Tag: Tata Consultancy Services

STOXX 600 slips as French rating review looms; still ends week higher

Stocks
European shares ended the week on a strong note but were a little lower on Friday as investors turned cautious ahead of Fitch's credit rating decision on France later in the day. The pan-European STOXX...

France credit downgrade: Fitch cuts rating to A+ from AA- in a record low; political turmoil clouds debt outlook

Business
File photo: French President Emmanuel Macron (Picture credit: AP) France’s sovereign credit rating has been cut by Fitch to A+ from AA-, with the agency warning that public debt will keep rising until at...

‘Halt all terminations…’: TCS layoffs prompt NITES to write to Labour Minister; IT employee union wants stay on 12,000 job losses

Business
TCS layoffs: NITES has written a letter to Union labour minister Mansukh Mandaviya, voicing concerns regarding the mass sackings. (AI image) The...

Explained: Why TCS firing 12,000 employees may be a canary in the mine and what it means for investors

Stocks
When Mark Zuckerberg announced in November 2022 that Meta would slash its workforce by 13% and lay off around 13,000 employees, shareholders celebrated...

‘Don’t resign under pressure….’: TCS layoffs opposed by IT employee unions; IT giant to sack 12,000 employees

Business
TCS is now facing opposition from IT sector employee organisations following their announcement of workforce reduction. (AI image) TCS layoffs are being...

TCS layoffs: What will Tata Consultancy Services do for 12,000 employees it will let go this year? What the IT giant said

Business
TCS layoffs: The move to cut its staff strength also comes at a time when TCS is facing resistance for its changed...

Infosys, Wipro and other IT stocks fall up to 3% after TCS Q1 earnings disappoint on revenue quality

Stocks
Shares of Indian IT majors slumped up to 3% on Friday, with Tata Consultancy Services (TCS), Infosys, and Wipro leading sectoral losses after...

M-cap of 6 of top 10 most valued firms drops by Rs 70,325 crore; HDFC, ICICI Bank top drags

Stocks
The combined market valuation of six of the top-10 valued firms eroded by Rs 70,325.5 crore last week, with HDFC Bank and ICICI...

Top 10 firms add Rs 3.84 lakh crore m-cap in last week rally; HDFC Bank, Airtel lead surge

Business
The combined market capitalisation of India’s ten most valued companies soared by Rs 3,84,004.73 crore last week, driven by a strong...

Dozens accuse TCS of favoring Indian workers over older US employees; company says allegations ‘misleading’

Business
The US Equal Employment Opportunity Commission (EEOC) is investigating dozens of allegations that Tata Consultancy Services (TCS), India's largest IT outsourcer,...

Wipro likely to stay in slow lane amid challenging business scenario

Stocks
Wipro’s fourth quarter performance, weak on key parameters, resonates the sector wide slack amid delayed ramp ups of large, multi-year transformational projects. Global...

market valuation: 5 of top 10 valued firms add Rs 84,559 crore in valuation last week; HUL major gainer

Stocks
New Delhi, The combined market valuation of five of the top-10 valued firms surged Rs 84,559.01 crore in a holiday-shortened last week, with...

M-cap of nine of top-10 most valued firms slumps by Rs 3 lakh cr; TCS, RIL hit hard

Stocks
The combined market valuation of nine of the top-10 most valued firms eroded by Rs 2,94,170.16 crore in the holiday-shortened last week, with...

Mcap of 8 of top-10 most-valued firms climbs Rs 88,085.89 cr; HDFC Bank biggest gainer

Stocks
The combined market valuation of eight of the top-10 most-valued firms climbed Rs 88,085.89 crore last week, with HDFC Bank leading the pack...
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