Tata Consultancy Services (TCS): News
H-1B demand by Indian firms down 56% in 8 years
Indian IT services companies have cut their reliance on the H-1B visa program by a whopping 56% in the last eight years.
Trump's HIRE Act threatens India's $250B IT sector: Here's why
US President Donald Trump's administration has introduced a new bill, the Halting International Relocation of Employment (HIRE) Act, which could have major implications for India's $250 billion IT services industry.
TCS has hiked salaries for most employees by 4.5-7%
Tata Consultancy Services (TCS), India's largest IT services company, has announced a salary hike between 4.5-7% for most of its employees.
Bengaluru man dies after snake bites him while wearing Crocs
A 41-year-old software engineer, Manju Prakash, died after a snake bit him in his home in Ranganatha Layout, Bannerghatta, Bengaluru.
Market cap of India's top 8 firms down ₹2.24L crore
The combined market capitalization of eight out of the top 10 most valued companies in India has witnessed a massive erosion of ₹2,24,630.45 crore last week.
TCS to pay ₹9.3cr monthly for new Bengaluru office space
Tata Consultancy Services (TCS) has signed a major lease for 1.4 million square feet of office space at 360 Business Park in Bengaluru's Electronic City.
JPMorgan upgrades TCS to 'overweight,' raises target price by 4%
Tata Consultancy Services (TCS) has received an upgrade from brokerage firm JPMorgan.
Top 8 Indian firms add ₹1.72L crore in market value
The combined market capitalization of eight out of the top 10 most valued companies in India surged by ₹1.72 lakh crore last week.
TCS partners with Finland's Kesko to drive AI-powered digital transformation
Tata Consultancy Services (TCS) has been selected by Finnish retail giant Kesko to drive digital transformation across the Nordics and Baltics.
Market cap of India's top 5 firms up by ₹60,676cr
The market capitalization of five out of the top 10 most valued companies in India rose by a whopping ₹60,675.94 crore last week.
Market cap of India's top 6 firms down ₹1.36L crore
The market capitalization of six out of India's top 10 most-valued companies witnessed a massive erosion of ₹1.36 lakh crore last week.
TCS to hike salaries of 80% employees amid mass layoffs
Tata Consultancy Services (TCS), India's leading IT services company, has announced a wage hike for nearly 80% of its workforce.
7 most-valued Indian firms lose ₹1.35L crore, TCS hit hardest
The market capitalization of seven out of the top 10 most valued companies in India has taken a major hit, losing a whopping ₹1.35 lakh crore last week.
HCLTech CEO earns $11M in FY25, tops TCS, Infosys peers
HCLTech's Chief Executive Officer (CEO) C Vijayakumar has earned a whopping $10.85 million (approximately ₹94.6 crore) for the fiscal year 2024-25.
FAAMNG firms ramp up hiring in India amid global layoffs
Despite the global trend of layoffs, tech giants under the FAAMNG umbrella—Facebook (now Meta), Amazon, Apple, Microsoft, Netflix, and Google—are expanding their workforce in India.
Karnataka minister orders probe into labor laws after TCS layoffs
Karnataka's Labor Minister, Santosh Lad, has announced an investigation into the leniency of labor laws for sunrise companies in light of Tata Consultancy Services (TCS)'s recent announcement to lay off over 12,000 employees.
Cognizant planning salary hikes for most employees in H2 2025
Cognizant, a leading IT services firm, intends to implement salary hikes for the majority of its employees during the second half of the current year.
Infosys to hire 20,000 graduates while TCS trims 2% workforce
Infosys is set to ramp up its hiring this fiscal year, CEO Salil Parekh told Moneycontrol.
Modi government summons TCS over 12,000 job cuts
Tata Consultancy Services (TCS) is facing scrutiny from the Indian government over its recent decision to lay off around 12,000 employees.
TCS layoffs: NASSCOM warns of workforce restructuring in IT sector
The National Association of Software and Service Companies (NASSCOM) has warned of potential workforce rationalization in the IT sector.
