Latest news with #NChandrasekaran
New Indian Express
7 hours ago
- Business
- New Indian Express
From experimentation to deployment: IT firms now focus on AI agents
IT services firms are now focusing on AI agents, as clients across sectors demand agents that can effectively communicate as well as enhance productivity. Agentic AI can operate independently, make decisions and also initiate workflows. It uses reasoning and autonomously solves complex issues. Tata Consultancy Services chairman N Chandrasekaran in his letter to shareholders said that the company is establishing a large pool of AI agents working alongside the human workforce. The company said in its FY25 annual report that AI is transitioning from single-purpose solutions to Agentic AI to solve complex business problems. Infosys has launched over 200 enterprise AI agents that are part of Infosys Topaz AI offerings. The company said the AI agents are designed to drive tangible outcomes for enterprises by transforming complex workflows and managing intricate, multi-agent business operations efficiently at scale. 'These enterprise AI agents cater to multiple sectors, including healthcare, finance, retail, telecom, manufacturing, and agriculture. Leveraging advanced machine learning and cognitive architecture, the agents are equipped with powerful capabilities such as data extraction to transform raw inputs into actionable insights and multimodal functionality to handle diverse data types effectively,' the company added. For instance, Infosys said, in the area of predictive network capacity planning, a monitoring agent continuously tracks real-time network capacity and alerts for any immediate concerns. The company added that in the manufacturing domain, a forecasting agent uses real-time data to predict demand for vehicle parts, thus optimising inventory and managing the supply chain. Balakrishna D R (Bali), executive vice-president, global services head, AI and industry verticals, at Infosys, said: 'The development of more than 200 enterprise AI agents marks a milestone in our continued efforts to innovate and lead in the enterprise AI space. With Infosys TopazTM AI offerings and Google Cloud's advanced AI frameworks, we are enhancing Human+AI collaboration and unlocking new levels of efficiency and precision across industries.' Infosys also launched Agentic AI Foundry, a comprehensive solution designed to accelerate the development and deployment of reliable production-grade AI agents. A recent report by Nasscom in partnership with management consulting firm Avasant said that AI Agents are poised to drive the next wave of enterprise transformation in 2025. 'The next frontier of enterprise transformation is being shaped by AI agents, which are rapidly progressing from experimentation to deployment. As organisations move toward synchronous AI architectures, AI agents are emerging as a core capability. Currently, 27% of enterprises report having AI agents in production or at scale, while 31% are at the proof-of-concept (PoC) stage, and another 30% plan to initiate PoCs or scale deployments in CY2025. Enterprises are expected to spend 3-4X more on AI agents in CY2025 as a result of synchronous AI systems, signalling a strategic reallocation of budgets away from classical AI and even GenAI toward more interactive, autonomous agent-based systems,' the study added. Sangeeta Gupta, senior vice-president and chief strategy officer at Nasscom, said: 'The transition to synchronous AI agents marks a fundamental shift towards seamless human-machine collaboration, unlocking new levels of productivity and innovation. Enterprises that invest in modular, agile architectures and build AI-ready workforces will be best positioned to navigate uncertainty and capture growth opportunities in the coming decade.'
Time of India
3 days ago
- Automotive
- Time of India
Tata Chemicals rejig: Chandra steps down as chairman
Photo/Agencies MUMBAI: Tata Chemicals' board is undergoing a rejig, with N Chandrasekaran stepping down as chairman. The position will be assumed by company director S Padmanabhan. In his letter to the board, Chandrasekaran, who is also the chairman of Tata Chemicals' parent Tata Sons , cited his current and future commitments as the reason for his decision to step down. Chandrasekaran, who owns Tata Chemicals shares worth nearly Rs 9 crore, joined the company's board in Nov 2020. Rules allow an individual to be a director of up to 20 companies, encompassing public, private, listed, and unlisted entities. With Tata Motors splitting into two separate entities, Chandrasekaran will have additional directorship responsibilities at the automotive giant. Also, he was recently appointed as the chairman of the Ratan Tata Endowment Foundation, which is a beneficiary of the late industrialist Ratan Tata's shares in Tata companies, valued at Rs 2,750 crore. Within the 20 companies, an individual can serve on the boards of 10 public companies, and within those 10, he can be a director of up to seven listed companies. Tata Chemicals has also appointed Modan Saha, strategy head at Tata Sons, as an additional director of the company. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
3 days ago
- Business
- Time of India
GenAI is a civilisational shift: N Chandrasekaran
