"We have to actively embrace it to reskill people and prepare them to embrace the change," TCS Chairman N Chandrasekaran said
In a letter to the shareholders, Chandrasekaran also highlighted that after two years of recessionary fears and high inflation, the global macro-outlook has started to look better in the new financial year.
TCS fired 16 employees and banned six staffing firms, and took action against three more employees, the company said on October 15, after completing the investigation.
While both companies expect demand volatility and uncertainty in the short-term, they expect artificial intelligence to drive growth in the medium and the long term
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The 27th Annual General Meeting of the TCS was conducted through video-conferencing. Shareholders from different cities interacted with the management.
One share of TCS at a price of Rs 850 during the IPO in 2004 would be worth Rs 28,000 today, giving shareholders a 3,000 percent return on their investment.