The biggest IT business in India, Tata Consultancy Services (TCS), has revealed revised work and pay increment rules that would be included in its yearly pay increases in March 2025.

The latest trading week saw a massive loss for the IT behemoth of Rs. 53,185.89 crore. Its market value fell to 13.7 lakh billion rupees. It was the biggest loss a single business has ever experienced. Between February 17 and 21, the company’s share price decreased by 2.82%. At that time, the stock price was Rs. 3,789.90.

TCS was most impacted since it incurred the biggest loss, and the significant drop in its market value also corresponds with a drop in equities sentiment. Similarly, another multinational IT and outsourcing company, Infosys, saw a decline in market value from Rs. 7,70,786.76 crore to Rs. 7,53,700.15 crore, or a loss of Rs. 17,086.61 crore.

When additional firms were included, the overall market value of eight of the top 10 companies dropped by Rs. 1,65,784.9 crore last week. The BSE index down 628.15 points, or 0.82%, while the Nifty fell 133.35 points, or 0.58%.

Tata Consultancy Services Ltd. had the most decline following the stock market’s negative trend. The market capitalization of Bharti Airtel, the leading ICT service provider in India, fell precipitously as well, falling by Rs. 44,407.77 crores to Rs. 9.3 million crore.