The benchmark Sensex plummeted 813 points to a three-month low, with the Nifty settling below 23,450, as escalating tensions in West Asia drove crude oil prices above USD 100 per barrel, leading to widespread selling in IT, FMCG, financial services, and oil & gas shares.
A Nashik court has remanded Nida Khan, an employee of Tata Consultancy Services (TCS), in police custody until May 11 in connection with a sexual harassment and religious coercion case. The police are investigating allegations of forced religious conversion and potential links to other conversion rackets.
Indian IT companies are experiencing a growing trend towards outcome-based pricing models, moving away from traditional time and material or fixed-price contracts, as artificial intelligence reshapes client engagement and deal structures.
Cybersecurity specialists warn AI-driven attacks require continuous threat monitoring instead of periodic security checks.
N Chandrasekaran not only faces muted financial performance from the group's listed companies, but also mounting losses at Tata Sons' unlisted subsidiaries, many of which have been set up by him in the last decade.
The National Commission for Women (NCW) has submitted a fact-finding report to the Maharashtra government, revealing pervasive sexual harassment, systemic bullying, and zero compliance with the POSH Act at the Nashik unit of Tata Consultancy Services (TCS). The report details a toxic workplace environment and recommends strict action and compliance with the POSH Act.
These offers provide some relief to engineering students impacted by the uptake in artificial intelligence (AI) tools.
In the next 36 months nearly 25 to 40 per cent of jobs will be under threat from AI and job losses are inevitable.
The National Commission for Women (NCW) has directed Tata Consultancy Services (TCS) to establish separate internal committees in all its 127 units with 10 or more employees within four weeks to strengthen compliance with the Prevention of Sexual Harassment (PoSH) Act, following concerns raised in the TCS Nashik case.
A Nashik court has remanded Nida Khan, an accused in the Tata Consultancy Services (TCS) sexual harassment and religious coercion case, in police custody until May 11. Khan, a TCS employee, was arrested after being on the run since the case emerged.
Indian benchmark equity indices, Sensex and Nifty, rebounded after a two-day losing streak, driven by strong buying in blue-chip IT stocks and positive global market cues, with the Sensex climbing 330.92 points.
Tata Group stocks experienced a significant decline, with TCS falling nearly 6 per cent, after Tata Sons Chairman N Chandrasekaran announced he would not seek reappointment when his current term concludes on February 20, 2027.
Nida Khan, a TCS employee accused of religious conversion and sexual harassment, has been arrested in Chhatrapati Sambhajinagar. Police allege an AIMIM corporator provided her shelter. The arrest has sparked political reactions and renewed focus on workplace harassment prevention.
The videos were shown so that the woman could learn about Islam, she said in her statement, which is part of the chargesheet submitted in a Nashik court last week.
Police are searching for a TCS employee, Nida Khan, in connection with alleged forced conversions at the company's Nashik unit. This follows allegations of sexual harassment and religious coercion at the TCS facility, where several arrests have already been made.
Tata Consultancy Services' (TCS) annual dividend payout declined to a four-year low of approximately 39,820 crore in FY26, marking its steepest decline in a decade and potentially adversely affecting Tata Sons' finances, which heavily rely on TCS's dividend income.
Police are searching for a TCS employee, Nida Khan, in connection with alleged forcible conversion at the company's Nashik unit. This follows the arrest of eight individuals in related sexual harassment cases. Khan's anticipatory bail plea was adjourned, and police are actively seeking her arrest.
A female employee of TCS in Nashik, accused of religious conversion and sexual harassment of women colleagues, has applied for anticipatory bail, citing her pregnancy. Police are investigating the allegations, and TCS has launched an internal probe.
A court in Nashik has extended the police custody of four TCS employees until May 2 in connection with the alleged religious conversion of a male colleague. The accused are also facing accusations of sexual harassment from female colleagues.
Mahindra Racing's pursuit of a third-place finish in the Formula E Teams' championship was hampered after a challenging penultimate race in London. Despite Edoardo Mortara's impressive recovery from 18th to seventh, Nyck De Vries struggled, leaving Mahindra 13 points behind Andretti heading into the season finale. Poor qualifying performance due to tyre issues was cited as a key factor. The Drivers' Championship remains open for three contenders, while Jaguar TCS leads the Teams' standings.
