next few days, according to brokers
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