The CEO's compensation included a fixed salary component of Rs 6.07 crore, variable pay of Rs 10.96 crore and perquisites worth Rs 7.64 crore.
The revenue also rose 14.2 per cent to Rs 29,305 crore (Rs 293.05 billion).
On Friday, the stock was the worst hit among the 30 blue-chips on the Sensex
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
Though global IT services spending is likely to cross the $1-trillion mark to reach $1.031 trillion, growth rate will slow to 3.8% in 2019, compared to 6.7% last year according to reports
The candidates will be selected through a National Qualifier Test. The top 1,000 will be offered a much higher salary -- almost double of that being offered to peers.
TCS plans to build ignio as a standalone company.
While Tech Mahindra's Gurnani earned Rs 146 crore in 2017-18, his actual gross salary component was Rs 2.77 crore. Wipro's Neemuchwala, on the other hand, took home Rs 18.23 crore
The record in net addition from the top four was in 2016-17, of 59,427 employees.
Tata Consultancy Services (TCS) said it will hire 55,000 employees this fiscal, including 25,000 freshers.
Currency volatility to have negative impact of 275 bps
ignio has more than 75 patents filed in the artificial intelligence, machine-learning and intelligent-automation space
While there has been an improvement in the overall demand environment, the other reason expected to trigger this growth is the absence of a bench strength in most companies
The company reported 13.5 per cent rise in revenue to Rs 23,816 crore (Rs 238.16 billion) in the second quarter.
Any changes in the visa regime may result in higher operational costs and shortage of skilled workers for the $110 billion Indian outsourcing industry.
TCS said employee addition during the quarter stood at 18,362
The initiative, whose founding partners also include Accenture, CA Technologies, Cisco, Cognizant, Hewlett Packard Enterprise, Pegasystems, PwC, Salesforce and SAP, aims to bring competitive training content together on one platform to serve the greater good.
"Protectionism is not new. The attention that is given is because there is a political and emotional element to it." TCS COO N G Subramaniam on why his company is optimistic despite global headwinds.
The company's revenue rose by 11.7 per cent to Rs 27,364 crore.
IT major nears $100 bn m-cap, accounts for 61% of the group's combined valuation.
The Tata Group has close to 110 companies and Chandrasekaran plans to bring this number down to around five or six.
He however said, US has been a very welcoming market for TCS and has provided it with a fair, open and competitive environment
The country's largest software exporter Tata Consultancy Services on Monday reported a stellar 72.7 per cent growth in net profit at Rs 6,413 crore for the fourth quarter of last fiscal ended March 31.
'At any given point in time, we expect only 25 per cent of our workforce will need to be in office.' 'And any given person will only be required to spend only 25 per cent of their time in office.'
Higher dividend taxes, falling valuations make alternative shareholder payment attractive.
TCS will have to deliver higher revenues in the succeeding quarter of FY15.
The number of applications filed for H-1B visa this year was around 40 per cent higher than a year ago.
TCS moved into new markets like France, Japan thanks to acquisitions.
TCS is likely to hire hire 55,000 employees in FY15 .
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances