TCS

Tata Consultancy Services Ltd, India's largest computer-services provider, plans to hire 5,000 workers in Mexico in the next five years as labour costs climb in its home market because of a rising rupee. Tata Consultancy last week opened a software-development centre in Guadalajara, Northern Mexico and that facility will start with about 300 employees doing tasks currently completed in India, said Gabriel Rozman, head of company's operations in Latin America, Spain and Portugal. The rupee gained 9.2 percent against the dollar this year, eroding Tata Consultancy's earnings from the US, its biggest market, and increasing Indian costs relative to other nations. Tata Consultancy gets about half of its sales from North America. The Mexican peso was little changed this year against the dollar.