The BSE-Sensex is trading down 46 points. The NSE-Nifty is trading down 10 points. The BSE Mid Cap index is trading up 0.2% and the BSE Small Cap index is trading up 0.1%. The rupee is trading at 62.14 to the US dollar.
Software stocks are trading mixed today. While Tech Mahindra is leading the gainers; HCL Technologies is leading the losers. India's largest IT firm Tata Consultancy Services (TCS), has issued s clarification regarding news reports of mass layoffs at the firm. The company has stated that it has not initiated and wasn't planning to initiate "large-scale exits" for any section of its staff, in any part of the organisation. It has given a break-up of the numbers for involuntary attrition i.e. layoffs for the last three years. For FY15, FY14 and FY13, these numbers were 2574, 2,203 and 2,132. The company has stated that figure for the current year is just 0.8% of its total employee base. TCS is trading up 0.6% today.
Software stocks are trading mixed today. While Tech Mahindra is leading the gainers; HCL Technologies is leading the losers. India's largest IT firm Tata Consultancy Services (TCS), has issued s clarification regarding news reports of mass layoffs at the firm. The company has stated that it has not initiated and wasn't planning to initiate "large-scale exits" for any section of its staff, in any part of the organisation. It has given a break-up of the numbers for involuntary attrition i.e. layoffs for the last three years. For FY15, FY14 and FY13, these numbers were 2574, 2,203 and 2,132. The company has stated that figure for the current year is just 0.8% of its total employee base. TCS is trading up 0.6% today.
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