Usually, in the western view, corporate success is attributed to efficiency, organisational structure, and scale. R Gopalakrishnan and Harish Bhat argue that philosophy, culture, and the transmission of values are more important for sustaining growth and profitability of an enterprise over a period of time.
The decision was in contravention of the provisions of the master services agreement signed between the company and the Ministry of External Affairs (MEA) on October 13, 2008, says TCS
Stronger rupee likely to take a toll; Infosys results on April 13 to be keenly watched
Shareholders feel Cyrus Mistry is slowly slipping into Ratan Tata's shoes
Tata Consultancy Services (TCS), HCL Technologies and HDFC Bank are among the 50 best public companies in Asia-Pacific according to a compilation by Forbes, which ranked India second behind China as home to the "world's next growth engines".
Wipro makes it to the up-and-coming companies with potential to join the top 50 list.
Infosys, however, feels the high level of cash is an important tool to weather tough times.
One should appreciate the sagacity and audacity of JRD and Nani Palkhivala in founding TCS on April 1, 1968. At that time there was no Microsoft or Intel, SAP or Accenture, much less Google.
They needed a person who could build and execute their vision: A frontiersman; a problem solver and an institution builder. It was their and India's good fortune that Faqir Chand Kohli more than measured up to their requirements and indeed laid the foundation to take TCS to unimaginable heights and to the giant success that it is today. Shivanand Kanavi salutes the incomparable F C Kohli, who passed into the ages last week.
Perhaps, the group's leadership position and potential in the retail segment prompted Tata Sons Chairman Cyrus Mistry to identify retail as one of the group's four growth clusters in his recent Vision 2025 statement.
'After some time, they all want to know what is happening in their companies.' 'It is better they remain board members rather than talk outside.'
'I would not be running had it not been for the army.' 'I learned to value my time only after I was posted in Kashmir.' 'I was posted there for three months. In those three months I learned everything about life.'
Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Amid Trump's expected action against employment visas, India's bellwether IT firms reveal they have been preparing for this eventuality for years.
The Ebitda margin, too, was lower than the expected 29.1 per cent.
Preetisheel Singh lets us into some star secrets.
'We keep climbing one step and slipping three. In 2004, our relay team was 7th in the world. Then we slipped from there. Otherwise, today our 4x400 metres relay team would have been gearing for a medal at the Rio Games.' 'If we need to compete at the world level, our thinking needs to be at world level. You can't have akhada thinking.'
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