Tcs

Indian tech giants struggle to shake off $115 bn rout amid weak demand

The selloff in stocks has deepened since Tata Consultancy Services kicked off earnings on April 9, with nearly $115 billion now wiped off the value of the IT gauge over four months

Indian IT faces AI reset: Top-5 firms post mixed FY26 amid macro headwinds

India's top five IT majors -- TCS, Infosys, HCLTech, Wipro, and Tech Mahindra -- closed FY26 at a critical inflection point, navigating a structural reset driven by macroeconomic headwinds, West Asian geopolitical risks, and the dual-edged sword of Artificial Intelligence (AI). Earnings analyses reveal a sector transitioning rapidly away from traditional effort-based delivery. AI-driven productivity is causing revenue deflation in legacy services. However, this near-term compression is being offset by a multi-billion-dollar surge in new AI-native engagements, prompting a decisive shift in client priorities from sheer scale to modular, outcome-driven contracts. This paradigm shift is starkly reflected in mixed FY27 outlooks and evolving talent metrics. While TCS and Infosys signalled that the worst macro headwinds are receding, peers like HCLTech and Wipro flagged continued volatility and soft discretionary spending. "AI may cause about 2-3 per cent annual deflation in traditional IT

Mcap of 7 most valued firms erodes by ₹2 trn, TCS biggest laggard

The combined market valuation of seven of the top-10 most-valued firms eroded by Rs 2 lakh crore last week, with Tata Consultancy Services and Reliance Industries emerging as the biggest laggards, in-tandem with a bearish trend in equities. Last week, the BSE benchmark Sensex tanked 1,829.33 points, or 2.33 per cent, and the NSE Nifty dropped 455.6 points, or 1.87 per cent. "Markets ended lower after two consecutive weeks of gains, weighed down by heightened geopolitical tensions and weak earnings commentary from IT majors," Ajit Mishra -- SVP, Research, Religare Broking Ltd, said. Global developments continued to dominate market direction, with ongoing uncertainty around the West Asia crisis and concerns over supply disruptions keeping crude oil prices elevated, he added. The combined market valuation of seven of the top-10 most valued firms dropped by Rs 2,05,343.06 crore. The market valuation of Tata Consultancy Services (TCS) tumbled Rs 66,699.44 crore to Rs 8,67,364.12 ...

AI, Iran, and capital flows: Warning signs for India's middle class

Job losses, reduced asset values, increased inflation can have many long term impacts on the morale and the social fabric that will be hard to predict

Top 5 IT cos' net hiring down for FY26; uncertainties to continue

Top IT firms see net hiring decline in FY26 as AI-led shifts, weak demand, and global uncertainties slow recruitment and dampen fresher hiring outlook

India Inc's brush with POSH: A telling story of gaps in enforcement

Business Standard analyses data to show how businesses have fallen short in enforcing the legal guidelines effectively over the years

The conduct conundrum in corporate India despite robust POSH frameworks

Recent controversies show companies struggle to embed acceptable conduct into culture

CSR spend by NSE-listed firms jumps 23% to ₹22,212 crore in FY25: Report

Higher corporate profits lifted CSR spending, with more firms meeting or exceeding mandated outlays even as some funds remained unspent and were moved to designated accounts

4-member panel with retired judge, ex-IPS officer to probe Nashik TCS case

On Friday, the Maharashtra ATS took custody of two accused, Safi Shaikh and Raza Memon, in the alleged forced conversion case linked to Nashik Tata Consultancy Services

No complaints received regarding alleged issue on POSH channels: TCS

Company initiates independent probe with Deloitte and Trilegal; sets up board-level oversight as it reviews allegations at Nashik unit