TCS CEO clarifies layoffs due to skill mismatch, not AI
Tata Consultancy Services (TCS) has announced plans to lay off some 2% of its global workforce, or around 12,000 employees.
TCS layoffs: Stocks are down 2% today
Stocks of Tata Consultancy Services (TCS) fell nearly 2% today after the firm announced plans to lay off around 12,000 employees this fiscal year.
80,000+ tech layoffs in 2025—How much is AI to blame?
Several global technology companies, including Tata Consultancy Services (TCS), Microsoft, Intel, Meta, and Panasonic, are laying off thousands of employees this year.
TCS to lay off 12,000+ employees
Tata Consultancy Services (TCS), India's largest software services company, has announced plans to cut 2% of its workforce.
Market cap of India's top 6 companies down ₹2.22L crore
The market capitalization of six out of India's top 10 companies fell by a whopping ₹2.22 lakh crore last week.
Bharti Airtel is now India's 3rd most valuable listed firm
Bharti Airtel has overtaken Tata Consultancy Services (TCS) to become India's third most valuable listed company by market capitalization.
Market cap of India's top 6 companies down by ₹94,430cr
The combined market capitalization of six out of the top 10 most valuable companies in India fell by ₹94,433.12 crore last week.
Indian IT stocks down by 2% today: What's the reason?
Shares of major Indian IT companies fell today, following Tata Consultancy Services' (TCS) disappointing revenue report and cautious outlook.
TCS sees dip in $100M clients—but order book hits $9.4B
Tata Consultancy Services (TCS) has witnessed a drop in its number of clients contributing over $100 million to its revenue. The count fell to 62 in Q1 FY26, the lowest in five quarters.
Market cap of India's top 8 firms down ₹2L crore
The combined market capitalization of eight out of the top 10 most valued companies in India fell by ₹2.07 lakh crore last week.
Sensex declines 650 points: Here's why market is down today
The Indian stock market witnessed a major downturn on Friday, with the BSE Sensex plunging over 650 points.
TCS's Q1 profit jumps 6% to ₹12,760cr
Tata Consultancy Services (TCS), India's largest IT services company, has reported a 6% year-on-year (YoY) rise in its net profit for the first quarter of FY26.
Market cap of India's top 6 firms down ₹70,326cr
The combined market capitalization of six out of the top 10 most valued companies in India has witnessed a massive erosion of ₹70,325.5 crore last week.
Indian IT firms shifting to AI—focusing on integration, not invention
India's leading IT companies are transforming into artificial intelligence (AI)-native firms, prioritizing high-margin applications and integration over capital-intensive foundational research.
Market cap of India's top 9 firms up ₹2.34L crore
Nine of India's top 10 companies added a whopping ₹2.34 lakh crore to their market capitalization last week.
Why Reliance isn't interested in making its own AI chips
Mukesh Ambani, the Chairman of Reliance Industries Limited (RIL), has clarified his company's approach to artificial intelligence (AI) in a recent interview with McKinsey & Company.
After TCS, Cognizant gets 21 acres in Andhra for 99p
The Andhra Pradesh government has given 21.31 acres of land to IT giant Cognizant at a nominal price of 99 paise.
TCS introduces new associate deployment policy: How it affects employees?
Tata Consultancy Services (TCS), India's largest IT services provider, has introduced a new associate deployment policy.
Market cap of India's top 8 companies down ₹1.65L crore
The combined market capitalization of eight out of the top 10 most valued companies in India has fallen by a whopping ₹1.65 lakh crore last week.
Market cap of India's top 10 companies jumps ₹1L crore
The market capitalization of nine out of the top 10 most valuable companies in India increased by a whopping ₹1,00,850.96 crore last week.
M-cap of 4 top-valued firms jumps ₹1L crore, LIC leads
The combined market capitalization of the four top-10 companies increased by ₹1.01 lakh crore this week.
AI agents will now work alongside humans at TCS
Tata Consultancy Services (TCS) is set to transform its workforce by introducing a large number of artificial intelligence (AI) agents.
