Tata Consultancy Services

Tata Group planning to inject $2 billion into its super-app Tata Neu

Tata Neu allows users to buy groceries and gadgets as well as reserve airplane tickets and restaurants from brands under Tata

Discussions on at Tata Group to engage Gopinathan beyond Sept 15: Report

Tata Sons chairman N Chandrasekaran is learnt to have discussed the engagement of outgoing TCS MD and CEO Rajesh Gopinathan with the group beyond September 15 in an advisory role, according to sources from Tata Group. Tata Sons and IT behemoth Tata Consultancy Services declined to comment on the development. Tata Group sources, who did not wish to be identified, told PTI that there have been preliminary discussions between the two as the group needs reliable and experienced hands with its diversification into various technology domains. "Chandrasekaran has discussed with Gopinathan for his engagement with Tata Group in an advisory role after his notice period ends on September 15. There has been preliminary discussion," a source at one of Tata Group technology firms said. Gopinathan during his press conference has said that he has no immediate plans to engage with Tata Group in advisory roles. "As far as advisory roles go, my respect for advisors is exponentially growing. So, I wi

Leadership position

Large IT firms are witnessing changes at the top

As Rajesh Gopinathan signs out of TCS, here's what you need to know

The company has nominated Tata Group veteran K Krithivasan as CEO-designate, effective immediately

It's a blank canvas now... will make up my mind: TCS CEO & MD Gopinathan

'You can always look at any number as a parameter and create a trend. It's more like horses for courses'

TCS, Infosys have highest exposure to US regional banks: JPMorgan

Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil

'The day my heart is not 100% committed': TCS's Gopinathan explains exit

Gopinathan said TCS is the market leader in its space, and has given industry-leading results

TCS 'won't make any change', focus on principles: CEO designate Krithivasan

Krithivasan's time of taking over is interesting, especially with the agenda already being set

Gopinathan's resignation will not hurt TCS much; add stock on dips: Experts

Analysts say the stock price could turn volatile in the near-term as the development comes amid a challenging macro-environment including fears of a potential recession in the US

Stocks to watch: TCS, Patanjali Foods, Glenmark Pharma, Vi, DLF, Eris Life

Stocks to watch today: From TCS to Patanjali Foods, here are stocks to watch out in Friday's trading session

K Krithivasan: A lot riding on TCS CEO-designate's track record

Chennai, his base, is one of the biggest centres for TCS in terms of talent

Rajesh Gopinathan quits as TCS CEO; K Krithivasan appointed CEO-designate

Krithivasan shall take over as the CEO and MD of TCS in the next financial year

Under Rajesh Gopinathan, TCS turned into a slow-moving tech giant

Retained its edge in terms of Ebitda or operating margins over industry peers

TCS not considering layoffs, hiring impacted employees from startups

Tata Consultancy Services (TCS) is not considering any layoffs as it believes in grooming talent for longer careers once it hires an employee, a top official has said. The country's largest information technology services exporter is also looking to hire startup employees who have lost their jobs, its chief Human Resources officer Milind Lakkad told PTI in an interview. The comments have come amid IT companies, including big tech giants, the world over laying off people due to a slew of reasons. We don't do that (layoffs), we believe in grooming talent in the company(there will be) no layoffs, Lakkad said, replying to a specific question on whether there will be layoffs or involuntary attrition. He said many companies are forced to take such a step because they hired more than they wanted while the cautious TCS believes that once a staff member joins, it is the company's responsibility to make them productive and derive value. In cases where it finds a gap between the skill sets .

Indian IT firms start training employees in ChatGPT, other AI-related tech

AI models are expected to disrupt Indian IT firms and their access to talent, as they make some jobs redundant

80% of Wipro's employees will get 87% variable pay for the third quarter

Wipro has proposed to pay 87 per cent of the variable pay component to over 80 per cent of its workforce, according to a communication in the company's internal email

IT shares in focus; TCS hits 9-mth high; Tech Mahindra surges 11% in 2 days

Thus far in calendar year 2023, the Nifty IT index has outperformed the market by surging 10 per cent, as compared to 0.55 per cent decline in the Nifty 50

TCS expands partnership with UK's Phoenix Group, inks over £600 mn deal

This will be one of the largest deals for the company in the coming quarter

IT stocks extend gain; Persistent Systems, Coforge rise up to 16% in a week

Since January 6, the IT index rallied 9 per cent, as compared to 1.6 per cent rise in the Nifty50

Four of top-10 firms add Rs 82,481 cr in mcap; HDFC Bank, Adani Total shine

Four of the 10 most valued firms together added Rs 82,480.67 crore in market valuation last week, with HDFC Bank and Adani Total Gas emerging as the top gainers. While Infosys and HDFC were the other gainers, Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, State Bank of India and Life Insurance Corporation of India (LIC) faced erosion from their market valuation. Last week, the 30-share BSE benchmark Sensex climbed 360.59 points or 0.59 per cent. The valuation of HDFC Bank rallied Rs 33,432.65 crore to Rs 9,26,187.54 crore, the most among the top-10 firms. Adani Total Gas, the new entrant to the coveted list, added Rs 22,667.1 crore, taking its market valuation to Rs 4,30,933.09 crore. HDFC's valuation jumped Rs 17,144.18 crore to Rs 4,96,067.07 crore and that of Infosys climbed Rs 9,236.74 crore to Rs 6,41,921.69 crore. However, the market capitalisation (mcap) of Hindustan Unilever tumbled Rs 17,246 crore to Rs 5,98,758.09 crore. The valua