The SIT probing the Nashik TCS harassment case has widened its investigation after filing a detailed chargesheet and summoning AIMIM corporator Mateen Patel for questioning.
For more than two decades, India's information technology industry built something genuinely admirable: a world class services engine that became the back office of the global economy.
Nashik Police has detained Nida Khan in the TCS controversy as multiple FIRs, an SIT probe, and a government-appointed fact-finding committee continue investigating the allegations.
The combined market valuation of seven of the top-10 most-valued firms eroded by Rs 2 lakh crore last week.
The TCS Nashik office is being searched, and a team from the company's Delhi office has arrived to investigate the matter.
The company has attributed its Q3 FY26 PAT decline to a one-time charge related to the labour code and legal claims, along with restructuring expenses in a statement.
Last week, the combined market valuation of seven of the top-10 most valued firms declined by Rs 35,439.36 crore. State Bank of India took the biggest hit, in line with a muted trend in equities.
According to the filing, "The new TCS unit will support the growing demand for digital transformation in Bhutan and foster local talent by offering employment and training, enhancing the nation’s human capital growth."
A police officer said a large contingent of security forces, including the Tripura State Rifles (TSR) and Central Reserve Police Force (CRPF), was deployed, and senior officials were closely monitoring the situation.
The companies that built themselves on human power are now building themselves on intelligent machines. What that means for the workforce is profound.
