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TCS has implemented a return-to-office mandate, linking hikes and promotions to compliance. Freshers who complete assigned courses will receive digital compensation and higher salaries. Employees are required to work from the office for all five days of the week. TCS has expanded its partnership with Aviva to manage 5.5 million policies.
Indian IT majors do not bring good news for engineering graduates.
Tata Consultancy Services (TCS) is linking promotions and salary hikes to compliance with its return-to-office mandate. Learn more about TCS's return-to-office policy and its impact on promotions and salary hikes.
Deloitte India partner Rohinton Sidhwa discusses the changes in the TCS rates imposed on foreign exchange remittances. The TCS rate has been reduced from 20% to 5% in many categories. There are also potential changes in the calculation of agricultural income. The finance minister mentioned a PLI for R&D and innovation with a funding of Rs 1 lakh crore. There is also a focus on credit to the tourism sector. Sidhwa believes that the revenue growth assumptions are conservative and expects an increase in tax collection due to rising incomes and an expanding tax net.
PB Fintech reported strong numbers for the quarter ended December, with the company posting a consolidated net profit of Rs 38 crore, against a loss year ago.