TCS Reduces Variable Pay of Senior Level Employees for Q2 Amid Weak Demand

TCS Reduces Variable Pay of Senior Level Employees for Q2 Amid Weak Demand

Last Updated:November 08, 2024, 18:27 IST While some employees received only 20-40 per cent of their expected variable pay, others saw no payout at all, according to a report. The variable pay at TCS depends upon both work-from-office attendance and the performance of individual business units. Tata Consultancy Services (TCS), India’s largest IT services company, … Read more

Staff not liable if employer under IBC fails to deposit TDS: Bombay HC

Staff not liable if employer under IBC fails to deposit TDS: Bombay HC

New Delhi: The Bombay High Court on Wednesday ruled that employees are not liable for deposit of tax deducted at source (TDS) if the employer of a company undergoing resolution under Insolvency and Bankruptcy Code fails to do so. The order comes as a relief to employees of companies such as Byju’s who had received … Read more

‘Business as usual’: TCS to stop tracking work from office numbers soon

‘Business as usual’: TCS to stop tracking work from office numbers soon

Milind Lakkad, EVP and Chief Human Resources Officer (CHRO) at Tata Consultancy Services. File | Photo Credit: PTI Tata Consultancy Services, India’s largest IT services exporter, has reached pre-pandemic levels on the percentage of employees working from offices, a top official has said. Admitting that it took longer than expected, the Tata Group company’s chief … Read more

2 days after postponing NEET-PG, health ministry reviews exam process | Education News

2 days after postponing NEET-PG, health ministry reviews exam process | Education News

The Monday meeting was held to check the “robustness” of the system. (Photo: X @@MoHFW_INDIA) 2 min read Last Updated : Jun 24 2024 | 9:26 PM IST Top officials from the Union health ministry on Monday reviewed the process of the NEET-PG exam, two days after the entrance examination to postgraduate medical courses … Read more

TCS launches GenAI platform for firms to adopt next-gen tech at scale

TCS launches GenAI platform for firms to adopt next-gen tech at scale

New Delhi: Tata Consultancy Services (TCS) on Friday launched ‘AI WisdomNext’, a platform that aggregates multiple Generative Artificial Intelligence (GenAI) services into a single interface and enables organisations to rapidly adopt next-gen technologies at scale, lower costs and within regulatory frameworks. According to the company, the platform is designed to remove barriers for customers to … Read more

IIT-Bombay, TCS to build India’s first Quantum Diamond Microchip Imager

IIT-Bombay, TCS to build India’s first Quantum Diamond Microchip Imager

With its advanced capabilities to identify chip defects, the Quantum Diamond Microchip Imager is a leap forward in semiconductor imaging. Representational | Photo Credit: Reuters The Indian Institute of Technology Bombay (IIT-Bombay) has entered a strategic partnership with Tata Consultancy Services (TCS) to develop India’s first Quantum Diamond Microchip Imager. This advanced sensing tool will hold the … Read more

‘India mid-tier IT firms gain share from industry goliaths’

‘India mid-tier IT firms gain share from industry goliaths’

Mid-tier IT firms tend to focus on short-term deals aimed at helping clients cut costs rather than chase large-scale projects. Representational | Photo Credit: REUTERS Mid-tier firms in India’s $254 billion IT sector took market share from industry goliaths in recent quarters as clients curtailed discretionary spending amid inflationary pressures and economic uncertainty, analysts said. … Read more

Market capitalisation of 7 of top-10 most-valued firms erode by Rs 1.16 lakh cr; HDFC Bank biggest laggard

Market capitalisation of 7 of top-10 most-valued firms erode by Rs 1.16 lakh cr; HDFC Bank biggest laggard

Pedestrians walk past the Bombay Stock Exchange (BSE) building, in Mumbai | Photo Credit: PTI The combined market valuation of seven of the top-10 most-valued firms eroded by ₹1.16 lakh crore last week, with HDFC Bank emerging as the biggest laggard. In the holiday-shortened week, the BSE benchmark fell by 982.56 points or 1.37 per … Read more