"We are seeing an uptick. There is a lot more clarity and certainty about projects and decision cycles. I'm quite positive and companies are wanting to adopt technologies and are making decisions," TCS chief executive officer and managing director N Chandrasekaran said on the sidelines of World Economic Forum on India in Gurgaon.
N Chandrasekaran, managing director and CEO of Tata Consultancy Services, maintains that his company has proved its adaption to merging trends by reporting consistent growth.
The country's largest information technology (IT) service provider, Tata Consultancy Services (TCS) is all set to expand its footprint in West Bengal, according to state IT minister Partha Chatterjee.
Nearly 490 million people of working age are outside the bounds of India's unemployment assessments. A decrease in the unemployment rate could signal economic growth, but could just as well mean that people have given up looking for work. A revealing excerpt from Tata Sons Chairman N Chandrasekaran and Tata Chief Economist Roopa Purushothaman's Bridgital Nation: Solving Technology's People Problem.
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.
The company has created eight stacks of related operating units, and the stack heads will report directly to chief executive officer N Chandrasekaran.
Further stimulus measures are expected in the upcoming Budget where the focus is likely to be on reforms, including some structural measures such as reducing red tape and boosting foreign direct investment. The meeting with industrialists is in the series of discussions that Modi has had during the last couple of weeks to seek suggestions to revive growth.
"The opportunity that we have ahead of us is much more than what we have seen in the past," says Natarajan Chandrasekaran.
The country's largest information technology exporter, Tata Consultancy Services (TCS), which currently derives about 27 per cent of its revenues from Europe, says though European companies lag behind their counterparts in the US in terms of outlook, Europe still is their priority.
The company reported 13.5 per cent rise in revenue to Rs 23,816 crore (Rs 238.16 billion) in the second quarter.
Aztec Software and Technology Services Ltd director M Chandrasekaran resigned.
Change of guard and strategy has rejigged the financials and order of top IT companies.
On the other hand, the group's two traditional cash cows, TCS and Tata Motors' subsidiary Jaguar Land Rover, are slowing as other businesses pick up pace
N Chandrasekaran, managing director and CEO of Tata Consultancy Services, talks to Business Standard on the growth outlook and why the current slowdown is unlike the one in 2008.
Attractions range from start-up challenges to non-monetary perks; employee stock options also play a role.
For N Chandrasekaran, managing director and chief executive officer of India's largest information technology services provider, Tata Consultancy Services, the fourth quarter and 2010-11 numbers were one of the best since the industry was hit by the recession.
Indian SMBs spent $11.9 billion in 2010 on IT and it is expected to grow to $48.5 billion by 2015.
The broadening of the market rally sends the signal that growth will be broad-based, observes Akash Prakash.
Tata Consultancy Services (TCS), the country's largest information technology (IT) services provider, has planned to launch what it terms 'SME Cloud' in a fortnight. Under which, it would provide hosted services for enterprises having a Rs 50-500 crore turnover.
According to sources, Chambers has led the $5-million funding round via his investment firm JC2 Ventures
'One of the strategies is to pick deals carefully. That means looking at sectors like energy, banking, insurance and also doing outsourcing.'
Infosys had guided for a revenue growth in the range of 11.5-13.5%, which has now been lowered to 10-12%.
India's largest information technology services provider, Tata Consultancy Services (TCS), beat analyst expectations on both net profit and operating margins during the fourth quarter ending March 31.
Snapdeal CEO Kunal Bahl said those who do not perform will have to leave.
It is a reinforcement of the principles and forthrightness that prevails in our judicial system, which should make all of us proud of our country and its democracy.
JLR, the maker of Jaguar F-Type and Range Rover Evoque, was a jewel in the crown of Tata Motors till two years back. But, it has been struggling because of the pending Brexit, a sharp contraction in sales in China, a shift in consumer preference from diesel to gasoline in Europe, higher taxes on diesel vehicles, and tightening regulations.
TCS has a presence in the US, Latin America, China, the Middle East and European countries.
Summary of sports events and persons who made news on Wednesday
The Rajabai Clock Tower and Library have received a magnificent makeover.
Bombay House will be closed for renovation - its first such closure in 93 years
After Rs 800 million makeover, Bombay House reopened on July 29, 2018. The earlier dull interior with low technology has given way to a lot more colour and vibrancy.
TCS's chief operating officer and executive director, N Chandrasekaran, tells Shivani Shinde he'll focus on cost efficiency.
'With a strong customer base, we will continue to focus on customer-centric services, offer integrated full services, a global delivery model, tap emerging markets and increase our non-linear capabilities.'
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.
In an earlier interview, chief operating officer N Chandrasekaran had voiced this concern and said TCS was taking some measures. The impact was also evident on the overall revenue contribution, which fell to 4.7 per cent in FY09 from 5.2 per cent in FY08. TCS' head for Apac, Girija Pandey, feels the region will continue to be volatile till they reach a certain level.
Compared to the last 40 years (of TCS' existence), this is by far the most challenging time. The last nine months, in particular, were quite challenging. Some of our top financial services customers were in a difficult situation.
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.
Largest industry gift to CMU and largest gift from outside US will support new facility and student scholarships
To add 1,500-2,000 people in the next 12 months.
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