Page 60 - Tcs News Today

The tax law mandates that certain persons being the sellers must collect a percentage of tax at the time of receipt of money from the buyers. Starting early this month, the Government of India introduced TCS rate of 20 percent on foreign remittances of more than ₹7 lakh in a financial year

Nascent Information Technology Employees Senate (NITES) had filed a complaint on behalf of over 2,000 lateral recruits who have been adversely affected by the unexpected delay in their onboarding process by TCS.

The labour department has issued the notice to TCS officials to meet department officials and discuss the matter on November 2 at the Pune labour department office

In another blow to edtech Byjus, its chief financial officer, Ajay Goel, is leaving after seven months at the company. This and more in todays ETtech Morning Dispatch.

Honasa Consumer, the IPO-bound parent of Mamaearth, has seen a reduction in contribution to revenue from its top 10 selling products. This and more in todays ETtech Top 5.

Demand for IT services has slumped amid a global slowdown. India’s IT companies have, therefore, clamped down on their hiring plans

The classification of E0 – E2 employees range from freshers to technical leaders and E3 – E6 employee band are those with mid-level positions ranging starting from project managers up to vice presidents. E7 and above are the senior-level employees.

"SIP flows continue to be strong despite global headwinds as the domestic economy is showing resilience. We are also seeing more NFOs being launched, especially in multi-cap, small-cap, and thematic space to plug in any gap in the product offerings. An investor should consider various factors for selecting a fund such as fund manager experience, performance history, expense ratio, type of scheme, assets under management and investment objective."

Despite the fact in the last one year, only negative things have been said about IT companies, look at their stocks performance. Except one large IT stock which had been a perennial under performer, most of the other IT stocks are not very far from the highs they had touched almost two years back. Infact relative performance of some IT is far better than many of the stocks and sectors which have been headlines. While it might be contrarian buy, there is high probability that IT stocks perform be...

During a town hall, the company’s HR head Shaji Mathew said the focus of the compensation review cycle at Infosys would be tenured as well as high performing employees