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Tata Elxsi : Financial Reporting Document -October 20, 2023 at 05:47 am EDT

Krithivasan takes charge as TCS CEO

Krithivasan, who has been at TCS for over 34 years now, will be the oldest CEO appointment so far. His predecessor, Gopinathan, was the youngest appointee, taking up the role in 2017, aged 46.

Indian IT firms cut staff bonuses as US, EU clients tighten budgets

India’s top IT services firms are freezing or cutting staff bonuses, worried that tightening budgets at US and European clients who are bracing for a recession will sharply hit their own profits after a pandemic-led boom.

Indian IT firms cut staff bonuses as US, European clients tighten budgets amid recession

Infosys and Wipro recently told their employees they had reduced their variable pay

IT Firms Infosys And Wipro Cut Variable Pay As Budgets Tighten

The top IT services firms are freezing or cutting staff bonuses, worried that tightening budgets at US.and European clients who are bracing for a recession will sharply hit their own profits after a pandemic-led boom.

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