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TCS WHISTLEBLOWER ALLEGATIONS
Reddit user alleges TCS suspended him for reporting security incidentTCS employee on Reddit suspended for whistleblowing security incident involving personal laptops and shared login credentials. Allegations ...- TCS employee says he got suspended for reporting security breach in viral social media postA TCS employee faced suspension after reporting a security incident involving the use of personal laptops and shared login credentials, act...
- TCS layoffs: US techies allege Indian IT major of employment discriminationAccording to a report in the Wall Street Journal, more than 20 employees have filed complaints against TCS, alleging preferential treatment...
- How India Inc can leverage technology to curb insidious graftIndia's public sector has a long history of corruption. It can, therefore, be argued that most Indians are somewhat accustomed to corruptio...
- Jobs Scam | TCS fires six employees, bans as many staffing firms: N ChandrasekaranAddressing the 28th Annual General Meeting of the country’s largest IT firm, Chandrasekaran said TCS will review and tighten its supplier m...
- TCS to check weaknesses, tighten supplier management process: N Chandrasekaran on jobs scandalResponding to shareholder concerns about the media reports related to TCS’s so-called “recruitment scandal”, Chandrasekaran said “the most ...
- TCS job scandal: Company writes to board members clarifying details about allegationsTCS was alerted about senior executives breaching corporate code of conduct to give preferential treatment to some recruiters at the compan...
- TCS sacks four employees, investigating malpractice involving staffing firmsThe recruitment activities in TCS are not handled by the Resource Management Group (RMG) as alleged, therefore the reference to alleged sca...
- Brokerages upbeat on Infosys after strong Q3, clean chit to top brassUpgraded guidance and investigation outcome should be well received by the market, said UBS.
- Will clean chit to CEO in whistleblower case reverse Infosys stock's underperformance?Analysts said a 5-10 per cent upside in the stock in the near term cannot be ruled out.
- Troubles mount for Indian IT firms as clients look for more bang for buckAnalysts said several clients have asked Indian IT majors to cut rates and commit to costs savings upfront.
- MFs shift some weight from TCS to Infosys as valuations turn attractiveThe Infosys stock is currently trading at 17 times FY21 estimated earnings.
- Seven of top-10 firms add Rs 76,998 cr in m-cap; TCS biggest gainerThe valuation of Tata Consultancy Services (TCS) zoomed Rs 25,403.64 crore to Rs 7,97,400.51 crore.
- Employee morale hurt, reputation at stake: Timeline of how Infosys handled whistleblower complaintsInfosys is facing allegations of serious impropriety for the second time in as many years.
- Investors may prefer a ‘safer’ TCS over Infy for now amid uncertaintiesPrice to Earnings (PE) ratio stood at 17.7 and TCS trading at 23.8 times.
- No Infosys target price cut by brokerages, but issue may impact ‘contract wins’Macquarie said any significant change in sales strategy and top management could create uncertainty around growth.
- Advantage Wipro, TCS now. But Infy crisis can dent confidence in Indian ITAnalysts expect TCS and Wipro to gain, as funds flowing out of Infosys will look at them.
- Infosys may need some private time to fix itselfIt’s a deja vu moment for co-founder and non-executive Chairman Nandan Nilekani.
- Infosys tanks 16% on whistleblower blow as investors vote with their feetThis was the 16th time the stock has tanked in double-digit in a single day since January 2000.
- After Infosys, US law catches up with Tata Consultancy ServicesA US court in California has granted class action status to a lawsuit against India's largest information technology services firm Tata Con...
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