Tata Consultancy Services (TCS) is excited about the opportunities in India’s IT industry and its expected growth. TCS CEO, K Krithivasan, believes that India offers many opportunities and choosing not to participate in the Indian market would be a big miss. TCS, the largest software services exporter in India, is also focusing on new markets like the Middle East, Africa, and Latin America. The company expects these markets to grow faster and act as a cushion for growth during tough times.
Wipro announced the departure of its expatriate CEO Thierry Delaporte and the appointment of Srini Pallia as the new CEO. Delaporte, the first European executive to lead Wipro, will leave to pursue other interests outside the workplace. Pallia, a company veteran, will take charge on April 7. Wipro has been facing challenges and underperformance in recent years, and Delaporte’s tenure saw an exodus of senior leadership. The market saw the CEO transition coming, and experts believe that Pallia’s appointment brings stability to the company.
Tata Sons has sold shares of Tata Consultancy Services (TCS) in a block deal worth around Rs 9,000 crore. This article explores four possible reasons behind this move.
Get the latest share prices of top companies in India, including Apollo Hospitals Enterprise, Nestle India, SBI Life Insurance Company, Cipla, and more. Stay informed about the stock market and make smart investment decisions. Read more to get detailed information about their share prices.
Equity benchmark indices declined in early trade on Tuesday after rallying in the past four days amid weak trends from global markets and foreign fund outflows. The BSE Sensex declined 297.97 points to 73,574.32, while the Nifty dipped 86.05 points to 22,319.55. Major laggards include HCL Technologies, Tata Consultancy Services, ICICI Bank, Infosys, Axis Bank, and Reliance Industries.
Indian IT giant Tata Consultancy Services (TCS) has announced that it will not cut down on hiring despite the challenges faced by the Indian software industry. TCS Chief Executive K Krithivasan assured that the company will continue to hire as it sees positive signs in the economy. The statement assumes importance as reports suggest a decline in hiring and withdrawals of campus offers from other IT companies.
The Multi Commodity Exchange (MCX) faced a delay in the start of trading due to a tech glitch. The exchange recently implemented new software developed by Tata Consultancy Services (TCS) following approval from market regulator SEBI. Read on to know more about the situation.
The combined market valuation of five of the top 10 valued firms eroded by Rs 1,67,936.21 crore last week, with HDFC Bank emerging as the biggest laggard. ICICI Bank, Infosys, Bharti Airtel, Life Insurance Corporation of India (LIC) and ITC were the gainers in the top-10 pack.
India’s largest IT services company, Tata Consultancy Services (TCS), plans to train its entire staff of over 500,000 software engineers on Generative Artificial Intelligence (Gen AI). TCS acknowledges the immense potential of Gen AI to revolutionize industries and is already engaged in 250 Gen AI powered projects. The company is investing in workforce training and strategic partnerships to prepare for the future of AI. TCS emphasizes the complexities involved in enterprise-grade Gen AI solutions and the need for rigorous security measures and data confidentiality. TCS aims to create one of the world’s largest AI-ready workforces.
India’s No.1 software-services exporter Tata Consultancy Services plans to diversify its focus to markets such as Japan, Latin America, and Southern Europe due to weakness in North America. The move comes after the company reported its slowest quarterly profit growth since 2020 and consistent decline in revenue from North America.
