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IT majors take cumulative hit of ₹5,400 cr from new labour codes
The Free Press Journal - Mumbai
|January 20, 2026
India's top six IT companies - TCS, Infosys, HCLTech, Wipro, Tech Mahindra, and LTIMindtree - took a combined hit of about Rs 5,400 crore on account of the implementation of new labour codes, the onetime charge eroding their Q3 FY26 earnings performance substantially.
The new regulations, which consolidate 29 existing labour laws, have forced a structural shift in how companies calculate employee benefits.
Esta historia es de la edición January 20, 2026 de The Free Press Journal - Mumbai.
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