
India's TCS says none of its systems were compromised in M&S hack
'As no TCS systems or users were compromised, none of our other customers are impacted' independent director Keki Mistry told its annual shareholder meeting.
'The purview of the investigation (of customer) does not include TCS,' Mistry added.
This is the first time India's No 1 IT services company has publicly commented on the cyber hack. M&S did not immediately respond to a request for comment.
TCS is one of the technology services providers for the British retailer. In early 2023, TCS reportedly won a $1 billion contract for modernising M&S' legacy technology with respect to its supply chain and omni-channel sales while increasing its online sales.
The 'highly sophisticated and targeted' cyberattack which M&S disclosed in April will cost about 300 million pounds ($403 million) in lost operating profit, and disruption to online services is likely until July.
Last month, Financial Times reported that TCS is internally investigating whether it was the gateway for a cyberattack.
Mistry presided as the chairman at the company's annual shareholder meeting as Tata Group Chairman N Chandrasekaran skipped it due to 'exigencies'.
The chairman's absence comes as the Group's airline Air India plane with 242 people on board crashed after take-off in Ahmedabad last week, killing all passengers except one.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


India.com
22 minutes ago
- India.com
'This agreement is not just ...': PM Modi hails historic India-UK trade deal
India-UK trade deal: In a historic moment for the India-UK trade and economic ties, Prime Minister Narendra Modi and his British counterpart Keir Starmer on Thursday signed the much-awaited Free Trade Agreement (FTA), which will boost annual bilateral trade by about $34 billion. As part of the landmark FTA, India will cut tariffs on 90 per cent of the UK products, while the UK will reduce duties on 99 per cent of Indian exports, significantly cutting tariff lines and regulatory processes across sectors. 'Our landmark trade deal with India is a major win for Britain. It will create thousands of British jobs across the UK, unlock new opportunities for businesses and drive growth in every corner of the country,' said Starmer in a post on X. The pact is set to make imported goods like Scotch whisky, gin, luxury cars, cosmetics, and medical devices more affordable for Indian consumers. With the FTA being materialised, Indian farm products will get tariff parity with major European exporters like Germany. Zero duties on textiles and leather are expected to boost India's competitiveness among regional peers such as Bangladesh and Cambodia. India's leather sector is projected to gain an additional market share of 5 per cent in the UK within the next two years. Similarly, projections show that electronics and engineering exports are likely to double by 2030, while gems and jewellery exports are likely to double (from the current $941 million) in the next three years. Officials estimate the deal will increase UK exports to India by almost 60 per cent over the long term. Earlier, PM Modi called on Starmer at the Chequers Estate – the countryside retreat of the Prime Minister of the United Kingdom – as he began official engagements on his fourth visit to the country. Prime Minister Modi is set to hold wide-ranging discussions with Starmer on the entire gamut of India-UK bilateral relations and also exchange views on issues of regional and global importance. Later in the day, he will also call on King Charles III. During the discussions, the two sides will also review the progress of the Comprehensive Strategic Partnership (CSP) with a specific focus on trade and economy, technology and innovation, defence and security, climate, health, education and people-to-people ties.


Mint
22 minutes ago
- Mint
India-UK Trade Deal: PM Modi invites British counterpart Keir Starmer to India after 'historic' agreement
India-UK Trade Deal: Prime Minister Narendra Modi on July 24 called the India-UK Free Trade Agreement (FTA) signed between the two nations 'historic. The Prime Minister also invited his British counterpart Keir Starmer on a state visit to India. "Today is a historic day for India and UK bilateral relations as both the nations have signed the Comprehensive Economic and Trade Agreement (CETA) after many years of efforts," PM Modi said while addressing the press conference after signing the deal in London. PM Modi is on a four-day visit to the UK and the Maldives, his fourth visit to the UK. Modi also invited his UK counterpart to visit India. The deal is expected to double bilateral trade from the current 60 billion dollars to 120 billion dollars by 2030. The PM expressed gratitude PM Starmer for his warm welcome and said that the Indian textile, footwear, gems and jewellery, seafood and engineering goods will get better market access in the UK after the landmark deal. The prime minister said India's agricultural produce and processed food industry will have new opportunities in the UK market. "This agreement will especially benefit Indian youth, farmers, fishermen and MSME sector," PM Modi said. "On the other hand, for the people of India and industry, products made in UK, like medical devices and aerospace parts, will PM Modi's foreign trip coincides with the Monsoon Session of Parliament, which began on July 21. Today is a historic day for India and UK bilateral relations as both the nations have signed the Comprehensive Economic and Trade Agreement. Besides holding wide-ranging talks with British Prime Minister Keir Starmer, Modi will also meet King Charles III later in the day. From London, Modi will travel to the Maldives at the invitation of President Mohamed Muizzu in what is being seen as a breakthrough in the ties between the two countries following a spell of frostiness under Muizzu.


Time of India
35 minutes ago
- Time of India
UK steps up scrutiny of Apple and Google over mobile platforms
Britain on Wednesday told Apple and Google to be fairer in how they distribute apps on their mobile platforms, setting out possible interventions as it plans to designate the US tech companies with strategic market status over their duopoly. The country's competition regulator, which was given a wider remit this year to take on Big Tech, laid out concerns relating to inconsistent and unpredictable app review processes, inconsistent app store search rankings, and up to 30% commission on some in-app purchases. Apple and Google's mobile platforms hold an "effective duopoly", with around 90-100% of UK mobile devices running on their mobile platforms, the Competition and Markets Authority (CMA) said in a statement. "Apple and Google's mobile platforms are both critical to the UK economy ... but our investigation so far has identified opportunities for more innovation and choice," CMA head Sarah Cardell said. She said the CMA's "targeted and proportionate" actions would support British app developers - who contribute an estimated 1.5% to the country's economy - to innovate. Interventions could require the companies to make their app store review and ranking processes fairer and more transparent, including fair warnings of changes to the process or guidelines and appropriate channels for businesses to raise concerns. Apple and Google pushed back against the CMA's proposals, with Google calling the step "disappointing and unwarranted." "It is crucial that any new regulation is evidence-based, proportionate and does not become a roadblock to growth in the UK," Google's senior director for competition, Oliver Bethell, said. Apple said it was concerned that the new rules being considered would undermine the privacy and security protections expected by its users. Missed opportunity In contrast, "Fortnite" maker Epic Games, which stands to benefit from a more open mobile ecosystem, said the regulator had not gone far enough. It said the CMA, which gained more global prominence as a regulator following Brexit, had "deprioritised store competition entirely" by pushing it to be considered in 2026, calling it a "missed opportunity." The company, which has launched its own marketplace app in Europe, said it could not bring its app store to Apple's mobile operating system (iOS) in Britain this year and said that Fortnite's return to Apple's iOS was also uncertain. The regulator is also under pressure from Britain's Labour government, which has called on regulators to prioritise growth in hopes of rejuvenating a stagnant economy to regain voter confidence. A final decision on both the designations will be made by October 22, the CMA said. It also published roadmaps on potential further action as part of these parallel investigations. A strategic market status designation allows the CMA to impose interventions on a company, such as requiring it to adhere to specific behaviour so as not to undermine fair competition. For Alphabet-owned Google, mobile platforms are the second market where it has come in for closer scrutiny under the CMA's new regime, following the watchdog's proposal last month to designate Google in general search and search advertising.