TCS Positive On Retail Business Turnaround, Cautious On Financial Services

Mumbai/Bengaluru: India's top IT services firm Tata Consultancy Services Ltd (TCS) said it expected an uptick in the retail business segment in the coming quarters but remained cautious about the banking and financial services segments that form the bulk of its revenues. Mumbai-headquartered TCS on Thursday posted a 2 percent decline in second-quarter profit on Thursday, held back by sluggish growth in the banking and retail sector....