TCS SALARY HIKES ANNOUNCED
Bihar polls: Mahagathbandhan press conference today; Boards, posters with photos of Tejashwi Yadav put up at venue
The Mahagathbandhan is set to finalize its alliance for the upcoming Bihar elections. Tejashwi Yadav has pledged to make Jeevika Didis permanent government employees with increased salaries and financial benefits. The NDA has criticized these promises as lacking substance. The alliance aims to contest the elections unitedly, with a press conference scheduled to clarify the full situation.
Tejashwi Yadav vows govt jobs for Jeevika Didis
RJD leader Tejashwi Yadav has unveiled significant promises for Bihar's Jeevika Didis. These women, part of self-help groups, could become permanent government employees with a ₹30,000 monthly salary. Loan interest waivers and interest-free credit for two years are also proposed. An additional ₹2,000 allowance and ₹5 lakh insurance are part of the plan. Contractual workers will also be made permanent.
'No substance in their announcement,' BJP's Nityanand Rai criticises Tejashwi Yadav's promises to Jeevika Didis
Union Minister Nityanand Rai and Bihar Deputy CM Samrat Chaudhry have criticized RJD leader Tejashwi Yadav's recent announcements. Yadav promised permanent jobs, increased salaries, loan waivers, and insurance for Jeevika Didis if his alliance forms the government. Ministers dismissed these promises as false and aimed at creating confusion, attributing current benefits to Prime Minister Modi and Chief Minister Nitish Kumar.
Satya Nadella’s pay hits a record $96.5 million as Microsoft shares soar
Microsoft CEO Satya Nadella received a total pay package of 96.5 million for the 2025 financial year, according to a proxy filing by the company. This is a 22% hike from last year’s $79.1 million.
Bihar Elections: RJD's Tejashwi Yadav promises permanent jobs and Rs 30,000/month for 'Jeevika Didis'
RJD leader Tejashwi Yadav has pledged significant benefits for Jeevika CM (Community Mobilisers) Didis if his party forms the government. Promises include permanent status, a monthly salary of Rs 30,000, waived loan interest, interest-free credit for two years, an additional Rs 2,000 allowance, and Rs 5 lakh insurance coverage.
Bihar Polls: Tejashwi Yadav quashes Mahagathbandhan rift rumours, says 'all answers tomorrow'
Tejashwi Yadav dismissed Mahagathbandhan discord, promising unity and answers on Thursday. He unveiled welfare promises including permanent status for contractual employees and increased pay for Jeevika Didis. Yadav also launched women's empowerment schemes and criticized CM Nitish Kumar as "the most helpless CM."
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Tech majors keep count up despite one outlier
India’s top IT firms added just under 1,000 jobs in Q2FY26, a sharp slowdown driven by TCS’s major headcount cut. While TCS shed nearly 20,000 roles, others hired over 20,000, focusing on freshers and AI talent. Experts say the industry is reshaping teams to balance cost, skill and future tech needs.
On Diwali eve, Haryana hikes sugarcane rates from Rs 400 to Rs 415 per quintal
In a generous move ahead of the festive season, the Haryana government has announced a remarkable increase in sugarcane prices for local farmers, bringing the new rate to Rs 415 per quintal. Dubbed a 'Diwali bonus', this initiative is part of a broader strategy to ensure Haryana leads the nation in sugarcane pricing.
Andhra CM N Chandrababu Naidu announces Diwali bonanza for govt employees, including DA
Andhra Pradesh Chief Minister N Chandrababu Naidu has unveiled a Diwali bonanza for government employees. A Dearness Allowance installment will be released from November 1. The state government will also settle a portion of police department's earned leave payments. Health insurance schemes will be streamlined. Child care leave and property tax waivers are also announced.
Staggered pay hikes in IT industry are the new normal: LTIMindtree CEO
LTIMindtree, on Thursday, announced that it is modifying its wage-hike cycle. Instead of one annual wage hike, which typically occurs in April-June quarter, raises will be split across two quarters. Half of the employees will get hikes effective January 1 and the other 50% on April 1.
UP govt announces 3% hike in Dearness Allowance, Dearness Relief ahead of Diwali; CM Yogi extends congratulations to employees, pensioners
In a celebratory move, the Uttar Pradesh government has uplifted the Dearness Allowance and Dearness Relief for state employees and pensioners, raising the rates from 55% to 58%, with this change taking effect from July 1, 2025. This enhancement is designed to enhance the lives of around 28 lakh beneficiaries, ensuring a journey toward greater satisfaction, security, and prosperity.
With love, from HR: TCS says staff axed `with a lot of care’
Tata Consultancy Services is not targeting specific headcount reductions, according to HR chief Sudeep Kunnumal. The company saw a net reduction of nearly 20,000 employees in the September quarter due to voluntary and involuntary attrition, with mid and senior-level staff impacted by AI-led disruptions. TCS is providing comprehensive support to departing employees.
TCS job cuts: Karnataka union submits records of two cases, not mass layoffs
KITU’s documents did not indicate any mass layoffs, senior labour department officials told ET. TCS general manager (HR) Boban Varghese Thomas appeared for the software major, while KITU president VJK Nair, general secretary Suhas Adiga, and secretary Sooraj Nidiyanga appeared for the employees in Bengaluru on Wednesday.
