Page 41 - Tcs News Today

While TCS is seen reporting a moderate growth in revenue in constant currency terms sequentially, Infosys will see the topline declining by more than 1%, according to estimates given by brokerage firms.

TCS Q3 Preview: PAT growth will likely be lower this time as against a 10.98% YoY increase the company reported during the December quarter last fiscal. On a sequential basis, the net profit is expected to grow 0.6%, as higher-than-usual furloughs are set to offset growth in Q3FY24.

Tata firm TCS has been accused of stopping the salary of around 900 employees in the IT firm, as well as "forcing" employees to transfer.

The Maharashtra government's labour department has issued a notice to Tata Consultancy Services (TCS) over alleged forced transfers. The complaint, fi

Mega stocks such as HDFC Bank, Reliance Industries, ICICI Bank, Infosys, TCS, Axis Bank and Kotak Mahindra Bank, which collectively account for 48% of the total Nifty 50 weightage, have given return of 9.58% in 2023 compared with the Nifty 50s return of 20%.

"As per our ‘Nifty fair value model, the index is now close to 20% overvalued. Thus, we do not anticipate a large upside to the index from this point. The most likely outcome for the index in the next 6-9 month period seems to be a time correction," Kotak said in a note.

Tata Consultancy Services (TCS) is facing accusations of unethical transfer practices, as the Nascent Information Technology Employees Senate (NITES) files a complaint with the Ministry of Labour and Employment.

NITES claims that it has received more than 300 complaints where TCS has been systematically forcing more than 2,000 employees to transfer to different cities without proper notice or consultation.

The Nascent Information Technology Employees Senate (NITES) had filed a formal complaint with the Ministry of Labour and Employment against TCS for alleging forceful transfer of over 2000 employees, ET reported on November 15.

Mcap of 8 of top-10 most valued firms jump ₹1.29 lakh cr; HDFC Bank biggest gainer