The company has nominated Tata Group veteran K Krithivasan as CEO-designate, effective immediately
'You can always look at any number as a parameter and create a trend. It's more like horses for courses'
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
Gopinathan said TCS is the market leader in its space, and has given industry-leading results
Krithivasan's time of taking over is interesting, especially with the agenda already being set
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
CLOSING BELL: IT major TCS ended marginally in red amid high volatility a day after Gopinathan's resignation. In the broader markets, realty stocks also ended with solid gains.
The board has nominated K Krithivasan as CEO designate with effect from March 16, 2023.
Rajesh Gopinathan, the outgoing TCS CEO, said that Krithivasan was chosen by the board and Tata Group chairman N Chandrasekaran
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TCS CEO Gopinathan resigned on March 16 and will be replaced by company veteran K Krithivasan
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Chennai, his base, is one of the biggest centres for TCS in terms of talent
Krithivasan shall take over as the CEO and MD of TCS in the next financial year
Retained its edge in terms of Ebitda or operating margins over industry peers
Anguished candidates wrote on one of Govil's posts that the company should either start the onboarding process or communicate formally that Wipro would not be taking their candidature forward
According to Jefferies, analysts' consensus revenue growth estimates for CY24 have been lowered for top clients of all IT firms, barring Wipro, with the highest cuts for HCL Tech and Tech Mahindra
/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has collaborated with mobility specialist ZF to revamp its multi-echelon supply chain with SAP Integrated Business Planning (SAP IBP) and Infosys Cobalt. Through this engagement with the aftermarket division of ZF, Infosys has implemented SAP IBP for demand planning and inventory optimization. Infosys was chosen to assist ZF on this transformation journey for its proven expertise in SAP IBP implementation and a plethora of in-house tools and accelerators, backed by efficient teams. As a part this initiative, Infosys leveraged its hybrid agile implementation methodology to replace multiple legacy demand planning tools at ZF Aftermarket, with a unified, global SAP platform. Further, by facilitating two-way flow of business-critical data between the new platform and external systems, Infosys has helped facilitate complex operations planning with .
In addition to this, TCS is also working towards renewing their existing five-year engagement with the UK-headquartered company
A mere 7 per cent of companies have the right combination of culture and operating structure to spur growth from digital technologies, according to a new research from the Infosys Knowledge Institute. The report -- based on a survey of 2,700 business executives across the US, UK, France, Germany, Australia, New Zealand, China, and India -- found that companies that make decisions based on high quality, transparent data and build a culture of responsible risk-taking are more likely to deliver profitable growth in tough macro-economic conditions. Moreover, organising around products, not process, gets new products to market faster, increasing early-mover advantage. The report by Infosys Knowledge Institute (the thought leadership arm of Infosys) found that nine out of ten companies lack the culture and organisational structure to unlock digital growth. It said only seven per cent of companies have the correct combination of culture and operating structure to boost growth from digital