tcs

It's been exactly a year since Rajeev Misra stepped back as the top boss of Japanese multi-billion dollar conglomerate SoftBank’s tech-focussed Vision Fund. ETtech’s Samidha Sharma and Digbijay Mishra caught up with Misra to talk about his new fund One IM. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ ZestMoney gets funding lifeline■ Groww launches UPI-based Groww Pay■ Big IT battles deal rampdowns Rajeev Misra’s $7 biliion fund eyes more India play post Shapoorji Pallonji deal debut Hi,…

If you're a fresh engineering graduate and looking for job opportunities in the IT industry, then TCS NQT might be a golden chance for you. TCS NQT 2023 is a renowned recruitment drive conducted by Tata Consultancy Services (TCS) for entry-level positions in the IT industry.Last date to register for this exam is 4th July and the exam will be held 15th July onwards. If you're eager to kick-start your career and want to participate in TCS NQT, this step-by-step guide will assist you in registering and preparing for the…

Industry analysts and brokerages have forecast revenues of most companies to either stay flat or decline in the first quarter of FY24. In a note to investors on 29 June, ICICI Securities projected Tata Consultancy Services (TCS), the country’s top IT services company, to post a dollar revenue increase of 0.2% in constant currency on a sequential basis. Infosys, the second-largest, is projected to grow 0.8%. While HCL Technologies’ revenue is forecast to remain flat, Wipro and Tech…

Hi, this is Pratik Bhakta in Bengaluru. If you think that the edtech sector is the big bubble that is bursting right now, add one more to that list. The cryptocurrency ecosystem seems to be dying a slow death too. At least in India.If declining trading volumes (more than 90% last year) because of the tax imposed by the union government was a major indicator of the evaporation of interest, the hardening stance of the banking regulator has chased away demand farther.By calling out the widespread adoption of private…

Image Source : INDIA TV Last chance to link PAN and Aadhaar before midnight or face consequences This is your last chance to link your PAN CARD and Aadhaar tonight - before midnight or you will have to face some really upsetting consequences Today is the final day to link your PAN card and Aadhaar card. The government has made it mandatory to link these two…

N Chandrasekaran, Tata Sons chairperson, informed shareholders during the TCS Annual General Meeting (AGM) that the company has sacked six employees and banned as many staffing firms after allegations by a whistleblower surfaced a recruitment scam. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ Monetisation a hurdle for direct MF platforms■ Byju Raveendran tells staff his commitment to company is unwavering■ Top 4 IT firms see subcontracting costs jump 60%Jobs scam | TCS sacks six employees, as…

Subcontracting costs incurred by India's top four IT firms have risen nearly 60% in the last two years, fuelled by heightened attrition and digital upsurge that the sector witnessed after the pandemic.Outsourcing cost of Tata Consultancy Services, Infosys, Wipro and HCLTech increased to more than Rs 62,939 crore ($7.6 billion) for the year ended March 31, 2023, compared with Rs 39,368 crore ($4.8 billion) in fiscal 2021, according to data compiled by specialist staffing firm Xpheno.A sharp increase in the hiring of…

After a long time, it was Christmas at Byju’s as a US court rejected a plea by its Term Loan B (TLB) lenders to probe a $500-million transfer from the firm’s US-based subsidiary to other entities. Further, Byju’s claimed it had fully paid the provident fund dues of its employees, quelling media reports that alleged it was withholding PF monies. This and more in today’s ETtech Morning Dispatch. Also in this letter:■ NPCI shutters unregulated co-branding deals of PPIs■ TCS clarifies about jobs scandal■ Prosus reports 80%…

India's largest IT services company Tata Consultancy Services (TCS) has reportedly officially written to all its board members to inform and clarify about allegations of a recruitment scandal. The same has been reported by Economic Times, quoting one of its directors of the company, speaking off the record. The clarification comes are a report in a business daily claiming hiring fraud at the company. The company is said to have written to all the directors and told them what is happening.Claims made are "ridiculously…

Tata Consultancy Services has officially written to all its board members to inform and clarify about allegations of a recruitment scandal at the country's largest software services firm, one of its directors told ET.The person said "while the investigation is still ongoing and the final report is still awaited", initial reading suggests that subcontractors are a very small percentage of the overall workforce of TCS and the claims are "ridiculously exaggerated"."This is not an issue related to hiring of employees of TCS,…