Latest news with #TCS
Hans India
2 hours ago
- Business
- Hans India
Naidu unveils vision to make AP $2.4-tn economy by 2047
New Delhi: Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday unveiled a bold development agenda to transform Andhra Pradesh into a $2.4-trillion economy by 2047. Addressing the Special Plenary Session of industry body CII's Annual Business Summit 2025 here, he invited industry leaders to participate in the Swarna Andhra Vision 2047 and called for deeper collaboration in innovation, infrastructure, and inclusive growth. As part of the vision, the government aims to sustain over 15 per cent annual GDP growth and achieve a per capita income of $42,000-positioning Andhra Pradesh as one of the most prosperous and inclusive states in India. Naidu said entrepreneurs generate wealth, and with it, we can implement impactful welfare programmes. During the years when the CII Partnership Summit was held in Hyderabad, it brought immense visibility and investment, he added. 'Now, I seek your support to bring investment to Andhra Pradesh so we can continue creating wealth. We are at a truly inspiring moment in time', the Chief Minister said. Reflecting on his decades-long association with CII, Naidu noted, 'For over three decades, you've understood and engaged with my vision. In the mid-1990s, when CII was still finding its footing, I was warned that associating with industrialists or international forums like Davos might harm my political prospects. Yet, I persisted- attending Davos regularly since 1995 - because I believed in economic development through collaboration'. The Chief Minister said his government would set up a global leadership centre in Amaravati to prepare leaders for tomorrow, on the lines of Davos in Switzerland. "We want to set up a global leadership centre in Amaravati to prepare global leaders for tomorrow. We are all going to Davos to learn, network, meet people, exchange ideas. Now, this is the place I want to make it," he said. Naidu said companies like TCS, IBM and L&T would be setting up quantum computing centres in Amaravati, the new Greenfield capital. He said Andhra Pradesh is well-positioned for industries producing green energy. Naidu said his state has good solar and wind energy potential, along with pumped storage, green ammonia and nitrogen. It also has ports. "Some states have solar, some have wind, but all put together, Andhra Pradesh is the number one state for green energy and downstream industries," he said. Inviting industries to set up facilities in the state, Naidu said, "I will give you all the facilities. I am planning big." He said out of India's target to achieve 500 gigawatts of installed electricity capacity for non-fossil-based energy sources, 160 GW will come from Andhra Pradesh. Naidu highlighted India's evolution since the economic liberalization era under Prime Minister PV Narasimha Rao, noting that nearly 30 per cent of top global Indian achievers are of Telugu origin. He underlined the importance of technological advancements - ranging from AI to quantum computing—and stressed the potential of real-time data and innovation to position India as a global leader. 'We are fortunate to have Prime Minister Narendra Modi at the helm during this critical phase. Today, we are the fourth-largest economy. As India ascends to become the world's third-largest economy, the real competition begins - with the USA and China. The Indian industry must prepare for this next phase,' he urged.
