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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.

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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 ...

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"Our R&D capability and level in biotechnology still lag noticeably behind the US. This is evident in core patents. While ...

TCS Q3 performance: a combination of lower-than-expected Q3 earnings, the financial impact of new labour codes, and a ...