A financial turnaround in Tata Steel and Tata Motors has come as a shot in the arm for Chandra.
Abidali Neemuchwala, who had joined Wipro in 2015 as group president and chief operating officer, was also given 200,000 in stock options in the financial year ended March 2016.
N Chandrasekaran saw his annual compensation rise to Rs 25.6 crore.
The merger, in which TCS will hold 51 per cent stake and Mitsubishi 49 per cent, will create a new IT services company of significant scale in the Japanese market with annual turnover of over $600 million.
India seeks greater market access for its products including textiles, pharmaceuticals and bovine meat.
Appointing Neemuchwala is seen as a big shift for Wipro.
The firm now has employee strength of 344,691.
A chess buff, Neemuchwala enjoys volunteering, travelling, Indian music, reading fiction, and golf.
Betting big on the 'Internet of Things' as the third major wave in technology space, IT major TCS' chief N Chandrasekaran has said that going digital was no more an option, but a default now.
At the end of 2018-19, the Tata group had a consolidated debt of Rs 2.77 trillion. Tatas not only plan to avoid big-ticket acquisitions for now, the group's main focus will be on improving key metrics and reduce debt, say Shally Seth Mohile & Dev Chatterjee.
Rajesh Gopinathan, who took charge as chief executive of TCS on Tuesday, said he and his newly appointed team will ensure sustenance of the company's growth momentum and continuous evolution of its strategy.
The revenue also rose 14.2 per cent to Rs 29,305 crore (Rs 293.05 billion).
Cook is scheduled to meet top honchos of India Inc later during the day
'Tata A&D, when formed, will be better equipped to execute larger and more complex projects and be more globally competitive as part of the global supply chain.'
Tata, who attended the annual gala event at the National Centre of Performing Arts after five years, was alluding to Chandra's presentation on the performance of the Tata group of companies.
Shareholders want to know what plans does company have to address the issue
A committee suggested that CSR expenditure be made tax deductible, in order to incentivise spending by companies. It also said that CSR should not be used as a means of resource-gap funding for government schemes.
The broadening of the market rally sends the signal that growth will be broad-based, observes Akash Prakash.
The steelmaker's India basket grew after Tata Steel completed its acquisition of Bhushan Steel under the Insolvency and Bankruptcy Code process and its subsidiary, Tata Sponge, acquired Usha Martin.
TCS employs more than 60,000 across its 13 centres in Chennai.
As the WEF summit draws to a close on Saturday, a few big names from India including Mukesh Ambani and Anand Mahindra were missing in action while Pakistan Prime Minister Nawaz Sharif and Jordan's King Abdullah II were among global leaders who cancelled their trips at the last moment.
TCS reported a 5.8 per cent rise in revenue at Rs 27,165 crore.
Several leading industrialists, including Reliance Industries CMD Mukesh Ambani, Vedanta Resources Limited executive chairman Anil Agarwal, chairman emeritus of Tata Sons Ratan Tata, Mahindra Group chairman Anand Mahindra, Paytm Founder and CEO Vijay Shekhar Sharma, Welspun Group chairman and Assocham president B K Goenka, attended the swearing-in ceremony.
Under the eight-year association, TCS will take on the role of Title Sponsor of the New York City Marathon in 2014, the software major said in a statement.
With the theme 'Smart Mobility, Smart Cities', the company's display at the Auto Expo is focusing on intelligently-connected cities designed to offer convenience, safety, security, and efficiency to its customers.
Mistry said he hoped the company would soon take a decision on appointing a woman as director on the board.
TCS on Thursday said the digital segment is the fastest-growing revenue stream, accounting for 12.5 per cent of the overall sales of the IT giant which sounded confident of surpassing the $5-billion target in the segment over the next five years.
In 2010, TCS's brand value was $2.3 billion.
The 2019 list shows a 37 per cent jump in brand value for the Tata group, to $19.55 billion for 2019, the highest in the top 25.
Cognizant jumps 13 ranks to become 4th most valued.
The multi-brand strategy could drive profitability to a 25% profit margin in the next five years from 17% now.
In a grand ceremony with overtones of a United States presidential inauguration, heads of state and government, India Inc honchos, opposition leaders, Bharatiya Janata Party members and showbiz stars rubbed shoulders as they watched President Ram Nath Kovind administer the oath of office to India's 58 new ministers.
Among the businesses that need consolidation are retail and defence
Tatas' best bet would be to find an insider who understands the systems, say headhunters
There has been a distinct trend change in the micro-indicators like rising auto sales and consumer confidence index in the last 20 quarters, Chandrasekaran stated.
At TCS, Chandrasekaran would be succeeded by Rajesh Gopinathan, currently the company's chief financial officer.
Tata Consultancy Services (TCS) said it will hire 55,000 employees this fiscal, including 25,000 freshers.
Infosys continues to be interested in acquisitions.
Any changes in the visa regime may result in higher operational costs and shortage of skilled workers for the $110 billion Indian outsourcing industry.
The company reported 13.5 per cent rise in revenue to Rs 23,816 crore (Rs 238.16 billion) in the second quarter.
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