Daily Headlinez Top News Updates
MUMBAI: A tech sell-off on Dalal Street on Wednesday—that came on the back of Anthropic’s launch of a new AI-led app that could potentially challenge existing business models of Indian software exporters—wiped off about Rs 1.75 lakh crore worth of market value. The sharp slide in sector leaders like TCS, Infosys and Wipro, also left…
The sell-off in IT stocks was triggered by an announcement from US-based AI startup Anthropic. (AI image) IT stocks crash! Shares of Indian IT majors Infosys, Wipro, HCL Tech, Tata Consultancy Services (TCS), and Persistent Systems tanked in opening trade on Wednesday, dragging Sensex down by over 100 points. The decline was due to concerns…
India Budget 2026-27: NRI Investment, Property, Remittance Changes for UAE Residents As India’s Union Budget 2026–27 was unveiled on February 01, 2026, NRIs including millions living in the UAE found a mix of relief, opportunities and compliance changes that could reshape how they invest, remit money, sell property and engage with the Indian economy. Read…
BENGALURU : The implementation of the new labour code has led to significant one-time charges across India’s top IT companies, reflecting increased gratuity and leave liabilities. TCS took the largest hit at Rs 2,128 crore, followed by Infosys at Rs 1,289 crore, HCLTech at Rs 956 crore, Wipro at Rs 302 crore, and Tech Mahindra…
Indian equity markets are set for an event-heavy week ahead, with investors closely tracking the onset of the December quarter earnings season, key domestic and global inflation data, and developments on the global macro and geopolitical front, analysts said, PTI reported.Quarterly results from several heavyweight companies across information technology, banking, financial services and energy sectors,…
BENGALURU: TCS has put on hold the final anniversary appraisals for some employees due to work-from-office (WFO) non-compliance in previous quarters. TCS’s final anniversary appraisal process follows an annual cycle after the completion of an employee’s work anniversary. An anniversary (one-year completion) email is sent to eligible freshers, and the update is also reflected on…
Wipro will continue to allow for temporary remote working, but the allowable number of such days has been reduced to 12 from 15 in a calendar year. IT services giant Wipro has tweaked its work from office policy, putting in more stringent checks for employees. The new rules require employees to stay in the office…
The proposed $100,000 fee for fresh H-1B workers by Trump could severely impact IT outsourcing and staffing sectors. (AI image) US President Donald Trump’s crackdown on immigration and H-1B visas will hit Indian IT firms, particularly Tata Consultancy Services (TCS) and Infosys, analysis suggests. According to a Bloomberg News study, the impact would be particularly…
BENGALURU: TCS has set its data centre plan in motion. It has secured $1 billion (Rs 8,820 crore) from private equity giant TPG to power its AI data centre strategy in India. The funding aligns with its goal of emerging as the largest AI-led technology services firm. As part of this plan, TCS will work…
Tata Consultancy Services BENGALURU: TCS said that a report published in The Telegraph on Sunday, which claimed that Marks & Spencer did not renew its ‘$1-billion’ contract with the IT firm to manage its technology helpdesk, is “misleading”. “The report published by The Telegraph is misleading, with factual inaccuracies including the size of the contract…
