TCS sacks six employees, bans six staffing firms in bribe-for-jobs case: Report
Tcs company’s annual general
TCS AGM | Over 91% of cash generated returned to shareholders
TCS sacks six employees, bans six staffing firms in bribe-for-jobs case: Report
Information technology (IT) giant Tata Consultancy Services (TCS) has sacked six employees and banned six staffing firms in wake of the recruitment scam which shook the tech industry.
Tata Sons chairperson N Chandrasekaran at the company’s annual general meeting said the company is probing role of three employees in connection with the case pertaining to receiving favours from staffing firms in the appointment of contractual workers, PTI reported.
“We found six employees who did not follow the ethical conduct…we have banned all those six employees and also the six companies”, he said, while not disclosing further about the employees being investigated.
Tcs company’s annual general
Tata Sons chairperson N Chandrasekaran at the company’s annual general meeting said the company is probing role of three employees in connection with the case pertaining to receiving favours from staffing firms in the appointment of contractual workers, PTI reported.
“We found six employees who did not follow the ethical conduct…we have banned all those six employees and also the six companies”, he said, while not disclosing further about the employees being investigated.
TCS AGM | Over 91% of cash generated returned to shareholders
In the last five years, TCS has paid out Rs 1.75 lakh crore in regular dividends, special dividends, and buybacks, including taxes. This amounts to an average payout ratio of 98.2 percent, the new
TCS chief said.
With the three interim dividends, the special dividend, and the final dividend, the company’s total dividend for the full year was Rs 115 per share, which translates into a total payout of Rs 42,079 crore, representing 108.2 percent of the free cash flow during the year, Krithivasan noted in an address to the company’s shareholders.
