Tata Consultancy Services update: In a significant development for the Indian IT sector Tata Consultancy Services (TCS) is planning a a significant realty expansion across India. As per a report by the Economic Times Ratan Tatas TCS is planning to set up new office campuses leased spaces and long-term infrastructure developments with a massive funding of Rs 4500 crore. The report also mentions that the company is increasing its physical footprint in key cities of India in alignment with its growth in headcount and strong financial performance in the fiscal year 2024-25. TCS Expansion plan As a part of the expansion plan media reports also say that TCS is working on a expansion plan across 30 acres spread between its Sanchita Park and Bengal Silicon Valley Hub campuses in Kolkata and 1.4 and 1.6 million square feet from Sattva—Darshita Southern India Happy Homes for Rs 2250 crore in Bengaluru Karnataka. TCS is also making expansions in other key cities of India including Hyderabad and Coimbatore. TCS pays 100pc quarterly variable allowance to over 70pc of employees In another significant development Tata Consultancy Services paid out 100 per cent cent of the Quarterly Variable Allowance (QVA) to more than 70 per cent of its workforce for the January -March quarter. As per a report by PTI news agency the company clarified that for employees in other grades the QVA payout is determined by the performance of their respective business units which is consistent with TCSs established policy across quarters. We have paid out 100 per cent QVA to over 70 per cent of the company. For all other grades the QVA depends on their units business performance. This is in line with our standard practice across quarters TCS said in a statement. Notably the Tata Consultancy Services) reported a 1.7 per cent decline in the March quarter net profit to Rs 12224 crore driven largely by a margin contraction along with logging a total revenue of Rs 64479 crore in Q4 FY25 up 5.3 per cent over the year-ago period. (With inputs from agencies)