Page 17 - Tata Consultancy Services

Combined revenue of listed Tata group's firms tops Rs 10 trillion

But its FY18-FY23 revenue CAGR lags India's GDP growth

TCS to develop its own ChatGPT with focus on enterprise code generation

TCS is expected to release some of these solutions by the last quarter of this financial year

IT firms give staffing companies a miss, fill vacancies internally

Companies were doling out up to 100 per cent hikes to hire top IT talent only a year ago, the situation has completely changed today

Here's how K Krithivasan will spend his first six months as TCS CEO

Krithivasan will take over as the chief executive officer of Tata Consultancy Services on June 1. Here's how he intends to spend the first six months

TCS may consider giving 12-15% hikes to top employees to curb attrition

TCS is also planning to raise base salaries in its campus recruitment drives. If implemented, this is likely to make Infosys, HCL Technologies, and Wipro follow suit

TCS to continue investments in R&D and technology: CFO Samir Seksaria

Country's largest IT services company TCS will continue investing in research and innovation, office spaces and technology infrastructure at the same pace even as it wades through near-term volatilities, a senior official has said. The company's promise to continue with the normal wage hikes will hit the operating profit margins by a further 1.70-1.75 per cent in the June quarter, its chief financial officer Samir Seksaria said, adding that the key number will stabilise going ahead into the new fiscal. He said the company typically spends Rs 1,200-1,500 crore in research and innovation and Rs 3,000-4,000 crore as capital expenditure on back-end technology needed to deliver work and office spaces, and the same should continue going ahead. "...we continue to invest, we continue to invest in talent, we continue to invest in research, into innovation, into branding and into IT. And we don't believe there should be any reason for that to be any different from what we have always done," .

TCS slips nearly 2% on weak management commentary post Q4 results

Management indicated weakness in the US on account of deferrals in discretionary spending from clients, with the BFS vertical being the most affected

Stocks to Watch: TCS, Infosys, Karnataka Bank, FRL, Jindal Stainless

Stocks to Watch today: Analysts expect Infosys to report muted quarter-on-quarter (QoQ) revenue growth between 0.1-0.7 per cent in constant currency (cc).

K Krithivasan to take over as CEO of Tata Consultancy Services from June 1

Krithivasan during the media briefing said that his immediate focus will be to meet customers

TCS Q4 net up 15% to Rs 11,392 cr; meets estimates but revenue disappoints

Revenue for Q4FY23 grew 16.9% YoY to Rs 59,162 cr, but missed Bloomberg estimate

Krithivasan to take charge as TCS's new CEO and MD from June 1

He will take over the charge from Rajesh Gopinathan, who last month decided to step down as MD and CEO of IT giant to pursue other interests

Sensex rises 235 pts, Nifty tops 17,800 in fag-end; Divis Labs zooms 10%

CLOSING BELL: Among sectors, the Nifty Pharma index leaped over 2 per cent today as India saw over 7,000 fresh cases of Covid-19

Stocks to Watch: TCS, HDFC Bank, Adani Ent, Sugar, Paras Defence, BHEL

Stocks to watch today: Lenders of debt-ridden Reliance Capital (RCap) have fixed April 26 as the new date for the second auction. As per the earlier schedule, it was to be held on April 11

TCS Q4 Preview: Revenue may rise up to 18% YoY; EBIT margin seen at 25%

Brokerages expect TCS deal wins to be strong in a broad range of $7-10 billion in Q4, while hiring is likely to be muted

Amid IT firm layoffs, top tech talent in demand among non-tech companies

Non-tech companies are taking steps to hire top talent from the IT sector in order to drive their organisations towards digitisation. Most of this demand is for experienced employees

TCS, Reliance, Adani eye Bengal 'Silicon Valley,' state govt moving swiftly

The government hopes that the 250-acre tech hub, located in New Town, Kolkata, will attract an investment of Rs 1 trillion and create 50,000 direct jobs

Tata Group planning to inject $2 billion into its super-app Tata Neu

Tata Neu allows users to buy groceries and gadgets as well as reserve airplane tickets and restaurants from brands under Tata

Discussions on at Tata Group to engage Gopinathan beyond Sept 15: Report

Tata Sons chairman N Chandrasekaran is learnt to have discussed the engagement of outgoing TCS MD and CEO Rajesh Gopinathan with the group beyond September 15 in an advisory role, according to sources from Tata Group. Tata Sons and IT behemoth Tata Consultancy Services declined to comment on the development. Tata Group sources, who did not wish to be identified, told PTI that there have been preliminary discussions between the two as the group needs reliable and experienced hands with its diversification into various technology domains. "Chandrasekaran has discussed with Gopinathan for his engagement with Tata Group in an advisory role after his notice period ends on September 15. There has been preliminary discussion," a source at one of Tata Group technology firms said. Gopinathan during his press conference has said that he has no immediate plans to engage with Tata Group in advisory roles. "As far as advisory roles go, my respect for advisors is exponentially growing. So, I wi

Leadership position

Large IT firms are witnessing changes at the top

As Rajesh Gopinathan signs out of TCS, here's what you need to know

The company has nominated Tata Group veteran K Krithivasan as CEO-designate, effective immediately