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MCap Of Seven Of Top 10 Firms Declines By Rs 80,200 Crore; TCS, HDFC Bank Biggest Laggards

From the top 10 pack, Reliance Industries, Hindustan Unilever and Infosys were the gainers while Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, ITC, State Bank of India, Bharti Airtel and Bajaj Finance saw a decline...

20 August 2023

TCS

TCS Rolls Out Salary Hikes And Promotions, Effective From April: Report

TCS is pleased to note that its attrition level continues to trend downwards and expects to return to its industry-leading, long-term range in the second half of the year.

13 July 2023

TCS

TCS Appoints S Viswanathan As Head Of Hiring Amid Jobs Scandal Row

TCS has named Sivakumar Viswanathan, a veteran of nearly 30 years, as the new head of the Resource Management Group

27 June 2023

48th meeting of the GST Council

28% GST On Online Gaming To Yield Rs 20,000 Cr Annually: Revenue Secretary

"One of the members, in fact, in the GST Council pointed out that the way the online gaming companies are paying the taxes on online games at 18 per cent of GGR, which works out to only about 2-3 per cent, even lower than...

13 July 2023

TCS

TCS Writes Clarification To Board Members Over Job Scandal Allegations: Report

Last week, TCS was alerted about a multi-crore recruitment scam, compromising the hiring process at the Tata Group company

28 June 2023

TCS

Bribe For Job Scandal: TCS Denies Any Fraud In Recruitment Process, Says No Key Persons Are Involved

The company admitted there indeed has been a complaint regarding a scam in the recruitment process of contract resources

24 June 2023

Tata Group Companies: S&P Global Ratings Upgrades Ratings Of Its 5 Firms

Generative AI Deals Expected In Next Two Quarters; Will Not Be Mega Wins: TCS CEO

“Each organisation will spin out a number of deals, but there may not be a single billion dollar kind of deal in generative AI,” Krithivasan said, adding that at present, every organisation is tinkering to assess the...

13 July 2023

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Tata Consultancy Services

TCS Hit By Bribes-For-Jobs Scandal, Four Executives Fired For Corruption: Report

TCS's senior executives responsible for hiring critical personnel at the company were accepting bribes from the staffing firms for giving jobs to their candidates, for years

23 June 2023

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22 June 2023
TCS Bags 840 Mln Pounds Contract From UK's Nest

TCS Bags 840 Mln Pounds Contract From UK's Nest

The maximum estimated value of the contract can go up to GBP 1.5 billion if it is extended to the entirety of its 18-year tenure, Tata Consultancy Services...


07 June 2023
TCS Asserts End Of “Vicious Cycle” Of Hiring And Counter Hiring Amid Recession Fears: Report

TCS Asserts End Of “Vicious Cycle” Of Hiring And Counter Hiring Amid Recession Fears: Report

TCS has rolled out a hike of 5-8 per cent for its workforce as it has emphasised on the needs to upskill on the back of AI-led changes


04 May 2023
TCS May Soon Develop A ChatGPT-Like AI Tech: Report

TCS May Soon Develop A ChatGPT-Like AI Tech: Report

TCS is also reportedly working on use cases in order to build proprietary generative AI algorithms


20 April 2023
Best Companies To Work For In India: From TCS To Amazon, A Look At LinkedIn Top Companies 2023

Best Companies To Work For In India: From TCS To Amazon, A Look At LinkedIn Top Companies 2023

Through the LinkedIn Top Companies 2023 list – the platform ranks the companies based on eight parameters. Check complete list here


17 April 2023
TCS May Give 12-15% Salary Hike To Top Performers To Avoid Attrition: Report

TCS May Give 12-15% Salary Hike To Top Performers To Avoid Attrition: Report

In addition to this bulky performance appraisal of top performers, TCS is also reportedly considering a hike in the base salaries of campus recruitments


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12 April 2023
TCS Q4 Results: Profit rises 15% YoY To Rs 11,392 Crore, Dividend at Rs 24 per share

