K KRITHIVASAN CEO DESIGNATE
Chinese involvement in Hindenburg report? Senior lawyer Jethmalani's claim turns Adani saga into a spy thriller
Adani Hindenburg row: Senior lawyer Mahesh Jethmalani has alleged that a businessman with ties to China commissioned a report by Hindenburg Research, resulting in a significant decline in Adani Group shares in January 2023. Jethmalani claimed that Chinese spy Anla Cheng and her husband Mark Kingdon hired Hindenburg and used Kotak Mahindra Investments Limited to establish a trading account for short-selling Adani shares. This move, according to Jethmalani, led to substantial profits for them while causing financial harm to numerous Indian retail investors.
Signify introduces innovative NatureConnect lighting system for healthier indoor environments
Signify unveiled 'NatureConnect', a product based on biophilic design principles, replicating natural light cycles to enhance well-being indoors.
Unpacking K Krithivasan's first year as TCS CEO
TCS CEO K Krithivasan completed a year in office this month. His term was marked by an unprecedented slowdown in tech demand. The veteran, however, has brought growth and stability for the bellwether. Under his leadership, TCS reached $29.1 billion in annual revenues in the year ending this March, growing at 4.1%.
Infosys CEO Salil Parekh's annual compensation grew to Rs 66 crore in FY24
Infosys CEO Salil Parekh's annual compensation grew 17.3% in FY24 and reached nearly Rs 66 crore, as per the annual report of the company. In FY23, Parekh's salary was Rs 56.4 crore.
Sacred Games: How Indian mythology is taking over gaming consoles
Indian gaming enthusiasts now have access to games rooted in Indian history and culture, like managing the Ayodhya Ram Temple's functioning and building the Vande Bharat Express. Players can immerse themselves in the world of the legendary Tamil emperor Rajendra Chola and experience high-speed chases and stealth attacks.
TCS CEO says AI could kill India's call centres soon. Is he right?
According to TCS CEO K Krithivasan, AI could result in “minimal” need for call centres in about a year. If Krithivasan’s prediction were to come true, it would mean a lot of change for a lot of people in very little time.
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Digit IPO coming soon; TCS’ Krithivasan earnings
Bengaluru-based insurtech startup Go Digit General Insurance has announced that its IPO will open on May 15 and close on May 17. This and more in today’s ETtech Top 5.
TCS CEO K Krithivasan’s remuneration at Rs 25 crore in FY24
K Krithivasan Earnings FY 24: In FY24, Tata Consultancy Services (TCS) CEO and MD K Krithivasan's total remuneration was Rs 25.2 crore, a decrease from former CEO Rajesh Gopinathan's Rs 29.16 crore in FY23. N G Subramaniam, the COO and ED at TCS, who is retiring this month, drew a total compensation of Rs 26.1 crore in FY24.
BTS agency HYBE launches audit of New Jean’s company ADOR; ADOR CEO Min Hee Jin says parent company ripped off concept of her hit girl group
The clash between the two K-Pop firms began when HYBE initiated an inquiry into ADOR's audit after receiving reports that Min Hee Jin, ADOR's CEO, had sought independence. HYBE called for a shareholders' meeting to hold ADOR's management responsible and select a new director for the organization.
TCS has one of world's largest AI-ready workforces, says CEO K Krithivasan
IT services major Tata Consultancy Services (TCS) is equipped with one of the largest and most AI-ready workforces in the world, chief executive officer K Krithivasan told employees in an email at the start of the new fiscal.
Bottoming out on revenue side; running a marathon and a sprint at the same time: TCS Management
TCS executives discuss generative AI pipeline revenue, growth prospects, AI challenges, and revenue conversion uncertainties. They anticipate growth revival, emphasize efficiency, innovation, and the complexity of running a marathon and sprint simultaneously. Krithivasan says "the Cloud unit that we formed is doing really well. They have launched several offerings to customers, which are really noteworthy and people like it. So, we should do well."
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.