BJP minister Nitesh Rane claims 'corporate jihad' in Maharashtra

Maharashtra minister and BJP leader Nitesh Rane on Thursday claimed the emergence of "corporate jihad" in the state, and said giving preference to hiring only Hindu candidates was the "need of the hour" to prevent "jihadist activities". His remarks were in reference to the alleged attempts to religious conversion and sexual harassment that have surfaced in a BPO unit of the Tata Consultancy Services (TCS) in Nashik. Police have arrested eight employees of Tata Consultancy Services (TCS), including seven men and a female operations manager. Another female employee is absconding. The National Commission for Women on Wednesday said it has set up a fact-finding committee to probe the alleged incidents of sexual harassment of employees. Referring to the TCS case in Nashik, Rane alleged that jobs were being misused as a tool for religious conversion. "If every platform, from trade to corporate offices, is used to target Hindus through various forms of jihad, it is time for a firm respons

SC plea seeks to declare forced religious conversion as 'terrorist act'

A plea was filed in the Supreme Court on Thursday in the aftermath of allegations of religious conversion and sexual harassment at a multinational company (MNC) in Nashik seeking directions to control deceitful religious conversion. It was filed in the backdrop of charges of sexual harassment and allegations of forced religious conversion levelled by eight female employees at TCS' office in Nashik. The petition filed by advocate Ashwini Kumar Upadhyay contended that deceitful religious conversion is not only a serious threat to sovereignty, secularism, democracy and liberty but also a menace to fraternity, dignity, unity and national integration. The plea, filed through advocate Ashwani Dubey, has sought directions to the Centre and the state governments to take stringent steps to control religious conversion. "The organised religious conversion in Nasik has shaken the conscience of citizens throughout the country. Therefore, petitioner is filing this application for direction seek

TCS offers work from home option to employees at its Nashik centre

TCS allows work-from-home at its Nashik centre after harassment allegations trigger arrests and a police probe into workplace safety concerns

TCS slows dividend tap to fund AI push, cuts payouts for second year

The company cut dividend payout and increases retained earnings as it seeks to make new investments in AI space and data centres

No experience? No problem: TCS program lets students learn AI and get paid

TCS and University of Cincinnati have launched 'My First AI Job' Program to Prepare Students for Entry-Level AI Careers

TCS, HCLTech, Wipro, Infosys, Mphasis: Why did Nifty IT rise 3% today?

Individually, Oracle Financial Services Software rallied 4.4 per cent, followed by TCS, Wipro, Persistent Systems, Infosys, Mphasis and LTIMindtree up over 2 per cent

Nasscom calls TCS incident isolated, reiterates IT sector safety norms

Nasscom says the TCS harassment case is isolated and not reflective of the IT industry, reiterating strict safety norms, governance frameworks, and zero tolerance for misconduct

Nites approaches labour ministry, seeks Posh compliance audit in TCS

IT sector employees' body NITES on Monday approached the Ministry of Labour and Employment seeking a detailed audit of POSH compliance in Tata Consultancy Services (TCS) and batted for a wider state-level audit across tech and ITES companies, especially large multinational organisations in Maharashtra. The letter to labour ministry comes in the backdrop of charges of sexual harassment and allegations on forced religious conversion by eight female employees at TCS' office in Nashik -- an incident that has drawn sharp scrutiny and raised serious concerns. NITES urged the ministry to take "immediate and decisive action" by directing a comprehensive and time-bound audit and inspection. India's largest IT services company had, on Sunday, said the firm has adopted a zero-tolerance policy towards harassment and coercion of any form for a long time, confirming the suspension of employees allegedly involved in sexual harassment at its Nashik office. Nascent Information Technology Employees

Zero tolerance on coercion, misconduct: Tata Sons chairman Chandrasekaran

Tata Sons chairman N Chandrasekaran reaffirmed a zero-tolerance policy on misconduct after sexual harassment allegations at TCS Nashik, with action initiated

Headwinds may be past us, FY27 to be better: TCS CEO K Krithivasan

Krithivasan discusses growth prospects for FY27, the perceived threat from artificial intelligence tools, and hiring trends