Industry sources said the lay-off may be part of the deal that Nokia has signed with TCS and HCL Technologies earlier this year.
In tougher times, there seems to be an overwhelming focus on managing the large or anchor clients.
Infy's cash utilisation may play role in whether valuation gap too narrows
TCS will manage 'Question Creation Wizard' to frame question papers unique to each candidate with the same level of difficulty.
The company has been able to help clients to transform their business and beat cost during the slowdown.
In the quarter ended June 30, the company posted 15.7 per cent growth in net profit at Rs 3,831 crore (Rs 38.31 billion) when compared with the corresponding quarter last year. Revenue rose 21 per cent to Rs 17,987 crore (Rs 179.87 billion).
In its report 'Global Top Picks', Barclays expects the current bull market in global equities to continue, generating a total return of 9 per cent in 2015.
The group's major investments in Bengal are from Tata Metaliks, Tata Consultancy Services, Indian Hotels and Tata Hitachi.
India's Rs 6 lakh crore-plus information technology (IT) industry is back on its high-growth path - led by Tata Consultancy Services (TCS), which is ahead of other large firms in top-line numbers for the second quarter.
The IT co has over 2,500 employees catering to a strong client base in the country
TCS posts one of the highest volume growth and best margin performance.
Market experts believe TCS to post better quarterly earnings vis-a-vis Infosys.
The company's revenue rose 29.87 per cent to Rs 81,809 crore.
With a market cap of $60 billion, exceeds Accenture and HP but trails IBM
Since a week ago, better-than-expected results from Infosys Limited, Tata Consultancy Services Limited and HCL Technologies Limited sparked a 13 per cent rally in the sector subindex that grinded to a halt on Friday.
TCS, HDFC Bank, Infosys and Kotak Mahindra Bank were the other firms in the top-10 list which witnessed a rise in their market capitalisation. On the other hand, HUL, HDFC, Bharti Airtel, ITC and ICICI Bank finished with losses.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
TCS expects the October-December quarter volumes to be lower due to lesser working days.
The Mumbai-headquartered company, however, said it would selectively hire experienced employees from outside.
M&B is partnering with TCS to streamline the management of its HR and Payroll operations.
Besides Florida and Louisiana, the Houston Consulate provides service to Indian community and businesses in Alabama, Arkansas, Georgia, Kansas, Mississippi, Oklahoma and Texas states.
With high inflation and low growth plaguing the economy, the results' season has turned important.
Company has agreed to pay Rs 160 cr to settle a lawsuit filed by two former employees over unpaid wages.
The 50-issue index regained the 7,800-level for the second time this month by surging 41.35 points, or 0.53 per cent, to trade at an all-time high of 7,809.20, surpassing its previous intra-day high of 7,808.85 touched on July 8.
Volume growth and performance of the banking, financial services and insurance (BFSI) division will be a key aspect as the Indian information technology services sector draws closer to announce its first quarter results for 2012-13.
"We are seeing an uptick. There is a lot more clarity and certainty about projects and decision cycles. I'm quite positive and companies are wanting to adopt technologies and are making decisions," TCS chief executive officer and managing director N Chandrasekaran said on the sidelines of World Economic Forum on India in Gurgaon.
It also retained its position among the 'Big 4' most valuable IT services brand worldwide -- in the ranking carried out by Brand Finance, the world leading brand valuation firm.
The settlement is subject to fairness review and approval by the court.
The complaint was filed by non-US employees Gopi Vedachalam and Kangana Beri, who were sent from India to the US to work on projects.
The facility will cater to govt services that require Inpact Level 3 security.
Although the number of resignations came down at Cognizant in April and continued to slow in May, the impact of attrition would play out in the second quarter also because of the longer notice period in India.
TCS is said to have bagged a multi-million pound contract to support the disclosure and barring services for the Criminal Records Bureau of the UK.
There are some companies that provide just about everything.
TCS has got a special recognition for its initiative to the lift of one million people in the inner part of India, by reaching out to the educated among the backward community and training them as well as making them economically-active through employment, TCS' Singapore-based President Vish Iyer told PTI on Monday.
Tata Consultancy Services, India's number one information technology services company, could overtake Infosys to become the most profitable one for the first time on a full-year basis in 2012-13.
It had announced slashing of up to 10,000 jobs globally by the end of 2013.
The company is racing ahead of its peers even as other sectoral players feel the slowdown heat.
The pilot project would begin from South 24 Parganas district and be gradually extended to all other 18 districts of the state, Panchayat and Rural development minister Subrata Mukherjee said.
Find out why Tata Sons pledged 11 million shares in Tata Motors, 10 million in Tata Steel and and 15 million in Tata Consultancy Services with Centralbank Financial Services Ltd.
The quantum of hiring is likely to remain the same as that of the past financial year.
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