TCS news: Tata Consultancy Services (TCS) Tata Group’s IT firm has recently announced its new policies and updates about salary hikes. TCS is Indias largest IT firm which will present its annual salary increments in March 2025 with payments starting in April. However TCS suffered a big blow as during the last week trading the market valuation of TCS tanked by Rs 53185.89 crore to Rs 13.7 lakh crore which is the biggest loss by a company as the combined market valuation of eight of the top-10 most valued firms eroded Rs 165784.9 crore last week. Tata Consultancy Services Ltd. took the biggest hit in line with bearish trends in equities while Bharti Airtel suffered a big drop with its market capitalization falling by Rs 44407.77 crore to Rs 9.3 lakh crore. Last week the BSE benchmark declined 628.15 points or 0.82% while the Nifty went lower 133.35 points or 0.58%. Meanwhile Reliance Industries remained the most valued firm followed by TCS HDFC Bank Bharti Airtel ICICI Bank Infosys State Bank of India (SBI) Hindustan Unilever Bajaj Finance and ITC. TCS received a bad news this week as it lost Rs 53185.89 crore in market cap this week after its shares dropped by 2.82 per cent in 5 days (Feb 17-21). The current market cap of the company stands at Rs 1369717.48 crore. TCS share price closed at Rs 3789.90. The massive drop in market valuation of TCS comes amid a bearish trend in equities with TCS taking the biggest hit. On the other hand Infosys lost Rs 17086.61 crore to Rs 753700.15 crore from its market valuation.