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…
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…
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…
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…
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…
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…
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…
BENGALURU: Following an expansion in large deal pipelines during 2022 and 2023, there is a noticeable decline in new mega IT deals entering the market. However, with a slew of renewals coming up next year, incumbents will defend their business interests and revenue. Although these contracts are up for renewal, it does not automatically indicate…
MUMBAI: Comparisons with the sold-out Coldplay concert here, a slew of collaborations with Indian businesses, and fulsome praises of India’s capabilities in tech marked the first day of Nvidia‘s AI summit in Mumbai on Thursday. The long queues to enter the venue delayed the event by nearly an hour. But that did nothing to dim…
The digital world joined the nation in mourning the passing of Ratan Tata, the iconic industrialist and Chairman Emeritus of Tata Sons. He was 86. In a touching tribute, various websites owned by the Tata Group, including those of Tata Consultancy Services (TCS), Croma, and Tata Steel, changed their homepages into solemn memorials.These websites, typically…
