TCS sets aside Rs 1,100 crore to help flood-struck Chennai employees

Mumbai: Tata Consultancy ServicesBSE 0.13 % has set aside Rs 1,100 crore for interest free salary advances and is creating a Rs 50 crore direct grant fund to help employees hurt by the floods in Chennai.

In a post on the company's internal communication portal, CEO N Chandrasekaran said the cash advances would be in the range of Rs 1 lakh to a maximum equivalent of three months gross salary. ET accessed a copy of the internal announcement. 

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