Moving the head of Tata Consultancy Services to the top job at Tata Sons' holding company fills a critical hole for the salt-to-software conglomerate, but it leaves another at its most valuable company ahead of a complex and unpredictable 2017.

The promotion of Tata veteran Natarajan Chandrasekaran - the well-regarded, high-performing boss of TCS under whom shares have quadrupled - should be no surprise.

Bengaluru: It’s time chief executive officer and managing director Natarajan Chandrasekaran sheds the invented-here approach at Tata Consultancy Services Ltd (TCS), India’s largest software services company.

For the first time since TCS went public in 2004, its annual growth will be less than or at best on par with Accenture Plc., which is double the size of the Mumbai-based company.

Cyrus Mistry, the ousted chairman of Tata Sons, has appealed to minority shareholders of Tata Consultancy Services to vote with a conscience as the future India's largest IT services firm hinges on ''good governance and ethical practices" . Mistry also said he is fighting to save the soul of the Tata Group.

Mistry is certain that Tata Sons, which owns over 73 per cent stake in TCS, would score over any dissent to remove him from the company's board in the extraordinary general meeting of TCS called on Tuesday. In his letter to shareholders, he says the "fight is a matter of principle rather than facing the foregone outcome.

Mumbai, Dec. 9: The country's top 100 companies in market valuation generated wealth worth Rs 28.4 lakh crore in the last five years, with Tata Consultancy Services (TCS) retaining the top position for the fourth time in a row.

According to the "21st Annual Wealth Creation Study" by Motilal Oswal Financial Services, Tata Consultancy Services is the biggest wealth creator as it generated over Rs 2.6 lakh crore for the period 2011-16.

Bengaluru: Don Callahan may be an unfamiliar name to many in India, but for companies in the country’s $150 billion outsourcing business, the head of operations and technology at Citigroup Inc. could be quite the game-changer.

Callahan will decide the winner of the largest outsourcing contract up for grabs in close to a decade. The last time the contract was awarded, in 2008, it was worth $2.5 billion for a 10-year period.

Tata Consultancy Services (TCS) today announced that it would implement a unified global process blueprint for chip-making equipment manufacturer ASML, aiming to “simplify business processes, improve operational efficiency and elevate stakeholder experience.”

Recently, TCS set up an exclusive centre for ASML in its Hyderabad campus, which was inaugurated by chief information officer, Louis Luijten and executive vice president and chief financial officer of ASML, Wolfgang Nickl.

Mumbai: Ratan Tata once tried to sell Tata Consultancy Services Ltd (TCS), now the cash cow of the Tata group, to International Business Machines Corp. (IBM), a statement from the office of Cyrus Mistry claimed on Tuesday.

The statement, which came days after Tata Sons Ltd said its ousted chairman failed to “contribute materially” to TCS, denied the allegation and said Mistry had worked to future-proof the software maker’s strategy.

As the Tata-Mistry battle rages on, two key board meetings will be held on Thursday including one to seek removal of the ousted group chairman from the board of crown-jewel Tata Consultancy Services.

The board of Tata group's main holding company Tata Sons is scheduled to meet at its headquarters Bombay House in afternoon for a pre-scheduled meeting, sources said.

Even as ways and means of replacing Cyrus Mistry from the chairmanship of other Tata board companies have been a talking point for the past two weeks, parent company Tata Sons is learnt to have relied on the Memorandum of Association of Tata Consultancy Services (TCS) to get Ishaat Hussain as new chairman for the software firm. It is believed that Tata Power, too, will follow the same route to appoint a new chairman, replacing Mistry.

There is something about an election that excites and disturbs businesses. Businesses are jittery about formulating a forward looking plan and their clients are less than willing to loosen their purse strings. Restrained optimism is a camouflage for hidden pessimism. And when a candidate vows to roll back policies formulated by his opponents when in government, the fears of businesses get further amplified. Two of India’s top IT companies – TCS and Infosys - seem to have been caught in such electoral crosswinds blowing in the US.

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