Shares settled lower on Tuesday as caution over broader economic challenges and a sharp slide in Adani group stocks soured sentiment, while investors awaited some key economic data due later in the week.
The Nifty 50 index closed down 0.20% at 16,951.70, while the S&P BSE Sensex fell 0.07% to 57,613.72. ..
Milind Lakkad, chief human resource officer at TCS, said during the earnings call, “We are going to pay 100 per cent variable pay for 70 per cent of employees. The remaining 30 per cent will get paid based on their business unit performance. This is for Q2, July-September.”
In a recent report, the global financial services firm downgraded major Indian IT firms, while only Wipro found a positive spot in Goldman Sachs's ratings. Read more to know why.