TCS shares decline almost 2 laptop on layoff announcement

[ad_1] New Delhi, Jul 28 (PTI) Shares of Tata Consultancy Companies (TCS) declined almost 2 per cent on Monday after the corporate introduced that it’ll lay off about 12,000 workers of its world workforce this 12 months. The inventory dipped 1.69 per cent to ₹3,081.20 on the BSE. On the NSE, it went decrease by … Read more

India will get a brand new No. 7 IT companies firm as churn continues

[ad_1] Noida-based Coforge, previously NIIT Applied sciences Ltd, reported $442 million in income for the three months ended June 2025, rising 9.6% sequentially. Bengaluru-based Mphasis’s income rose 1.6% to $437 million throughout the first quarter. Coforge has jumped three spots in lower than a 12 months. It had nudged forward ofPersistent Methods Ltd in September … Read more

TCS layoffs: Why is IT main shedding 12,000 workers from its world workforce? Defined

[ad_1] TCS layoffs: India’s largest IT firm, Tata Consultancy Providers (TCS), is ready to chop its workforce by 2% this 12 months, affecting as many as 12,261 workers of its world workforce. The event comes simply two weeks after TCS stated that the corporate’s ‘precedence’ focus is delivering wage hikes for its over 6 lakh … Read more

TCS to put off over 12,000 workers this yr; mid, senior stage employees to be impacted

[ad_1] New Delhi, Jul 27 (PTI) India’s largest IT companies agency, Tata Consultancy Providers (TCS), is about to put off about 2 per cent, or 12,261 workers, of its world workforce this yr, with nearly all of these impacted belonging to center and senior grades. As of June 30, 2025, TCS’s workforce stood at 6,13,069. … Read more

Infosys’s robust exhibiting not sufficient to energy Indian IT in gradual first quarter

[ad_1] Infosys reported $4.94 billion in income for the April-June interval—up 4.46% from the previous three months and 4.82% from a yr earlier—exceeding the $4.86 billion that analysts polled by Bloomberg had anticipated on common. A lot of this improve in enterprise was from power corporations, which made up 27% of the corporate’s incremental income … Read more

Coforge, Persistent clocked IT’s greatest present. Here is why the shares crashed nonetheless

[ad_1] Eighth-largest IT companies agency Coforge reported $442 million in income within the first quarter, up 9.6% sequentially, whereas ninth-largest Persistent Techniques reported $389.7 million, up 3.9% from the previous three months. Sixth-largest LTIMindtree Ltd was the slowest among the many mid-caps, reporting a 1.97% improve in income to $1.15 billion. In distinction, three of … Read more

TCS salary hike: IT major says wage hikes to 6 lakh employees a ‘priority’. Here’s what CFO says

[ad_1] TCS salary hike: India’s largest IT company, Tata Consultancy Services (TCS), has said that their ‘priority’ focus is delivering wage hikes for its over 6 lakh workforce. “My priority is getting back to the wage hike,” said Chief Financial Officer (CFO) Samir Seksaria without specifying a deadline for the salary hike for its employees. … Read more