None of our system or user compromised: TCS on M&S cyberattack
Tata Sons and Air India Chairperson N Chandrasekaran skipped Tata Consultancy Services' AGM amid the Air India crisis, stating 'exigencies'. Independent director Keki Mistry resided as the Chair of the meeting in his absence.
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India.com
33 minutes ago
- India.com
More trouble for international fliers as Air India takes shocking decision to...., suspends services on...
More trouble for international fliers as Air India takes shocking decision to...., suspends services on... Grappling with disruptions, Air India took another major decision and said it will cut 38 international flights per week and suspend services on three overseas routes between June 21 and July 15. The detailed announcement comes a day after the carrier said it would temporarily reduce flights operated with wide-body planes by 15 per cent. The Tata Group-owned airline, grappling with disruptions following the fatal plane crash on June 12 in Ahmedabad, said the objective of reducing flights on 18 international routes is to restore schedule stability and minimise last-minute inconvenience to passengers. 'These reductions will be effective from June 21, 2025, and last until at least 15 July 2025,' the airline said in a statement. Routes suspended Services will be suspended on Delhi-Nairobi, Amritsar-London (Gatwick) and Goa (Mopa)-London (Gatwick) till July 15. While the Delhi-Nairobi route has four flights per week, the Amritsar-London (Gatwick) and Goa (Mopa)-London (Gatwick) routes each have three flights a week, according to the airline. Less number of flights on… Besides, flights will be reduced on 18 international routes connecting cities in North America, Europe, Australia and the Far East. The routes in North America, which will see reduced frequencies, are Delhi-Toronto, Delhi-Vancouver, Delhi-San Francisco, Delhi-Chicago and Delhi-Washington. The routes in Europe with reduced flight services include Delhi-London Heathrow, Bengaluru-London Heathrow, Amristsar-Birmingham and Delhi-Birmingham, Delhi-Paris, Delhi-Milan, Delhi-Copenhagen, Delhi-Vienna and Delhi-Amsterdam. Similarly, services on Delhi-Melbourne, Delhi-Sydney, Delhi-Tokyo Haneda and Delhi-Seoul (Incheon) have also been reduced as part of the revised schedule. Air India's apologises Earlier in the day, Air India CEO and Managing Director Campbell Wilson in a message to flyers said that as a confidence-building measure, the airline has elected to continue enhanced pre-flight safety checks on its Boeing 787 fleet and, as an added measure, its Boeing 777 aircraft for the time being. Given the time these additional checks will consume and the potential impact on schedules, Air India has decided to reduce its international wide-body flights by around 15 per cent starting June 20, through to at least mid-July, Wilson said. On Thursday, Air India again apologised to the passengers affected by these curtailments. 'Regrettably, the time required to perform these enhanced safety checks, along with the application of extra caution, external factors like airspace closures in Iran and the Middle East as well as night-time restrictions at some international airports, along with normal airline technical issues, has led to a higher-than-usual number of cancellations on our long-haul network in the past few days,' the Air India chief said in his message.
Indian Express
an hour ago
- Indian Express
India's TCS says none of its systems were compromised in M&S hack
Tata Consultancy Services said none of its 'systems or users were compromised' as part of the cyberattack that led to the theft of customer data at retailer Marks and Spencer, its client of more than a decade. '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.
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Business Standard
an hour ago
- Business Standard
₹67-crore order pushes TD Power Systems share price 3% higher; details
TD Power Systems shares rose after the company announced that it has secured an order worth approximately ₹67 crore. SI Reporter New Delhi TD Power Systems share price: TD Power Systems shares rose up to 2.51 per cent to hit an intraday high of ₹528.25 per share on the last trading day of the week i.e Friday, June 20, 2025. However, by 9:22 AM, TD Power Systems shares were off day's high, and were trading merely 0.42 per cent higher at ₹517.45. In comparison, BSE Sensex was trading 0.32 per cent higher at 81,621.72 level. Why did TD Power Systems share price rise today? TD Power Systems shares rose after the company announced that it has secured an order worth approximately ₹67 crore. In a press release, TD Power Systems said, 'The Company is pleased to announce the receipt of a prestigious order valued at approximately ₹67 crore (exclusive of taxes) from a leading multinational corporation for the supply of components for traction motors for export.' Under the terms of the order, TD Power Systems will be responsible for the supply of components for traction motors for export. The deliveries are scheduled to be completed from January 2026 to December 2027. 'This order further demonstrates TDPS's technical expertise and trusted capabilities in delivering high-precision components that meet global standards,' TD Power Systems said. TD Power Systems Q4 results TD Power Systems' consolidated profit after tax (PAT) grew 93 per cent year-on-year (Y-o-Y) to ₹52.6 crore in Q4FY25, from ₹27.3 crore in Q4FY24. Its revenue from operations jumped 32 per cent Y-o-Y to ₹348.2 crore, from ₹263.8 crore a year ago. At the operating level, earnings before interest, tax, depreciation and amortisation (Ebitda) climbed 69 per cent Y-o-Y to ₹73.6 crore, from ₹43.4 crore in Q4FY24. Subsequently, Ebitda margin expanded 430 basis points (bps) to 20.7 per cent in Q4FY25, from 16.4 per cent in Q4FY24. The company's order inflow grew 43 per cent annually to ₹413.4 crore in Q4FY25, from ₹289.7 crore a year ago. TD Power Systems dividend TD Power Systems board also recommended a final dividend of ₹0.65 per equity share of face value of ₹2 each for the financial year ended March 31, 2025. The said dividend, if declared at the ensuing Annual General Meeting (AGM) of the company, will be paid within 30 days from the date of AGM. About TD Power Systems TD Power Systems specialises in the manufacturing of AC generators and electric motors, serving a broad spectrum of power generation and industrial applications. Its product portfolio includes generators designed for steam, gas, hydro, and wind turbines, as well as for diesel and gas engines. Additionally, TD Power Systems produces a variety of electric motors, including induction, traction, and synchronous types. The company supports diverse sectors, with solutions tailored for renewable and thermal energy, along with a wide range of industrial uses.
