Page 6 - Tcs

Action for moonlighting can ruin a career, TCS will show empathy: COO

Action against moonlighting can ruin a person's career and hence, it is important to show empathy while dealing with the issue, a top official from TCS has said. Nothing prevents the country's biggest IT services exporter from taking action against employees for moonlighting when it has evidence because it is a part of the service agreement, but young kids will have to be dissuaded, the company's chief operating officer N Ganapathy Subramaniam told PTI. "The consequences (of taking action) will be that the person's career will be ruined. Background check for the next future job will fail for him...We have to show some empathy," Subramaniam said. He said the company looks at an employee like being a part of the family and given the consequences of any action, would rather focus on dissuading the family member from going astray. It can be noted that in the past few months, amid increased demand for talent, moonlighting or side hustles have come to the fore in the over USD 220 billion

Indian IT companies cut hiring amid US, Europe recession fears: Report

Several CEOs of IT companies in India have said that companies need to be cautious amid macroeconomic uncertainties

Funding environment for digital push remains strong: TCS chief executive

Funding commitments for digital push remain intact despite a challenging macro-economic environment, the chief executive of TCS

This recession was anticipated, says TCS MD & CEO Rajesh Gopinathan

TCS MD & CEO says attrition is way beyond the firm's comfort levels

Infosys Q2 net profit rises 11% to Rs 6,021 cr, raises its FY23 guidance

Bloomberg had estimated revenue to be Rs 36,564 crore and net profit at Rs 5,902 crore

TCS Q2 result: Brokerages upbeat on margin improvement; macro risks remain

TCS Q2 earnings review: Its attrition inched up to 21.5 per cent over the preceding quarter's 19.7 per cent. It said the quarterly annualized attrition has peaked in Q2 and should taper down from here

TCS launches solution to help central banks in use of digital currencies

As major central banks work towards roll-outs of digital currencies, India's largest software exporter TCS on Tuesday announced a solution which will aid in their roll-outs and usage. The Tata Group company has enhanced its blockchain solutions platform Quartz to enable central and commercial banks to support the entire lifecycle of Central Bank Digital Currency (CBDC) issuance, book-keeping and transactions. The company's president for banking, financial services and insurance products and platforms, Vivekanand Ramgopal told PTI that having the capability was fundamental to TCS, which counts on the BFSI (Banking, Financial Services and Insurance) segment as its largest business vertical. Without giving a size of the opportunity, Ramgopal said having the CBDC solution is "incredibly important" strategically and added that it is already working with multiple stakeholders in the system. The company feels a wholesale CBDC has clear advantages over the retail one and may be the first o

Sensex sheds 844pts in late sell-off, Nifty breaks 17,000; IT index down 2%

CLOSING BELL: Sectorally, apart from the BSE IT index, which declined 2 per cent, the Consumer Durables, Metal and Realty indices were the other major losers

TCS slips over 2% even as Q2FY23 results beat Street estimates

The IT major reported net profit of Rs 10,431 crore, up 8.4 per cent year-on-year (YoY) and 10 per cent quarter-on-quarter (QoQ)

TCS to give full variable pay to 70 per cent employees in Q2FY23: Report

In Q2FY23, TCS saw an eight per cent year-on-year (YoY) jump in its net profit to Rs 10,465 crore, beating the estimates

Top Headlines: TCS on moonlighting, licensing of digital apps, and more

TCS said moonlighting is an "ethical issue" and against its core values but has not taken any action against any staff

As consulting firms enter tech, problems grow for Indian IT companies

European clients, which typically account for a quarter to a third of Indian firms' sales, are almost certain to cut their tech budgets - at least until the war in Ukraine comes to an end

TCS to hire additional 10k-12k freshers in current year amid 21% attrition

"Attrition will need at least four quarters to come down to 20%. But the overall number of people leaving the company will come down significantly," said Milind Lakkad, Chief HR Officer of TCS.

TCS beats Street estimates in Q2, net rises 8.4%; attrition remains high

Net profit has crossed the Rs 10,000-crore mark for the first time

TCS sees softness in long-term deals after second-quarter beat

Many of India's top IT services firms are looking at various cost-cutting measures, as they are worried that tightening budgets at recession-wary US and European clients will sharply hit their profits

TCS' Q2 net profit rises 8% to Rs 10,431 cr, firm declares Rs 8 dividend

The firm's consolidated revenue from operations rose 18% to Rs 55,309 cr

Top headlines: TCS Q2 net rises 8%; Nobel economics for research on banks

The firm's consolidated revenue from operations rose 18% to Rs 55,309 crore in Q2FY23 as against Rs 46,867 crore in Q2FY22

Sensex swings 760 pts, ends 200 pts down; Nifty holds 17,200; IT stocks up

CLOSING BELL: IT, select auto and banking stocks aided the market recovery on Monday. TCS gained nearly 2 per cent ahead of its Q2 result.

What should you expect from IT majors' Q2-FY23 earnings?

The second quarter earnings season is set to begin today with results from IT major TCS. Here's a report on what experts are anticipating from top Indian IT majors in the September quarter

Stocks to watch: TCS, HUL, GCPL, Ambuja Cements, Tata Power, Bandhan Bank

Stocks to watch today: Tata Consultancy Services (TCS) will kick off India Inc's July to September (Q2FY23) earnings on Monday, October 10; HUL, GCPL slashed prices of soap products by up to 15%