Despite the cancellation, the analyst call will proceed as planned. Investors will receive detailed insights into TCS’s financial performance and management commentary during the call. The cancellation is not expected to affect investor relations significantly.

TCS’s Q2 results are closely watched amid the H-1B visa fee hike and global IT demand trends. Analysts will focus on recovery in discretionary spending, particularly from the US and Europe. Challenges in specialised staffing and cautious client expenditure will also be key discussion points.

Earlier, TCS announced layoffs of 12,200 employees, about 2 per cent of its 6.13 lakh-strong workforce. The company said the move is aimed at making TCS agile and future-ready. Severance packages, extended insurance, notice period pay, and placement support are being offered to affected employees.

The post TCS Cancels Press Meet, Analyst Call On appeared first on India Podcast.

• State Bank of India and Bharti Airtel were the biggest gainers. SBI’s market value jumped by Rs 35,953.25 crore, reaching Rs 7,95,910 crore.
• Bharti Airtel’s valuation increased by Rs 33,214.77 crore to Rs 11,18,952.64 crore, reflecting strong investor sentiment.
• Tata Consultancy Services (TCS) added Rs 12,952.75 crore, pushing its market cap to Rs 11,46,879.47 crore.
• LIC rose by Rs 12,460.25 crore to Rs 5,65,612.92 crore, while Infosys gained Rs 6,127.73 crore, reaching Rs 6,39,901.03 crore.
• HDFC Bank saw a small increase of Rs 230.31 crore, standing at Rs 14,84,816.26 crore.

On the other hand, ICICI Bank’s valuation fell by Rs 10,707.87 crore to Rs 10,01,654.46 crore. Bajaj Finance lost Rs 6,346.93 crore, and Hindustan Unilever declined by Rs 5,039.87 crore. By week-end, the most valued companies were HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, Bajaj Finance, Hindustan Unilever, and LIC. Last week, top firms had gained Rs 1,06,250.95 crore, with Bajaj Finance being the major gainer, showing the BSE’s continued upward trend.

The post Top Indian Firms Gain Rs 1.18 Lakh Crore appeared first on India Podcast.

The union said that many workers, including senior staff, were asked to resign without proper reasons. Some employees were told they had “performance issues.” The union argued that this was only an excuse used to remove staff. Protesters claimed the layoffs were unfair since TCS and other IT companies are still making profits and taking on new projects.

Union leaders urged the state government and labour authorities to act quickly. They said IT companies must follow labour laws just like other industries.

Employees who joined the protest expressed fear about their future. They said sudden job loss brings financial stress to families and leaves workers uncertain about their careers. The union also demanded a proper system where employees can challenge unfair dismissals.

The protest highlights the growing concerns of IT workers in India. It shows their struggle for job security and workplace rights.

The post TCS Layoffs Trigger Protest by IT Employees’ Union in Chennai appeared first on India Podcast.