Moonlighting is becoming a serious issue in the tech industry. While some internet businesses, such as Swiggy, support moonlighting, the policy that permits employees to work additional jobs in addition to their primary employment. Wipro CEO Rishad Premji has fiercely opposed the notion of moonlighting, while TCS COO N Ganapathy Subramaniam has labeled it an ethical concern. Subramaniam argues that allowing regulations such as moonlighting… read-more
Courtesy: India Today
Hindustan Unilever was the largest gainer last week, increasing its market worth by Rs1,81,209.89 crore along with eight of the top ten domestic companies. Reliance Industries and Tata Consultancy Services (TCS) were the two bottom-performing companies in the top-10 group. Reliance Industries continued to be the most valuable company in the top-10 list, followed by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, LIC, SBI, HDFC, and Bharti Airtel.… read-more
Courtesy: Free Press Journal
Out of the top ten domestic firms, six of them contributed a total of Rs 69,611.59 crore to their market valuation. Further, Reliance Industries gained the most as the valuation jumped to reach Rs 13,38,763.60 crore. Meanwhile, HDFC Bank, HDFC, SBI, ICICI, and Kotak Mahindra Bank were the gainers. However, TCS, Infosys, Hindustan Unilever Limited, and Bajaj Finance suffered a decline in their market cap.
Courtesy: The Free Press Journal
The registration process of the National Qualifier Test (NQT) conducted by Tata Consultancy Services (TCS) will be open for the applicants who want to appear for the August 2021 and November 2021 exams. Firms apart from TCS recruit the candidates who clarified the exam. The score of the exam remains valid for two years. Applicants presently at the UG, PG, and Diploma pre-final or final year can apply.
As per sources, with automation coming at a faster pace across industries like tech space and domestic software firms, around 3 million people are likely to lose their jobs by 2022. This slash of headcount is expected to save companies an enormous amount of USD 100 billion, which they pay off as salaries annually. TCS, Infosys, Wipro and Tech Mahindra are some of the companies which are likely to retrench.
Courtesy: Hindustan times
Software Mogul Tata Consultancy Services has become the first IT Services company to announce increment for FY22 for all its employees, effective from April 1. Reportedly, the decision came after the company recorded a 7% increase in its net profit during third quarter, highest in last nine years, despite COVID-19 uncertainties. The salary hike will help employees with a 12-14% average increment in six months' time. Earlier, the company had … read-more
Tata Consultancy Services (TCS) on January 25 outdid Reliance Industries Ltd (RIL) to become India's most valuable firm in terms of market capitalization. As per Bombay Stock Exchange (BSE) data, TCS' share price increased by almost 1.26%, thereby tapping an unparalleled Rs 3,345.25. At the day's highest level, TCS' market value attained a record high of Rs 12.55 lakh crore, while RIL descended by 4.84% to Rs 12 lakh crore.
Father of Indian IT industry, FC Kohli passed away on November 26. The 96-year-old veteran technocrat was the founder and first CEO of Tata Consultancy Services. Directing several entities of Tata group, he was also among the board directors in the Institute of Electrical and Electronics Engineers. Along with being president of Computer Society of India, he was the chairman at the south-east Asia Regional Conferences in 1976 and 1988.
Courtesy: Deccan Herald
Winning a TCS organized "Rural IT Quiz", Rajasthan's Himanshu Maakar bagged a scholarship worth Rs 1 lakh. A student from Suratgarh's Swami Vivekanand Government School, Himanshu won the TCS education quiz conducted in association with science and technology department of Karnataka. Held under the Bengaluru Tech Summit 2020 students from six states participated in the competition. Aman Kumar Anjana from Dewas, Madhya Pradesh was the runner-up… read-more
Courtesy: The Times of India
Tata Consultancy Services Limited (TCS), on October 5, reached a market value of Rs 10 lakh crore, becoming the second Indian company to reach the category. Reportedly, its market value rose to Rs 10,03,012.43 crore and stock prices reached a record high of Rs 2,678.80 on the Bombay Stock Exchange. However, Reliance Industries Limited remains the first Indian company, with a market value of Rs 15,02,355.71 crore.
Courtesy: Bloomberg Quint