No decision yet on salary hike, says TCS

Tata Consultancy Services (TCS) on Thursday said it is yet to decide when it will provide salary hikes to its employees, as macroeconomic uncertainties intensified during the first quarter, leading to delayed deal closures and a drop in revenues.

- AVIK DAS

India's largest information technology (IT) services provider by revenue, will give an update on the timing and quantity of the hike when the situation improves.

"We have not made any decision so far on wage hikes. We will let you know as soon as we do," executive vice-president and chief human resources officer Milind Lakkad said.