Time of India
a day ago
- Business
- Time of India
60% IT workforce of Pune & Mumbai is from Vidarbha: TCS Centre Head
Nagpur: Dispelling long-standing assumptions about the employable talent in Vidarbha, Arvind Kumar, centre head of Tata Consultancy Services (TCS), revealed that nearly 60% of the IT workforce in Pune and Mumbai comes from Vidarbha. Speaking at the VISTAAR industry-academia conclave hosted by Visvesvaraya National Institute of Technology (VNIT), Kumar said this statistic alone proves the untapped potential of Vidarbha as a growing reservoir of tech talent. "Many still believe that Vidarbha lacks skilled IT professionals, but the numbers say otherwise," Kumar noted. Reinforcing this, he shared that TCS hired 390 engineering interns from the region last year — more than from any other single region across India. Kumar traced this growing synergy between academia and industry to collaborative initiatives started nearly a decade ago. Back in 2015, when VNIT supported the formation of IIIT Nagpur, discussions began around transforming traditional engineering education. This led to the conceptualisation of a six-month internship model aimed at ensuring students graduate with hands-on, job-ready experience. "The idea was simple — bridge the classroom with the workplace. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo We wanted young engineers who could hit the ground running," Kumar said. Highlighting a recent initiative, Kumar spoke about a six-month hackathon organised by TCS, where 23 real-world industrial problems relevant to Nagpur's local industries were tackled by teams of students and faculty. "It wasn't just about solving problems; it was about instilling confidence. Interns who were initially hesitant eventually emerged as capable contributors," he said. Kumar stressed that mentorship, industry exposure, and real engagement are critical in shaping young talent. "Industries need to move beyond expecting ready-made professionals. They must invest in nurturing students, understand their context, and build pathways for growth," he said. He also urged academic institutions to proactively reach out to industry partners and form meaningful collaborations. Reflecting on his connection with VNIT, Kumar called it a growing, purposeful partnership and gave a call to action: "Real growth happens when academia and industry move in sync — not just in intention, but in execution." Addressing the gathering earlier, VNIT director Prem Lal Patel also stressed on the need for meaningful interaction between academia and industry to enable the students to face challenges in the real world. "This is a tool to supplement each other, and that would happen only if we can have extensive interaction with each other," he asserted, thus laying stress on the need for interaction with one another. Emphasising the importance of work exposure, he said that VNIT now allows 8th semester students to undertake longer internships, provided they have enough credit points till the 7th semester. He also invited industry participation through the Boards of Studies and Senate membership. A joint assessment of projects like VTEC and FTEC was suggested to sync academic work with industrial needs. "We can work together and assess, and also get an idea of what the industry needs are," he added further.
Economic Times
a day ago
- Business
- Economic Times
TCS Share Price Live Updates: TCS Volume Surge
30 May 2025 | 08:46:31 AM IST Welcome to the TCS Stock Liveblog, your real-time source for the latest updates and comprehensive analysis on a prominent stock. Dive into the current details of TCS, including: Last traded price 3498.1, Market capitalization: 1265643.19, Volume: 3188072, Price-to-earnings ratio 26.07, Earnings per share 134.2. Our liveblog offers a complete overview of TCS through a blend of fundamental and technical indicators. Stay informed about breaking news that can shape TCS's performance in the market. Our market analysis and expert opinions empower you to make informed investment decisions. Join us as we unravel the potential of TCS in the ever-changing market landscape. The data points are updated as on 08:46:30 AM IST, 30 May 2025 Show more
Business Recorder
a day ago
- Business
- Business Recorder
‘First Licensing System' at PMDC regional office in Lahore launched
ISLAMABAD: The Pakistan Medical and Dental Council (PMDC), to facilitate medical/dental graduates and practitioners, has launched for the first time, the Licensing System at the PMDC regional office in Lahore, Punjab. According to an official communiqué, the digital initiative targets to simplify and expedite the registration process for graduates and medical and dental professionals and specialists, enabling them to complete their registrations quickly and securely. The system promotes greater transparency, efficiency, and accessibility by eliminating traditional hurdles and significantly reducing processing times. One of the most notable benefits is that it saves medical and dental practitioners' valuable time and effort by eliminating the need to travel from Lahore to the Islamabad head office to resolve their queries. Furthermore, doctors facing difficulties in filling out the online portal application will be assisted by the staff available at the regional centre who is equipped to help with the submission process. All registration services will now be available at the PMDC Lahore Regional Office. These services include