Page 29 - Tcs

TCS defies tech-sector inertia: Top execs see salary hikes in FY23

Rajesh Gopinathan, who stepped down from the role of CEO and MD of TCS, saw his total remuneration go up 13.17 per cent for 2022-23 (FY23)

At Rs 29.16 cr, former TCS CEO Gopinathan earned 13% more in FY23 than FY22

Gopinathan received a compensation of Rs 25.75 crore, making him the fifth-highest-paid CEO in the Indian IT services sector

Here is what TCS Chairman N Chandrasekaran said about investing in AI

India's largest IT services company is significantly investing in building AI capabilities, said the TCS chairman

TCS launches data exchange and marketplace platform on Google Cloud

The platform enables enterprises to democratise and monetise data across ecosystems

How to avoid TCS when your child goes abroad for higher education

Are you sending your child abroad for higher education? If yes, these pointers can help you avoid high TCS charges

TCS selected as strategic partner of Teachers' Pension Scheme in Eng, Wales

The IT major has been awarded a 10-year contract to manage the second-largest pension scheme in the UK using a platform powered by TCS BaNCS

TCS denies strict warning to employees in return-to-office policy

Tata Consultancy Services clarified that it had not linked career or compensation to its return-to-office policy, following reports of memos being sent to employees

TCS set for 'exciting new journey ', says new CEO & MD K Krithivasan

New leader of India's largest IT services firm he is taking up role 'on the strength of friendships and relationships'

Combined brand value of Indian companies surpasses $100 bn: Interbrand

TCS tops the list, followed by Reliance Industries and Infosys

Top 4 IT companies see 40% drop in large client additions in FY23

Infosys is the only IT firm whose net client addition remained flat at 23 in FY23. All the other firms added fewer clients

'Period of tremendous growth': Gopinathan recalls 6-yr at helm in TCS

Change of guard at IT services giant today, with Krithivasan set to pick up baton

India Inc's dividend payout rises 26% to Rs 3.26 trillion in 2022-23

The dividend per share recommended by the top three corporations was more than double that of the previous year, with TCS again at the top of the list

Govt plans to link tax collected at source with tax deducted at source: CEA

The government is attempting to link tax collected at source for payments made by individuals with tax deducted from their income sources, a move that will help in ensuring cash flows of the individual taxpayers are not impacted, according to a senior official. The move also comes at a time when the government is set to impose a 20 per cent Tax Collection at Source (TCS) on certain international spends from July 1. Generally, TCS is the tax collected by a seller at the time of sale of goods or services while Tax Deducted at Source (TDS) is the amount levied as tax by the government. The government has exempted transactions up to Rs 7 lakh from the TCS, providing relief to small taxpayers. So, bulk of the transactions made by most will not be covered under 20 per cent TCS, Chief Economic Advisor (CEA) V Anantha Nageswaran has said. Defending the decision, he said, "And it (government) also attempts to link the TCS with your TDS such that if there are TCS payment made by you it has t

Zurich insurance company DIFC transforms biz operations with TCS BaNCS

TCS BaNCS for Property and Casualty is a complete insurance solution suite designed to manage a wide range of complex contracts and calculations with enhanced regulatory compliance and auditability

JLR partners with TCS to launch its open innovation programme in Israel

The programme will leverage TCS' Co-Innovation Network in Israel, to identify local technology offerings and scale them to global mobility solutions and services

Clarity needed on TCS levy on credit card payments, says tax experts

Tax experts on Monday sought clarity on the applicability of TCS on foreign payments of over Rs 7 lakh made via credit cards, saying it would be difficult for the I-T department to differentiate between personal and business visits. The government on May 16 issued a notification under Foreign Exchange Management Act (FEMA), which effectively imposed a 20 per cent TCS on international credit cards (ICC) spends in foreign exchange. ICC spending was brought under the RBI's liberalised remittance scheme (LRS). However, expenses incurred by an employee on a business visit when such expenses are borne by the employer, do not come under LRS and hence were exempt from 20 per cent Tax Collected at Source (TCS). Amid backlash from various sections of people, the government on May 19 decided to exempt ICC payments up to Rs 7 lakh a year from TCS. Experts, however, feel still there are grey areas which are needed to be addressed by the Income Tax department. Nangia Andersen India, Partner, Ne

TCS to leverage Google Cloud's generative AI to design custom solutions

Tata Consultancy Services has expanded its partnership with Google Cloud for generative AI offerings, the company said on Monday. Under the partnership, TCS will leverage Google Cloud's generative AI services to design and deploy custom-tailored business solutions for the clients. "Our launch partnership with Google Cloud on generative AI enables us to rapidly create value for our customers. TCS is investing in assets, frameworks, and talent to harness the power of generative AI to enable growth and transformation for our customers," TCS, Enterprise Growth Group, President, Krishnan Ramanujam said. TCS said it is working with clients in multiple industries, to explore how generative AI can be used to deliver value in their specific business contexts. The company said it has been investing in scaling its expertise in rapidly evolving cloud technologies. "TCS' expertise in business transformation and its commitment to train thousands of people on Google Cloud Generative AI will be .

TCS-led consortium secures BSNL 4G deployment order worth Rs 15,000 crore

Around 75% of the deal will go to TCS, say sources; consortium is expected to develop 4G core and RAN technology for BSNL's telecom services

TCS-led consortium wins Rs 15,000 crore BSNL 4G network rollout deal

Tejas Networks, a subsidiary of Tata Group, is a part of the consortium and will supply and service the radio access network equipment

Overseas debit, credit card payments up to Rs 7 lakh a yr out of LRS: Govt

These transactions will not attract tax collected at source