Tata Consulting Services (TCS) has decided to defer salary hikes

While the import duties don’t directly impact the IT sector, they have added to market volatility in the US.Tata Consulting Services (TCS) has decided to defer salary hikes due to a challenging and uncertain business environment, influenced by the ongoing global tariff war triggered by US president Donald Trump. The decision reflects growing volatility in TCS’s key markets.TCS, which opened the earnings season, reported a modest dip in profits and missed analyst expectations. Alphabet’s Google has laid off several hundred employees from its Platforms & Devices unit, which works on Android, Pixel phones and the Chrome browser. Is Trump crashing the world markets ?