As the Ratan Tata Endowment Foundation and Trust are new entities, the continuous CSR fund flows from Tata Sons will help it undertake new projects.
If growth reverts to the pre-Covid level, a lot of people may have to temper their rosy optimism, points out Debashis Basu.
The good news is that salary hikes are expected, though it is uncertain when they will be implemented.
Tata Consultancy Services, India's largest software exporter, hired 100,000 freshers in the financial year 2021-22, more than in any other year. That means an average of 8,300 trainees joining the company every month. This is not merely a mathematical calculation: hiring of freshers at the top IT companies is no longer a compressed affair confined to the campus season.
We have created centres of excellence in areas like user interface design, user experience, cyber security - all the things required to bring the solutions to the market, says N Chandrasekaran.
The deal highlights industry's growing interest in Fance and Germany.
An increase in orders and foreign exchange gains boosted earnings.
Tata Consultancy Services, India's number one information technology services company, could overtake Infosys to become the most profitable one for the first time on a full-year basis in 2012-13.
Higher price tag and soaring fuel costs have swayed buyers away from the ultra compact car over the months.
Tata Consultancy Services, India's largest information technology services company, says visa rejections have gone up significantly compared to a few years ago.
TCS, India's largest IT company, has appointed and approved current TCS chief operating officer and executive director N Chandrasekaran as the CEO and Managing Director-designate.
Natarajan Chandrasekaran (called Chandra by colleagues and friends) will take over as the managing director and chief executive officer from Ramadorai on October 6.
In a bid to reduce costs and increased offshoring focus, Tata Consultancy Services, India's largest information technology company, has recalled close to 1,200 employees from the US and has decided not to hand out any salary increment this year.
"India is one of our focus markets, where we have crossed $500 million in (annual) revenue. Our India business has been growing in double digits for the last few years and we expect to continue this, as IT spending in the country is expected to rise further," said N Chandrasekaran, executive director and chief operating officer of the company. India contributed close to 8 per cent to the company's Rs 278.13 billion turnover in fiscal 2008-09.
Tata Consultancy Services, India's largest outsourcing company, plans to list the company on the London Stock Exchange, its chief executive officer Subramanian Ramadorai has indicated.
Tata Consultancy Services, India's largest software exporter, will embark on a massive brand building exercise, starting early next fiscal and said it expects its joint venture subsidiary with Microsoft in China to be operational by June this year.
Operating Income crosses $ 1 billion; Q4 revenues at $1.2 billion; up 8% Q-o-Q.
Tata Consultancy Services, India's largest software exporter, on Monday reported a 44.9 per cent jump in net profit to Rs 1,116 crore (Rs 11.16 billion) in the third quarter of this fiscal.
Infosys, however, remains the 'dream company' in the IT arena, while MNCs occupy the maximum mindshare of professionals.
Tata Consultancy Services, India's largest IT company, sold 50 per cent stake in Intelenet Global Services Ltd to Housing Development Finance Corporation Ltd for Rs 161 crore (Rs 1.61 billion).
The IT major also posted revenues of Rs 2,982.60 crore (Rs 29.826 billion) for Q2, up 10.2 per cent q-on-q.
We'll see what happens with Brexit. Either way, there will be technology spends because people have to develop and modify new systems.
Technology, not just cost, is key to IT's future.
The TCS results are probably a pointer to the subdued outlook.
Sector added only 200,000 employees in FY16, down from 230,000 in FY15
Firms to find alternative export routes or face increased trade barriers
This was among the few times that TCS had to deploy rapid application development mode, which means changes in the application happen on-the-go.
While the two high-profile exits in pharmaceutical and telecom have raised concerns over regulatory hassles in the country, Japanese investors are still keen to tap into India's consumer growth story and many more merger and acquisition deals are in the offing in this space.
While TCS, Infosys and Cognizant have hinted at a weak quarter, analysts say the slowdown is cyclical and growth will return after the US elections
Prime Minister Narendra Modi is likely to urge Tim Cook to begin manufacturing its prized iPhones in India.
In September, Sebi had given a six-month extension to companies.
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