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☆ CNBC's Inside India newsletter: Will AI make or break India?
  + stars: | 2024-05-02 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +9 min
But one that could foreshadow India's growth story. Can Teleperformance's stock plunge be the canary in the coal mine for what is likely to happen to India because of AI? But it's likely to be a blip for India's growth trajectory, given the macro forces at play. Besides creating jobs that are less likely to be immediately disrupted by AI, India could also be a net beneficiary of artificial intelligence. The Indian stock market indexes, Sensex and Nifty 50 , are heading for a positive week again — up by 1% and 1.2%, respectively.
Persons: Findlay Kember, Klarna, ChatGPT, K Krithivasan, Krithivasan, Narendra Modi, It's, Shilan Shah, Goldman Sachs, Vinay Dwivedi, Ashok Gulati, Nomura, League Pickleball, Karine Jean, Pierre, Jerome Powell, Raghuram Rajan, Ashish Jain, CNBC's Ayushi Jindal Organizations: AFP, Getty, India's Tata Consultancy Services, Financial Times, TCS, World Bank, International Monetary Fund, University of Oxford, Capital Economics, Investment, Nomura, Qualcomm, Powerchip Semiconductor Manufacturing, UPI, India, Commission, Agricultural, United Pickleball Association, Global Sports, PPA, League, Washington Post, White, U.S ., Federal, CNBC, Reserve Bank of India, University of Chicago Booth School of Business Locations: Swedish, Paris, India, Chennai, U.S, Europe, China, Singapore, South Korea, Canada, United States
☆ CEO of Tata Consultancy Services discusses its growth outlook
  + stars: | 2024-04-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCEO of Tata Consultancy Services discusses its growth outlookK. Krithivasan, CEO of Tata Consultancy Services, discusses the company's growth outlook in light of uncertain macroeconomic conditions.
Persons: Krithivasan Organizations: Tata Consultancy Services
☆ India's TCS beats Q4 profit view on strong deal momentum
  + stars: | 2023-04-12 | by ( ) www.reuters.com   time to read: +1 min
The company's net profit rose 14.8% to 113.92 billion rupees ($1.39 billion) in the three months ended March 31, from 99.26 billion rupees a year earlier. Analysts on average had expected a profit of 110.13 billion rupees, according to Refinitiv IBES data. TCS said its order book for the Jan-March period stood at $10 billion, up 28% sequentially, with an "all-time high number of large deals." Revenue from operations rose about 17% to 591.62 billion rupees. ($1 = 82.0700 Indian rupees)Reporting by Nallur Sethuraman in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.
☆ Indian shares rise on easing global banking concerns
  + stars: | 2023-03-17 | by ( Bharath Rajeswaran | ) www.reuters.com   time to read: +2 min
BENGALURU, March 17 (Reuters) - Indian shares advanced on Friday, aided by financials, tracking a rebound in global equities after a slew of measures to support the global banking system eased worries about a crisis in the financial sector. While the developments eased immediate concerns of a crisis in the global banking system, some analysts remained cautious. "The Fed needs to manage a delicate balancing act between price stability (inflation) and financial stability (growth) in next week's meeting." Information technology stocks (.NIFTYIT) rose over 1% with all 10 constituents logging gains. ($1 = 82.5870 Indian rupees)Reporting by Bharath Rajeswaran in Bengaluru; Editing by Dhanya Ann Thoppil and Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.
☆ India's TCS CEO Gopinathan to step down, veteran Krithivasan to take over
  + stars: | 2023-03-16 | by ( ) www.reuters.com   time to read: +1 min
BENGALURU, March 16 (Reuters) - India's largest IT services provider Tata Consultancy Services (TCS) (TCS.NS) said on Thursday Rajesh Gopinathan will resign as chief executive officer, just a year into his second five-year term at the helm of the company. The company said Gopinathan — who was re-appointed last year as the Indian IT behemoth's CEO till 2027 — will leave TCS to pursue other interests. Gopinathan has been with TCS since 2001 and has held multiple leadership positions, including that of chief financial officer. Under his leadership, TCS shares have nearly tripled, revenue has almost doubled and profit has risen about 60%, as of last quarter. TCS shares, which have lost about 2.2% so far this year, closed down 0.4% on Thursday.
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