logo
TCS extends contract with Virgin Atlantic

TCS extends contract with Virgin Atlantic

Time of India2 days ago

Bengaluru: TCS extended its long-standing strategic alliance with Virgin Atlantic through a new seven-year agreement, focusing on transforming the airline's core technology infrastructure with AI-driven solutions.
This renewed partnership aims to boost operational efficiency, enhance customer experience, and promote sustainability.The collaboration involves TCS implementing an AI-powered digital core based on cloud technology to integrate Virgin Atlantic's technology systems.
Additionally, they will establish an advanced technology command centre to deliver real-time insights and facilitate personalised airline services.
"Our two-decade partnership with Virgin Atlantic is a testament to a shared vision. We're helping redefine the future of travel," said Amit Kapur, country head of UK & Ireland, TCS.
The technological transformation will utilise TCS' proprietary platforms, including TCS Cognix and AI WisdomNext, to upgrade systems and create intelligent, expandable digital frameworks. These innovations are designed to strengthen frontline operations, enhance decision-making processes, and create personalised customer experiences. "We exist to make our customers smile. TCS has been a partner for more than two decades and together we'll continue to build towards our vision of becoming the most loved travel company," said Oli Byers, CFO, Virgin Atlantic.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Young workforce shrinks at TCS and Infosys. Is the pyramid model breaking?
Young workforce shrinks at TCS and Infosys. Is the pyramid model breaking?

Mint

time10 hours ago

  • Mint

Young workforce shrinks at TCS and Infosys. Is the pyramid model breaking?

India's top two IT companies—Tata Consultancy Services Ltd (TCS) and Infosys Ltd—are seeing a sharp decline in their young workforce, raising concerns over the sustainability of the traditional employee pyramid model. Analysts warn that the shrinking number of employees aged under 30 could indicate automation-led redundancy in entry-level roles and point to broader shifts in the IT services market. Young graduates increasingly prefer startups, captive tech centres of global firms like Google and Microsoft, and product-based tech companies—drawn by better pay, faster growth, and more creative, less mundane work, they added. This assumes significance as it signals cracks in the traditional pyramid model used by Indian IT firms, where a wide base of young workforce supports a narrower band of experienced professionals and management. With fewer young hires, slower hiring, and narrow margins, companies like TCS and Infosys are under pressure to rethink their workforce plans amid weak global tech demand. Also read: TCS, Infosys hop onto Adobe's new platform to sell AI services to clients Falling numbers At TCS, just 47.7% of employees in India were below 30 years of age as of March 2025—down from 59% in FY22. This implies 44,542 fewer young employees at TCS than it had three years earlier. While the company doesn't provide region-wise data, about three-fourths of its global workforce of 607,979 is based in India. Infosys shows a similar pattern. Only 52% of its 323,578 employees were equal to or under 30 years of age at the end of FY25, down from 60% in FY22—a net drop of about 17,609 younger employees. 'It is interesting to note that the percentage of employees in the less-than-30 years' age group is at the lowest level over the past six years across most geographies," said Kotak Institutional Equities analysts Kawaljeet Saluja, Sathishkumar S., and Vamshi Krishna, in a note dated 3 June. Analysts say automation is partly to blame. 'The primary areas of deployment for entry-level employees was managed services where these employees handled customer support roles. With automation tools on offer, there is lesser need for such people which can be another reason for the lowering count of those aged 30 and below," said Ashutosh Sharma, research director at Forrester Research, a Massachusetts-based research and advisory firm. Phil Fersht of HFS Research echoed this view: 'Advances in automation and AI have enabled these firms to deliver traditional services with fewer headcounts. In addition, many clients are demanding lower prices, which is driving providers like TCS and Infosys to deliver with fewer people." Also read: How India's mid-cap IT bested the Big Four in hiring Broken pyramid Analysts are flagging the structural challenge this poses to the pyramid model. 'Significant improvement in the pyramid from the current levels requires healthy revenue growth in the normal course of business, not our base case in FY2026E," said the Kotak analysts. TCS's revenue in FY25 rose only 3.78% to $30.18 billion—its slowest growth in four years. Infosys's revenue growth was similarly sluggish at 3.85%, touching $19.28 billion. India's IT outsourcers saw slower growth last year as global clients cut back on tech spending due to economic uncertainty. 'Improving the employee pyramid will help in structurally better margins," said the Kotak analysts. Hiring entry-level employees increases operating margins of an IT outsourcer as they can be deployed in projects at lower costs compared with executives of higher experience, for whom the client has to shell out a greater amount. TCS and Infosys posted operating margins of 24.3% and 22.1%, respectively, in FY25. A Mumbai-based analyst, speaking on condition of anonymity, noted that slow hiring reflects sluggish demand for IT services. 'IT service providers hire junior employees, most of whom fall under 30, when there is high demand for tech services. This was the case in FY22 when plenty of freshers were added. Now because growth has been a little sluggish, hiring has been low and which is why we see fewer young people." In FY22, TCS and Infosys had added over 157,000 employees combined. In FY25, that number dropped to just 12,771. This also shows up in campus placement data. Engineering colleges across India have reported fewer offers from top-tier IT services companies over the past two years. Many final-year students who would typically receive early offers from TCS and Infosys are now seeking opportunities at product firms, fintech startups, or overseas universities instead, according to placement officers at institutions in Bengaluru and Pune. Also read: TCS vs Infosys vs Wipro: How many freshers are IT majors hiring in FY26? Job outlook for upcoming year explained Ageing abroad TCS faces a more pressing issue abroad: an ageing workforce in key markets. In North America, which contributes over half of TCS's revenue, more than 20% of its workforce is over 50 years old. In Europe, nearly 28% of its employees are above 50. Worryingly, the firms are also losing their appeal among young jobseekers. This shift in demographics isn't just a TCS or Infosys problem—it reflects a broader transformation in the Indian IT services landscape, which has historically relied on a large, young, and inexpensive workforce to deliver cost-effective offshore services to global clients. With that model under strain, the entire sector may be heading for a reset. Infosys received 4.46 million job applications in FY25—a 24% drop from FY22. TCS does not share comparable data. While neither company responded to emails seeking comment, people familiar with internal HR strategies at TCS and Infosys said both firms are exploring re-skilling and AI-integrated training programs to improve employee productivity. Also read: Primer: Is geopolitics to blame for your missing pay hike?

