Page 149 - Tcs News Today

TCS and Infosys have revealed major plans to monetise generative AI capabilities in their Q4 FY23 earnings call last week. This comes at the back of growing popularity of OpenAI’s chatbot, ChatGPT.

The countrys biggest IT services company TCS will continue investing in research and innovation, office...

The 30-share BSE Sensex tanked 677.86 points to 59,753.14 in early trade. The broader NSE Nifty fell 200 points to 17,628.

Experts say next couple of quarters could be choppy but are hopeful of a subsequent recovery.

Executives who quit their stable jobs for the allure of startup life, with lucrative stock options and impressive job titles, are flocking back to their former employers, accepting similar or even reduced salaries, as they choose job security over the tantalizing prospects of the fledgeling startups

The companys promise to continue with the normal wage hikes will hit the operating profit margins by a further 1.70-1.75 per cent in the June quarter, its chief financial officer Samir Seksaria said.

Just in January, Infosys had raised its FY23 CC revenue growth guidance to 16-16.5% from 15-16% earlier. But evidently, the scenario didn’t pan out as expected with the company missing its guidance after clocking 15.4% CC revenue growth.

TCS may raise its campus salaries for freshers and introduce incentives to allow new recruits to upgrade skills

Top two IT companies together have added a total of 51,819 employees in this fiscal year in comparison to 1,57,942 employees the companies added in the previous year.

The key event to watch out for next week would be corporate earnings and the commentary by management.