TCS
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‘Banks ready to implement 20% TCS on foreign tour packages from Oct 1’

As per a top Finance Ministry official, this time the banks have not flagged any concern regarding the implementation of higher TCS.  

published on : 29th September 2023
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TCS to run GeM portal from October 3;  move to save Rs 150 crore per year

The current service providers receive 0.215% on each transaction value with the maximum payout capped at Rs 1.5 crore on a single transaction.

published on : 28th September 2023
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IT services firms bag digital transformation contracts despite slowdown in client spending

HCLTech on Friday announced that it has expanded its relationship with ANZ, one of Australia’s four largest banks, to transform its digital employee experience across 33 countries.

published on : 22nd September 2023
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TCS bags $1 billion deal from Jaguar Land Rover

TCS has operated in the UK for more than 45 years and is the leading supplier of software and IT services to the UK market, by revenue.

published on : 6th September 2023
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TCS to help transform government's e-marketplace

The current platform has architectural challenges in scaling up and in meeting the evolving needs of buyers and sellers.

published on : 8th August 2023
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TCS makes major overhaul in senior management under new chief executive

This was said to have created a a lot of unease among top management of TCS leading to the unceremonious exit of Gopinathan earlier this year.

published on : 30th July 2023
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TCS Results: Analysts take note of the revenue miss, 'guarded commentary'

TCS missed Street estimates on revenue and margin but met expectations on net profit, prompting some analysts to temper their expectations for the rest of the year

published on : 13th July 2023
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TCS net profit up 17 per cent, beats estimates

Net profit at Rs 11,074 crore as against analysts’ prediction of about Rs 10,890 crore; sequentially profit down 2.8%.

published on : 13th July 2023
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TCS rolls out salary hike; says will honour offers, delays due to biz environment

The chief HR officer said 70% of employees will receive 100% variable pay. The rest -30% will get it based on business performance

published on : 13th July 2023
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TCS maintains 40,000 fresher hiring target for the year, but acknowledges 'onboarding delays'

The company reiterated it will honor all its campus offers, but there might be some delays due to slower project ramp-ups

published on : 12th July 2023
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TCS Q1 net profit up 17 percent at Rs 11,074 crore; revenue at Rs 59,381 crore  

‚Äč The country's largest IT services company Tata Consultancy Services (TCS) on Wednesday reported a 16.8% increase in its net profit for the quarter ended June, while revenue rose 12.6%

published on : 12th July 2023
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TCS may go slow on hiring as company shifts focus to improving utilization

India's largest IT exporter Tata Consultancy Services Ltd reported first-quarter revenue below estimates at Rs 59,381 crore. Analysts were expecting revenue of Rs 59,615 crore.

published on : 12th July 2023
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GST Council to clarify on TCS liability of e-commerce suppliers on ONDC

ONDC or Open Network for Digital Commerce is a new initiative of the department for the promotion of industry and internal trade (DPIIT).

published on : 9th July 2023
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TCS to train 25,000 engineers in GenAI

Nearly all executives (96%) recognise that generative AI is a key topic in the boardroom, with the majority confirming that their leadership are strong advocates.

published on : 7th July 2023
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No tax collection at source on overseas credit card spends

This would mean that transactions through international credit cards while being overseas would not be counted as LRS and hence would not be subject to TCS, the ministry said.

published on : 29th June 2023
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TCS’ external staffing contracts under review

A senior executive of a staffing firm told this newspaper this is a norm followed by all MNCs.

published on : 28th June 2023
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Despite macro headwinds, companies double down on Cloud, AI capabilities

Despite current macro headwinds, cloud remains a long-term investment priority for 70% of major corporations, said Tata Consultancy Services’ recent report.

published on : 16th June 2023
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TCS sees higher attrition among women as work-from-home ends

With 35.7% of women workforce, the country’s largest IT services provider Tata Consultancy Services has been witnessing higher attrition among its female employees. 

published on : 14th June 2023
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TCS, Reliance, Jio top best Indian brands 2023 ranking

Tata Consultancy Services (TCS) topped the 2023 50 Most Valuable Indian Brands list with a brand value of Rs 1.09 lakh crore.

published on : 1st June 2023