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 combined market valuation of five of the top-10 most-valued firms tumbled Rs 1,85,952.31 crore last week.
The company's consolidated revenue increased 5.6 per cent to Rs 63,973 crore during the quarter.
IT services major Tata Consultancy Services (TCS) on Thursday reported a drop in its employee headcount by 5,370 in the third quarter this fiscal (Q3 FY25), which is a reversal after two consecutive quarters of headcount growth.
The stock of Reliance Industries Limited (RIL), India's largest company by market capitalisation, has slipped by 23 per cent from its highest level in July this year.
This was in line with a bearish trend in equities, where Tata Consultancy Services (TCS) and Reliance Industries faced the sharpest erosion.
