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.
To add 1,500-2,000 people in the next 12 months.
Largest industry gift to CMU and largest gift from outside US will support new facility and student scholarships
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 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.
Who will replace Chandra at TCS if moves to Tata Sons?
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.
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 deal between Bharti group and Tata Teleservices is yet another example of how swiftly things can change in business.
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.
A financial turnaround in Tata Steel and Tata Motors has come as a shot in the arm for Chandra.
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.
TCS had in recent weeks been the subject of reports of a large number of layoffs.
The company's revenue rose 16.08 per cent to Rs 25,668 crore.
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 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.
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.
'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.'
He claimed that the LTTE would welcome any initiative taken by the Indian government to solve the ethnic strife in his country.
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 Bangladesh cricket team was arriving for prayers at the mosque when the shooting occurred but all members were safe, a team coach told Reuters.
Neemuchwala will be a big asset when it comes to setting things right.
Half a dozen names are doing the rounds as replacement for Cyrus Mistry as the chairman of the Tata Group.
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.
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.
Tata Consultancy Services on Thursday said it will give out one-time bonus to employees that will be cost it Rs 2,628 crore.
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.
With this, the total strength of TCS's board has increased to 11.
The firm now has employee strength of 344,691.
The revenue also rose 14.2 per cent to Rs 29,305 crore (Rs 293.05 billion).
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