Page 17 - Tcs

Work from office: We're trying to build careers, says TCS chairman

Chandrasekaran also remarked that the reason for the rising number of cases is also because of higher awareness

Indian overseas spending hits all-time high of $31.7 billion in FY24

The yearly remittance data shows a robust inclination among Indians towards international travel, with expenditures totalling $17 billion in FY24

TCS, ONGC, SAIL, Ujjivan SFB, Trident among nine stocks to track on May 21

In the domestic market, foreign institutional investors (FIIs) offloaded shares worth Rs 92.95 crore, on May 18. Meanwhile, domestic institutional investors (DIIs) sold shares worth Rs 152.87 crore

From Infosys to HCLTech, majority of IT firms support hybrid work model

But a large chunk of firms representing the $200 billion industry says that the nature of work in future is going to be 'hybrid'

Global investors' preference for AI hits India IT stocks' heft as tech bets

Traditional software companies' earnings and valuations are at risk because their business models are not evolving with the times, said Deven Choksey, managing director of DRChoksey FinServ Pvt

86% of executives have deployed AI to enhance revenue: Global TCS study

Companies realising that being 'AI mature is a marathon, not a sprint', it says

81% of biz leaders want global regulations, standards on AI: TCS survey

An overwhelming 81 per cent of chief executives and senior leaders have pitched for a global set of regulations and standards on artificial intelligence, a survey by TCS said on Wednesday. The survey of 1,300 leaders from companies having over USD 1 billion in revenue each was, however, not so clear on the impact of AI on jobs and showed mixed expectations. According to the survey, respondents have advocated ethical AI frameworks that guide responsible use, especially in sectors where AI decision-making impacts significant socio-economic factors like healthcare and finance. "Interestingly, an overwhelming 81 per cent of the leaders polled have asked for a more 'global' set of regulations and standards on AI," TCS chief executive K Krithivasan said in his foreword to the report. Only 4 per cent of the respondents in the survey carried out this year felt that it is too early or unnecessary to regulate AI, while 14 per cent said they prefer a "heterogeneous environment" of local ...

Stocks to watch on May 14: Shriram Finance, Zomato, DLF, TCS, Maruti Suzuki

Shriram Finance announced that board has approved the sale of its housing finance subsidiary Shriram Housing Finance to Warburg Pincus for Rs 4,630 crore

TCS announces creation of Global AI Center of Excellence in Paris

TCS has continuously ramped up its investments in France, since commencing operations in 1992. With the acquisition of TKS- Teknosoft in 2006, and of Alti in 2013

Here's how much royalty Tata Group companies will pay for the Tata name

Tata Group companies pay a brand subscription fee for the privilege of using the 'Tata' name. Here is how much they will need to pay now

Tata group directors to meet in Mumbai on May 20 to talk future vision

The group had earlier put a cap on the brand subscription fee to group firms and this has now been lifted, leading to higher payout by TCS, said a source

TCS' outlook improving after 2 years of recessionary fears: Chandrasekaran

GenAI will we have impact 'not previously seen or imagined', says IT company's chairman

TCS CEO Krithivasan's salary for FY24 at Rs 25 cr, COO earned Rs 26.18 cr

Krithivasan's remuneration includes his that for his previous role as company's global head for BFSI

The expendables: Is the COO position becoming redundant in India?

The COO position is being reassessed as leadership roles get recalibrated and leaders and boards want to keep their structure flat and nimble to make decisions faster than ever before

Cognizant Q1 profit declines 6% to $546 million, revenue dips 1.2%

2024 full-year revenue guidance unchanged at -2% to 2%; firm signed 8 large deals during the quarter with TCV of $100 million each

'AI could replace the need for call centres': TCS CEO Krithivasan

K Krithivasan believes that the demand for IT talent will always increase and employment will not be in trouble

Linking variable pay to attendance: What's the TCS row over bonus pay?

A portion of the variable pay (bonus) is now tied to how often employees come to the office.

TCS, Infosys, Wipro see salary bills surge even as revenue growth slows

Lateral hiring in high-demand sectors like artificial intelligence (AI), machine learning (ML), cloud, and engineering services are the reason behind the surge

Mcap of 6 of top 10 valued firms at Rs 1.40 trillion; TCS, Infosys lag

The combined market valuation of six of the top 10 valued firms eroded by Rs 1,40,478.38 crore in a holiday-shortened week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the maximum hit. Last week, the BSE benchmark declined 1,156.57 points or 1.55 per cent. Stock markets were closed on Wednesday on account of Ram Navami. While Reliance Industries, HDFC Bank, Bharti Airtel and Life Insurance Corporation of India (LIC) were the gainers from the top-10 pack, TCS, ICICI Bank, State Bank of India, Infosys, ITC and Hindustan Unilever suffered erosion in their valuation. The market valuation of TCS tanked by Rs 62,538.64 crore to Rs 13,84,804.91 crore, the most among the top 10 firms. Infosys faced an erosion of Rs 30,488.12 crore from its valuation which stood at Rs 5,85,936.45 crore. Shares of Infosys on Friday ended nearly 1 per cent lower after the company's revenue growth guidance for FY25 failed to meet market expectations. The market capitalisation (mcap) of

TCS, Infosys, Wipro see exit of 64,000 employees in FY24 amid low demand

India's largest IT services companies Tata Consultancy Services, Infosys and Wipro saw a staggering 64,000 employees exiting in FY24, amid a weak demand environment globally and tighter tech spends by clients. Wipro, which announced its Q4 earnings on Friday, reported a fall in headcount numbers to 2,34,054 as of March 2024, against 2,58,570 in the year-ago period. Headcount declined by 24,516 during the financial year ended on March 2024. "...immediate headcount reduction has happened primarily driven by the market and demand environment as well as the operational efficiency which we have driven, which is reflective in our margins," Saurabh Govil, Chief Human resources officer at Wipro said. In the long term, as the company moves into more IP-based platform and Artificial Intelligence (AI), there could be divergence coming in terms of headcount growth, he added. India's IT services industry - a USD 254 billion powerhouse - has been feeling the heat of global macroeconomic ...