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

The profit came down because of an exceptional item of Rs 1,191 crore pertaining to provisions for gratuity liability of its ...

December, top Indian IT services firms absorbed a sizable one-time financial impact of about ₹4,675 crore due to the ...

In a landmark overhaul of labour laws, the government on Friday notified all four Labour Codes, ushering in major reforms, including universal social security coverage for gig workers, mandatory ...

Larsen & Toubro reported a slight decline in quarterly profits due to a one-time charge from new labour codes. Despite this, ...

MUMBAI: The engineering giant L&T has reported a 4% slip in net income at Rs 3,215 crore due to one-time hit of Rs 1,191 ...

India’s Parliament just overhauled and simplified the country’s labor law regime by consolidating it into four labor codes. The changes, which took effect November 21, will harmonize definitions, ...

Infosys' revenues grew 8.9% year-on-year to ₹45,479 crore and 2.2% sequentially. Constant currency (CC) growth was 3.2% year-on-year, with operating margins at 16.6% reported and 21.2% adjusted ...

CFO Aparna C. Iyer said Wipro's labour code expenses have been the least in the industry as the company was already in the ...

Tata Motors CV Q3 profit fell 60% due to demerger and labour code costs, even as revenue grew 20% on GST-driven demand ...

L&T Technology Services said that the new labour codes have resulted in a material increase in provision for employee benefits on account of recognition of past service costs ...

Mumbai: Nelco Ltd, a Tata Group company offering satellite communication services, reported a consolidated net loss of Rs 119 lakh for the third quarter ended December 31, 2025, reversing from a ...