Bengaluru : Macroeconomic uncertainty, inspired by US President Donald Trump to implement mutual tariffs, when the owners of three of India’s four biggest information technology (IT) services spoke about their full-year earnings in the last two weeks. Although US President Donald Trump has suspended all mutual tariffs for three months until India manages to secure … Read more
New Delhi: The Tata Consultancy Services (TCS), under the scanner of the US Equal Employment Opportunities Commission on discrimination against American workers, stated that “qualified and misleading”. Bloomberg Reported that the allegations were leveled by former employees, massively from non-south Asian dynasty and over 40 years of age. Complaints since 2023 claimed that these workers … Read more
New Delhi, TCS’s April 11 (PTI) shares ended on a flat note on Friday, when the country’s largest IT services firm recorded a decline of 1.7 percent in the net profit of the March quarter. Despite a positive start, the company’s shares faced unstable trends on the stock exchanges. At one point, the stock climbed … Read more
On 2 April, US President Donald Trump imposed several tariffs on imports of several countries, triggering concerns of tariff war worldwide. The analysts are worried that the world is on the verge of a recession. Any recession is bad news for IT service companies because when Fortune 500 companies hold their expenses back, the revenue … Read more
Two years after arresting a revenue decline, Cognizant Technology Solutions Corp. aims for revenue growth that would place it amongst the world’s top four IT services companies, including Accenture Plc, Tata Consultancy Services Ltd, Capgemini SE, and Infosys Ltd, by FY27. On Tuesday, as part of its annual investor meeting, Cognizant shared a four-point strategy … Read more
Indian IT firms in 2024 had secured one-fifth of the total H-1B visas issued by the United States, according to data published by the US Citizenship and Immigration Services (USCIS). I-T giants like Infosys, Tata Consultancy Services, HCL, Wipro, Tech Mahindra were among the top beneficiaries. Jeff Bezos’ Amazon remained the highest receiver of H-1B … Read more
The early alert, coming in the backdrop of disappointing quarterly earnings in the second quarter (December-February) of the world’s biggest information technology (IT) services company, signals possible tough times ahead for both global as well as the Indian IT industry. Accenture follows a September-August financial calendar. “In recent weeks, we are seeing an elevated level … Read more
The country’s top five software services companies, including Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd, Wipro Ltd, and Tech Mahindra Ltd, dropped as much as 1.99%, 4.28%, 1.91%, 3.44%, and 2.8%, respectively, on Wednesday’s close. This selloff erased ₹75,414 crore from the market cap of the top five companies in the sector alone. … Read more
Tata Consultancy Services (TCS) announced a new collaboration with Salesforce on Thursday, February 20, to help customers in the manufacturing and semiconductor industries drive value from artificial intelligence (AI). As part of this collaboration, TCS launched three initiatives. These include Semiconductor Sales Accelerator, which increases sales with data-driven insights; Seller for the Future, which provides … Read more
A whistleblower ex-employee from Tata Consultancy Services (TCS) has alleged that the Indian IT major was “gaming the system” and committing “visa fraud” to bypass United States labour laws and H-1B visa rules, Bloomberg reported. Anil Kini, who was an IT manager at TCS’ Denver office has alleged that he was ordered to falsify internal … Read more
The Netherlands’ flag carrier KLM will expand its operations in India by starting flights to Hyderabad in September, president and CEO Marjan Rintel said in an interview to Mint. The airline will deploy Boeing 777s on the Amsterdam-Hyderabad route, its fourth connection to India. Rintel also said she was impressed by the growth of India’s … Read more
2025-01-26 18:26:00 : —Lemony Snicket 9 March 2006. Arsenal Stadium, Highbury, north London. The home crowd erupted in ecstasy as the referee blew the full-time whistle. The 30,000-odd Arsenal supporters, as well as millions of football fans across the world, had just witnessed an astounding denouement in global football. The mighty Real Madrid had been … Read more