While TCS cited evolving business needs and future readiness as reasons, industry experts say the action is a cost-cutting measure aimed at improving operating margins that have remained below the firm's aspirational range despite multiple efforts.
'...as then it brings them closer to the complaints and grievances that the public faces.'
Tata Sons chairman N Chandrasekaran on Thursday skipped the Annual General Meeting of Tata Consultancy Services (TCS), marking his absence from the group's shareholder gathering for the second consecutive day. This is the first time in over 17 years that Chandrasekaran, who was elevated as the chairman of the diversified conglomerate after working as TCS's chief executive, has missed the AGM of the largest IT services company.
The private consortium would invest more than Rs 1,200 crore over the next five years to launch a constellation of 12 state-of-the-art Earth Observation satellites equipped with panchromatic, multispectral, hyperspectral, and microwave SAR (synthetic aperture radar) sensors.
Delivering the sermon, he said election and "resolution of the Kashmir issue" were two different things.
ISRO chairman announces plans for nine major launches by the end of the fiscal year, including the Blue Bird Block2 communication satellite for the US in collaboration with NASA.
Reliance Industries has built four high-powered growth engines of retail, digital services, media and entertainment, and new energy to propel the conglomerate's next phase of expansion, Chairman Mukesh Ambani said. Parallelly, Reliance is reshaping itself into a new-age deep-tech enterprise, he said in a message to shareholders in the firm's latest annual report.
Reliance Group Chairman Anil Ambani on Tuesday appeared before the Enforcement Directorate here for questioning in a money laundering case linked to alleged multiple bank loan fraud cases worth crores of rupees against his group companies, official sources said.
Bangladesh's Election Commission has announced that general elections will be held in the first week of February 2025. The announcement comes amid concerns about ensuring a free, fair, and impartial election. The BNP is expected to participate, potentially without its former ally, Jamaat-e-Islami.
The USA's steep 50 per cent tariffs on Indian goods entering America will severely impact exports and job creation in labour-intensive export sectors such as shrimp, apparel, leather and gems and jewellery. Exporters said that the imposition of a 25 per cent penalty on India over and above the 25 per cent tariffs move will disrupt the flow of Indian goods to its largest export market.
The death toll from the explosion at the Sigachi Industries' pharma plant in Pashamylaram has risen to 35, police said on Tuesday.
Housing demand should improve nationwide after the Reserve Bank of India (RBI) cut the repo rate by a larger-than-expected 50 basis points (bps) on Friday, said real estate industry executives. The rate cut comes after housing sales in top Indian cities in the first quarter of 2025 dipped 28 per cent due to skyrocketing residential property prices and geopolitical headwinds, according to Anarock.
The Enforcement Directorate has summoned Reliance Group Chairman Anil Ambani for questioning in a money laundering case linked to alleged bank loan fraud.
The crash has dealt a blow to the conglomerate's efforts to turn around Air India, especially following its merger with Vistara in 2024.
'An HAL-private sector tieup is a possibility.'
Ron Malka, former envoy of Israel to India, has said that he has assumed charge as the executive chairman of the Haifa Port Company (HPC) owned by a consortium led by the ports-to-energy conglomerate Adani Group. A consortium of Adani Ports and Special Economic Zone (APSEZ) and Israel's Gadot Group won the tender in July last year to privatise the strategic Port of Haifa in Israel for $1.18 billion. "I'm honoured and privileged to take office today as executive chairman of the Haifa Port Company, on behalf of @AdaniOnline.
N Chandrasekaran was on Friday reappointed as chairman of Tata Sons for a second five-year term. Tata Sons in a statement said the reappointment was ratified by the board. "At its meeting on 11 February 2022, the Board of Tata Sons reviewed the last five years and considered the reappointment of its executive chairman N Chandrasekaran," it said in a statement.
In a move that signifies a major leap for India's aerospace manufacturing capabilities, the collaboration will establish a final assembly line for the Falcon 2000 jets in Nagpur, Maharashtra.
Electronics manufacturing services firm Dixon Technologies is setting up a Rs 1,000-crore facility near Chennai and signed a Memorandum of Understanding with the Tamil Nadu government on Wednesday. The factory, which will come up at Oragadam in neighbouring Kancheepuram district, is expected to generate 5,000 jobs in the region, the state government said.
The relations between India and Pakistan could be a potential spoiler if both the teams enter the final, but that is a situation which will be dealt with at that point of time.
