Stock Market

TCS spends Rs 1135 crore on layoffs, restructuring company informs in its second quarter results

TCS had to spend Rs 1,135 crore on restructuring. The company has stated this in its September quarter results. It has said that it had to spend Rs 1,135 crore on restructuring in the second quarter of this financial year. The reason for this is the company’s decision to fire many employees. The company has also made changes in the roles of many employees. The company had to pay compensation to the laid-off employees. TCS is the largest IT company in India.

The company announced the results on 9 October

This Tata Group company (TCS) announced its September quarter results on 9 October. The company told the stock exchanges that the restructuring expenses had an impact on its consolidated net profit. It stood at Rs 12,075 crore with a slight increase. The company has described this expenditure as an exceptional item. The company’s revenue in the September quarter stood at Rs 65,799 crore. This is 3.7 percent more than the June quarter. In constant currency terms this is 0.8 percent growth. This is slightly lower than analysts’ estimates. In the CNBCTV-18 poll, the company’s profit was estimated to be Rs 12,528.3 crore. Revenue was estimated at Rs 65,114 crore.

The CEO of the company had told about the layoff plan 2 months ago

TCS’s restructuring spend of Rs 1,135 crore comes two months after its CEO Krittivasan told Moneycontrol that the company would reduce its employee strength by 2 per cent. This means that the company plans to lay off about 12,000 employees in this financial year. The company is reducing the number of mid and senior level employees in a phased manner. There is panic among the employees due to this step of the company. This has affected the employees of entire IT industries.

Employees unions claimed large number of layoffs

TCS employees and IT employees union claim that the actual number of laid off employees is much higher. They allege that to make the number of retrenchments look less, many employees are being asked to resign themselves. In the last few months, many employee unions have protested against this. These include All India IT and ITES Employees Union (AIITEU), Forum for IT Employees (FITE) and Union of IT and ITES Employees (UNITE).

Company spokesperson rejected the unions’ allegations

Employees unions say that employees are being forced to resign. They are being forced out of their jobs. A source close to the company rejected these claims. He called it wrong and misleading. TCS spokesperson said that as mentioned earlier, the impact of layoffs is only on 2 percent of the employees.

Now total 6.13 lakh employees in the company

The number of TCS employees decreased by 19,755 in the second quarter. The company said in its September quarter results that its total number of employees is now 6,13,069. TCS had increased the number of employees by 5,090 in the June quarter. The attrition rate in the company fell to 13.3 percent in the September quarter. It was 13.8 percent in the June quarter.

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Market outlook: Market closed with gains, know how it may move on October 10 – market outlook sensex nifty closed with gains know how it may move on October 10

Stock market: Indian benchmark indices reversed the previous session’s decline and closed with gains. On October 9, Nifty closed near 25,200. After sluggish trading in the first few hours, the market remained in positive territory for most part of the trading session, with Nifty closing near 25,200. Today Nifty has closed near the day’s highest level.

At the end of the trading session, Sensex closed 398.44 points or 0.49 percent higher at 82,172.10 and Nifty closed 135.65 points or 0.54 percent higher at 25,181.80. The BSE Midcap index jumped 0.75 per cent, while the Smallcap index remained flat.

Anand James, Chief Investment Strategist, Geojit Financial Services Says the expected fall to 25,030-25,000 has been completed and now a swing higher is needed. However, unless Nifty moves above 25,182-25,225, there is a fear of a bearish move towards 24,982. At the same time, if it manages to go above 25,200, then the level of 25,460 can also be seen in it.

Nifty has now formed a big trading range between 25,200 and 24,900. Dhupesh Dhameja, Derivatives Research Analyst, Samco Securities Says that as long as Nifty remains within this range, volatile rangebound trading is expected to continue.

He further said that Nifty will continue to hover around the psychological level of 25,000. There is support around this at many levels. On the upside, bears are expected to remain in strong grip until the resistance of 25,200-25,250 is crossed.

Experts suggest that traders should ‘buy on dips’ and think about new long positions only if Nifty manages to stay above 25250 points.

Disclaimer: The views expressed on Moneycontrol.com are the personal views of the experts. The website or management is not responsible for this. Money Control advises users to seek the advice of a certified expert before taking any investment decision.

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Greenleaf Envirotech IPO Listing: ₹136 share on lower circuit after flat entry, check these details before new investment – greenleaf envirotech ipo listing shares debut discount greenleaf envirotech share price slips to lower circuit

Greenleaf Envirotech IPO Listing: Shares of Greenleaf Enviroter, which offers services related to waste water and fire safety, had a lackluster entry on NSE SME today. Its IPO received more than 3 times the overall bid. Shares have been issued under the IPO at a price of ₹ 136. Today it has entered NSE SME at ₹ 134.90, which means that IPO investors did not get any listing gain but only 0.81% capital lost on listing. IPO investors got a further shock when the shares fell further. It fell to the lower circuit of ₹ 128.15 (Greenleaf Envirotech Share Price) which means IPO investors are now at a loss of 5.77%.

