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Tata Consultancy Services
As much as 80 per cent of TCS' new hires will be talent with digital and Artificial Intelligence (AI) skills going forward, a top company official has said. With the share of AI-led work in overall revenue growing to 10 per cent in the recently concluded September quarter, the country's largest IT services company said a growth in the share of AI revenues will help it expand its profit margins, which remain below its aspirational levels. "Of the 4,500 that we have added in Q2, I would say safely 25 to 30 per cent are pure AI and total about 80 per cent is new age," the company's chief operating officer Arathi Subramanian told PTI here. When asked if the same proportion will continue going ahead as well, she replied in the affirmative and added that the desired talent is available in the market. When asked if it is advantage for freshers over the mid-career professionals in this sort environment, where their AI-nativity and relatively lower costs would be of help to the former, she
India's largest IT services company TCS feels that the US is unlikely to target tech companies based on their domicile and actions like last week's decision to suspend a green card application programme are driven by local sensitivities around jobs. TCS chief executive and managing director K Krithivasan said companies are "deeply ingrained" in the US' technology ecosystem and provide an important service. "I do not think the governments will really look at it from a domicile perspective. I think what the governments have been looking at is from an employment perspective," Krithivasan told PTI in an interview at the company's corporate headquarters here. Sensitivities around local job creation may be leading the governments to take actions like the one against the eight companies including TCS, Krithivasan said, stressing that the last week's decision has no material impact for the largest Indian IT services company. TCS, which has been sending staff to the US when clients demand s
Tata Consultancy Services (TCS) on Wednesday announced the launch of an Industrial Autonomy & Engineering Lab at its Sahyadri Park campus in Pune, which the IT major described as India's first lights-out factory lab aimed at advancing artificial intelligence (AI)-led manufacturing. A lights-out factory refers to a manufacturing facility where autonomous systems operate production lines with minimal human intervention. In a regulatory filing, TCS said the new facility houses a fully robotic battery pack assembly line. The live multi-stage setup will allow manufacturers to prototype, validate and scale AI-first production systems while reducing deployment risks. The facility simulates how self-optimising factories can automate workflows by combining digital twins, robotics, industrial AI, factory control systems and real-time operational intelligence, the company said. "With our state-of-the-art TCS Industrial Autonomy & Engineering Lab Lights-Out Factory, we are advancing TCS'
The combined market valuation of five of the top-10 most valued firms eroded by Rs 1 lakh crore last week, with IT bellwether TCS taking the biggest hit, amid a bearish trend in domestic equities. Last week, the BSE benchmark Sensex declined 489.92 points, or 0.62 per cent, and the NSE Nifty dipped 204.65 points, or 0.83 per cent. "Markets ended the week lower as elevated crude oil prices, renewed geopolitical uncertainty and mixed global cues weighed on investor sentiment," Ajit Mishra SVP, Research, Religare Broking Ltd, said. While Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India and Tata Consultancy Services (TCS) faced erosion from their valuation, Bharti Airtel, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India (LIC) and Hindustan Unilever were the winners from the top-10 pack. These five firms together added Rs 55,149.45 crore in market valuation. The market valuation of TCS eroded by Rs 34,263.28 crore to Rs 8,53,506.85 crore. Reliance ...