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In the 2011–12 fiscal year, TCS achieved annual revenues exceeding US$10 billion for the first time. [33] In May 2013, TCS was awarded a six-year contract valued at over ₹ 11 billion (US$130 million) to provide services to the Indian Department of Posts. [34]
In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity.
TCS BaNCS is a core banking software suite developed by Tata Consultancy Services for use by retail banks. [ 2 ] It includes functions for universal banking , core banking , payments, wealth management, forex and money markets, compliance, insurance, securities processing, custody, financial inclusion, Islamic banking and treasury operations.
Since the balance sheet is founded on the principles of the accounting equation, this equation can also be said to be responsible for estimating the net worth of an entire company. The fundamental components of the accounting equation include the calculation of both company holdings and company debts; thus, it allows owners to gauge the total ...
Faqir Chand Kohli (19 March 1924 – 26 November 2020) was a co-founder and the first CEO of TCS Tata Consultancy Services, India's largest software services company.He was also associated with other companies within Tata Group, including Tata Power Company and Tata Elxsi, and had been President of Indian Information Technology (IT) services advocacy body NASSCOM.
A balance sheet recession is a particular type of recession driven by the high levels of private sector debt (i.e., the credit cycle) rather than fluctuations in the business cycle. It is characterized by a change in private sector behavior towards saving (i.e., paying down debt) rather than spending, which slows the economy through a reduction ...
TCS (logistics company), a Pakistani logistics company The Container Store , an American retail chain company which trades on the NYSE as TCS Touring Club Suisse , a Swiss automobilists' organization
Tranzum Courier Service, commonly known as TCS, is a Pakistani courier and logistics company which is based in Karachi. It was founded as a joint venture with DHL by a former Pakistan International Airlines (PIA) flight engineer, Khalid Nawaz Awan and his brother Sadiq Awan in 1983.