How will Greenleaf Envirotech IPO money be spent?

Greenleaf Envirotech’s ₹21.90 crore IPO was open for subscription from September 30 to October 6. This IPO was subscribed 3.84 times overall. In this, the half reserved for non-institutional investors (NII) was filled 4.16 times and the remaining half reserved for retail investors was filled 3.52 times. New shares worth ₹17.81 crore have been issued under this IPO. Apart from this, 3 lakh shares with face value of ₹ 10 have been sold under the offer for sale window. The shareholders who sold the shares have received the money from the offer for sale. Of the money raised through new shares, ₹ 1.86 crore will be spent on purchase of civil machines and equipment, ₹ 35 lakh on purchase of lab equipment, ₹ 1.35 crore on debt reduction, ₹ 9.00 crore on working capital needs and the remaining money will be spent on general corporate purposes.

About Greenleaf Envirotech

Greenleaf Envirotech provides EPC (Engineering, Procurement and Construction) and turnkey solutions for wastewater treatment projects. Its focus is on sewage treatment plants and effluent treatment plants (ETPs). It also offers fire safety services. Talking about the financial health of the company, it has continuously strengthened. It had a net profit of ₹97 lakh in FY 2023, which jumped to ₹2.28 crore in the next FY 2024 and increased to ₹4.70 crore in FY 2025. During this period, the total income of the company increased at a compound growth rate (CAGR) of more than 21% annually to ₹ 39.08 crore.

During this period, the debt on the company came down from ₹ 6.12 crore at the end of FY 2023 and from ₹ 5.13 crore at the end of FY 2024 to ₹ 2.49 crore at the end of FY 2025. During this period, if we talk about reserves and surplus, it increased from ₹ 1.12 crore at the end of FY 2023 and from ₹ 3.09 crore at the end of FY 2024 to ₹ 7.79 crore at the end of FY 2025.

Disclaimer: The information provided here is being provided for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.

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SEBI presents several proposals for ease of doing business of exchanges – SEBI proposes key changes in circulars realted to ease of doing business of exchanges

SEBI has proposed to simplify many rules related to stock exchanges. These include a proposal to set a deadline for filing claims in case brokers default. The regulator wants to tighten the rules exclusively for promoters of listed companies. The regulator has also proposed merger of the investor protection funds (IPF) of the equity and derivatives segments of the exchange. However, most of SEBI’s proposals focus on the ease of doing business of the exchanges.

Proposal to introduce IPF claim lookback period

SEBI has proposed to introduce an IPF claim lookback period of three years. Under this, only transactions made three years before the member is declared a defaulter will be eligible for IPF claim. This will reduce old and repeated claim cases. The regulator’s proposal states that there will be amendments in the rules of MSECC. With this, only those claims will be considered eligible in which the underlying transactions fall within the scope of three years before the default is declared.

Plan to merge equity and commodity IPF

The regulator has also proposed merger of equity and commodity IPFs. SEBI has said that exchanges will maintain a single IPF, under which both equity and commodity segments will come. This will ease contributions, utilization, deployment and governance. Also the needs of the commodity segment can be met. SEBI believes that having a single IPF will make it easier to meet the needs of the exchanges. However, this merger will mainly be based on maintaining equivalent funds of commodity-derivative exchanges.

Restrictions related to IPF interest usage will be removed

A proposal has also been made to remove a specific restriction on NSE’s IPF interest usage. SEBI wants to bring uniformity among the exchanges in the matter of IPF. For this, there is a plan to remove the restriction under which NSE has to use the entire IPF interest of investors’ claims alone. This ban was implemented in 2020. There is a plan to change this after the representation received from NSE.

Rules will be strict for promoters of exclusively listed companies

The market regulator has also presented an important proposal for companies listed exclusively on the Dissemination Board (DB). Such companies will have to submit an action plan to the designated exchange within three months of going into DB. SEBI believes that the existing rules do not say anything about the timeline for submission of action plan. This gives unnecessary latitude to ELCs, creating uncertainty for shareholders. Therefore, a proposal for a three-month submission timeline has been proposed.

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Nifty Midcap 150 Live Updates: Vodafone Idea, Bharti Hexacom and Rail Development Corporation shares fall due to heavy trading volume – Nifty Midcap 150 Index Live 08 October 2025 Gift Nifty Nifty Trades Lower

In today’s session, Nifty Midcap 150 is the highest falling shares

In today’s session, Nifty Midcap 150 has the highest falling shares: Voltas (1.5% fall), AB capital (1.43% fall), Bharti Hexacom (1.42% Gir), Ajanta Pharma (1.19% fall), and New India Assur (fall).

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