Leading Indian information technology companies took a hit of nearly Rs 5,600 crore to their bottom line in the third quarter of the current financial year due to implementation of new labour codes ...

India’s new labour codes eroded the profits of India’s five largest information technology (IT) services companies in the December quarter as they recorded ₹4,645 crore ($500 million) in upfront costs ...

India’s new labour codes, implemented in late 2025, forced TCS, Infosys, and HCLTech to absorb over ₹4,000 crore in one‑time charges during Q3 FY26, sharply denting profits. These costs stemmed from ...

Tata Consultancy Services (TCS) reported a 14% year-on-year drop in net profit to Rs 10,657 crore for the quarter ended December 2025 due to the one-time exceptional charges related to severance ...

BENGALURU: India’s top IT services firms kicked off the earnings season of the October-December quarter on a stronger-than-expected note, even as new wage norms pushed up costs and raised concerns ...

Even as revenue growth showed a gradual recovery for two of the country’s large information technology companies in the October-December quarter, one-off provisions linked to the new labour code ...

The IT firm reported a one-time statutory impact of Rs 2,128 crore as a result of the new labour code. The impact primarily stemmed from changes in the definition of wages under the new framework, ...

Tata Consultancy Services Ltd (TCS) for the third quarter ended December 31, 2025, reported 14% drop in net profit to ₹10,720 crore from ₹12,444 crore a year ago due to impact of new labour codes ...

The country’s largest IT services company TCS on Monday reported 13.91 per cent decline in December quarter net profit at Rs 10,657 crore, hit by one-time impact of the implementation of new labour ...

TCS had announced to lay off around 12,000 people earlier in the year as part of a restructuring exercise. It reported a reduction of 19,755 in the overall staff in September quarter, but hinted that ...

Tata Consultancy Services Ltd. (TCS), Tata Group's largest company and India's largest IT services provider, reported results after market hours on Monday, January 12, which were in-line with what the ...

Tata Consultancy Services (TCS) reported a mixed set of results for the December quarter, with revenue beating expectations but profit taking a hit due to one-off charges. Consolidated revenue rose ...