Bengaluru: TCS chairman N Chandrasekaran said GenAI was the single most transformative force in 2024. He described it as a significant advancement that goes beyond typical technological progression, stating that "GenAI is not just another tech cycle—it is a civilisational shift. " He expressed confidence that in 2025, TCS will have the largest AI-trained workforce in the industry with a four-pronged approach. Initially, TCS said it plans to create a large pool of AI agents collaborating with its human employees. Subsequently, TCS is implementing solutions through an integrated approach combining human expertise and AI capabilities. Furthermore, it's making strategic investments in AI data centres and cloud infrastructure. It's also forging industry-best partnerships with hardware companies, solution innovators, and startups. "Achieving near-human reasoning capabilities, GenAI is not just another tech cycle, it is a civilisational shift. Its widespread adoption is accelerating, powered by parallel advances in semiconductors, cloud computing, quantum technologies, robotics, and energy innovation. GenAI is already redefining analytics, customer experience, and marketing. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Artificial Intelligence and Machine Learning For Working Professionals. BITS Pilani WILP Apply Now The rise of autonomous robots and AI agents promises a future of 'dark factories' and AI-assisted enterprise functions," he said in a letter to shareholders published in the company's annual report. Chandrasekaran said every industry stands to benefit from GenAI—and the IT industry is no exception. "TCS is uniquely positioned to lead this transition. With our domain expertise, deep client relationships, and contextual knowledge, we are the ideal partner for enterprises seeking to build AI-first cultures, transform supply chains, navigate energy transitions, and build resilient and adaptive operations." He also said the evolving geopolitical landscape and the emergence of a multipolar world are now reshaping how global businesses operate. "We are witnessing the rise of new paradigms, demanding a thorough reimagination of systems, processes, and technologies to improve visibility, reduce costs, and enhance operational throughput." This reimagination, he said, includes designing end-to-end traceability across supply chains; diversification of sourcing strategies to build resilience, and region-specific ecosystems to serve decentralized markets. The annual report showed that TCS CEO K Krithivasan took home a salary of Rs 26.5 crore in the 2024-25 financial year, a 4.6% increase from Rs 25.3 crore in the year-ago period. His compensation includes a basic pay of Rs 1.3 crore, Rs 2.1 crore in benefits and perquisites, and Rs 23 crore as commissions. The company said the average annual increase was in the range of 4.5% to 7%, with top performers receiving double digit increments in India. In the last financial year, the overall rise fell within the 5.5% to 7.5% bracket, inclusive of promotions and additional compensation adjustments linked to specific events. Employees outside India received salary hikes varying from 1.5% to 6%.
Time of India
3 days ago
- Business
- Time of India
N Chandrasekaran steps down and S Padmanabhan assumes chairman role at Tata Chemicals
N Chandrasekaran steps down and S Padmanabhan assumes chairman role at Tata Chemicals MUMBAI: The board of Tata Chemicals is undergoing a restructuring, with N Chandrasekaran stepping down as chairman. This position will be assumed by existing company director, S Padmanabhan. In his letter to the board, Chandrasekaran, who is also the chairman of Tata Chemicals' parent, Tata Sons, cited his current and future commitments as the reason for his decision to step down. Chandrasekaran, who owns Tata Chemicals shares worth nearly Rs 9 crore, joined the company's board in November 2020. Rules allow an individual to be a director of up to 20 companies, encompassing public, private, listed, and unlisted entities. With Tata Motors splitting into two separate entities, Chandrasekaran will have additional directorship responsibilities at the automotive giant. Additionally, he was recently appointed as the chairman of the Ratan Tata Endowment Foundation, which is a beneficiary of the late industrialist Ratan Tata's shares in Tata companies, valued at Rs 2,750 crore. Within the 20 companies, an individual can serve on the boards of 10 public companies, and within those 10, he can be a director of up to seven listed companies. Tata Chemicals has also appointed Modan Saha, strategy head at Tata Sons, as an additional director of the company. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India.com
3 days ago
- Business
- India.com
Tata Sons chairman N Chandrasekaran makes big move, decides to step down as…., his successor will be…
Home Business Tata Sons chairman N Chandrasekaran makes big move, decides to step down as…., his successor will be… Tata Sons chairman N Chandrasekaran makes big move, decides to step down as…., his successor will be… Tata Sons chairman N Chandrasekaran has decided to step down as the Director and Chairman of Tata Chemicals. N Chandrasekaran (File) In a major move, Tata Sons chairman N Chandrasekaran has decided to step down as the Director and Chairman of Tata Chemicals, the company informed in exchange filings on Wednesday. For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Read more on Latest Business News on More Stories
