Delaying hikes prudent in current business environment: TCS CHRO

TCS CHRO Milind Lakkad said the company thought it was "prudent" to defer wage hikes this year, considering the current business environment. "We'll watch this environment every day...and make a call on what is the first thing that we need to do in terms of giving the wage hikes," he added. TCS reported a 1.6% drop in its Q4 profits.