{"id":984984,"date":"2026-01-13T08:58:56","date_gmt":"2026-01-13T03:28:56","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=984984"},"modified":"2026-01-13T08:59:44","modified_gmt":"2026-01-13T03:29:44","slug":"new-labour-codes-hit-it-sector-profits","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/01\/13\/new-labour-codes-hit-it-sector-profits\/","title":{"rendered":"New labour codes hit IT sector profits"},"content":{"rendered":"<p>Even as artificial intelligence-led deal wins supported revenue growth for India\u2019s top information technology (IT) firms in the December quarter,  profits have taken a hit due to the implementation of new labour codes. <\/p>\n<p> Tata Consultancy Services (TCS), India\u2019s largest IT services firm, reported a Rs 2,128-crore hit to profit during the quarter as employee-cost rose due to the new labour codes. This included Rs1,816 crore for additional gratuity costs and Rs 312 crore for long-term compensated absences after India\u2019s new labour codes came into effect on November 21.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Even as artificial intelligence-led deal wins supported revenue growth for India\u2019s top information technology (IT) firms in the December quarter, profits have taken a hit due to the implementation of new labour codes. Tata Consultancy Services (TCS), India\u2019s largest IT services firm, reported a Rs 2,128-crore hit to profit during the quarter as employee-cost rose due to the new labour codes. This included Rs1,816 crore for additional gratuity costs and Rs 312 crore for long-term compensated absences after India\u2019s new labour codes came into effect on November 21.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[75,4,17],"tags":[],"class_list":["post-984984","post","type-post","status-publish","format-standard","hentry","category-it-2-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/984984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=984984"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/984984\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=984984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=984984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=984984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}