Nearly a dozen leading IT companies on Friday declined to confirm or acknowledge employees right to form labour unions to redress their grievances invoking the provisions of Industrial Disputes Act 1947.

Some of the tightlipped IT companies are Infosys, Wipro, TCS, Flipkart, Microsoft, Mphasis, Juniper and Amazon India.

India’s largest IT company, Tata Consultancy Services (TCS), has become the third conglomerate to invest large cash holdings in government bonds, a trend that could boost the young debt market but also stir volatility.

TCS ploughed $3 billion into the market from January to March, its annual balance sheet showed last month, shifting funds that totalled 80 percent of its surplus cash position. Previously the company had largely invested in mutual funds.

Mukesh Ambani-led Reliance Industries leads the pack of 56 Indian firms in Forbes’s annual list of the world’s 2,000 largest and most powerful public companies, with the US leading the list with 586 companies.

The 2016 Forbes ‘Global 2000’, a snapshot of the world’s largest companies, shows the dominance of US and China in the current global business landscape.

India's largest IT services provider Tata Consultancy Services (TCS) announced on Tuesday that its client, the National Employment Savings Trust (NEST) in the UK, has now signed up more than 100,000 employers to its auto-enrolment pension scheme. This also means that the company's insurance vertical will see an uptick in demand.

The roll-out of the auto-enrolment reforms began in October 2012 and are being introduced in stages up until 2018. NEST has seen employer numbers increase by over 100% since the beginning of 2016, as well as rapid growth in membership figures. Since roll-out began, more than three million members have been enrolled with NEST, with membership figures tripling from one million to three million since April 2014.

Full service airline Vistara has entered into a strategic partnership with Tata Consultancy Services (TCS) for a broad range of information technology (IT) services, including application maintenance services and airport infrastructure support.

Vistara is a joint venture between Tatas and Singapore Airlines.

MUMBAI: Tata Consultancy Services, India's largest IT services company, said it has abandoned bell curve based performance appraisal and is moving to a system of continuous feedback, becoming the latest player to move away from the forcedranking system.

The bell curve system — one of the most popular appraisal methods popularised by former GE CEO Jack Welch — rates a workforce by comparing performances of people in similar tasks. They are then segregated into top, medium and poor performers. But over the last two years, an increasing number of companies have been looking at other ways to evaluate their employees.

Though the impact of the US jury verdict in the Epic data theft case was clearly seen to be having an overhang among the top management of Tata Consultancy Services (TCS), the Mumbai-based company tried to bury those with a good set of numbers.

After its Indian peer Infosys stole the limelight last week with a strong performance in the quarter ended March, TCS also beat the Street’s estimates with better-than-expected profits and revenues.

US grand jury has slapped two companies of India's Tata group - Tata Consultancy Services (TCS) and Tata America International Corp - with a $940 million fine in a trade secret lawsuit filed against them.

After days of hearing, the federal grand jury in the US State of Wisconsin ruled that Tata Consultancy Services Ltd and Tata America International Corp must pay $240 million to Epic Systems for ripping off its software.

PUNE: Tata Consultancy Services, India's largest software services company, has set up an open innovation centre in Nashik to solve social problems in local communities.

The centre will seek to find ways to reduce the number of school dropouts, improve soil and water health, and ease parking woes in the city, among other initiatives. The challenges are open to students, early-stage startups and even individual entrepreneurs who can come up with innovative solutions, the company said.

India's largest IT services provider Tata Consultancy Services (TCS) has been saying that digital is default, but yesterday it told analysts that 52 per cent of its clients are engaged in digital technologies and a number of them have chosen TCS as a partner of choice. TCS also reiterated that the market for their services is still under-penetrated.

TCS management meets analysts before its fourth quarter results to give an update on its digital capabilities. Digital revenue for the company has already touched $2 billion for CY2015.

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