New labour code implementation dented Q3 FY26 profits of top IT firms including TCS, Infosys, HCLTech, Wipro, Tech Mahindra ...
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'One-time expense', says government, industry seeks uniformity as new labour codes squeeze margins
IT majors such as TCS, Infosys and HCLTech have said new 'wage definition' in the labour codes has squeezed profits and led ...
Tech Mahindra reported a 14 per cent year-on-year increase in net profit at ₹1,122 crore in Q3 despite a one-time labour code ...
Jefferies pointed out that the new labour codes will add to existing challenges for IT firms. These include slower revenue ...
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