March 30, 2025
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Tag: tcs

Cost cutting by Elon Musk’s DOGE may ‘pain’ TCS, Infosys, Wipro and other Big Indian IT companies as well; caution analysts – The Times of India

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India’s IT companies, already struggling this year, face a potentially prolonged recovery, with analysts suggesting fiscal 2026 may not bring the anticipated upturn, according to a report in Reuters. This pessimistic outlook follows Accenture’s recent quarterly report, which highlighted persistent weakness in discretionary spending and overall demand. The Indian IT index has declined by 15.3%…

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Accenture results: TCS, HCL Tech, Infosys stocks see sharp decline – what’s the outlook for investors? – The Times of India

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The Nifty IT Index has declined approximately 15% since the beginning of 2025. (AI image) Accenture’s quarterly results have raised concerns for Indian IT sector’s growth prospects, with technology stocks, including industry leaders TCS, HCL Tech, and Infosys, experiencing a significant drop of up to 3% on Friday. Accenture’s results have led to worries about…

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TCS acquires commercial real estate company with ‘Nil’ turnover for Rs 2,250 crore – The Times of India

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Tata Consultancy Services (TCS) has announced the acquisition of 100 percent equity shares of Darshita Southern India Happy Homes. India’s largest IT company made the announcement in an exchange filing on Bombay Stock Exchange. The acquisition is valued at Rs 2,250 crore, as per TCS‘ exchange filing. The acquisition is an all-cash deal. Darshita Southern…

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TCS cuts variable pay for these employees for second quarter in a row – The Times of India

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Tata Consultancy Services (TCS) has reportedly reduced the quarterly variable pay for its senior employees for the October-December quarter, even though they followed the strict work-from-office policy, reported MoneyControl. This marks the second consecutive quarter that TCS has cut variable pay for certain employees. The country’s largest software exporter previously cut variable pay of senior…

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Budget 2025: From new income tax slabs & rates to TDS, TCS & NPS Vatsalya – top 7 income tax takeaways for middle class – The Times of India

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One of the major amendments proposed in the current budget is the change in the tax rates and slabs under the Concessional Tax Regime. By Surabhi MarwahBudget 2025 income tax: The Finance Minister in her budget speech stated that taxation reforms were one of the key reforms to realise the vision of “Viksit Bharat”. The…

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TCS, Infosys & other top IT firms boost fresher hiring targets – details here – The Times of India

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The Indian IT sector, valued at $254 billion, experienced a significant reduction of over 70,000 employees in FY24. (AI image) India’s top IT services firms like TCS and Infosys have set higher fresher recruitment goals for fiscal 2026, encouraged by indicators of renewed technology investment. The six largest IT organisations in the country collectively aim…

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TCS CEO K Krithivasan: We had one of the “worst toplines”, but one of the … – Times of India

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Tata Consultancy Services (TCS) posted a 11.95% increase in net profit to Rs 12,380 crore for Q3. TCS saw a significant TCV at $10.2 billion and expects better growth in FY2026. Despite market uncertainties, TCS’s order book and strong pipeline across sectors contribute to positive outlook, highlighting strong performance in TCV and certain segments. Source…

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TCS Q3 results: Tata Consultancy Services sees 12% rise in profit; interim dividend of Rs 10 per share declared – Times of India

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The IT giant’s revenue reached Rs 63,973 crore in Q3FY25, showing a 5.6% growth from Rs 60,583 crore. (AI image) TCS Q3 results FY25: Tata Consultancy Services (TCS) announced on Thursday its consolidated net profit for the December quarter increased by 12% to Rs 12,380 crore, compared to Rs 11,058 crore in the previous year’s…

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HCLTech rolls out salary hikes: Employees getting and those ‘not getting’ increments – Times of India

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HCLTech rolls out salary hikes HCLTech has reportedly rolled out salary hikes to junior employees. According to a Money Control report, most employees at junior levels received a small raise of about 1-2% during the October-December quarter. However, this is much lower than the 7% average annual hikes and 12-15% hikes for top performers that…

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Top 10 biggest wealth creating stocks: Reliance Industries tops list; Adani Green emerges as fastest wealth creator, says MOFSL report – Times of India

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The ranking methodology by Motilal Oswal involves listing the top 100 companies in descending sequence based on absolute wealth created. (AI image) Mukesh Ambani-led Reliance Industries has emerged as the biggest wealth creator stock over 2019-24, according to a study report by Motilal Oswal Financial Services. According to the 29th Annual Wealth Creation Study of…

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