TCS To Invest Over $300 Million In Arizona; Stock Edges Lower

Tata Consultancy Services (TCS) has announced plans to expand its operations in Arizona in the United States. It will invest more than $300 million over the next five years and hire over 220 people by 2023 "to meet the digital transformation needs of its customers,"  TCS said in a regulatory filing to the stock exchanges. At 12:55 pm, TCS shares were trading at Rs 3,201.50, down 0.39 per cent, on the BSE.