Nida Khan, an accused in the Nashik TCS sexual harassment and religious coercion case, has been arrested in Chhatrapati Sambhajinagar. She is accused of targeting employees in a WhatsApp group, pressuring them to pray and eat non-vegetarian food, and advising women employees to adhere to Islamic traditions.
Indian benchmark equity indices, Sensex and Nifty, extended their decline for a second consecutive day, primarily due to elevated crude oil prices and selling pressure on Tata Group stocks following Tata Sons Chairman N Chandrasekaran's announcement that he will not seek reappointment.
The HR manager at TCS Nashik is under investigation for allegedly suppressing complaints and shielding the accused in a harassment case involving multiple employees.
Maharashtra minister Sanjay Shirsat has called for a police investigation into the alleged involvement of AIMIM and its ex-MP Imtiaz Jaleel in the Nashik TCS case, following the arrest of accused Nida Khan. Shirsat alleges AIMIM is encouraging religious conversions and that Khan is part of a larger network.
TCS has denied receiving any complaints of religious conversion or sexual misconduct at its Nashik unit through its internal channels, amid a police probe into the allegations. The company has announced an oversight panel and engaged external entities in its internal investigation.
A Nashik court has remanded Nida Khan, accused in a TCS sexual harassment and forced conversion case, to judicial custody until May 24. Khan was arrested on May 7 and faces charges under the Bharatiya Nyaya Sanhita and the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act.
A Nashik court has denied bail to a TCS site head, Ashwini Chainani, in a sexual harassment and conversion case, citing her failure to act on the victim's complaints. The court also rejected bail for other accused individuals in the case.
A TCS employee accused of religious conversion and sexual harassment in Nashik has applied for anticipatory bail, as police continue to investigate the alleged misconduct at the IT firm.
Nasscom said while the visa programme has been used by companies to address the skill gap in the US by bringing in foreign employees, the number of H-1B employees from Indian companies have come down substantially over the last decade.
An AIMIM corporator allegedly harboured Nida Khan, an accused in the alleged sexual harassment and religious coercion case at TCS, and her family in Chhatrapati Sambhajinagar, the police said on Friday.
A local court in Nashik has denied interim protection from arrest to a TCS employee, Danish Shaikh, in a case related to alleged sexual harassment and forcible conversion at the company's local unit. The court cited serious criminal antecedents against the accused and the wide social repercussions of the alleged offence.
The search for N Chandrasekaran's successor as Tata Sons Chairman has reportedly narrowed to Tata Steel CEO T V Narendran, Tata Sons Executive Director Saurabh Agrawal, and NSE MD & CEO Ashish Chauhan, with Chauhan emerging as a potential 'dark horse' candidate.
A court in Nashik has declined to grant interim protection from arrest to Nida Khan, a key accused in the sexual harassment and religious coercion probe at a Tata Consultancy Services unit. The court has directed the Nashik Police and the complainant to file their formal responses to her anticipatory bail application.
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A Nashik court denied pre-arrest bail to a TCS employee accused of sexual harassment and forcible conversion, citing a 'systematic plan' to brainwash the victim and send her to Malaysia. The court emphasised the need for custodial interrogation to uncover the root of the case, highlighting the multi-dimensional nature of the alleged offence.
Tata Consultancy Services (TCS) has announced annual salary hikes effective April 1, with top performers receiving double-digit increases, while also renewing its multi-year strategic partnership with UK retailer Marks & Spencer (M&S) to support its omnichannel and data-driven transformation with AI.
Indian benchmark indices, Sensex and Nifty, saw declines in early trade, influenced by rising crude oil prices and ongoing geopolitical tensions in West Asia. Experts suggest that crude oil remains a primary concern, with Brent holding near USD 88 a barrel due to renewed US warnings against Iran, embedding a geopolitical risk premium in energy markets. Track Sensex, Nifty
An accused in the TCS Nashik sexual harassment case has filed for bail, claiming the complaint arose from the victim's frustration over unrequited feelings or parental pressure. He denies making remarks that hurt religious sentiments.
The Chhatrapati Sambhajinagar Municipal Corporation demolished alleged illegal constructions at the residence and other properties of AIMIM corporator Matin Patel, who is accused of harbouring Nida Khan, wanted in connection with a TCS case.
'Hiring within IT services firms is going to be very specialised.'