Infosys turns to employees for talent hunt, offers cash incentives
Infosys is urging staff to refer candidates for various roles across its India offices, signalling a pickup in lateral hiring. Employees can earn cash rewards if their referrals are selected. In contrast, rival TCS has paused such hiring after bringing in 650 people last month, following 12,000 job cuts.
Can HCLTech sustain its revenue momentum after a strong September quarter?
HCLTech's September quarter revenue grew better than anticipated, marking a return to sequential growth. Profit growth met expectations. The company is focusing on AI services and intellectual property. New deal wins showed strong momentum, particularly in smaller contracts. Headcount increased, and attrition softened. Salary increments in October may impact future margins.
HCLTech rolls out salary hike after Q2 results
The increments, which will be effective from this month, will be of the order of about 7%. Earlier, the IT major reported a profit after tax of Rs 4,235 crore, unchanged from the year-ago period. The PAT figure is in line with the Street's expectations of Rs 4,231 crore.
Infosys kicks off employee performance review
Multiple employees received an email from HR asking them to complete the process by October 17. “This is a routine exercise, but we hope the company will give us a raise this time, unlike last year,” an employee said.
TCS cutting dependence on H-1B visa, hiring more locally: CEO Krithivasan
Tata Consultancy Services is reducing its reliance on H-1B visas for US operations, with CEO K Krithivasan stating a significant drop in fresh applications. This strategic shift aims to foster local hiring and aligns with a broader workforce transformation. The company's move comes as its net headcount saw a decrease in the September quarter.
‘Silent layoffs’ tighten grip in 2025: 50k tech jobs on the line
While Tata Consultancy Services (TCS) drew much attention when it announced in July that it was sacking 2% of its workforce (about 12,000 out of 600,000) by March 2026, scores of large and medium-sized technology services companies have been asking people to resign or find other jobs quietly. While the total number of dismissals is difficult to measure, estimates peg this at 25,000 between 2023 and 2024, suggesting that the number is set to double this year.
Prosus backs Ixigo; Bira's founder brews trouble
Ixigo is selling a 10% stake to Prosus to fund its growth plans. This and more in today's ETtech Top 5.
TCS to roll out variable pay, junior employees to get 100%
Junior employees at the levels C, C1, and C2 usually get annual hikes as well as full variable pay as they figure in lower salary brackets. Those in level C3A and above are treated differently when it comes to hikes and variable pay, an employee said, requesting anonymity.
DA hike for Arunachal Pradesh employees: State government also increases dearness relief to 58%
Arunachal Pradesh has followed the Central Government's lead by approving a 3% Dearness Allowance (DA) and Dearness Relief (DR) hike for state employees and pensioners. This revision, effective July 1, 2025, raises the DA to 58% and will benefit thousands of state government staff, retirees, and AIS officers serving in the region.
TCS bets big on AI and data centres; every project will be AI-led, says CEO K Krithivasan
Tata Consultancy Services is aggressively integrating AI across its operations, aiming to become the world's largest AI-led tech services provider. The company is investing in platforms, training over 1.6 lakh employees, and expanding into data centres and sovereign cloud. Nearly every client project now features an AI component, driving efficiency and value.
TCS to create 5,000 jobs in the UK, launches AI experience zone in London
Tata Consultancy Services will create 5,000 new jobs in the United Kingdom over the next three years. The Indian IT giant is also launching an Artificial Intelligence Experience Zone and Design Studio in London. This new facility will foster innovation and client collaboration. TCS has a long history in the UK, supporting digital transformation for over 50 years.
TCS to announce Q2 results today: 10 things to track and how to trade
Tata Consultancy Services announces Q2 results today. Investors anticipate subdued growth and minimal margin changes. The company navigates challenges including employee separation, wage adjustments, and uncertain US demand. Key factors to watch include the impact of layoffs, US market outlook, revenue growth, and margin performance. Mega deals and vertical performance are also under scrutiny.
How a non-techie increased his salary from Rs 22,000 to Rs 40,000 in six years, and then to Rs 2.2 lakh in next four years
A non-technical professional shared an inspiring 10-year career journey, escalating their monthly earnings from ₹22,000 to ₹2.2 lakh. After an initial period of slow growth and lack of direction, a conscious focus on upskilling and intentional career choices led to significant advancement.
TCS revenue to inch up, margins may shrink in Q2
TCS is poised to report a modest sequential revenue increase in dollar terms for the September quarter, following a prior decline. However, operating margins and net profit are anticipated to weaken due to lower employee utilization and the impact of partial salary hikes. Investors will be closely watching for insights into the deal pipeline and future outlook.
India Inc to give 9% salary increment in 2026: Aon Study
Indian companies are projected to offer an average salary hike of 9% in 2026, a slight increase from the 8.9% actual raise in 2025. Despite global economic slowdown and geopolitical challenges, India's economy remains resilient, with sectors like real estate and NBFCs leading talent investment. Attrition rates have also seen a decline.
Salaries in India projected to go up by 9% in 2026, says Aon study
Salaries in India are projected to rise 9% in 2026, slightly up from 8.9% in 2025, according to Aon’s Annual Salary Increase and Turnover Survey 2025-26. Real estate, infrastructure, and NBFCs are expected to lead salary growth, while attrition rates have declined to 17.1%, indicating improved employee retention. Strong domestic consumption, investments, and policy reforms support continued wage growth and talent stability.
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