BENGALURU: A US court has imposed a $194 million penalty on TCS for misappropriation of US IT services firm DXC‘s ((formerly CSC) trade secrets. The court said that TCS is liable to pay CSC $56 million in compensatory damages and $112 million in exemplary damages. The court also said TCS is liable for $25 million…
The government is reportedly looking to work with IT giants like Tata Consultancy Services (TCS), HCL and Tech Mahindra to develop software for quantum technologies, under the National Quantum Mission (NQM) that was cleared to boost research in quantum technology in the country.“We are going to involve our software companies like TCS, HCL, Tech Mahindra…
The top Indian IT outsourcing companies have experienced a significant reduction in their bench strength within a short period. However, this may not necessarily be a negative development for these global services leaders. By leveraging higher utilization rates and generative artificial intelligence (GenAI), they are able to drive efficiencies throughout their talent hierarchy as the…
TCS CEO Remuneration: K Krithivasan, CEO and Managing Director of Tata Consultancy Services (TCS), earned a total remuneration of Rs 25.2 crore for the financial year 2024. This figure is slightly lower than the Rs 29.16 crore earned by former CEO Rajesh Gopinathan in the previous fiscal year.It’s important to note that K Krithivasan’s pay…
Tata Consultancy Services (TCS) is establishing large data centres across the four regions of India as part of its Rs 15,000-crore agreement with state-owned telecommunications company Bharat Sanchar Nigam Ltd (BSNL), according to COO N Ganapathy Subramaniam. TCS, in collaboration with the government’s Centre for Development of Telematics (C-DOT), will make a total of 38…
TCS Q4 results: Tata Consultancy Services, India’s largest IT services company, on Friday reported a Profit After Tax (PAT) of Rs 12,434 crore for the fourth quarter of the financial year ending March 2024. This is a 9.1% year-on-year increase. The company reported a revenue of Rs 61,237 crore, which is a 3.5% year-on-year growth….
BENGALURU: Randy Devorin, a 61-year-old US citizen who worked for TCS for over a decade in global consulting practice (also known as consulting services & integration), has filed a complaint against the tech company’s alleged discriminatory employment practices.The lawsuit alleges that TCS favours H-1B (visa-holder) employees of Indian/South Asian origin and targets older American workers…
IT sector hiring outlook: In a positive development, the top IT services companies have witnessed a rise in active hiring for the first time in 20 months. According to analysis of data from LinkedIn and other leading job boards, the number of open positions available for applications increased to 82,000 in March from a low…
