Page 6 - Tcs

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

TCS layoffs: How to keep your health insurance without losing benefits

IRDAI mandates that insurers must offer migration from a group indemnity health policy (excluding travel & personal accident) to an individual policy.

Bulk of TCS layoffs may take effect this qtr, affecting over 12K employees

Severance packages range from 3 to 5 months' salary, depending on seniority

TCS market value drops by ₹28,149 crore after layoff plan announcement

Tata Consultancy Services (TCS) has lost Rs 28,148.72 crore from its market valuation in two days after the company announced that it will lay off about 12,000 employees of its global workforce this year. On Tuesday, the bellwether stock declined 0.73 per cent to settle at Rs 3,056.55 apiece at the BSE. During the day, it dropped 1.23 per cent to Rs 3,041. On the NSE, it dipped 0.72 per cent to Rs 3,057. Shares of TCS had declined nearly 2 per cent on Monday. The stock has lost 2.48 per cent in two trading days. The market capitalisation (mcap) of TCS eroded by Rs 28,148.72 crore to Rs 11,05,886.54 crore in two days. India's largest IT services firm TCS is set to lay off about 2 per cent, or 12,261 employees, of its global workforce this year, with the majority of those impacted belonging to middle and senior grades. As of June 30, 2025, the TCS workforce stood at 6,13,069. It increased its workforce by 5,000 in the recently concluded June quarter. The move is part of the compa

TCS reshapes delivery model as GenAI, ChatGPT redefine Indian IT growth

TCS cuts over 12,000 jobs as Indian IT pivots to GenAI, automation and leaner delivery teams. Hiring slows across top firms as margins, skills, and productivity take precedence

TCS' decision to lay off nearly 12,000 employees may lift margins

Firm's operating margin has remained below target for five consecutive quarters

Tech sector at inflection point, workforce rationalisation likely: Nasscom

With country's largest IT services firm TCS laying off over 12,000 employees, industry body Nasscom on Monday said some "transitions" and "workforce rationalisation" are expected in near term as organisations shift toward product-aligned delivery models in response to increasing client demands for agility, innovation, and speed. Tata Consultancy Services (TCS) has said it will lay off more than 12,000 employees, or 2 per cent of its global workforce, this year, as part of a broader strategy to become a "future-ready organisation". The impact will be felt most in the middle and senior grades. Without directly mentioning TCS, Nasscom, in a statement titled "workforce realignment and industry transformation", highlighted that the tech industry is currently at an inflection point, with AI and automation becoming central to business operations. "Over the next several months, we anticipate some transitions as organisations pivot toward product-aligned delivery models, driven by rising ...

Gloomy Monday morning at TCS as its mass layoffs jolt employees

This is the first time TCS has officially announced large-scale layoffs

Signs of the future: India must prepare to deal with AI adoption

The fast-changing technology landscape, with the growth and adoption of AI, is making not only tech firms but businesses across the spectrum adapt

LIC portfolio sees Rs 46,000 crore dent in July; RIL biggest value drag

Meanwhile, four IT companies combined - TCS, Infosys, HCL Technologies and Tech Mahindra - have made a dent of ₹15,321 crore in LIC's portfolio thus far in July

Pahalgam mastermind killed, TCS job cuts, SC on Bihar SIR, Thailand-Cambodia truce

At least 3 terrorists were killed today by special forces of Indian Army on the outskirts of Srinagar, in Operation Mahadev. According to reports, the mastermind behind the Pahalgam