TCS Q4 Results: Profit rises 15% YoY To Rs 11,392 Crore, Dividend at Rs 24 per share

Both the top and bottom line figures were below Street estimates


28 March 2023
TCS May Be Screening Candidates For CTO, COO And Other C-Suite Rejigs: Report

TCS May Be Screening Candidates For CTO, COO And Other C-Suite Rejigs: Report

Tata Consultancy Services (TCS) is also all set to pick a new leader for its largest vertical – banking, financial services and insurance (BFSI)


16 March 2023
TCS MD And CEO Rajesh Gopinathan Resigns; K Krithivasan To Take Over The Mantle

TCS MD And CEO Rajesh Gopinathan Resigns; K Krithivasan To Take Over The Mantle

Rajesh Gopinathan has spent 22 years at the leading IT company and has been CEO and MD since 2017


26 February 2023
Generative AI like ChatGPT Will Be A Co-Worker, Will Not Replace Jobs: TCS

Generative AI like ChatGPT Will Be A Co-Worker, Will Not Replace Jobs: TCS

Tata Consultancy Services (TCS) feels generative artificial intelligence platforms like ChatGPT will create an "AI co-worker" and not replace jobs


26 February 2023
ChatGPT And Other Generative AI Platforms Will Be A Co-Worker, Not Replace Jobs: TCS

ChatGPT And Other Generative AI Platforms Will Be A Co-Worker, Not Replace Jobs: TCS

"It is not that jobs will get replaced, but the job definitions will change," said Milind Lakkad, the chief human resources officer at Tata Consultancy Services


19 February 2023
TCS Not Considering Layoffs, Hiring Impacted Employees From Start-Ups

TCS Not Considering Layoffs, Hiring Impacted Employees From Start-Ups

The comments have come amid IT companies, including big tech giants, the world over laying off people due to a slew of reasons


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22 January 2023
Four Of Top-10 Firms Add Rs 82,481 Crore In Market Capitalisation; HDFC Bank, Adani Total shine

Four Of Top-10 Firms Add Rs 82,481 Crore In Market Capitalisation; HDFC Bank, Adani Total shine

Last week, the 30-share BSE benchmark Sensex climbed 360.59 points or 0.59 per cent


10 January 2023
After TCS Quarterly Results Report Decline In Staff, Company To Hire Over 1.25 Lakh in FY24

After TCS Quarterly Results Report Decline In Staff, Company To Hire Over 1.25 Lakh in FY24

TCS Q3 Results: Since TCS posted a decline of 2,197 people in its employee base, it also clarified that none of these headcount reductions are influenced by...


09 January 2023
Sensex, Nifty Snap Three-Day Losing Streak; Led By Gain In IT Shares

Sensex, Nifty Snap Three-Day Losing Streak; Led By Gain In IT Shares

The Indian equity benchmarks mirrored gains in global markets after US payrolls data hinted at less aggressive rate hikes by the US Federal Reserve


01 January 2023
Mcap Of Eight Of Top-10 Firms Jumps Rs 1.35 Lakh Crore; SBI, Reliance Major Winners

Mcap Of Eight Of Top-10 Firms Jumps Rs 1.35 Lakh Crore; SBI, Reliance Major Winners

Last week, the 30-share BSE benchmark climbed 995.45 points or 1.66 per cent


09 December 2022
BSNL 4G To Be Upgraded To 5G In 5-7 Months; To Be Rolled Out Across 1.35 Lakh Towers: Ashwini Vaishnaw

BSNL 4G To Be Upgraded To 5G In 5-7 Months; To Be Rolled Out Across 1.35 Lakh Towers: Ashwini Vaishnaw

While speaking at a CII event, the minister said the government has plans to increase the telecom technology development fund from Rs 500 crore per annum to Rs...


01 December 2022
TCS Bags Contract From Rail Delivery Group To Create The UK Govt's Rail Data Marketplace

TCS Bags Contract From Rail Delivery Group To Create The UK Govt's Rail Data Marketplace

The contract between TCS and RDG (Rail Data Marketplace) is for a term of six years including an extension term opportunity.


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