Infosys, a major player in the IT services industry, has introduced a ‘power programme’ as part of its campus placement drive, offering packages of up to Rs 9 lakh per annum to select colleges, according to two sources familiar with the development. This is a significant increase from the company’s standard entry-level fresher pay packages,…
Representative image Luxury products such as watches, handbags, and high-end televisions are set to get costlier with the government proposing to levy 1% tax collected at source (TCS) on notified goods of value priced at more than ₹10 lakh. The tax is, however, unlikely to dent demand as these products are largely bought by well-heeled…
Individuals miffed at tax collection at source (TCS) proposals have now been offered a small relief – provided they have salary income.At present, a salaried employee may declare income, such as bank interest and rent, to their employer, who factors this and, accordingly, deducts a higher tax against the monthly salary. The employee then does…
Tata Consultancy Services (TCS) recently reported a close to 70% of employees returning to office after the company linked variable pay to attendance. IT major HCLTech, however, has no plans to do the same. In an interview with Money Control, chief executive officer C Vijayakumar said that the company has “no such plans to link…
A US District Court has fined Tata Consultancy Services (TCS) a total of $194.2 million (about Rs 1,600 crore) on charges of alleged misappropriation of trade secrets. The order against TCS has been passed in a case filed by Computer Sciences Corporation (CSC), which has merged with DXC Technology Company (DXC), alleging misappropriation of its…
BENGALURU: A US court has imposed a $194 million penalty on TCS for misappropriation of US IT services firm DXC‘s ((formerly CSC) trade secrets. The court said that TCS is liable to pay CSC $56 million in compensatory damages and $112 million in exemplary damages. The court also said TCS is liable for $25 million…
The government is reportedly looking to work with IT giants like Tata Consultancy Services (TCS), HCL and Tech Mahindra to develop software for quantum technologies, under the National Quantum Mission (NQM) that was cleared to boost research in quantum technology in the country.“We are going to involve our software companies like TCS, HCL, Tech Mahindra…
The top Indian IT outsourcing companies have experienced a significant reduction in their bench strength within a short period. However, this may not necessarily be a negative development for these global services leaders. By leveraging higher utilization rates and generative artificial intelligence (GenAI), they are able to drive efficiencies throughout their talent hierarchy as the…
TCS CEO Remuneration: K Krithivasan, CEO and Managing Director of Tata Consultancy Services (TCS), earned a total remuneration of Rs 25.2 crore for the financial year 2024. This figure is slightly lower than the Rs 29.16 crore earned by former CEO Rajesh Gopinathan in the previous fiscal year.It’s important to note that K Krithivasan’s pay…
Tata Consultancy Services (TCS) is establishing large data centres across the four regions of India as part of its Rs 15,000-crore agreement with state-owned telecommunications company Bharat Sanchar Nigam Ltd (BSNL), according to COO N Ganapathy Subramaniam. TCS, in collaboration with the government’s Centre for Development of Telematics (C-DOT), will make a total of 38…
