Clarification on the article published by Moneycontrol.com
TCS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
TCS has issued a clarification denying a Moneycontrol article that claimed the company lost part of its technology mandate with Royal Bank of Canada (RBC) and that 150 team members would be 'rebadged'. TCS states the article is completely false, inaccurate, and based on unverified speculative sources. The company had explicitly informed the publication that there is no truth to the claims, yet the story was published using unnamed sources. TCS affirmed it has a longstanding and cherished partnership with RBC that it has nurtured over years.
This is a rebuttal filing clarifying false media reports. The company denies any disruption to its RBC Canada contract, which should be positive for investor sentiment as it prevents misleading market assumptions.