Page 6 - Tcs

IT employees' union says TCS bench policy 'coercive' and 'punishing'

35-day bench rule pressures employees and promotes a culture of fear, says NITES

Tablighi Jamaat case, TCS bench policy, Perplexity AI, Trump's funding cut bill. #newsin1min

The Delhi High Court today quashed charges against 70 people accused of providing shelter to attendees of Tablighi Jamaat in their homes or mosques during the Covid-19 outbreak in 2020.

TCS maintains 100% variable pay for 70% of staff in Q1 despite slowdown

India's largest IT firm pays full QVA to majority of its staff for the second straight quarter, even as revenue growth hits a multi-year low and annual hikes remain deferred

Dividend stocks: TCS, 6 others to trade ex-date on July 16; do you own any?

Here is the complete list of stocks that will trade ex-date tomorrow, July 16, along with their key details

Getting people back to office was among toughest challenges: TCS' Lakkad

Lakkad and Kunnumul talk about talent, technology, transition, and what lies ahead for TCS's 600,000+ workforce

After Singur, a new chapter unfolds in Tata Group-West Bengal saga

A meeting between Chief Minister Mamata Banerjee and Tata Group Chairman N Chandrasekaran has rekindled hopes of fresh investments by the group in the state that goes to polls next year

Wage hikes a priority for TCS; focus on growth and profitability: CFO

Delivering wage hikes for its over 6 lakh employees is a "priority" for TCS, the country's largest IT services company's Chief Financial Officer (CFO) Samir Seksaria has said. Speaking to PTI, after the release of the June quarter results, where the business witnessed headwinds on growth and margins, Seksaria made it clear that TCS will focus on growth with profitability. The company showed a 6 per cent increase in net on non-core income as demand got impacted due to macroeconomic and geopolitical troubles, and deferred its annual wage hikes that typically set in from April. Stating that TCS has rarely resorted to deferring wage hikes unlike peers, Seksaria said, "My priority is getting back to the wage hike." He, however, did not specify when the hikes will be delivered. Typically, the annual wage hikes crimp the operating profit margin by over 1.50 per cent, Seksaria said. It reported a 0.20 per cent narrowing in the number at 24.5 per cent for the June quarter, but Seksaria ...

Mcap of 8 top valued cos erodes by ₹2.07 trn; TCS, Airtel biggest laggards

The combined market valuation of eight of the top 10 valued firms eroded by Rs 2.07 lakh crore (Rs 2,07,501.58 crore) last week, with Tata Consultancy Services and Bharti Airtel emerging as the worst hit. Last week, the benchmark BSE Sensex dropped 932.42 points or 1.11 per cent. From the top 10 pack, only Bajaj Finance and Hindustan Unilever closed the week with gains in their valuation. Among major losers, the market valuation of Tata Consultancy Services (TCS) tumbled Rs 56,279.35 crore to Rs 11,81,450.30 crore. Shares of TCS dropped nearly 3.50 per cent on Friday after its June quarter earnings failed to enthuse investors. Bharti Airtel's valuation eroded by Rs 54,483.62 crore to Rs 10,95,887.62 crore. The market valuation of Reliance Industries dropped by Rs 44,048.2 crore to Rs 20,22,901.67 crore and that of Infosys by Rs 18,818.86 crore to Rs 6,62,564.94 crore. The market capitalisation (mcap) of ICICI Bank tanked Rs 14,556.84 crore to Rs 10,14,913.73 crore. The valuation

Dividend bonanza! TCS, Bharti Airtel, 67 others to go ex-date next week

Here is the complete list of stocks that will trade ex-dividend next week, along with details of their dividend announcements

TCS Q1 FY26 net profit rises 6%; misses estimate on revenue growth

TCS reports a 6% YoY rise in net profit for Q1 FY26, but misses revenue growth expectations. The company's revenue grew by just 1.3%, falling short of analysts' forecasts

TCS Q1 result: Net profit rises 6% to ₹12,740 cr; interim dividend declared

The directors of the company declared an interim dividend of ₹11 per equity share

TCS, Tata Elxsi, Ireda kick off Q1 result season: See full list here

Q1 FY26 company results, July 10: 17 companies prepare to release their first quarter results for financial year 2025-26 today

US-India trade talks, TCS earnings likely to drive markets this week

Equity investors are up for an eventful trading week ahead as the 90-day suspension period of the reciprocal tariffs announced by US President Donald Trump ends on July 9, analysts said, adding that a positive outcome from the trade negotiations could further lift market sentiment, particularly benefiting trade-sensitive sectors. Besides, Q1 earnings from IT major TCS and foreign fund movement would also dictate sentiment at the Dalal Street, experts said. July 9 marks the end of the 90-day suspension period of the Trump tariffs imposed on dozens of countries, including India. An additional import duty of 26 per cent was announced on Indian goods entering the US. "This week holds significant importance not only for Indian markets but for global equities as well. The most anticipated event is the outcome of the US trade (tariff) deadline on July 9, which could shape global trade dynamics. Investors will also closely monitor the release of the US FOMC (Federal Open Market Committee) .

TCS announces leadership rejig with a focus on AI-first transformation

The company also said that Krishnakanth Narayanrao, who heads Ultimatix, will report to Sanathanam

Growth to remain muted for IT services firms in Q1 amid macro uncertainty

Expected to deliver low single-digit growth because of geopolitical headwinds

TCS expands SDV capabilities with new centres in Germany and Romania

TCS launches automotive delivery centres in Munich and Villingen-Schwenningen and an engineering hub in Romania to support global shift to software-defined vehicles

Stocks to Watch today, June 20: HDFC Bk, Nestle, Concor, Sai Life Sciences

Stocks to Watch today, June 20: HDFC Bank, Nestle, HCLTech, TCS, Maruti Suzuki, Wipro among top stocks to remain on radar

CLSA, Morgan Stanley urge near-term caution on IT stocks

Thus far in CY25, the Nifty IT index has been an underperformer, slipping nearly 11 per cent as compared to 5 per cent rise in the Nifty 50 index

IT union AIITEU slams TCS' 225-day billability and 35-day bench policy

The union calls TCS' new billability mandate and bench limit an anti-worker move that shifts responsibility from management to employees amid rising utilisation rates

TCS says co not under probe in M&S breach; Chandra skips AGM for first time

At TCS's 30th AGM, the firm clarified it is not under probe in the M&S cyber breach, while shareholders raised concerns over AI, job security and tech strategy