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 ...

New Wage Code reshapes wages base, triggering Ind AS 19 remeasurement. Expect past service cost hits, exceptional items, higher DBO and ...

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New labour codes are expected to trigger higher social security contributions by both employers and employees. Employees may ...

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

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The IT majors see this as a one-time cost, which will have an impact of around 10-20 bps on operating margins annually.