Page 8 - Tcs News Today

Infosys and TCS reported headcount declines in 2023-24 due to automation. Indian IT workers face challenges negotiating salaries with generative AI. Global tech job markets are impacted by AI, leading to a shift in causality for Indian companies.

Indias IT services industry - a $254 billion powerhouse - has been feeling the heat of global macroeconomic uncertainties and geopolitical flareups as clients turned cautious with IT spends.

India Business News: TCS reported 3.4% revenue growth in 2023-24, surpassing Nasscom's estimate for India's IT exports. CEO anticipates better FY25 with focus on growth ma

TCS Headcount Declines By 1,759 To 2-Year Low of 6,01,546 Employees; the March 2024 quarter is the third consecutive quarter of declining total headcount at TCS

Among the funds shopping for ITC were ICICI Prudential MF which topped the charts with a share purchase worth Rs 4,892 crore. As for TCS, SBI MFs prominent addition in March was this IT stock where the latter bought shares worth Rs 2,205 crore

The shares of Bharti Hexacom will debut on the exchanges on Friday. Based on the GMP trends, the stock is expected to see a healthy listing of around 12-15%.

TCS anticipates sequential growth in Q4 driven by BFSI and manufacturing sectors. Operating margin estimates 25.2-27.2%. Key focus on FY25 outlook, Hi-Tech, telecommunications, US, Europe, and Accenture Plc. Investor interest in Dalal Street.

Stocks to watch: Shares of firms like TCS, Bharti Hexacom, Wipro, Voda Idea, PVR Inox, BoB, and others will be in focus on Friday's trade.

Q4 results today: Motilal Oswal Financial Services said that TCS may report a 2.2% quarter-on-quarter (QoQ) growth in constant currency (CC) terms.

Banks spending more on technology to meet regulatory mandates, companies upgrading SAP systems and a broader increase in technology spending after US elections due in November are some of the factors that have raised demand recovery prospects for Indias $245 billion-plus IT services sector next year.