Page 62 - Tcs News Today

IT Q2 results: Experts are not very optimistic about the near-term prospects of the Indian IT players because of the prevailing macroeconomic uncertainty in the US and Europe.

In Q2 FY 24, Tata Consultancy Services (TCS), Infosys, HCLTech and Wipro, reported a decline in workforce by 21, 213. This was mainly driven by a slowdown in hiring, focus on better utilisation, and use of the existing pool of trained freshers on projects, amid rising uncertainty on the demand front.

Speaking to ET Thierry Delaporte says Wipro is focusing on weeding out unprofitable clients, strengthening teams to win large deals and attracting fresh talent with a new approach to transform profoundly for a long-term impact.

Wipro is the first IT company to acknowledge how GCCs are luring skilled employees with 4-10 years of experience, offering compensation levels that IT companies cannot match

Bookings for air travel rose close to 90% during Flipkarts annual flagship sale compared with the business-as-usual period, Cleartrip chief financial officer Aditya Agarwal told ET in an interview. While bus bookings at the online travel agency grew 80%, the biggest jump was in hotel bookings that expanded three times.

"Time in the market is crucial for wealth creation. Geopolitical concerns, such as higher oil prices and active military action in the Middle East, can have a long-term impact on equity markets. Buybacks are becoming common as they are more tax-friendly for investors and allow companies to return excess cash. The commodity cycle may be affected by geopolitical concerns, with oil being the outlier. SIPs and other non-discretionary flows into equities provide a liquidity cushion for Indian eq...

Oxford University will not consider the results of its online admissions tests for English courses next year due to widespread complaints of technical issues. Students and schools reported crashes, freezes, and incorrect questions while using the new online testing system. Prospective students worried that these glitches would harm their chances of admission. Oxford has acknowledged the lack of preparation and overwhelmed helpline and has decided not to include English literature admissions test...

The government is planning major tweaks to the Digital India Bill that will endanger the safe harbour provision given to social media companies with regard to user-generated content published on their platforms. More on this in todays ETtech Morning Dispatch.

TCS has asked all employees to follow its dress code while working from the office, a report by Moneycontrol stated. Here is the dress code policy that all TCS associates are expected to follow.

The seller of a motor vehicle will collect TCS from the buyer if the value of the motor vehicle is over Rs 10 lakh. However note that TCS is not an additional tax and this amount can be claimed back at the time of income tax return (ITR) filing.