IT
TCS headcount drops by 11,000 in Q3 after 19,000 in last quarter
At the end of the December quarter, TCS had 582,163 employees, lower than the September quarter’s count of 593,314, the Mumbai-headquartered firm reported. In the previous quarter, the company had reported a net reduction of 19,755 employees, taking its total workforce below six lakh.
TCS Q3 net profit declines 14% to Rs 10,657 crore on labour code rejig hit
Tata Consultancy Services reported a 14% drop in net profit to Rs 10,657 crore for December 2025, hit by one-time severance and new labour code costs. Revenue grew 5% on-year to Rs 67,087 crore, with AI services showing strong growth. The board approved interim and special dividends.
HCLTech Q3 PAT dips 11% to Rs 4,076 crore
HCLTech posted a 3.75% sequential drop in net profit to Rs 4,076 crore, hit by one-time restructuring costs. Revenue exceeded expectations, while AI services grew to $146 million. The company plans to focus on high-growth areas such as AI and semiconductors, maintaining its operating margin guidance at 17-18%.
Wipro now mandates six hours WFO in hybrid work tweak
Software exporter Wipro has tightened its work-from-office policy, mandating employees to stay at least six hours in office for three days a week, in a shift from the earlier flexible hours. While weekly three days of attendance at the office has been in place for some time, the six hours of stay between two in and out punches is among the additions to Wipro’s hybrid work policy in India.
Modest Q3 awaits IT big caps as weak demand curbs momentum
Large-cap companies, such as Tata Consultancy Services, Infosys, HCLTech, Wipro and Tech Mahindra, are estimated to report revenue growth of up to 2.3% in constant currency terms sequentially in Q3FY26. The muted quarter comes as furloughs and continued macro uncertainty keep near-term revenue traction subdued.
Mphasis chief sees discretionary tech spends accelerating
Clients are identifying pockets of their business to make it efficient through the use of AI, automating tasks that don't need as much manual effort, such as some business operations and software engineering, according to the chief executive.
Cognizant faces lawsuits in US over TriZetto Healthcare data breach
At least four lawsuits were filed in December against Cognizant and TriZetto Provider Solutions in the US district courts for the District of New Jersey and the Eastern District of Missouri. The core allegations claim that TPS failed to adequately protect the impacted people’s data and did not provide timely notifications after a cyberattack.
TCS AI push showing tangible results: CEO
TCS's push into AI is already translating into tangible results, he said in a company-wide email on 1 January 2026. The company has achieved $1.5 billion in annualised AI services revenues, with 54 of its top 60 clients choosing TCS for their AI transformation initiatives. More than 5,000 AI engagements have been delivered, and over 200 AI platform deployments completed globally.
Louis Gerstner, former IBM CEO who revitalised 'Big Blue,' dies at 83
IBM chairman and CEO Arvind Krishna announced Gerstner's death in an email sent Sunday to employees, but did not provide a cause of death.
TCS reboot on to become ready for AI-led future: COO Aarthi Subramanian
Tata Consultancy Services is preparing for an AI-driven future with a major internal and market reset. The company is shifting from AI pilots to scaled deployments focused on return on investment. TCS aims to become the world's largest AI-led technology services company.
