'I think Ratan felt he had to do everything that he could to retain control of the company started by his forefathers, because that was the first priority and nothing else mattered compared to that.'
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.
'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.'
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.
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.
Bombay House will be closed for renovation - its first such closure in 93 years
To add 1,500-2,000 people in the next 12 months.
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.
Largest industry gift to CMU and largest gift from outside US will support new facility and student scholarships
Summary of sports events and persons who made news on Wednesday
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.
During the first three quarters of 2014-15 alone, TCS has made a lateral hiring of over 1,500 experienced professionals with core digital skills.
Who will replace Chandra at TCS if moves to Tata Sons?
The broadening of the market rally sends the signal that growth will be broad-based, observes Akash Prakash.
Vijay Antony seems to have gone out in providing a commercial fare -- more than half the album is comprised of two past mega-hits, and one international hit. The album works because of these original artists. Regretfully, he can't claim credit for creating the 'remixed' songs (unless you take in lewd lyrics and remix credit). Pandhayam wouldn't make any impact without them.
Cognizant said on Tuesday it will invest $200 million by the end of 2008 to set up centres across the country. "We will spend $200 million (about Rs 800 crore) to build techno-complexes in Chennai, Coimbatore, Hyderabad and Kolkata," Cognizant chief.
Tata Consultancy Services plans to open its third IT centre in China in the current fiscal and increase its headcount five-fold to 5,000 by 2010, a senior official said on Friday.
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.
The deal between Bharti group and Tata Teleservices is yet another example of how swiftly things can change in business.
TCS had in recent weeks been the subject of reports of a large number of layoffs.
A financial turnaround in Tata Steel and Tata Motors has come as a shot in the arm for Chandra.
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.
West Bengal Chief Minister Mamata Banerjee's maiden visit to the financial capital Mumbai drew an enthusiastic response from India Inc with industry captains queuing up to attend the meeting called by her.
The company's revenue rose 16.08 per cent to Rs 25,668 crore.
He claimed that the LTTE would welcome any initiative taken by the Indian government to solve the ethnic strife in his country.
The corporate sector should give priority to building toilets in schools as part of their corporate social responsibility initiatives.
TCS' customer focus has been central to its recent success.
Neemuchwala will be a big asset when it comes to setting things right.
'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.'
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.
TCS will manage Diageo's global IT infrastructure, data centres and servers, in addition to providing service desk support to employees, TCS said in a statement.
IT major Cognizant Technology Solutions said on Friday that its development centre in China was expected to get legal status by August-end and the operations would be headed by Henry Yang, a Chinese native.
HR BPO comes to about 33 per cent of the outsourcing pie. India has immense potential as more than 80 per cent of Fortune 1000 companies will discuss offshore BPO as a way to cut costs and increase productivity, says an expert.
Half a dozen names are doing the rounds as replacement for Cyrus Mistry as the chairman of the Tata Group.
Tata Consultancy Services on Thursday said it will give out one-time bonus to employees that will be cost it Rs 2,628 crore.
