The other prominent gainers were Tech Mahindra, HCL Technologies, Wipro, State Bank of India and Larsen & Toubro. Bajaj Finserv, Power Grid, UltraTech Cement and HDFC Bank were among the laggards.
The challenge before TCS is to be totally at home with the IPR regime of developed economies.
HR experts estimate that up to 70 per cent companies in the manufacturing and services space including sectors like auto components, edutech and construction equipment are looking to restore the salary cuts over the next couple of months.
'Students of Tier-II and Tier III engineering colleges in the south may find 2023 to be one of the toughest years for getting jobs.'
The pace of job generation has slowed as IT firms look at automation to do testing
'Those who want stability in life have started looking at opportunities outside of the start-up ecosystem.'
'It is a sign of a bigger problem which is coming in the next six months.'
Headhunters and industry veterans reckon that as the job market opens up, the demand for non-engineering and other non-technical students is expected to be more than that was seen in the previous years.
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
First sequential decline in a decade as 8 of top 15 software firms report drop in manpower
'Lakhs of engineers graduate every year in India and the IT industry used to be the primary recruiter. That is going to end.'
Indirect emissions account for a major chunk of emissions by Indian IT firms. Business travel and commutation, together, are a key reason for it. If travel and daily commuting go down, so does carbon emissions.
One should appreciate the sagacity and audacity of JRD and Nani Palkhivala in founding TCS on April 1, 1968. At that time there was no Microsoft or Intel, SAP or Accenture, much less Google.
They needed a person who could build and execute their vision: A frontiersman; a problem solver and an institution builder. It was their and India's good fortune that Faqir Chand Kohli more than measured up to their requirements and indeed laid the foundation to take TCS to unimaginable heights and to the giant success that it is today. Shivanand Kanavi salutes the incomparable F C Kohli, who passed into the ages last week.
From acquiring creative agencies, to setting up onsite innovation centres and turning around BFSI with entirely new digital offerings, 2018 had seen the IT industry going from initial lows to new highs.
The broader NSE Nifty sank 252.55 points, or 2.14 per cent, to 11,558.60.
With industry buckling under the impact of global meltdown, Indian IT outsourcing firms are adopting a 'zero tolerance' policy on fraudsters who have managed to get IT jobs using fake resumes.
Top gainers in the Sensex pack were TCS, Bharti Airtel, Infosys, Axis Bank, L&T, ITC, PowerGrid, HCL Tech and Tata Steel, ending up to 2.39 per cent.
Recently, when TCS laid off a handful of employees, prominent trade unions rushed to offer their support to workers who had lost their jobs.
The past few weeks have seen several hundred people let go of by IT services firms joining unions claiming to represent tech workers fighting for their rights.
Niraj Bhatt discovers how a CFO 'without a finance background' made it to the corner office at TCS.
Gains in realty, teck, IT, power, consumer durables, banking and oil & gas stocks helped both the key indices to score gains.
While TCS, Infosys and Cognizant have hinted at a weak quarter, analysts say the slowdown is cyclical and growth will return after the US elections
The Budget will obviously be crucial. But US President Donald Trump may have even more of an influence than Finance Minister Arun Jaitley when it comes to sentiment, argues Devangshu Datta.
Technology evolution forces private players to downsize operations.
While recruitment is falling, the capabilities needed to land an IT job are stiffening.
The higher rate cut by RBI is positive for rate-sensitive sectors in the medium to long term.
'When you don't have food to eat, will you be worried about the virus or the next meal?'
Out of the 30-share Sensex pack, 25 scrips ended with gains while 4 registered loss. Sun Pharma ended steady
The broader markets are trading inline with the larger peers with BSE Midcap and Smallcap indices up 1.5% each.
Did you know that India is among the top five countries in food processing?
Students will have more H1Bs to count on after they graduate.
RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
Cook is scheduled to meet top honchos of India Inc later during the day
S&P BSE Midcap shed 0.8% while S&P BSE Smallcap tumbled 0.6%
As part our series on dealing with the pink slip, we spoke to financial planner Sridhar Vetapalem on how to get your finances in order.
Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral free automatic loan for businesses, including MSMEs, to benefit 45 lakh small businesses. Detailing parts of the Rs 20 lakh crore economic stimulus package, she said this loan will have a 4-year tenure and will have 12-month moratorium, she said.
The 50-issue Nifty fell 29.60 points or 0.34 per cent to close at 8,642.55
Have you been fired from your job recently? Or do you fear it will happen soon? Here are a few tips on how you can survive a layoff, financially.
Stock specific action is seen with some of the prominent companies posting their quarterly numbers.
Benchmark share indices ended flat amid lack of investor participation even as gains in IT majors ahead of their second quarter earnings helped capped downside.
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