Tata Consultancy Services Ltd.

Tata Consultancy Services (TCS), India’s largest software services provider, will invest Rs 2,300 crore as capital expenditure for the financial year 2011-12, and would focus on adding more clients in the retail sector, which currently contributes just 10 per cent to its total revenues. The company is actively looking at acquisitions and expects to increase its market share in Latin America, Middle East and Asia. BFSI (banking, financial services and insurance) would remain the largest revenue-earning segment for the company. After the allowances related to the Software Technology Parks of India (STPI) are removed, the company’s tax liabilities will increase by 22-23 per cent.crackcrack