full registration, license renewal, issuance of Good Standing Certificates, provision of duplicates, and updates or changes to practitioner records, shall be facilitated except for matters related to teaching and practical experience. The Lahore office will also assist with the submission and processing of online applications, as well as resolving related queries for the above categories. Original certificates will be dispatched to practitioners via TCS courier service, while a copy of the certificate may also be provided to medical and dental professionals for their convenience. Prof Dr Rizwan Taj, President of PMDC, emphasised the significance of this development by stating: 'This is a step towards accelerating the licensing process through PM&DC's regional offices. By launching this initiative, we are empowering our doctors to begin their professional journeys without unnecessary delays.' He added that Phase-I has been launched in Lahore to serve practitioners in Punjab. The system will be expanded nationwide in the coming months. Phase-II will be launched in Peshawar and Karachi, followed by Phase-III in Jamshoro and Balochistan, and finally Phase-IV in Multan. Copyright Business Recorder, 2025
Mint
a day ago
- Business
- Mint
TCS revenue from Tata Group companies nears $1 billion
Tata Consultancy Services Ltd is nearing a billion dollars in annual revenue from its sister companies, a more than three-fold surge since Natarajan Chandrasekaran rose to the helm of the Tata Group's holding company eight years ago. The growing internal business, now representing 3.1% of TCS's total revenue, underscores Chandrasekaran's strategic push to modernize the sprawling conglomerate's digital infrastructure and leverage the IT giant's capabilities across the group. Out of TCS's FY25 revenue of more than ₹2.5 trillion, ₹7,835 crore came from group companies, the company's annual report showed. Eight years back, the figure was ₹2,412 crore. An email sent to TCS on Thursday remained unanswered. Rising revenue from group companies comes amid a broader initiative to foster tighter collaboration among Tata entities, exemplified by mega-deals with Jaguar Land Rover and state-run Bharat Sanchar Nigam Ltd. In 2023, TCS won an 800-million-pound order from Tata Motors' UK subsidiary Jaguar Land Rover to revamp its IT systems. Also read | Tata Sons feels the heat as TCS shrinks dividend for the first time in 20 years 'The JLR contract was a mega deal for TCS and its ramp-up would have caused the group company revenues to increase significantly," said a Mumbai-based analyst on condition of anonymity. A mega deal is a contract that brings more than ₹8,500 crore, or $1 billion in revenue. TCS winning a ₹15,000 crore contract from state-run Bharat Sanchar Nigam Ltd was another example. In August 2023, TCS announced that along with group company Tejas Networks Ltd, which makes wireless networking products for telecom companies, it had won a large contract from BSNL. TCS has also bagged multi-year contracts worth over ₹5,000 crore from its non-bank lender Tata Capital Ltd. The increase in earnings from group companies is primarily due to Chandrasekaran's efforts to make TCS future-ready for many of the group companies. Chandrasekaran, who began his career with TCS, rose through the ranks to become chief executive officer in 2009, before he was elevated as Tata Sons chairman in February 2017. Since then, Chandrasekaran has been nudging senior executives within TCS to collaborate with group companies such as Tata Communications Ltd, and also help modernize their IT infrastructure, an executive familiar with the developments said. He envisioned the 'One Tata' plan in 2017, a strategy to "simplify, synergise, and scale" the group's operations. Read this | The quiet philanthropists: Premji Foundation, Tata Trusts match social spending of top Nifty companies 'I see ample evidence that we are moving ahead on the course we set under the 'One Tata' strategy. We are embarking on a process of simplifying, synergizing and scaling (3S) to create an agile, powerful platform," Chandrasekaran wrote in a New Year message to Tata Group employees in 2019. For now, TCS executives believe business from group companies will only increase. 'Tata Group getting into new businesses like semiconductors and digital business is an opportunity for us (TCS) to work with other group companies," the executive cited above said on the condition of anonymity. Chandrasekaran's letter to shareholders in the TCS annual report also underscored the importance of technology. '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," Chandrasekaran, who is also chair of TCS, wrote in the annual report. 'This reimagination includes designing end-to-end traceability across supply chains; diversification of sourcing strategies to build resilience, and region-specific ecosystems to serve decentralized markets." And read | Tata Sons concludes probe into a top executive. Here's the verdict More money from Tata-owned businesses also comes at a time when the company is looking to boost revenue from its home turf. For two years, India has been the fastest-growing market for TCS, accounting for 8.6% or $2.6 billion in revenue last year. Despite the boost from group companies and homegrown businesses, TCS's growth has slowed: TCS ended the year with $30.18 billion in revenue, representing a 3.78% dollar revenue growth. This was its slowest growth in four years.
