TCS issues ultimatum to its staff: Must return to office

Tata Consultancy Services (TCS) has extended the deadline for employees to return to office until the end of March, with this being the final deadline.

According to TCS COO, failure to comply will result in consequences. TCS aims to revive pre-pandemic work culture and shift away from the hybrid model.

In the third fiscal quarter, Infosys, India's second-largest IT firm, disclosed a cyber security issue in one of its US units, affecting multiple applications. Similarly, in December, HCLTech reported a ransomware incident, claiming no significant impact.

Also read/watch - Tata Group market capitalisation crosses ₹30 lakh crore, accounts for 8% of equity market

TCS is focused on reinstating pre-pandemic work culture, moving away from the 25-by-25 hybrid model announced during the Covid-19 outbreak. Initially proposed in 2020, the plan aims for a quarter of employees to work from home by 2025, contingent on full office return.

TCS mcap cross Rs 15 lakh crore mark

Shares of Tata Consultancy Services (TCS) jumped 4 per cent on Tuesday, taking its market valuation to above Rs 15 lakh crore mark.

The stock of the country's second most valued firm by market valuation jumped 4.05 per cent to settle at Rs 4,133.45 apiece on the BSE. During the day, shares of the company climbed 4.45 per cent to Rs 4,149.75 -- its all-time high.