Page 65 - Tcs News Today

​​The government found as many as 114 illegal betting and gambling platforms operating in India through domain farming, people aware of the details told ET.

The 59-year-old executive, who assumed office in June, said the investigation into the preferential treatment to recruitment firms by the TCS RMG has been concluded with a list of 19 employees against whom action has been taken for violation of the code of conduct.

India Business News: TCS COO N Ganapathy Subramaniam has stated that the company plans to hire 40,000 campus recruits in the current financial year. The company is focused

India Business News: TCS has sacked 16 employees, while three have been removed from the resource management function in a bribe-for-jobs scandal. Also, six vendor entitie

The 59-year-old executive, who assumed office in June, said the investigation into the preferential treatment to recruitment firms by the TCS RMG has been concluded with a list of 19 employees against whom action has been taken for violation of the code of conduct.

Barring Infosys, IT stocks like TCS, HCL Tech and Tech Mahindra, which together form 11% of Nifty, seems to have found a base around their respective rising trendline supports hinting a bounce back. Towards this end, we do not expect IT stocks to be slowing down Nifty, but banks might.

The onus of adhering to the international spending limit of Rs 7 lakh per annum per person, post which 20 percent TCS will kick in, rests with the customer purchasing the foreign exchange, say forex dealers

Tata Consultancy Services (TCS) on Sunday revealed it had sacked 16 employees and blacklisted six staffing firms, after its investigation into the bribes-for-jobs scandal.

"Companies flexed a few levers to defend margins. These include raising utilization rates, increasing productivity measures, lowering the average cost of resources, further cutting subcon costs (sufficiently optimized by now), and managing SG&A," said Kotaks Kawaljeet Saluja. Analysts are building in 60-110 bps margin expansion over FY2024-26E for TCS, Infosys, and HCL Tech.

Stating that discretionary demand can contribute as much as 30% of incremental revenues in a quarter, Subramaniam said the September quarter results were impacted due to this aspect.