Not participating in India would be a big miss: TCS CEO K Krithivasan
TCS anticipates growth in India with a recent BSNL deal. CEO Krithivasan focuses on new markets and expresses optimism about future IT industry demand. The company's strategic deal approach and high margins drive continued success amid market challenges.
TCS chief says no cutting down on hiring; but wants to end work from home
The statement comes amidst a report that the software industry is going soft on hiring as demand falters from their key markets and some of them are even going back on their campus offers.
TCS management is confident that FY25 will be better than FY24. Here’s why
K Krithivasan says: "You cannot look at the deal wins in the same lens as revenue. It does not follow the same revenue trajectory because there is always a certain amount of lumpiness as a timing issue. You need to look at over a long period of time, over the last four quarters, how the deal wins have been very strong. And this quarter, it is not aided by any mega deals because mega deals tend to be lumpy and all come from mid-sized deals. We are very happy with what we achieved in terms of deal wins."
TCS and Infosys log muted sales growth
At the post-results briefings, senior executives at Infosys and TCS said there were few signs of recovery in global demand for technology services, which has been buffeted by macroeconomic and geopolitical uncertainty for nearly two years now.
2023 Year in Review: top-level management rejig hit India’s IT services firms
From Infosys and TCS to Wipro and Tech Mahindra, top-level management in Indian IT majors underwent a major churn in 2023. ETtech looks at it.
TCS may grow in single digits this fiscal year: CEO K Krithivasan
The 59-year-old executive, who assumed office in June, said the investigation into the preferential treatment to recruitment firms by the TCS RMG has been concluded with a list of 19 employees against whom action has been taken for violation of the code of conduct.
TCS CEO & CFO explain the disconnect between revenue booking, deal signings & helicopter shots
TCS CEO K Krithivasan and COO NG Subramaniam discussed the company's Q2 results and future outlook. They highlighted strong deal wins in the UK, while the US market faces uncertainties due to weak retail and manufacturing sectors. They acknowledged that revenue booking and deal signings can be disconnected due to the completion of large projects and customers reprioritizing ongoing projects based on ROI. The executives emphasized the need for agility in planning and stated that the recovery timeline is uncertain.
Krithivasan starts off strongly at TCS; analysts welcome his measured approach
Top officials close to the development said Krithivasan is preparing TCS to pivot towards artificial intelligence (AI) to ensure future readiness. This includes pushing innovation and incubation of start-up ideas, upskilling and cross-skilling employees with AI-based tools to leverage the potential arising from AI deployment in businesses.
K Krithivasan revamps TCS, amends Rajesh Gopinathan's strategy
Under new CEO, tech major also makes changes to leadership, aligns with business verticals
Jobs scandal code of conduct violation, not systemic failure: TCS CEO K Krithivasan
Tata Consultancy Services expects the demand environment to be muted. Customers are reassessing technology spends and postponing non-critical engagements, MD & CEO K Krithivasan told Romita Majumdar and Surabhi Agarwal in an interview.
TCS CEO on jobs scandal, $2 billion deal cancellation & more; Byju’s announces key appointments
OK, Tata. A day after India’s largest tech company Tata Consultancy Services (TCS) kicked off the earnings season with subdued numbers, CEO & MD K Krithivasan sat down with ETtech, talking about everything from the latest recruitment scandal in the company to macroeconomic indicators. This and more in today’s ETtech Morning Dispatch.
US banking crisis is opening new doors, says TCS CEO-designate K Krithivasan
Customer shift to large banks and rise in deposits creating new business opportunities, says K Krithivasan
Won’t forego margins for growth: TCS CEO-designate K Krithivasan
The 58-year old executive said the company is "comfortable" with its business model and not perturbed by smaller rival Infosys adding more net business over the last few quarters despite being almost half in size.
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.
No dramatic transition; talent pool deep in TCS: incoming CEO K Krithivasan
Outgoing CEO Gopinathan said the decision to quit had taken centrestage for him a couple of months back and he initiated definitive discussions with the board and chairman about a week ago.
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.
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