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IT majors such as TCS, Infosys and HCLTech have said new 'wage definition' in the labour codes has squeezed profits and led ...

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The labour codes increased statutory payouts such as provident fund and gratuity. The requirement lopped off 260-320 basis ...

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Statutory impact of new labour codes, AI-led restructuring costs and a large legal provision weighed on TCS's Q3 FY26 ...