Brief by Shorts91NewsDesk / 05:22am on 24 Feb 2025,Monday Business
Tata Consultancy Services (TCS) recently announced its annual salary hikes, with payments starting in April 2025. However, the company faced a significant setback as its market valuation plummeted by Rs 53,185.89 crore to Rs 13.7 lakh crore, marking a massive loss. This decline was part of a broader market dip, with the combined valuation of eight of the top-10 most valued firms dropping by Rs 1,65,784.9 crore. TCS’s stock dropped 2.82% from February 17-21, 2025, contributing to its market cap decline. Despite this, TCS remains one of the top most valued firms, following Reliance Industries.
