09:11 Best years for TCS lie ahead, says Chandrasekaran: N Chandrasekaran, the outgoing chief executive officer and managing director of Tata Consultancy Services and the designated chairman of Tata Sons says the best years of Indias largest technology services company lie ahead with the new team, despite its past success.
‘Despite the outstanding successes achieved thus far, I strongly believe that TCS’ best years lie ahead. I have every confidence that the new management team will take TCS to the next levels of our aspirations,’ Chandrasekaran, who as Tata Group chairman also would be the de facto chairman of TCS, wrote in an email to employees.
He introduced to employees his successor Rajesh Gopinathan, who will take over as the CEO and MD of the $16.5-billion (Rs 1.10 lakh crore) software exporter, and N Ganapathy Subramaniam, who will take over as the chief operating officer.
‘As you know, Rajesh is a 16-year veteran of TCS and has been a long-standing member of my management team, worked very closely with me in formulating and executing the company strategy, starting from the e-business practice, moving up to head, business finance and then over the last four years as the chief financial officer of TCS,’ he wrote.
On Subramaniam, who happens to be his elder brother, Chandrasekaran said, he is a 35-year veteran of TCS, who has handled responsibilities across the TCS business. Shivani Shinde Nadhe/Business Standard
09:01 DJ Guetta’s Mumbai concert rescheduled to Jan 15: Grammy award-winning French DJ David Guetta’s concert in Mumbai has been rescheduled to January 15 with the organisers saying that they have received the nod from the authorities.
The Mumbai concert was first supposed to take place at Mahalaxmi Racecourse but the Brihanmumbai Municipal Corporation denied permission. It was then shifted to Reliance Jio Garden in Bandra Kurla Complex but there too it was rejected.
“We regret the cancellation of the Sunburn Arena with David Guetta this evening. We are happy to add that we have succeeded in rescheduling the event for Sunday, January 15 from 11 am to 4 pm at the same venue — Jio Gardens, BKC,” Harindra Singh, managing director and chairman, Percept Limited said.
“We are complying with all the regulatory requirements as prescribed by the authorities. The current tickets will be valid for the rescheduled show on Sunday,” he said.
About 4,000 people were expected to attend the event.
00:21 Pak made ‘counterproductive’ moves risking nuke war: Biden: United States Vice President Joe Biden has singled out Pakistan along with Russia and North Korea and others for making ‘counterproductive’ moves that only heightened the risk that nuclear weapons could be used in a regional conflict.
“Not just North Korea, but Russia, Pakistan, and others have made counterproductive moves that only increase the risk that nuclear weapons could be used in a regional conflict in Europe, South Asia, or East Asia,” Biden said in his remarks on nuclear security.
Working with the Congress, the next administration will have to navigate these dangers and continue leading the global consensus to reduce the role of nuclear weapons in our world, Biden said a week before the end of eight years of the Obama administration.
“We know that terrorists have both the capacity and the goal of transforming nuclear materials into weapons to sow havoc. And we know that no nation acting alone can defeat this threat,” he said.
Biden said as North Koreas nuclear and ballistic missile capabilities continue to expand, it poses a growing threat to international security and our own national defense.
“Just last year, in response to two illegal nuclear tests by North Korea, the United Nations Security Council — including China and Russia — unanimously adopted two resolutions imposing the most far-reaching and comprehensive sanctions on North Korea to date,” he said and called for enforcing these sanctions to ensure North Korea understands that we will continue to impose costs for their illegal behaviour.
Source: Rediff