Sports Minister Mansukh Mandaviya said the Sports Bill is a key reform aimed at building a "transparent, accountable and world-class sports ecosystem" in India.
With the rise of wellness tourism and experiential travel, specialised jobs are being created in spa management, event planning and local experience curation, besides social media management.
In a high-risk military operation early Sunday, the United States launched coordinated airstrikes on three of Iran's most fortified nuclear sites -- Fordo, Natanz, and Isfahan -- marking a decisive escalation in the ongoing Israel-Iran conflict.
The National Stock Exchange (NSE) has offered to pay Rs 1,388 crore to the Securities and Exchange Board of India (Sebi) to settle the colocation and dark fibre cases, potentially clearing the way for its much-awaited initial public offering (IPO). This is the biggest-ever settlement plea made with the markets regulator.
'We're witnessing a consistent surge in audience demand for IMAX screenings, particularly for high-octane, spectacle-driven films.'
Noted industrialist Rahul Bajaj will step down as non-executive chairman of Bajaj Finance on July 31, after being at the helm of the company for over three decades.
While demand for sub Rs 50-lakh affordable housing prevails, market players cite increased land rates, escalated construction costs and low margins as key prohibiting factors.
Tata Motors is hoping to beat its target year of 2030 and have 30 per cent of its portfolio comprising electric vehicles (EVs), according to Chairman N Chandrasekaran, who was speaking at the company's last annual general meeting (AGM) ahead if its demerger.
'His willingness to take the initiative to fight for truth and justice and his willingness to cross swords with anyone for a just cause.'
Tata Steel's UK operations, which have largely been a struggle since the acquisition, are expected to turn earnings before interest, tax, depreciation, and amortisation (Ebitda)-positive this financial year (2025-26/FY26) and possibly profitable by the next. Responding to shareholder queries at Tata Steel's annual general meeting, Tata group chairman N Chandrasekaran said, "We expect the UK to perform much better this year compared to last year - it will definitely be Ebitda-positive."
The stadium will be part of a wider regeneration of the Old Trafford area, with British finance minister Rachel Reeves recently giving government backing for the plans.
India's pharmaceuticals and medical devices industries are still hopeful that trade negotiations with the US could cut a fairer deal for both sides, after President Donald Trump announced a 25 per cent tariff rate on India on a social networking platform without divulging the finer details.
India's largest IT services company TCS believes that generative artificial intelligence (AI) is not just another tech cycle but a "civilisational shift" which will positively benefit every industry.
'The launch of Axiom 04 slated for 11th June 2025 for sending first Indian Gaganyatri to ISS is postponed.'
India would neither succumb to the Americans on issues of national security, such as its defence ties with Russia, nor cede ground on its domestic interests in the agriculture and dairy sectors.
Hyundai Motor India Ltd has become the country's fifth most valuable auto firm by market valuation in its debut trade on Tuesday. Shares of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, listed at Rs 1,931, reflecting a decline of 1.47 per cent against the issue price of Rs 1,960 on the BSE earlier in the day. The stock slumped 7.80 per cent to Rs 1,807.05 during the day and finally ended at Rs 1,820.40 apiece, down 7.12 per cent.
By getting Jagdeep Dhankhar to resign at short notice, Narendra Modi has sent a message to his own ideological clan that he brooks no one trying to get too big for their boots, observes Modi biographer Nilanjan Mukhopadhyay.
The first fuselage sections are expected to roll off the assembly line in financial year 2028, with the facility expected to deliver up to two complete fuselages per month, Tata Advanced Systems Ltd (TASL) said.
Supreme Court judge, Justice B R Gavai, expressed hope that the "current difficult phase" in ethnic strife-torn Manipur will be over soon with the assistance of the executive, legislature and judiciary and the state will prosper like the rest of the country. Justice Gavai, who led a delegation of Supreme Court judges that visited Manipur, called upon the people of the state to work together to restore peace and harmony. He also urged the people of the state to work together to restore peace and normalcy, and lauded the natural beauty he witnessed while travelling from Imphal to Churachandpur. He expressed delight in noting that training programmes were being imparted at the relief camps, and thanked the Chief Justice of Manipur High Court and the district legal services authority for their efforts. Justice Gavai also stressed the need for readmission of students who had to drop out of school due to the conflict and called upon the educational institutions and the public to ensure all students complete their education.
The panel will examine the reasons behind the emergence of dummy schools and their role in encouraging full-time coaching at the cost of formal schooling, and will suggest ways to mitigate the issue.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances