TCS LEADERSHIP CHANGES
F1's India comeback is gathering speed, but the road to the starting grid is far from clear
Formula 1’s return to Africa has revived hopes of an Indian Grand Prix comeback, with talks involving Formula One Management, the Adani Group and the government gaining momentum. The bigger challenge is not convincing F1 of India’s market potential but fixing the tax, customs and policy problems that drove the race out in 2013, while finding space on an already crowded calendar.
NSE shares hit record low as IPO lock-in expiry frees up stake worth Rs 3,247 cr for trading. How has the stock performed since listing?
In a notable shift, the shares of the National Stock Exchange of India dropped by more than 1% after the IPO lock-in period concluded, now priced at Rs 1,683.70, significantly lower than their original listing value. Nevertheless, financial analysts express confidence in the NSE's potential, emphasizing its strong market share and profit capabilities.
5 years, no returns: Are these 9 Nifty bluechip stocks finally ready for a turnaround?
Investors are witnessing notable losses in well-known blue-chip stocks such as TCS, Infosys, and Hindustan Unilever. These major players are encountering significant hurdles affecting their market position. Analysts believe that lowered expectations may allow for potential recovery if economic conditions improve. Currently, various sectors, especially IT and consumer goods, face cyclical and structural challenges, suggesting that large-cap stocks are becoming increasingly appealing as earnings growth rates stabilize.
ET Alpha Wealth Summit 2.0 | SIFs, passive funds and GIFT City: How India's wealth portfolios are evolving, says Tata AMC's Anand Vardarajan
Tata Asset Management CEO Anand Vardarajan highlights how passive funds, SIFs and GIFT City are reshaping wealth management. He advocates combining active and passive strategies while monitoring global yields, inflation and valuations to build diversified portfolios.
NSE shares wipe off Rs 41,000 crore after listing day pop as stock slips below IPO price. Why are analysts still bullish?
NSE shares have slipped below their IPO price after a brief listing-day rally, wiping out nearly Rs 41,000 crore from the exchange’s peak market value. Despite the decline, analysts remain bullish, citing NSE’s dominant market position, strong profitability, cash generation and India’s long-term capital-market growth potential.
India Mobile Congress turns 10, and the 2026 Edition lands in Delhi this October
India Mobile Congress 2026 is on from October 7 to 10 at Yashobhoomi, New Delhi. The Department of Telecommunications runs it with COAI. This is the tenth edition. "Scale Without Boundaries" is the theme, and the organisers are working with a footfall estimate north of 150,000 over the four days.
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Dodging SaaSocalypse: AI’s enterprise moment could belong to IT services
ITC Infotech's merger with Happiest Minds highlights the trend of mid-market consolidation in response to AI advancements. The global IT market faces challenges, requiring companies to adopt AI-centric capabilities for survival. Enterprises are burdened with legacy systems, which present both challenges and opportunities for funding technological transformations. Companies will need to adapt to the evolving landscape by integrating AI into existing frameworks effectively.
NSE shares fall 2%, slip below IPO price, but analysts’ target prices go up to Rs 2,050. Time to buy?
NSE slipped below their Rs 1,785 IPO price on Monday, taking its market capitalisation to Rs 4.36 lakh crore. Despite the decline, brokerages remain positive on the stock, with Macquarie, Emkay and PL Capital setting target prices between Rs 1,950 and Rs 2,050, citing its market leadership and growth prospects.
NSE shares fall 2%, trade marginally above IPO price after debut. Why are Macquarie, other brokerages bullish?
NSE shares fell by 1.6% to Rs 1,790 following its stock market debut on Thursday. Brokerages Macquarie and Emkay assigned positive ratings, citing growth potential and resilient market leadership. NSE's market capitalisation now ranks among the largest firms in India. Analysts expect varying revenue growth rates for transaction income and diversified revenue streams. Overall, optimistic projections suggest significant upside potential for NSE shares in the coming years.
NSE becomes 9th most valued company with Rs 4.63 lakh crore m-cap after IPO. Who did it overtake?
The National Stock Exchange (NSE) made a rather modest entrance on the Bombay Stock Exchange (BSE), opening at Rs 1,800 against its IPO price of Rs 1,785. With a market capitalization of Rs 4.63 lakh crore, it has emerged as the ninth largest entity in India. Analysts predict that shares may fluctuate due to early trading demand-supply movements.
India’s senior techies with 12 years of experience are going back to class, and AI is the reason
A recent collaboration between IIT Kharagpur and upGrad reveals a dramatic increase in demand for AI executive programmes aimed at experienced tech professionals. In just a few months, the initiative has broadened its curriculum from four to seven targeted courses. With participants enrolling from diverse locations, the landscape of AI training is shifting towards practical, role-oriented education, underscoring the necessity for ongoing skill development in an AI-driven job market.
Tata Sons approves five-year extension for N Chandrasekaran to prepare for IPO
Tata Sons' board approved N. Chandrasekaran's reappointment as executive chairman for five years. The company also initiated plans for a potential public listing following regulatory directives. This decision reverses Chandrasekaran's earlier announcement about not seeking another term. The listing follows the RBI's rejection of Tata Sons' request to exit shadow banking regulations. This move prepares Tata Sons for significant structural changes and a new operational phase.
IT needs forward deployed leadership on the front lines to navigate AI reset
As AI now rewrites the IT business algorithm beyond recognition, Indian technology pureplays have responded with a talent reshuffle that's cascading beyond the corner-room down to the very verticals tasked with bringing home the money.
Tata Group shares slide up to 4% as Chandrasekaran resigns; analysts upbeat on growth
Tata Group company shares declined significantly on Wednesday after the chairman's decision. Several group stocks experienced drops of up to four percent following the announcement. Analysts suggest businesses remain fundamentally strong despite the leadership transition. Most of the twenty-six listed Tata Group companies saw their stock prices fall. Market sentiment reacted negatively, though some recovery is anticipated in coming days.
TCS rejigs 14 top roles, creates five new units to fight AI deflation
The overhaul covers 14 leadership roles, including at five newly created business units: Travel, Transport & Hospitality; Energy, Resources & Utilities; US West Coast; Autonomous Business Operations and a dedicated unit for its partnership with enterprise software firm ServiceNow, as per documents seen by ET.
Who is Aarthi Subramanian? TCS’ new COO leading the charge for women in India's male-centric tech sector
Aarthi Subramanian's appointment as COO of TCS marks a significant step for gender diversity in India's IT sector. With a long history at TCS, she is tasked with revitalizing the consulting division and driving transformation. Her expertise in digital technology and AI positions her as a key leader in TCS's future.
TCS elevates Sudeep Kunnumal as CHRO designate
TCS has appointed Sudeep Kunnumal as CHRO designate, replacing Milind Lakkad. With more than 25 years in HR, Kunnumal has held key roles at TCS since 2006. This marks the third major leadership change after CEO and COO transitions.
TCS rejigs top deck, Elizabeth Mathew named head of LeaD
This follows the streak of leadership appointments by CEO K Krithivasan since he took the helm at India's largest IT services company.
TCS announces senior leadership changes
The SMPs identified include Harrick Vin, Shankar Narayanan, V Rajanna, Siva Ganesan, Ashok Pai and Reguraman (Regu) Ayyaswamy.
Gopinathan steps down as TCS CEO today, Krithivasan to take over on June 1
“I wish Krithi the very best as he takes over the TCS baton and charts the way forward to our $50 billion aspirations,” Gopinathan wrote in a note to employees on Monday.
Outgoing TCS CEO Rajesh Gopinathan reflects on company's transformation in farewell note
Gopinathan, who steps down on May 31 thanked colleagues for their support in a letter dated May 29. He added that the focus on operational rigour and strategic transformation has helped the company grow its revenue from $17.5 billion in March 2017 to $27.9 billion in March 2023 with market capitalisation growing from $74 billion to $143 billion during the same time.
TCS misses D-Street estimates. 7 key takeaways from Q4 results
Revenue from operations rose about 17% year-on-year to Rs 59,162 crore for the quarter under review. The company has also declared a final dividend of Rs 24 per equity share for the financial year 2022-23.
What top brokerages are saying about leadership change at TCS
But, they expect the change to weigh on the stock in the near term. The TCS stock closed at `3,175 on Friday. The Nifty gained 0.7% to close at 17,100. ET looks at what top brokerages are saying about the change of guard at India’s second-most valuable listed company.
Nothing to worry about change in TCS leadership going ahead: Omkar Tanksale
But I believe TCS has now become the next-gen services and there are a lot of capabilities that have been added to their portfolio. So I believe he must be taking care of a major broad-based growth of the manufacturing of the retail side, which is also a major contributor to the revenue as well.
New TCS boss Rajesh Gopinathan tells employees not to be complacent
"TCS has a well-articulated strategy which has guided it to a leadership position. However, we need to accelerate to stay a step ahead of the fast changing world," he said.
TCS top bench may thin out in post-Chandrasekaran era
As CFO, Gopinathan does necessarily have the kind of client connect that any of TCS' five geography heads and its industry and service line heads – would possess.
TCS will start making investments in next two years or will risk being left behind, say experts
TCS, the largest software services firm, has always been a conservative player in M&A space, a trait it used to share with others in IT industry.
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