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Business Standard
6 hours ago
- Business
- Business Standard
TCS announces leadership rejig with a focus on AI-first transformation
With a focus on AI-first transformation, India's largest information technology (IT) services player Tata Consultancy Services (TCS) on Wednesday announced key leadership changes. As part of this transformation, the company appointed Janardhan Santhanam as the chief information officer (CIO) with effect from July 1, 2025. Sanathanam will be reporting to the chief operating officer (COO) Aarthi Subramanian. The company added that Krishnakanth Narayanrao, who heads Ultimatix, will report to Sanathanam. Ultimatix is an internal platform that caters to TCS employees to access various resources and services. 'The AI-first transformation of TCS is as much about culture as it is about technology. This will require exceptional collaboration across functions and groups, and active participation from each one of you,' wrote K Krithivasan, CEO and MD, TCS in an internal email to employees announcing these changes. The email has been seen by Business Standard. Sanathanam has been with TCS for 25 years, and brings deep experience across technology, delivery, domain and talent development. 'The opportunities to leverage AI to reimagine various aspects of our operations are immense. We must now look at how we can leverage AI technologies to achieve greater efficiency, improve employee experience, and enhance customer engagement. Our goal will be to make TCS the best showcase of what can be achieved with AI,' he said. TCS also announced the elevation of Sreenivasa Chakravarti as the head of IoT and Digital Engineering Services with effect from July 1, 2025. He takes this role over from Regu Ayyaswamy who retires from TCS on September 30, 2025. Chakravarti will also report to COO Subramanian. Chakravarti has been part of the IoT-DE unit and has been responsible for sales, delivery & operations for the last two years. Ayyaswamy will be mentoring and supporting Chakravarti over the next quarter, said the email addressed to employees by Subramanian. These leadership changes are in lieu with the focus on AI, data and cloud along with security and enterprise solutions. A few months back the company also announced the appointment of a COO and a chief strategy officer. TCS will be announcing its first quarter FY26 results on July 10. The company closed FY25 with revenue of ₹255,342 crore. It crossed the $30 billion revenue milestone. The order book TCV for FY25 was at $39.2 billion.
India Today
a day ago
- Business
- India Today
Sensex, Nifty open higher as IT stocks rally on hopes of US-India trade deal
Benchmark stock market indices opened higher on Wednesday, buoyed by optimism over a possible US-India trade deal. IT stocks rallied in early trading, pushing markets S&P BSE Sensex was up 103.13 points to 83,800.42, while the NSE Nifty50 added 21 points to 25,562.80 as of 9:28 VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said that positive news about a possible trade deal between India and US can help break the upper limit of the range but it would be difficult to sustain the Nifty at higher levels for long."There are no indications yet of a strong rebound in earnings. GST collections data for June indicates sluggish growth. Auto sales numbers for June also indicates subdued sales. In brief, there is no room for the market to sustain the upward momentum given the high valuations," he Sensex opened on a positive note today with IT and pharma stocks leading the charge. Infosys topped the gainers with a strong 1.79% jump, followed by Tata Consultancy Services up 0.93%. Sun Pharma rose 0.74%, Tata Steel gained 0.72%, and NTPC climbed 0.71%.Bajaj Finserv fell the most at 1.09%, followed by Asian Paints down 0.95%. Bharat Electronics dropped 0.71%, Bajaj Finance declined 0.59%, and Eicher Motors slipped 0.54%. A surprise element is the resilience of the US economy and corporate earnings, which in turn is imparting resilience to the US market, despite the tariffs. How long this resilience will hold remains to be seen. The Fed chief Jerome Powell has indicated that there is no room for a rate cut immediately. This will rein in the enthusiasm of the Ends
Time of India
2 days ago
- Business
- Time of India
BSNL eyes 5G strategy to stack up against Jio, Airtel, Vodafone Idea
NEW DELHI: Bharat Sanchar Nigam Limited ( BSNL ) is adopting a 'multi-fold strategy' to launch commercial fifth generation or 5G services concurrently with 4G network densification, carried out by Tata Consultancy Services (TCS)-led consortium with an additional 19,000 sites. 'BSNL has placed an order for an additional 19,000 sites to densify its 4G footprint, with seamless software upgrade capability to 5G. This follows the successful commissioning of around 90,000 4G sites,' A. Robert Ravi , Chairman and Managing Director, BSNL told ETTelecom. In May this year, Tata Consultancy Services received a Rs 2,903.22 crore order from BSNL for supplementary 18,685 4G network sites, involving planning, installation, and maintenance, to strengthen its rural and urban coverage. 'Our 5G Network-as-a-Service (NaaS) model has already been awarded in Delhi, with similar pilots ongoing in Mumbai and other major metros,' Ravi said. In addition to existing network upgradation to next generation (5G) technology, the 5G NaaS uses homegrown technology. 