Page 63 - Tcs News Today

​On the lower side, somewhere around the 19,400 mark, I think we should continue to grind in between this range for the next few trading sessions so no real commitments coming out from the Nifty index.

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.

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.

The quarterly results for the top three companies - Tata Consultancy Services (TCS), Infosys and HCLTech announced last week show that a larger percentage of their current growth is coming from the European region.

Tata Consultancy Services (TCS) has asked employees to adhere to the dress code policy after ending work from home.

“Affluent consumption is driven by services sectors like IT and global captives, which we believe will be a structural theme. Though there is short-term pressure, in the longer term, that is the play we want to be with. On the rural or mass market consumption side, the pain is likely to continue.”

Indias largest IT services company, TCS, has asked employees to follow a proper dress code as they return to the office. Approximately 70 per cent of TCSs workforce has already transitioned back to office-based work. TCSs Chief Human Resources Officer emphasized the importance of integrating the new workforce with the existing TCS community.

Two major Indian IT companies — Wipro and LTIMindtree — posted subdued earnings for the second quarter. While Wipros consolidated net profit rose marginally, that of LTIMindtree dipped. This and more in todays ETtech Top 5

This comes as major Indian IT firms have all reported a drop in their headcounts. Indias largest software exporter, TCS, reported a net fall of 6,333 employees in the second quarter of FY24.

From a short-term perspective, IT stocks may look expensive as they command higher valuations than their global peers. But they have consistently delivered growth over the last 20 years and continue to be resilient despite higher interest rates and tighter spending globally.