'India is often skipping legacy cycles and moving directly to advanced AI-driven operations.'
'We've not seen a crypto exchange come back after about 45 per cent of the value on the platform was impacted.'
'We sent just 500 people from India to the US on H-1B visas. There is no dependence on H-1B visas.'
Romance may be personal, but when it enters the workplace, particularly in reporting hierarchies, it becomes a matter of governance.
'What we see now is a much stronger need for data sovereignty.'
'There is a shift in what customers are thinking about in the long term and better planned structures are going to emerge as winners.'
'This is the time to be creative, use AI in real-time operations, and unlock new demand and aspirations.'
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.
'We have been following the micro-change philosophy, where every six weeks we implement these AI features into our internal systems, products, platforms and then release it to our employees.'
'Unless we consistently show up with the right cars, at the right time, priced fairly, we risk becoming irrelevant very quickly.'
'What is working is quality management, great teams, engineers, platforms, and highly differentiated services.'
'We also realised that locking customers to our Cloud was not fair to them.'
'The use of AI, especially genAI is only going to get worse, especially in an enterprise ecosystem.'
'Our AI strategy -- AI in Everything, Everything for AI, and AI for Everyone -- is now in action.'
'Our vision is to become a GenAI managed services provider.'
'Israel would make Iran and its proxies pay. They, along with Qatar, fund terror all over the world.'
'Our growth in banking, financial services, and insurance (BFSI) is a prime example.'
'GenAI programmes may not be large in terms of value, but have triggered a lot of new opportunities among clients.'
'Domestic investors are opening up to the idea of high-growth Internet companies as a pool of value creation.' 'They like the execution that they see with Zepto, and for us, that is the most important factor.'
'We added a significant number of freshers in Q1. You will see a good number of hiring in Q2 as well.'
'We are sure FY25 is going to be better...But to call out that all problems are behind us is a bit early.' 'The underlying business sentiment has not changed significantly.'
The Softbank-backed company has set a price band of Rs 72 to Rs 76 per share for the maiden share sale and is expected to test the appetite for new-age loss-making companies.
'We are looking at the next target which is to be a $1 billion ARR firm in the next 4-5 years.'
Sources within the Congress, including those who have been members of the teams that drafted its 2019 and 2024 Lok Sabha poll manifestos, said the Karnataka government decision lacked any empirical basis.
'It will drive a lot of surrounding business, that is where we see some good projects coming in.'
'We're putting a lot of focus on GenAI developers and people who can really do all the architecture and programming.'
'We will have a strong exit as our third quarter is strong.'
"Humble", "kind", and "spiritual" are some adjectives used to describe K Krithivasan, chief executive officer designate and global head of banking, financial services, and insurance business, Tata Consultancy Services (TCS), where he is an old stager. Krithivasan, based out of Chennai, has been part of the global technology sector for over 34 years. He joined TCS in 1989. During his long tenure at the company, he has held leadership roles in delivery, customer relationship management, large programme management, and sales.
'We do not see people getting reduced, but because of automation, we will do more work.'
'Our Q1 was almost flat, and there was very negligible growth in Q2, but the deal pipeline and the order book have been fairly significant.'
'Two in three creators in India who earn money from YouTube agree that YouTube is their primary source of revenue.'
India's largest IT services player Tata Consultancy Services (TCS) saw its $2 billion, 10-year deal with Transamerica Life Insurance Company come to an end even before the period was over. Transamerica is the subsidiary of American arm of Dutch insurer Aegon NV. This is not the first time such a long-term deal has been called off. Earlier this year, UK's National Employment Savings Trust (NEST), ended a $1.8-billion deal with French IT services player Atos.
'We have not seen too many large deals compared to last quarter.'
N R Narayana Murthy, co-founder of Infosys, blamed the venture capitalist community for inculcating a culture among entrepreneurs to chase growth at all costs. He said the VC model of investment looked like a ponzi scheme. "I would hold venture capitalists responsible who propounded the theory that only the top-line is important and not the bottom-line. "I think that is completely wrong. In many ways it looks like a ponzi scheme.
'...helping the government, citizens, and companies get the balance right.' 'As great as technology is, these are societal questions, not just technical ones.'
'Winning a deal is one aspect, making sure that we are able to execute it profitably is also important' says Rajesh Nambiar.
'Even during the pandemic we did it.' 'We think it's our responsibility to make sure that we manage the uncertainty.'
Indian companies are planning to increase investments in the new year to expand capacity, acquire companies, and go on a hiring spree, a survey of top executives showed. They, however, cited rising costs, weak consumer demand, and increasing interest rates as major concerns for 2023 which may impact their plans.
'Every time a new tech comes in, there are a set of people who will predict that this will be the end of Indian IT and every time the Indian IT industry and overall technology providers have proven to be resilient.'
'The skilling gap is a serious issue.' 'We partner with the government on skilling, but as a company we have several skilling programmes, and we work closely with the partner ecosystem.
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