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End of Work from Home? Are TCS employees being forced to come to office?
Explainers

End of Work from Home? Are TCS employees being forced to come to office?

TCS has begun delivering notes to staff members who don't put in at least 12 days of in-office work each month. The IT company reportedly threatened employees with disciplinary action if they failed to abide by its new policy. The firm is just one of the many that has put an end to work from home

No TCS on overseas payment of up to 7 lakh a year through international credit, debit cards: Finance Ministry
Business

No TCS on overseas payment of up to 7 lakh a year through international credit, debit cards: Finance Ministry

The ministry's decision earlier this week to bring international credit card spending under the RBI's liberalised remittance scheme (LRS) and the consequent levy of 20 percent TCS has evoked sharp reactions from experts and stakeholders

From TCS to Amazon, here are the 25 best companies to work at in India, as per LinkedIn’s survey
Business

From TCS to Amazon, here are the 25 best companies to work at in India, as per LinkedIn’s survey

Even though Amazon saw a lot of people getting fired in the last two years, and several other workforce-related controversies, it manages to rank second in LinkedIn's top 25 places to work at.

India's TCS CEO Rajesh Gopinathan to step down, veteran Krithivasan to take over
Business

India's TCS CEO Rajesh Gopinathan to step down, veteran Krithivasan to take over

The company named K Krithivasan as CEO-designate, effective 16 March, and said he would take over as CEO and managing director in the next financial year, subject to shareholders' approval. He joined TCS in 1989 and has held various leadership roles in the company

TCS announces massive salary hike after increasing 8% net profit in previous quarter, details here
Business

TCS announces massive salary hike after increasing 8% net profit in previous quarter, details here

TCS’ average attrition rate is currently 19.7 percent, down from 21.5 percent recorded in the previous year. TCS recruited 20,000 new employees in the July-September quarter

How Pune techie developed an unlikely Twitter friendship with Elon Musk
World

How Pune techie developed an unlikely Twitter friendship with Elon Musk

Pranay Pathole's account is one of only a small handful that Elon Musk, the billionaire, frequently replies to — an average of once every two days

Market capitalization: 8 of 10 most valued firms together added Rs 98,000 crore; Infosys, TCS take lead
Business

Market capitalization: 8 of 10 most valued firms together added Rs 98,000 crore; Infosys, TCS take lead

From the top-10 pack of Sensex, HDFC twins were the only laggards. The market valuation of Infosys jumped Rs 28,170.02 crore. TCS added Rs 23,582.58 crore

TCS to begin 4th and biggest buyback of shares from 9 March: All you need to know
Business

TCS to begin 4th and biggest buyback of shares from 9 March: All you need to know

According to the updated schedule given on the TCS website, the deadline of settlement of bids on the Stock Exchanges is 1 April.

Market update: As Sensex, Nifty begin volatile trading session, here are some stocks to watch for
Business

Market update: As Sensex, Nifty begin volatile trading session, here are some stocks to watch for

Sensex and Nifty incurred losses of 0.72 per cent and 0.79 per cent respectively to settle the day at 17,617.15 and 59,037.18 on Friday

Sensex rallies over 500 points to reclaim 60,200 level after RBI policy outcome; Nifty up 149 points
Business

Sensex rallies over 500 points to reclaim 60,200 level after RBI policy outcome; Nifty up 149 points

Tata Steel was the top gainer in the Sensex pack, rising over 2 percent, followed by Infosys, TCS, Reliance Industries, HCL Tech and Bajaj Auto

Q1 revenue seen falling 8-10% sequentially; year-on-year may clip at 50%: Crisil
Business

Q1 revenue seen falling 8-10% sequentially; year-on-year may clip at 50%: Crisil

The Crisil estimate is based on an analysis of 300 companies accounting for 55-60 percent of the market capitalisation (excluding financial services and oil companies)

IT companies set to slash 3 million jobs by 2022 due to automation, says Bank of America report
India

IT companies set to slash 3 million jobs by 2022 due to automation, says Bank of America report

Based on average employee costs of $25,000 per annum for India-based resources and $50,000 for US resources, the move will release around $100 billion in salaries and associated expenses

Sensex jumps over 300 points to breach 50,000-mark for first time; NSE Nifty tops 14,700
Business

Sensex jumps over 300 points to breach 50,000-mark for first time; NSE Nifty tops 14,700

Bajaj Finserv was the top gainer in the Sensex pack, rising around 4 percent, followed by Bajaj Finance, Reliance Industries, IndusInd Bank and Axis Bank

TCS all set to acquire Deutsche Bank's IT business by end of 2020
Business

TCS all set to acquire Deutsche Bank's IT business by end of 2020

Deutsche Bank has on Monday (9 November) announced an agreement concerning the sale of Postbank Systems AG to and Tata Consultancy Services (TCS) Ltd.

TCS announces Rs 16,000-cr buyback plan, net profit up 4.9% at Rs 8,433 cr in  Sep quarter
Business

TCS announces Rs 16,000-cr buyback plan, net profit up 4.9% at Rs 8,433 cr in Sep quarter

The net profit, however, excluded Rs 1,218 crore-provision towards a legal claim, the company said in a regulatory filing

TCS Board to consider share buyback proposal, second interim dividend in meeting on 7 October
Business

TCS Board to consider share buyback proposal, second interim dividend in meeting on 7 October

In 2018, the Mumbai-based company had undertaken a share buyback programme worth up to Rs 16,000 crore

Shares hold on gains for fifth straight session; Kotak Mahindra Bank shares offset impact of Moody's ratings cut
Business

Shares hold on gains for fifth straight session; Kotak Mahindra Bank shares offset impact of Moody's ratings cut

Kotak Mahindra Bank was the top gainer in the Sensex pack, rising around 7 percent, followed by M&M, Sun Pharma, Hero MotoCorp, Bajaj Finance, Tata Steel, Bharti Airtel and HCL Tech.

Govt's unlock Phase 1.0 enthuses markets: Sensex soars 879 points, Nifty jumps to 9,800-level; Bajaj Finance top gainer at around 11%
Business

Govt's unlock Phase 1.0 enthuses markets: Sensex soars 879 points, Nifty jumps to 9,800-level; Bajaj Finance top gainer at around 11%

The Sensex surged driven by gains in Reliance Industries, HDFC twins and TCS as investor optimism heightened after the government began the process of unlocking the economy.

India's most valuable companies likely to lose $25 bn of brand value as COVID-19 pandemic wreak havoc: Brand Finance report
Business

India's most valuable companies likely to lose $25 bn of brand value as COVID-19 pandemic wreak havoc: Brand Finance report

Brand Finance has assessed the impact of COVID-19 based on the effect of the outbreak on enterprise value, compared to what it was on 1 January 2020