India's top 6 firms lose ₹78,000cr in market cap
The cumulative market valuation of six of the top 10 firms in India took a massive hit last week. The total loss stood at ₹78,166.08 crore.
Top 8 Indian firms lose ₹1.6L crore in market value
The total market capitalization of eight of India's top 10 most valuable companies witnessed a massive decline last week, losing a whopping ₹1.60 lakh crore.
Worrying: Indian IT sector reports 1st revenue decline since 2020
Indian technology firms had a tough March quarter, with many of the top ones involved in IT services reporting a fall in revenue.
TCS cuts variable pay for senior staff again: Report
India's top software exporter, Tata Consultancy Services (TCS), has announced a cut in the Quarterly Variable Allowance (QVA) of its senior employees, according to Moneycontrol.
Market cap of top 6 firms surges by ₹1.19L crore
In the last week, six of India's top 10 firms saw a massive surge in their market capitalization (m-cap) by ₹1,18,626.24 crore.
TCS promotes 1.1L employees, plans to hire 42,000 trainees
Tata Consultancy Services (TCS) has announced promotions for over 1.1 lakh employees in FY25.
Market cap of India's top 9 firms down ₹3L crore
The cumulative market cap of nine of the top 10 most valued companies in India witnessed a massive decline of ₹2.94 lakh crore last week.
Market cap of India's top 8 firms jumps by ₹88,000cr
In a recent surge, the total market valuation of eight out of the 10 most-valued companies in India jumped by ₹88,085.89 crore.
Indian IT stocks downgraded by 30%: Here's why
Goldman Sachs, a leading global brokerage firm, has cut target prices for Indian IT stocks by 3%-32%.
5 most valued Indian firms lose over ₹93,000cr in m-cap
The cumulative market capitalization of five of the top 10 most valued firms in India has eroded by ₹93,357.52 crore.
Nifty IT index enters bear market—What investors need to know
The Nifty IT index entered bear market territory on Wednesday, after a steep 4% fall to hit a 8-month low of 35,988 points.
Market cap of India's top 7 firms soars ₹2.1L crore
The cumulative market capitalization of seven of the 10 most valued companies in India rose by ₹2,10,254.96 crore last week.
Indian IT firms cutting bench sizes to boost revenue
Leading Indian IT firms, including TCS, Infosys, Wipro, HCLTech, and Accenture have been trimming bench sizes over the last year.
'Too vague': Infosys responds to Cognizant's trade secret theft allegations
Infosys has reiterated its allegations against Cognizant, calling its claims of trade secrets theft 'too vague' in a case related to the latter's healthcare software, TriZetto.
Market cap of top 8 Indian firms drops ₹3L crore
The cumulative market valuation of eight of the top 10 most valued firms in India took a major hit last week, losing ₹3,09,244.57 crore.
'Men are lonely..': TCS employee dies by suicide, blames wife
Manav Sharma, an employee of Tata Consultancy Services (TCS), died by suicide at his Agra residence earlier this week.
Top 8 Indian firms lose ₹1.65L crore in market valuation
Eight of India's top 10 most valued firms saw a massive drop in their cumulative market valuation last week, losing ₹1.65 lakh crore in total.
TCS accused of visa fraud by ex-employee: Here's what happened
Tata Consultancy Services (TCS), a top Indian IT giant, is facing allegations of visa fraud and manipulation of US labor laws and H-1B visa regulations.
TCS salary hike: What increase can employees expect in 2025?
India's top IT services firm Tata Consultancy Services (TCS) is gearing up to roll out its annual salary hikes for FY25 in March.
Market value of India's top 8 firms drops ₹2L crore
The combined market capitalization of eight of the 10 most valuable Indian companies, took a massive hit last week.
India's top 6 firms add ₹1.18L crore to market cap
Six of India's top 10 most valued companies saw their combined market valuation jump by a whopping ₹1.18 lakh crore last week.
TCS reduces variable pay for senior staff again
India's largest software exporter Tata Consultancy Services (TCS) has reportedly slashed the quarterly variable pay of its senior employees.