<p>The Indian IT industry experienced a turning point in the June quarter, with several companies reporting net headcount additions. (AI image) <br></p> Indian IT sector to see hiring revival: The IT services sector is poised for a significant resurgence in fresher hiring this year, with estimates suggesting a nearly twofold increase in entry-level recruitment compared…
Wipro has become the latest Indian IT company to implement a strict work-from-office policy, tying the employees’ work from home shifts to their leaves. As per a report, the Bengaluru-based tech major sent an email to its staff asking them to attend office at least three days in a week or risk losing the day’s…
TCS employees receive tax demand notices! The Income Tax Department has issued demand notices to a significant number of TCS employees, ranging from 30,000 to 40,000 individuals, due to discrepancies in their tax deducted at source (TDS) claims. The tax demand varies from Rs 50,000 to over Rs 1 lakh, depending on the employee’s seniority…
Tata Sons, the holding entity of the $410-billion Tata Group, recently sought to voluntarily surrender its certificate of registration to the Reserve Bank of India (RBI) after repaying more than Rs 20,000 crore in debt in a strategic move that allows it to remain an unlisted, closely held company.The company in its annual report said…
Tata Consultancy Services (TCS) has extended its partnership with Primark, a leading international fashion retailer across 17 countries in Europe and the US. Over the next five years, TCS will help transform Primark’s technology operations to support the retailer’s plans for global growth.TCS has been working with UK-based retailer Primark since the year 2016.India’s biggest…
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…
