Page 28 - Tcs

TCS say no recruitment fraud; issue relates to breach of Code of Conduct

TCS made these clarification to the exchanges in a filing, as media report said that senior executives involved in hiring thousands of personnel took bribes from staffing firms

Accenture's lowered guidance spells more trouble for IT sector: Analysts

Brokerages have maintained a cautious to negative stance on the Indian IT sector given Accenture's muted deal bookings, lagging demand in key verticals, and emerging pricing pressure

Bribes-for-jobs scam uncovered at TCS, miscreants may have made Rs 100 cr

The bribes-for-job scandal has led to TCS sacking four officials from its resource management group and banning three staffing firms

TCS signs $1.1 bn contract with UK's pension scheme Nest for 10 years

The contract, to help Nest transform its administration services, if extended to the entirety of its 18-year tenure would be worth 1.5 billion pounds, TCS said in a statement

Tata Consultancy Services signs £1.5 billion contract with UK's NEST

Earlier this year, UK's largest workplace pension scheme had ended its $1.8 billion deal with Atos midway

Tata Power, Amazon India's most attractive employers in 2023: Randstad

Last year, the list was topped by Microsoft, followed by Mercedes-Benz and Amazon

Generative AI may affect 1% of IT jobs in India, add $2-3 billion revenue

Expansion of the usage of AI may not necessarily mean job losses but it may play an increasingly significant role in how certain parts of these jobs are performed

TCS levy: Credit card users may have to declare forex transactions to banks

The I-T department is in talks with the RBI and other stakeholders to firm up a mechanism for distinguishing whether the expense is towards medical/education which attract a 5 per cent TCS

Expedia to stop 'pay now' option for foreign bookings on TAAP India site

The online travel booking company said that it will do so 'given the complexity of complying to the changes' to the TCS rules which will come into effect on July 1

An inflexion point

IT industry can change fundamentally

New TCS norms on credit card spends: More than a matter of exchange

Money changers are miffed at the tax exemption for credit card forex spends of up to Rs 7 lakh a year under the liberalised remittance scheme

Uncertain economy, rapid tech change bring mega-deals under fire

Recently, TCS saw its mega deal with Transamerica come to an end

This is the right time for trade between India and US: TCS' Muthuswami

With India's growth story attracting a large number of US companies, especially in the technology sector, this is the right time for the bilateral trade to grow exponentially as both nations are witnessing a better business-friendly environment, Suresh Muthuswami, the official overseeing TCS' operations in North America has said. I have not seen a better business-friendly climate from both governments and there is an increasing interest from US companies to deal with India, especially in areas of technology, Muthuswami, Chairman of North America for Tata Consultancy Services (TCS), told PTI in an interview. India's bilateral trade with the US has been on the rise since 2000, but from 2020 to 2022, it has grown from USD 120 billion to USD 191 billion. I think we're just scratching the surface. (There is) enormous interest from the US government. India is a growing economy and (there is) a lot of interest to do business with India. So, the time is right for trade between the two ...

TCS, Transamerica end $2 billion contract due to macro environment

The 10-year contract, signed in early 2018, involved TCS working with U.S.-based Transameria to enable the digitization of more than 10 million policies into a single integrated platform

Tech employees most satisfied with their jobs, least likely to switch

This may be associated with their compensation and other benefits that the technology sector offers

Cloud remains long-term investment priority for 70% corporations: TCS study

75% respondents say they invested in AI, machine learning capabilities in the past two years

Attrition of women in IT sector doubled compared to men since December

Data suggest that most women are switching to jobs closer to home or even taking on gig/freelancing jobs that offer more flexibility

As work-from-office resumes, TCS employees get less time to upgrade skills

Average learning hours fell from 121 in Financial Year 2021-22 (FY22) to 82 in FY23, according to TCS' annual report

Stocks to Watch today, June 15: Axis Bank, Infy, TCS, IOC, realty, Zee, REC

Stocks to watch on June 15, 2023: Shares of IT companies are likely to be in focus on Thursday after JP Morgan reiterated its negative stance and downgraded the sector to underweight.

Medical assistance may be exempted from new tax collection at source rates

An additional expenses on education might also be kept out from new rule; a detailed clarification expected to be issued this month