Tata Consultancy Services said none of its “systems or users were compromised” as part of the cyberattack that led to the theft of customer data at retailer Marks and Spencer, its client of more than a decade. “As no TCS systems or users were compromised, none of our other customers are impacted” independent director Keki […]
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TCS has entered a long-term, strategic partnership with Danish retailer Salling Group. File | Photo Credit: Reuters TCS has entered a long-term, strategic partnership with Danish retailer Salling Group to drive sustainability, technology innovations and improve organisational efficiency. This collaboration would cover Salling Group’s 2,100 stores, brands and 68,000 employees across Denmark, Poland, Germany, Estonia, […]
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Photo used for representational purpose only. File | Photo Credit: PTI Five of the top 10 most valued firms together lost ₹86,447.12 crore in market valuation last week, with Infosys, Tata Consultancy Services and State Bank of India taking the biggest hit. Last week, the BSE benchmark fell 462.8 points or 0.79%. While Reliance Industries […]
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TCS CEO designate K. Krithivasan. File | Photo Credit: The Hindu The business strategy at Tata Consultancy Services Limited (TCS) will continue despite the leadership change at India’s biggest technology company, said CEO designate K. Krithivasan at a press conference on March 17. “The strategy will continue. We have certain core set up values and […]
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Tata Consultancy Services (TCS) said Managing Director & CEO for the last six years, Rajesh Gopinathan, has “decided to step down from the company to pursue other interests.” “The Board of Directors has considered his request and accepted the same. Mr. Gopinathan will continue with the company till 15th September 2023 to provide transition and support to […]
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Tata Consultancy Services (TCS) is not considering any layoffs as it believes in grooming talent for longer careers once it hires an employee, a top official has said. The country’s largest information technology services exporter is also looking to hire startup employees who have lost their jobs, its chief Human Resources officer Milind Lakkad told […]
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Layoffs: People take a photo at Meta corporate headquarters in Menlo Park, California on November 9, 2022. – Facebook owner Meta will lay off more than 11,000 of its staff in the most difficult changes made in Meta’s history, according to CEO Mark Zuckerberg | Photo Credit: JOSH EDELSON In 2020, the number of people […]
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Tata Consultancy Services (TCS) Ltd. on Monday said consolidated net profit for the quarter ended September 30 rose 8.4% to ₹10,431 crore from a year earlier. This is for the first time that the quarterly net profit crossed ₹10,000-crore mark. Net margin was 18.9%, the company said. Revenue grew 18% to ₹55,309 crore. Constant-currency revenue growth was 15.4%. The […]
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The market valuation of the top-10 most valued firms plunged by a whopping ₹3.91 lakh crore last week, in tandem with a steep sell-off in equities, with TCS and and Reliance Industries taking the biggest hit. Past week, the BSE Sensex plunged 2,943.02 points or 5.42%, while the NSE Nifty declined 908.30 points or 5.61%. […]
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Bengaluru Tata Consultancy Services (TCS) on June 14 said it has plans to grow its footprint in Minnesota by expanding hiring in the state and accelerating its STEM outreach efforts in local schools to cover 50% more students and teachers in the coming year. TCS currently has over 1,000 employees in the State, including 400 […]
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