TCS Share Price Live Updates: TCS reports a monthly return drop
TCS Share Price Live Updates: TCS reports a monthly return drop

Time of India

time14 hours ago

  • Time of India

TCS Share Price Live Updates: TCS reports a monthly return drop

05 Jun 2025 | 08:46:38 AM IST Stay up-to-date with the TCS Stock Liveblog, your trusted source for real-time updates and thorough analysis of a prominent stock. Explore the latest details on TCS, including: Last traded price 3380.9, Market capitalization: 1223239.21, Volume: 2544807, Price-to-earnings ratio 25.19, Earnings per share 134.2. Get a comprehensive understanding of TCS with our coverage of both fundamental and technical indicators. Stay informed about breaking news that can have a significant impact on TCS's performance. Our expert opinions and recommendations empower you to make well-informed investment choices. Trust the TCS Stock Liveblog to keep you informed and equipped in the dynamic market landscape. The data points are updated as on 08:46:38 AM IST, 05 Jun 2025 Show more

Move to set up MSME park in every Assembly constituency gets Cabinet nod
Move to set up MSME park in every Assembly constituency gets Cabinet nod

The Hindu

time18 hours ago

  • The Hindu

Move to set up MSME park in every Assembly constituency gets Cabinet nod

The Andhra Pradesh State Cabinet has approved the proposal submitted by the Industries and Commerce Department to develop 175 MSME parks in the State, one each in all 175 Assembly constituencies, as part of the 'One Family-One Entrepreneur' policy. The Cabinet also approved the Andhra Pradesh Capital Region Development Authority's (APCRDA) proposal to allot 50 acres of land for the development of a Quantum Valley in Amaravati. The APCRDA submitted a Detailed Project Report (DPR) for the project, Information and Public Relations (I&PR) Minister Kolusu Parthasarathy told the media at the Secretariat after the Cabinet meeting on Wednesday. The Cabinet approved a proposal for the establishment of Andhra Pradesh State Quantum Mission (SQM), for which the government would work with institutions such as IIT Madras, TCS, and IBM. Advanced research in quantum computing, AI, and cybersecurity, etc. would attract world-class researchers, bringing investments to the State. IBM will deploy '156-qubit Quantum System 2' in the State, while TCS will partner in software development and the L&T will participate in the development of Quantum Valley Tech Park. Quantum Summit This mission will contribute to cutting-edge research in cybersecurity, drug discovery, material science, and high-performance computing, transforming the State into centre for quantum technology, the Minister said, adding that the Quantum Summit would be organised in June to develop strategic action plans with international experts. Mr. Parthasarathy said that the Cabinet approved the proposal by the Panchayat Raj and Rural Development Department for a one-time settlement of ₹5.75 crore for providing safe drinking water through RO Plants to Uddanam area and tribal areas in Srikakulam district under NTR Sujala Pathakam, and ₹8.22 crore as one-time settlement for 15 water treatment plants to cover 533 water-scarce habitations in four mandals in Kuppam constituency, he said. This decision will ensure safe drinking water supply to 2.42 lakh people in 341 habitations across seven mandals including Palasa, Vajrapukotturu, Kaviti, Sompeta, Kamchili, Ichapuram, Mandasa, and tribal areas in Seetampeta mandal of Srikakulam district. Clean drinking water will be made available to 2.85 lakh people in 533 habitations across Kuppam, Gudipalle, Shantipuram, and Ramakuppam mandals in Chittoor District, he said. The Cabinet also approved a proposal to exempt stamp duty and registration fees for the transfer of 10.88 acres of land at Vanguru village in Eluru District, which former IAS officer Kasaraneni Damayanthi intends to donate to Hyderabad Eye Institute. Through this decision, Hyderabad Eye Institute will receive an exemption of ₹10.54 lakh in transfer duty. The Cabinet ratified the revised administrative sanctions implemented for the modernisation works of Haritha Hotel Yatri Nivas in Visakhapatnam. JetCity project The Cabinet approved the proposals for completion of Flatted Factory Complex works at JetCity at Vemavaramu village in NTR district by Andhra Pradesh Economic Cities Promotion and Development Corporation Limited (APEDCO). The government will allot 10.12 cents of land to the APEDCO for the first phase of JetCity project, he added.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store