‘Gen AI will not lead to hiring decline’

Bengaluru: Tata Consultancy Services Ltd’s CEO K. Krithivasan has said that Generative AI (Gen AI) will not lead to a hiring decline. “We may probably need to change the way we train people, but will not cause a reduction in hiring,” Krithivasan said in an interview with CNBC TV-18. “The kind of people we hire …

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Mcap of 4 Most-Valued Firms Jumps Rs 2.18 Lakh Crore; LIC, SBI Lead Gainers

Four of the top-10 most valued firms together added Rs 2.18 lakh crore in market valuation last week, with Life Insurance Corporation and State Bank of India emerging as the biggest gainers. From the top-10 pack, Reliance Industries, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC) and SBI were the gainers. They collectively …

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Interim Budget seals India’s plan for higher taxes on your foreign holidays

The Interim Budget 2024 has paved the way for the formal inclusion of the increased Tax Collected at Source (TCS) rates on foreign remittances, as previously announced in the 2023 Budget, into the Income Tax Act. The adjustment is set to come into effect following the parliamentary approval of the corresponding amendment. Finance Minister Nirmala …

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TCS Q3 results: Revenue beats expectations, yet profit falls short of estimates

Tata Consultancy Services, the country’s largest software exporter on Thursday reported an 8.2 per cent growth in net profit for the December quarter at ₹11,735 crore. TCS Q3 results(Bloomberg) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The company said its revenue for the reporting quarter grew 4 per cent to ₹60,583 crore driven by strong double-digit growth in …

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Infosys, Wipro and Tech Mahindra to witness revenue dip in Dec quarter: Kotak Institutional Equities

IT giants Infosys, Wipro and Tech Mahindra are likely to see a decline in their respective year-on-year (YoY) and quarter to quarter (QoQ) revenue in the December quarter, according to a report by Kotak Institutional Equities. “We expect a weak quarter for IT Services companies as furloughs, weak discretionary spending and project cuts impact performance. …

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Why Azim Premji is displeased with the state of Wipro

Wipro Ltd’s founder chairman Azim Premji has expressed displeasure about the way the country’s fourth-largest information technology services company is being steered to executive chairman Rishad Premji and chief executive Thierry Delaporte, four people aware of the development said. Wipro Ltd’s founder chairman Azim Premji has expressed displeasure about the way the country’s fourth-largest information …

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