Tata Consultancy Services (TCS) is facing significant challenges as it enters the new year following a lackluster third quarter. The company is grappling with increasing competition, ongoing macroeconomic uncertainties, and a notable absence of large contracts. This situation has resulted in a substantial market capitalization loss of Rs 1.09 lakh crore, reducing TCS's valuation to Rs 12.60 lakh crore. The decline has caused TCS to drop from its previous position as the second most valued firm to third place among the top ten firms. The broader market also experienced declines, with the combined market capitalization of eight of the top ten firms decreasing by Rs 3 lakh crore. Other firms such as Infosys, Bharti Airtel, and Reliance Industries also reported significant market valuation losses, highlighting a challenging environment for major players in the industry.