Page 20 - Tata Consultancy Services

TCS beats Street estimates in Q2, net rises 8.4%; attrition remains high

Net profit has crossed the Rs 10,000-crore mark for the first time

TCS says moonlighting 'ethical issue'; no action taken against any staff

The country's largest IT services exporter TCS on Monday said moonlighting is an "ethical issue" and against its core values but has not taken any action against any staff. The company, which employs over 6.16 lakh people, will take into account all the relevant dimensions while forming its final view on the issue which has been dominating headlines for the last few weeks, its Chief Human Resources Officer Milind Lakkad told reporters. "Moonlighting we believe is an ethical issue and it is against our core values and culture," Lakkad said. The company's Chief Executive Officer and Managing Director Rajesh Gopinathan said that an employee is barred from working for any other organisation as part of the service contract. Lakkad said that unlike peers like Wipro, which announced a sacking of over 300 employees recently, TCS has not taken any action against any employee. He said that TCS has a long term commitment towards its employees and the employees also have a "reciprocal ...

TCS bounces 3.5% off lows ahead of September quarter results today

Analysts expect TCS to post a sequential revenue growth of 3-4.6 per cent in constant currency terms, while its net profit may rise in the range of 6-10.7 per cent from the last quarter

TCS Q2 margin may expand sequentially; revenue seen rising up to 9% YoY

TCS Q2 preview: The company's EBIT margins are likely to improve by 40-118 basis points on a quarterly basis due to improved pricing, operating leverage, and absorption of wage hikes

Wipro asks employees to report to office at least three days a week

The firm's office will remain open for four days each week

TCS set to win $2-billion deal from BSNL for 4G and 5G roll-out

The official said Tata's recently acquired subsidiaries Tejas Network and Saankhya Labs would also participate in producing necessary equipment as per the deal

Flying on time: TCS-developed app powers AirAsia India's punctuality record

At No 3 in early 2022, the airline has topped the on-time performance for five straight months since April

Entire nation to be 5G enabled by 2023, says Dharmendra Pradhan

Pradhan also said that the brand of IITs and IIMs were sought by the developed countries to partner with their institutions

Tata Sons to halve the number of listed companies from 29 to 15: Report

Under the current chairman N Chandrasekaran, Tata Sons has been taking steps to consolidate its business to improve its efficiency

Firms should not pin down staff: MoS IT Chandrasekhar on moonlighting

He added the days when employees signed up with big tech majors and spent their lives on the job were long gone

Accenture's outsourcing guidance bodes well for big Indian IT cos: Analysts

Analysts underscored that Accenture's August quarter (Q4FY22) results reflected softening of demand for IT services, and thus remain 'cautious' on the sector

TCS becomes India's most valuable brand in 2022, says Kantar BrandZ report

TCS replaces HDFC Bank, which held the number one spot since 2014

TCS changes its hike structure, does away with anniversary hikes

The changes come at a time when the industry is seeing demand constraints from its majority market and budgets are under pressure and deals are taking time to close

Employees will get 100% variable pay for June quarter, no delay: TCS

So far, more than 90 per cent of TCS employees have received the variable payout, according to the largest software exporter in India.

India at 75: Munjals to Mahindras - 20 visionary industrialists of India

In the decades since Independence, the enterprises steered by these business leaders have morphed into giants. Here's a look at 20 visionary industrialists of India

Eight of top-10 firms add Rs 98,235 cr in m-cap; Infosys, TCS lead gainers

Eight of the 10 most valued firms together added Rs 98,234.82 crore in market valuation last week, with IT majors Infosys and TCS emerging as the biggest gainers amid a positive momentum in equities

Mcap of eight of top 10 firms jumps over Rs 1.91 trn; Bajaj Finance shines

Eight of the top 10 valued firms added Rs 1,91,622.95 crore to their market valuation last week, with Bajaj Finance and Tata Consultancy Services emerging as lead gainers

TCS to digitise HR operations for Marks & Spencer in multi-year deal

TCS, as a strategic partner for more than a decade, migrated 27 million records of M&S employees working across 1,450 locations in the UK

Q1 early-bird results show inflation effect on India Inc's profits

First sequential contraction in corporate earnings after 4 quarters of expansion

Mcap of nine of top-10 firms jumps over Rs 2.98 trn; RIL, TCS lead winners

Nine of the 10 most valued firms added Rs 2.98 trn to their market valuation last week amid a bullish trend in equities, with Reliance Industries and TCS emerging as lead gainers