Tag: TCS
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TCS Rolls Out Salary Hikes, Takes 200-bps Impact on Operating Margin
[ad_1] New Delhi: Tata Consultancy Services (TCS), India’s largest software services exporter, has announced a salary hike despite reports of pay deferrals at competitor Infosys. TCS expects the increase to result in a 200-basis-point impact on its operating margin, which currently stands at 23.2%. However, the company anticipates offsetting this impact through enhanced efficiencies. TCS…
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TCS cracks whip against 6 staffers in bribery case
[ad_1] Tata Consultancy Services (TCS) has banned six employees and six staffing firms, while three more employees are under scanner after whistleblowers blew the lid off a bribe-for-jobs scam. However, the Tata group company is unable to quantify the favours the employees got. “We found six employees who did not follow the ethical conduct and…
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No TCS on credit card spends overseas, says Ministry of Finance
[ad_1] The Ministry of Finance on Wednesday night extended the deadline for the implementation of a new rule that mandated 20 per cent tax collected at source (TCS) on foreign remittances. The increase in the TCS rate from 5 per cent, which was set to kick in on July 1, would now be effective…