'With Prime, TCS is making sure that we are able to secure the right high talent...' 'Colleges will make sure that students who are offered jobs in this category do not go for another company's hiring process.'
Telecom operator Bharti Airtel and IT major Tata Consultancy Services (TCS) have joined hands to build a 5G-based remote working technology using robotics, according to a joint statement. TCS during the trials has successfully tested two use cases of its Neural Manufacturing solutions on Airtel's 5G testbed in Manesar - remote robotics operations, and vision-based quality inspection, the statement claimed. "The 5G ecosystem will open limitless possibilities for enterprises to enhance productivity and serve their customers even better with digitally enabled applications.
Tata Consultancy Services (TCS) on Wednesday announced a mega-Rs 16,000 crore buyback plan at Rs 3,000 per equity share. In 2017 and 2018 too, TCS had undertaken buyback offers of similar sizes.
The scope of the project covers end-to-end IT infrastructure services, which will be provided from TCS' global delivery centres in the Netherlands, Hungary and India, TCS said in a statement.
The announcement comes in the wake of outsourcing and the ensuing flight of jobs to cheap labour countries like India becoming a contentious issue in the developed world.
The company also plans to recruit over 3,000 people on onsite in countries like Brazil, Uruguay, China and in Latin America, among others.
Europe may continue to reel from the shock of the global financial crisis, but even in these depressed circumstances Information Technology-related outsourcing remains surprisingly buoyant to the benefit of Indian firms like Tata Consultancy Services.
Over 6,500 would be recruited through campus recruitment.
Largest software exporter TCS said it will keep its campus hiring target flat at 25,000 next fiscal and also ruled out pay revision for those joining next year.
The company hires postgraduate and PhD students from A+ grade institutes to be part of its research team.
According to the Mumbai-headquartered company's Global Trend Report on social media, this average spending will rise to $24 million (about Rs 150 crore) by 2015.
TCS hopes the Rs 2,628-crore (Rs 26.28 billion) bonus to its employees will help contain the high attrition level.
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After announcing the September quarter results on Tuesday which showed a 34 per cent increase in net profit to Rs 4,702 crore (Rs 47.02 billion), its chief executive officer and managaing director N Chandrasekaran had hinted at ramping up hiring for the fiscal.
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