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Tata Consultancy Services (TCS) chief executive K. Krithivasan and Tata Sons chairman Natarajan Chandrasekaran huddled with the company’s top 800 executives last week to sketch out a detailed plan for the company’s future, two executives privy to the Abu Dhabi gathering said. First, the headline goals. At the annual strategic retreat titled Blitz, CEO Krithivasan said he wants TCS to clock at least double-digit revenue growth in 2024-25. That would mean more than 10% growth, double the 5.2% dollar growth it is expected to report in 2023-24. Its slowest growth since it went public in 2004 was 5.3% in the year ended March 2010. Even as he urged each executive to think of one bold idea that could become a big business opportunity, Chandrasekaran s...

Mukesh Ambani-owned Reliance Industries (RIL) is in discussions to acquire a 29.8 per cent stake in Tata Play from the Walt Disney Company, according to sources close to the development. This move is seen as part of RIL’s broader strategy to deepen its footprint in India’s television distribution sector. Tata Sons, the holding company of the Tata group, currently holds a 50.2 per cent stake in the satellite television broadcaster. Besides Disney, the remaining shares are owned by Temasek, a Singapore-based fund. If the negotiations are successful, it would mark the first time the Tata group and the Ambanis have partnered in a joint venture. It would also extend the reach of JioCinema across the Tata Play platform. Disney had intended to divest its shares during Tata Pl...

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Breaking News: What the TCS bosses have in mind: A growth spurt in the year ahead

Breaking News: RIL in talks for stake in Tata Play, may buy Disney’s 29.8% share | Company News – Business Standard