'We are also introducing India's first indigenous, SIM-less 5G Fixed Wireless Access (FWA) service—Quantum 5G FWA—which aims to deliver high-speed broadband to targeted enterprises, remote and underserved regions.' State-controlled telco's 5G rollout uses a Standalone (SA) core, supporting advanced features like network slicing for dedicated enterprise bandwidth, industrial IoT applications, and mission-critical services. The service, already demonstrated in Hyderabad, leverages both the 700 MHz and 3.3 GHz bands, ensuring deep rural penetration and urban capacity. BSNL's private sector rivals, such as Mukesh Ambani-owned Reliance Jio and Sunil Mittal-driven Bharti Airtel kicked off commercial 5G networks in October 2022, while third-largest Vodafone Idea (Vi), a late entrant, launched next-generation services in March 2025. 'Our direct-to-device 5G platform is SIM-less and designed for efficient, easy installation, delivering low-latency, high-speed connectivity ideal for virtual collaboration, gaming, and IoT applications,' Ravi added. The public-sector telecom operator plans to extend trials of Quantum 5G FWA to cities such as Bengaluru, Pune, Gwalior, Chandigarh, Puducherry, and Visakhapatnam within this calendar year. Telco's enterprise business segment, which contributes approximately 20% of BSNL's revenues, is targeted to grow by at least 15% next year through tailored IoT solutions, private 5G slicing, and government networks. 'We are expecting to maintain at least 5-6% of revenue from data services next year,' the top official added. Further, Ravi said that once network quality becomes stable, people would latch onto BSNL's 4G network, enabling the company's service revenue to swell to more than 10%. Recently, the Minister of State for Communications Chandra Sekhar Pemmasani said that once the ongoing deployment is completely secured, the Centre might look at placing a purchase order (PO) for procuring network gear for an additional 1 lakh 4G sites, following the Cabinet nod. Experts say that the state-run telco must move up quickly and deploy 'several thousand' more 4G sites to match the private sector competition. BSNL said that it is witnessing improved adoption of its 700 MHz spectrum deployments as device ecosystem support grows. The company is also in "advanced discussions with domestic smartphone manufacturers" to enable affordable bundling offers for customers. The public sector telco said that it aims to take the benefits of advanced digital connectivity to 140-crore Indians, focusing on rural and remote regions, to align with the broader vision of a "digitally-empowered society." Mumbai-based TCS-led consortium that includes Tejas Networks and the Centre for Development of Telematics (C-DoT), is setting up data centres and a commercial 4G network, with a potential BSNL 5G upgrade, following a proof-of-concept (PoC).
Time of India
3 days ago
- Business
- Time of India
Global giants join quantum mission push
Vijayawada: Chief minister N Chandrababu Naidu hosted dinner for top executives from leading international IT and multinational companies visiting the state to attend the Amaravati Quantum Valley National Workshop at his residence on Sunday. The state govt is hosting a national workshop on Quantum Valley in Vijayawada on Monday. The CM highlighted that Andhra Pradesh is taking the lead in advancing quantum technologies through strategic collaborations with global technology giants such as IBM, Tata Consultancy Services (TCS), and Larsen & Toubro (L&T). The gathering included key industry leaders such as V. Rajanna, president and global head, Technology Business Unit, TCS; Rajiv Kumar, MD, Microsoft India Development Center, Sridhar Sidhu, corporate VP, AT&T, and Manish Verma, head of the India innovation center at Warner Bros Discovery Media, Suchitra K. Ella, co-founder and joint MD, Bharat Biotech; Jennifer Larson, U.S. Consul General in Hyderabad; Dr JBV Reddy, mission director, national quantum mission, Phani Mitra B, global chief digital and information officer, Dr. Reddy's Laboratories; and Praveen Rao Akkinepally, country president and MD, AstraZeneca India. Representing IBM, Scott Crowder, vice president for quantum adoption, participated in the discussions. Prof Abhay Karandikar, secretary, department of science and technology, and Prof. Ajay Kumar Sood, principal scientific adviser to the Union govt were also present.
The Hindu
4 days ago
- Politics
- The Hindu
Chittoor district officials gear up for Naidu's Kuppam visit
The Chittoor district administration is gearing up for Chief Minister N. Chandrababu Naidu's visit to the Kuppam Assembly constituency. While an official schedule is yet to be released, District Collector Sumit Kumar held a meeting with the key officials on Sunday to coordinate arrangements. A press release said that the Chief Minister is likely to stay overnight at his Kuppam residence and take part in multiple public programmes the next day. The visit includes a visit to an anganwadi centre, addressing a public meeting, inspecting exhibition stalls, and distributing financial benefits and assets to the beneficiaries of various government welfare schemes. The District Collector directed municipal and panchayat officials in Kuppam to ensure cleanliness in the municipality of Kuppam and Santhipuram mandal headquarters. During the proposed visit, Mr. Naidu is expected to inaugurate the Digital Nerve Centre (DiNC) at Kuppam Government Hospital, designed and developed with the support of Tata Consultancy Services. Mr. Sumit Kumar instructed the department heads to submit a comprehensive DPR on ongoing development works in the constituency.
