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TCS INCREMENT 2024
Nifty in control of FIIs? The unlucky 13 bluechips facing the hardest institutional selloffForeign investors have significantly reduced holdings in many Nifty companies since September 2024. This has impacted top blue-chip stocks,...- Infosys, TCS and other IT stocks slide for third straight session as AI worries mountIndian IT stocks extended their decline for a fourth straight session as investors trimmed exposure amid weak growth visibility, muted clie...
- US H-1B visa move to impact Indian IT cos' profit margins by only 0.20%: Crisil IntelligenceThis is because the reliance of IT companies on H-1B visas has been reducing since 2018, when the denial rates for the visa applications in...
- Cognizant announces salary hikes amid uncertainty in IT industryCognizant announced merit-based pay hikes for 80% of eligible staff from November, following similar moves by TCS and Infosys amid industry...
- TCS paid CEO K Krithivasan Rs 26.5 crore in FY25TCS CEO K Krithivasan’s pay rose 4.6% to Rs 26.52 crore in FY25, with average employee hikes between 4.5-7%. Despite a net headcount increa...
- TCS set to roll out hike letters with payouts likely in 4-8% rangeIndia’s largest IT services company, Tata Consultancy Services (TCS), will provide annual salary increases for FY25 in March; however, empl...
- More funds for international trips as Union Budget boosts TCS limit for foreign remittancesThe rise in the Tax Collection at Source (TCS) exemption limit on foreign remittances from Rs 7 lakh to Rs 10 lakh will provide extra funds...
- Infosys, Wipro show strong sequential growth in Q2 dollar revenueInfosys and Wipro delivered better than expected sequential growth in dollar denominated revenue for the September quarter. All four top IT...
- HCL Tech’s weak Q1 revenue hints at demand concernsHCL Tech's Q1 FY25 results were mixed, with better-than-expected net profit due to higher other income offsetting disappointing revenue gro...
- TCS announces interim dividend of Rs 10 per share, fixes record dateTCS shares will begin trading without the upcoming dividend included in the stock price on or before the record date. This change impacts w...
- Unpacking K Krithivasan's first year as TCS CEOTCS CEO K Krithivasan completed a year in office this month. His term was marked by an unprecedented slowdown in tech demand. The veteran, ...
- Infosys sustains deal wins, near-term outlook hazyInfosys disappointed in FY24 with slow revenue growth, weak guidance, and shrinking headcount. Despite TCV of new deals, the company faces ...
- TCS announces double-digit salary hike this year: Here is what you can expect in this appraisal cycleTCS Appraisal 2024: India's biggest IT company, Tata Consultancy Services, has declared a double-digit salary increase. The company plans t...
- TCS Q4 Results: Profit rises 9% YoY to Rs 12,434 crore, beats estimatesTCS Q4 Results: Revenue from operations increased by a marginal 3.5% year-on-year (YoY) to Rs 61,237 crore. On a sequential basis, profit a...
- IT services companies may roll out 8.4-9% salary hikes this yearIn 2024, IT majors are expected to give average salary appraisals of 8.4-9%, similar to the 8.5-9.1% average increases recorded in 2023, ac...
- Accenture, TCS, Infosys rise in brand value among IT firms, Wipro dipsWith generative large language models obtaining a lot of attention now, Brand Finance research suggests that Accenture is well poised to em...
- Tech majors may reduce pay hikes by half as slump hurtsOver the last three years, as per data by Xpheno, IT Service bellwethers have collectively increased compensation costs by 64%, while colle...
- Brokerages cut TCS earnings, price targetsFor instance, JPMorgan maintained its underweight rating and slashed its revenue estimate by 1% and margin by 20 basis points (bps), result...
- Big rejig: TCS names K Krithivasan CEO designate as Rajesh Gopinathan unexpectedly resignsRajesh Gopinathan, Chief Executive Officer and Managing Director of Tata Consultancy Services (TCS), has resigned. K Krithivasan has been a...
- Passenger service technology deal will open more opportunities in travel sector for us: TCSTCS is developing the customised platform for Plaza Premium Group (PPG), which caters to 70 airport locations and serves 20 million passeng...
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