TCS CEO
AI services lift IT companies’ Q2 earnings: TCS doubles YoY intake, Infy reports 29% QoQ rise
The latest quarterly results from India's leading IT companies demonstrate remarkable growth, primarily driven by the surge in artificial intelligence services. Tata Consultancy Services saw its AI revenue double year-over-year, and both HCLTech and Infosys reported significant increases in profits and revenues. Wipro took a more cautious approach, not disclosing AI figures but emphasizing transformation for its clients through AI solutions.
Zetwerk IPO eyes big returns; Flipkart alumni seek Esop buyback
Zetwerk’s early investors are poised for big gains as the platform prepares to go public. This and more in today’s ETtech Top 5.
AI revenue should offset traditional services deflation: TCS CEO K Krithivasan
Due to the continuing pressure on companies amid geopolitical strife, TCS is assuming client budgets will not rise. It is, however, banking on customers spending on AI and modernisation. AI revenue - which crossed 10% of the total in the September quarter - should compensate for deflation in traditional services in the medium term, the CEO said.
US green card freeze: TCS, Infosys, Wipro, HCLTech had just 61 certified PERM cases in FY26
HCL America recorded 59 certified cases and TCS only two. Infosys and Wipro had no recorded cases in the period and neither did US-headquartered Cognizant.
TCS dividend! IT giant declares second interim dividend of Rs 12 per share for FY27
TCS announced a second interim dividend of Rs 12 per share for FY27 after reporting a 15% rise in Q2 net profit to Rs 13,884 crore. Revenue grew 11% to Rs 73,188 crore, while operating margin stood at 24%.
TCS’ HyperVault to build 1 GW AI data centre campus in Hyderabad with Rs 70,000 cr investment
HyperVault, a TCS subsidiary, will develop a large AI data centre campus in Hyderabad. This facility will have a 1 Gigawatt capacity and significant investment. The project aims to support frontier AI companies and hyperscalers globally. It will create thousands of jobs and utilize green energy principles. Telangana's Chief Minister called the project historic for the state.
TCS salary hike: Employees say pay decreased as CEO K Krithivasan earned over ₹28 crore in FY26
TCS Salary Hike News: TCS employees are reporting reduced monthly salaries despite annual increments following a recent appraisal cycle. This comes as the company's CEO earned over ₹28 crore in FY26. TCS states the changes align with new Labour Codes, aiming for standardization and take-home pay protection, though some workers allege otherwise.
Diwali discounts fuel qcomm; TCS CEO on green shoots
As the festive season peaks during Diwali, quick commerce platforms are dialling up discounts. This and more in today's ETtech Morning Dispatch.
Binny Bansal, CaratLane’s Sacheti back Xeed Ventures; decoding fintech’s AMC biz
Xeed Ventures, an early-stage fund run by Sailesh Tulshan, which was formerly known as 021 Capital, has also roped in Premji Invest as an LP. The investment committee (IC) for Xeed will consist of Tulshan, Bansal and Sacheti. Xeed is aiming to make a final close of Rs 600 crore and has already snagged 70% of the target corpus, according to people in the know.
No rush to tweak organisational structuring: TCS CEO designate
TCS CEO Designate K Krithivasan, who was the head of the company’s BFSI vertical said that he will now have to familiarise himself with non-BFSI verticals and will work towards it.
All you need to know about the incoming TCS CEO K Krithivasan
An alumnus of IIT Kanpur, Krithivasan has worked for more than three decades at TCS.
Stepping down as TCS CEO a mixed feeling, says Rajesh Gopinathan
"There will definitely be near-term challenges that need to be taken care of, but Krithivasan has been taking care of the BFSI vertical for a long time. I believe as of now, one should not worry about change in the leadership," Gopinathan said and ET Now reported
Funding environment for digital push remains strong: TCS CEO
After reporting quarterly results last week, India's IT service providers indicated that companies that were splurging top dollar during the pandemic have turned cautious in regions such as Europe and the United States.
There are no legacy people, only legacy technologies: TCS CEO Rajesh Gopinathan
Speaking at the Times Network India Economic Conclave, Gopinathan said that the current geopolitical uncertainties will be another opportunity to participate in a new technology demand cycle.
TCS issues notice of postal ballot for reappointment of CEO, COO
While Gopinathan’s new term will last for five years from February 21, 2022 to February 20, 2027, Subramaniam’s term will last from February 21, 2022 to May 19, 2024.
Exclusive Interviews: GGV's Managing Partner, TCS CEO
In the first of our two exclusive interviews today, Hans Tung, managing partner at GGV Capital, told us why he remains bullish on India despite inflated valuations, and what China's regulatory crackdown means for the edtech sector here.
TCS CEO Rajesh Gopinathan draws Rs 20.36 crore salary in 2020-21
According to TCS' annual report for 2020-21, Gopinathan received Rs 1.27 crore in salary, Rs 2.09 crore in benefits, perquisites and allowances, and Rs 17 crore in commission
TCS CEO N Chandrasekaran creates new layer to oversee verticals
The new layer is aimed at freeing up the CEO's time for strategy issues and customer calls, people with knowledge of the development said.
Policies on IT need to change: TCS CEO
ET Exclusive: Domestic mkt needs to grow, for this govt should play a proactive role, says TCS CEO Ramadorai. Multinational IT in India I TCS' Rs 90 crore forex losses
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