Page 5 - Tcs

TCS launches chiplet-based services to boost semiconductor innovation

These services are intended to help semiconductor firms create faster and more efficient chips, while also making next-generation chip design more accessible to customers

IT stocks log biggest gain in four months on Infosys buyback, Fed hopes

IT stocks rose sharply with Infosys surging 5% on its buyback plan, lifting the Nifty IT index 2.8%, as Fed rate cut speculation and rupee weakness boosted sector sentiment

TCS & CEA of France sign agreement to collaborate in Physical AI research

TCS has partnered with French research institute CEA to co-develop Physical AI solutions combining robotics and AI to boost efficiency, resilience, and automation

Infosys eyes return to campuses after Covid pause: Signs of hiring revival?

After a slowdown, IT major Infosys to revive campus hiring even as growth stays subdued for a second consecutive year

TCS extends partnership with Tryg in 7-year deal worth Rs 5,695 crore

TCS has signed a €550 million, seven-year extension of its partnership with Scandinavian insurer Tryg to simplify IT operations, drive digital transformation and boost efficiency

TCS announces 4.5-7% salary hikes, double-digit for top performers

TCS has resumed salary hikes with 4.5-7% raises for most staff and double-digit increments for top performers after delaying its annual review amid macroeconomic challenges

TCS announces 4.5 to 7% salary hike for most employees from Sept 2025

Country's largest IT services company TCS has rolled out salary hikes in the range of 4.57 per cent for a majority of its employees, sources said on Tuesday. The Tata group company has started sending the letters of increment to the employees from late Monday evening, and the increments will be applicable from September, they said. An official response to an email query sent to the company was awaited. It can be noted that there has been a slew of headlines on the Human Resources front over the last two months, starting with an announcement to defer pay hikes amid hazy market conditions. This was followed up with a surprise announcement to axe 2 per cent of the workforce, or around 12,000 employees, and then came an announcement of pay hikes for 80 per cent of the employees. As per media reports, most of the employees eligible for the hike were in the lower to mid levels of the hierarchy. The sources said the well performers have been given pay hikes of over 10 per cent as well.

TCS forms new AI and services transformation unit, Amit Kapur to lead

TCS has created a new AI and Services Transformation Unit under Amit Kapur, consolidating its AI strategy and accelerating innovation, client engagement, and digital transformation

TCS appoints Amit Kapur to lead newly formed AI and services unit

Kapur's appointment, effective from September, comes at a time when Indian IT companies are racing to adopt and offer more AI products to their clients to attract tech spending

Cognizant to roll out pay hikes for 80% employees from November 1

The pay hikes for consistent high performers is likely to be in higher single digits in India, whereas top performers are expected to get the highest raise

TCS, Now Corporation partner to boost Philippine digital infrastructure

Tata Consultancy Services (TCS) on Monday said it has partnered with NOW Corporation's telecom arm to boost digital infrastructure and enable financial inclusivity in the Philippines. Now Telecom is a public sector telecommunications company in the Philippines offering services across mobile networks and fixed wireless. "Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions, has partnered with NOW Corporation's telecom arm Now Telecom, a public sector telecommunications company, to bolster national digital sovereignty, enable financial inclusivity, and build a clean network for the Philippines," according to a release. With this Memorandum of Understanding (MoU) in place, the release said, TCS will support the company with capabilities to expand trusted networks, provide sovereign cloud technology and a cyber-defence suite, alongside creating citizen-centric services in areas such as healthcare and digital banking, promoting financial .

Costly middle layer faces the axe amid India's IT sector layoff drill

According to data from specialist staffing firm Xpheno, more than 7,700 senior professionals with over 15 years of experience have exited India's IT services firms over the past 12 months

Best of BS Opinion: India must make rational choices on Trump tariffs

Our editorials and opinion pieces today look at the impact of Trump's tariffs and how India should calibrate its responses, as well as the social and economic impact of AI replacing IT jobs

TCS layoffs signal AI-driven transformation in $283 bn outsourcing sector

TCS and its peers Infosys, HCLTech, Tech Mahindra, Wipro, LTIMindtree, and Cognizant collectively employ over 430,000 workers with 13 to 25 years of experience

TCS to roll out salary hikes for 80% of staff starting September 1

TCS had paused salary hikes in April citing macroeconomic uncertainty but will now revise pay for staff up to grade C3A, covering 80 per cent of its workforce

India’s IT earnings slump: What’s next for investors as Q1 disappoints? | TCS | Infosys

Despite high hopes, India’s top IT firms delivered weak revenue growth and mixed profits in Q1 FY26.

Statsguru: Has TCS's job cut signal set the tone for the IT industry?

TCS employed the highest number of workers in FY25, at 636,833 employees. Infosys hired the distant second-highest number at 348,596 in FY25, followed by Wipro at 235,415

Mcap of 7 of top-10 valued firms erodes by ₹1.35 trn, TCS biggest laggard

The combined market valuation of seven of the 10 most valued firms eroded by Rs 1.35 lakh crore last week, with Tata Consultancy Services (TCS) taking the biggest hit. Last week, the BSE benchmark tanked 863.18 points or 1.05 per cent. TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Life Insurance Corporation of India (LIC) and Bajaj Finance faced a combined erosion of Rs 1,35,349.93 crore from their market valuation last week. However, Reliance Industries, HDFC Bank and Hindustan Unilever saw an increase in their mcap. Together, these three firms added Rs 39,989.72 crore in market valuation. The valuation of TCS tumbled Rs 47,487.4 crore to Rs 10,86,547.86 crore. The market capitalisation (mcap) of Bharti Airtel eroded by Rs 29,936.06 crore to Rs 10,74,903.87 crore. Bajaj Finance's valuation tanked Rs 22,806.44 crore to Rs 5,44,962.09 crore and that of Infosys dropped by Rs 18,694.23 crore to Rs 6,10,927.33 crore. The mcap of State Bank of India declined by Rs 11,

HCLTech CEO Vijayakumar earns $10.85 mn in FY25; tops TCS, Infosys heads

HCLTech CEO C Vijayakumar earned USD 10.85 million (about Rs 94.6 crore) in the financial year 2024-25, making him one of the highest-paid executives in the Indian IT sector and surpassing the earnings of chiefs at larger rivals TCS and Infosys. The company's board has also approved an over 71 per cent increase in his current remuneration to USD 18.6 million (about Rs 154 crore) for the next financial year, according to the company's annual report. Vijayakumar's FY25 compensation places him ahead of his peers at India's top two IT firms. For the same period, TCS CEO K Krithivasan's remuneration was Rs 26.52 crore, while Infosys CEO Salil Parekh earned Rs 80.62 crore. Vijayakumar's earnings also topped those of Wipro CEO Srinivas Pallia (USD 6.2 million or about Rs 53.64 crore) and Tech Mahindra CEO Mohit Joshi (Rs 53.9 crore). According to HCLTech's annual report, Vijayakumar's total remuneration in the fiscal year ended March 31, 2025, comprised a base salary of USD 1.96 million a

IT major TCS affirms 600 job offers intact, but skips labour meet

TCS skips meeting with the labour ministry, saying deferment of onboarding is 'nothing new,' and it remains committed to fulfilling its job offers to over 600 professionals