Tue Feb 18 08:32:29 UTC 2025: ## Market Movers & IPO Updates: Quality Power IPO Closes, TCS Salary Hikes Announced

**Mumbai, February 18, 2025** – The Indian market is buzzing today with activity across various sectors. The final day of bidding for the Quality Power IPO is underway, alongside investor anticipation for Hexaware IPO allotment results. Meanwhile, IT giant Tata Consultancy Services (TCS) is set to announce salary increases of 4% to 8% in March, impacting its 607,354 employees.

**Quality Power IPO:** The Rs 858.70 crore IPO, featuring both a fresh issue and an offer for sale, closes today. Retail investors should note the minimum investment amount and consider mitigating oversubscription risks by bidding at the higher end of the price band (Rs 401-425). Allotment is expected on February 19th, with listing on the 21st.

**TCS Salary Hikes:** TCS’s salary increases, ranging from 4% to 8%, represent a slowdown compared to double-digit hikes during the COVID-19 period but remain above the recent industry trend. The company plans to onboard 40,000 freshers by March.

**Crypto Market Update:** While the provided text mentions tracking crypto market gainers and losers, specific details are absent. Further information is needed to provide a comprehensive update.

**Traders Gurukul Event:** India’s Largest Regional Retail Option Traders Summit (BOTS) continues to provide options trading insights and networking opportunities. The event facilitates lead generation for brokers.

**Other News:** The article also briefly notes the upcoming Delhi CM candidate announcement and mentions various other business news topics such as Bharti Airtel Block Deal and Tesla’s presence in India. Further detail is needed for complete reporting on these topics.

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