Benchmark indices Sensex and Nifty closed slightly lower on Thursday due to profit-taking in heavyweight stocks ahead of the announcement of key financial results for the June quarter. The indices saw a rangebound session, with both experiencing early highs before retreating.
TCS is set to implement salary hikes for its employees, with Indian staff expecting a 7-8% increase and international workers anticipating a 2-4% raise. Exceptional performers may see a rise of 12–15%.
Interestingly, if the employee leaves the job within six months the amount becomes recoverable. The move is a testament to the company's urgent need to hire senior-level employees.
Reliance Group holds the second position at Rs 21.60 lakh crore, followed by the Adani Group in third place with a total market value of Rs 15.54 lakh crore.
The stock rose by 4.21 per cent to Rs 3,893.70 on the BSE and 4.24 per cent to Rs 3,894 per share on the NSE. The company's revenue rose by 4 per cent to Rs 60,583 crore, with strong double-digit growth in emerging markets for the third quarter.
The board of the IT services company has also approved a dividend of Rs 27 per share, including a special dividend of Rs 18 for the financial year 2023-2024.
This comes at a time when Reliance Jio and Bharti Airtel are ramping up their infrastructure of 5G technology across the country.
TCS chief HR said that the company hired over 2 lakh people including 1.19 lakh trainees in the past one year.
Employment: Tata Consultancy Services has announced hiring over 1.25 lakh staff in the Financial year 2024 after a marginal decline in staff.
Reliance Industries continued to remain the most valued firm in the ranking of top 10 firms by market capitalisation.
Under the agreement, TCS will redesign Nokia's human capital management processes and deploy a new cloud-based platform to drive simplification for a better employee experience.
TCS Share Price, TCS Dividend Ex Date 2022: TCS has fixed June 12 as the dividend payment date of Rs 22 per equity share.
TCS buyback offer will open on March 9 and the window will close on March 23 at 5 pm, according to a statement issued by the company.
TCS has requested employees to plan to get back to their deputed location by November 15.
The 2021 TCS CodeVita competition invited college students from around the world to pit their programming skills against each other to be ranked among the top student programmers globally.
TCS dividend: Tata Consultancy Services has announced a final dividend of Rs 15 per equity share.
Tata Consultancy Services (TCS) has reported a 14.9 per cent rise in consolidated net profit to Rs 9,246 crore for the March 2021 quarter.
The average increment band for offshore employees is expected to be 6-7 per cent as per norms, sources said.
Shares of Tata Consultancy Services on Monday gained over 3 per cent after the company reported a 7.2 per cent jump in December quarter net on a consolidated basis.
Faqir Chand Kohli, the founder and first CEO of Tata Consultancy Services (TCS), died on Thursday. Popularly called the father of the Indian IT industry, Kohli breathed his last at the age of 96.
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