TCS to lay off around 12,000 employees! Tata Consultancy Services plans 2% workforce cut over the year; what you should know

Tata Consultancy Services plans to reduce its workforce by approximately 2%, impacting over 12,000 employees due to economic uncertainties and AI-driven technological changes. The company will provide affected staff with severance benefits, outplacement services, and extended insurance coverage. TCS layoffs: Tata Consultancy Services (TCS), India’s largest IT services firm, plans to lay off as many…

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Private equity deal: Multiples-led consortium moves CCI for 32% VIP Industries stake; Rs 1,438 crore deal to trigger open offer

A consortium led by Multiples Alternate Asset Management has approached the Competition Commission of India (CCI) seeking approval to acquire a 32% stake in luggage maker VIP Industries, according to a notice filed with the regulator.The application follows the July 13 announcement that VIP Industries’ promoters — Dilip Piramal and family — will sell up…

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