/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Tata Consultancy Services has stopped reporting its income from digital services. In doing so, it has blanked out the only thing keeping its valuation up.
With revenue of $20.9 billion, Mumbai-based Tata Consultancy Services Ltd is easily India’s true-blue corporate performer. TCS has had decades of impeccable growth and management, delivering profits and dividends as long as one can remember. It is the tenth largest Indian company by revenue and turns in the second highest profits. It has a market capitalization of Rs 8 lakh crore ($110 billion), second only to Reliance Industries Ltd, and also happens to be India's biggest private sector employer, with nearly 450,000 employees.
People call it the crown jewel of the Tata group. Without it, India's biggest conglomerate would seem …
TCS CEO Krithivasan’s stunning disclosure lays bare a bind: AI is forcing IT services giants to give away a chunk of renegotiated contract value, even as new revenue remains lumpy and uncertain.
A $234 million raise is chump change in the global AI arms race. Can Sarvam still compete?
The retired banker wants India’s top companies to invest in AI. But the capital, ambition, and urgency simply aren’t there.
