TCS Salary Hike: Tata Group’s It Giant, TCS, Has Been Making Headlines with Its New Policy and Salary Hike Announcements. As India’s Larget it firm, it plans to implement annual salary increments in March 2025, with payouts persuasion in April. However, before that, tcs faced a major setback last week as its market value dropped dropped.
Tata Consultancy Services (TCS) Facted a Massive Loss in Market Value This Week, Shedding Rs 53,185.89 Crore as its shares dropped 2.82 per cent between februry 17-21. The company’s market capitalization now stands at Rs 13.7 lakh Crore, Making it the biggest loser among all companies. TCS Shares Closed at Rs 3,789.90.
The overall market downturn is when the combined market value of eight out of the top 10 most valuable companies TCS Took The Biggest Hit, While Infosys Lost Rs 17,086.61 Crore, Bringing Its Market Valuation Down to Rs 7,53,700.15 Crore. Bharti Airtel also Saw a Major Drop, Losing Rs 44,407.77 Crore, Reducing Its Market Cap to Rs 9.3 Lakh Crore.
The stock market faced a bearish trend last week, with the bse index Falling by 628.15 points (0.82%) and the nifty index delining by 133.35 points (0.58%). Despite the Losses, Reliance Industries Remains The Most Valuable Company, Followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, SBI, HINDUSTAN Unilever, Bajaj Finance, and ITC.
Why was it stocks down today?
The It Sector was the Worst Performer in the Indian Stock Market on Manday, Following a Sharp Decline in the Us Market in the Previous Session. The drop was driven by inflation concerns linked to trump’s tariff political, causing us markets to close significantly lower on friday.
Consumer sentiment in the US Hit A 15-month low, with inflation expected to Rise due to additional tarifs. As the World’s Larges Economy, Any Economic Strain in the US poses a challenge for India’s expenge expenses, especially it.