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The IT services giant also plans on launching its new Generative AI Enterprise Adoption offering on Microsoft Cloud

The online drugstore plans to swallow a bitter pill in the hope that it can heal itself. The distress rights issue, if it goes through, will bring it some relief, for the moment. But it will also bring organisational changes in its wake as investors would take control of the company. This and more in todays ETtech Morning Dispatch.

India Business News: MUMBAI: Days after Tatas' crown jewel TCS sacked six employees in the bribes-for-jobs scandal, another group company, Tata Steel, has given the boot t.

It has also launched its Generative AI Enterprise Adoption offering, which uses a proprietary transformation framework to help clients with customer service, new business models and more.

Tata Consultancy Services (TCS) and Tata Steel have both terminated employees for misconduct, including recruitment bribery and sexual misconduct.

“IT is so over owned and the psychology of investors also is that they want to buy IT stocks at all times. I am not buying IT companies. There is a risk that there could be some turnaround and the stocks could start suddenly performing very fast but we live with that risk when we do active investing.”

Generative AI enterprise adoption offering uses a proprietary transformation framework to bring together TCS knowledge and expertise in Azure Open AI service to help clients enhance customer experience and grow revenue.

TCS’ Microsoft Business Unit (MBU) already comprises over 50,000 AI-trained associates, the filing added.

Experts say indicators point show no change in the demand environment in the last two months

TCS also launched a generative AI business offering, called TCS Generative AI Enterprise Adoption, which will offer deployments of OpenAI’s generative AI business tools via the Azure platform to businesses.