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Wage growth soars above revenue growth at most IT firms

Source | | Devina Sengupta, Tanay Sukumar

MUMBAI/NEW DELHI : India’s tech giants—Tata Consultancy Services Ltd (TCS), Infosys Ltd, Wipro Ltd, HCL Technologies Ltd and Tech Mahindra Ltd—have seen their employee expenses soar in the June quarter as they raised salaries to keep workers from quitting.

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