TCS on July 8 reported a 10.8 percent YoY jump in net profit at Rs 8,131 crore for the first quarter ended June 2019.
CNBC-TV18’s Kritika Saxena spoke to Rajesh Gopinathan, MD & CEO of Tata Consultancy Services (TCS) and asked him if TCS will continue to deliver growth that is ahead of the industry average.
As Tata Sons’ Chairman, N Chandrasekaran completes one year at the Bombay House. Rashesh Shah Chairman & CEO of Edelweiss Group spoke about the hits and misses of N Chandra in the last one year.
He is known for running marathons but it has just been a year since he occupied the corner office at Bombay House. So it hasn't really been a marathon. However, it has been an eventful year to say the least for N Chandrasekaran as the Chairman of Tata Sons. What are the hits? What are the misses? And what is the unfinished agenda? CNBC-TV18 discusses this with some of the finest minds who have worked with the Tata Group and neutral observers who know the conglomerate inside out.
Ajanta Pharma retains the tag of fastest wealth creator for the third time in a row and Asian Paints is the most consistent wealth creator, said the wealth creation study
Chandrasekaran, the former CEO of key Tata Group company TCS, took charge as chairman of the group’s parent firm, Tata Sons, after the bitter ouster of Cyrus Mistry earlier this year.
Infosys today offered to buyback equity shares not exceeding Rs 13,000 crore at a price of Rs 1,150 per share.
CNBC-TV18 is the only TV channel to get access to the newly set-up centre of Wipro in Silicon Valley and Shereen Bhan caught up with CEO Abidali Neemuchwala at this new facility and asked him about the company's plans for alliances and investment strategies in the Silicon Valley.
In an interview to CNBC-TV18, S Ramadorai, Former Chairman of Tata Consultancy Services (TCS) shared his readings and outlook on global cyber attack.
One positive part is that the USD 100 million clients and USD 50 million clients have continued to see an addition, said Urmil Shah IDBI Capital Markets & Securities.
Speaking to CNBC-TV18, UB Pravin Rao, Chief Operating Officer at Infosys, said all options were being explored and that the company's board would decide on the timeline of the buyback and the cap allocation policy.
India's largest software company confirmed this morning that it would consider doing a buyback on February 20.
Tata Sons Chairman Designate Natarajan Chandrasekaran, under whom IT major Tata Consultancy Services grew from strength to strength, has quashed concerns over US visa troubles the industry is anticipating. â€œI am not in the gloom and doom club,â€ he said asserting that demand for the IT sector will be robust.
Patrick Vallance, President - R&D, GlaxoSmithKline said the company is looking forward to more collaborations and is looking at a number of options to move ahead with its expansion plans.
The discussion about about Gopinath becoming the CEO started a week before the announcement was made, he says.
Nasscom chairman R Chandrashekhar said positive signs of an upturn were already visible in the Q3 earnings of Infosys and TCS, with significant growth in revenues from the digital space.
Newly appointed Rajesh Gopinathan as CEO and MD of TCS, who replaces N Chandrasekaran has big shoes to fill in. Gopinathan hopes to continue with what the company has been doing in the past and also come up with new ideas.
Speaking to CNBC-TV18, Sanjay Dutt of Quantum Securities said that while foreign institutional advisors will give him the benefit of doubt, he is skeptical about picking someone from within the organization who follows same ideology as Tatas‘.
peaking to CNBC-Tv18 Amit Tandon of IIAS said that the voting pattern at TCS which removed Cyrus Mistry reflects the conversation on the Street.
The regulators must step in to verify the allegations that have been levelled by the ousted chairman of Tata Group on the company, says JN Gupta, Former ED, Sebi. TCS shareholders are voting after the Tata Group called an EGM today seeking the ouster of Cyrus Mistry from the board of directors.
Mistry‘s office has hit back on a Tata Sons‘ November 10 note, which according to Mistry, creates an illusion that he was a 'hands off' Chairman and TCS and JLR were on auto-pilot during his leadership.
The board of Tata Consultancy Services (TCS) had an unscheduled meeting early today to discuss the plan for an extraordinary general meeting to seek removal of Cyrus Mistry, reports CNBC-TV18. Mistry is believed to have stayed absent.
Speaking to CNBC-TV18 Arun Giri, Senior Journalist, said Tata Sons will be calling a TCS EGM to take up removal of Cyrus Mistry. TCS parent company Tata Sons and its directors have lost confidence in Mistry, says the statement.
Tata Sons has appointed Ishaat Hussain as Chairman of Board Of Directors. Cyrus Mistry who was ousted as the holding company's Chairman has ceased to hold that host on the board.