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AI is reshaping work, but it won't slow down hiring: TCS

Financial Express Kochi

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July 14, 2025

As artificial intelligence transforms the way businesses operate, TCS is navigating this shift by modernizing legacy systems, scaling up internal capabilities, and preparing its workforce for the future.

Even as automation gains ground, the company remains confident in its hiring momentum. Attrition, wage expectations, and evolving talent needs remain in focus, with an emphasis on internal growth, clear communication, and operational efficiency.

Milind Lakkad, chief human resources officer, in an interview with Urvi Malvania, explains how the company is managing change while maintaining continuity. Excerpts: You added just over 5,000 employees in Q1. While you have said hiring shouldn't be tied too closely to quarterly business performance, you also noted that the Q1 outcome was shaped by how the business evolved. How do you balance the two?

There are two parts to this. We began the year with certain assumptions about where we would be in Q1, but as the business environment evolved, we had to adjust accordingly. That's why we are at this number. Some of the hiring is not just for today but also for the future. The talent we bring in needs to be contextualized for our customers, and that takes time. So this is also about getting ready for what lies ahead. You might see headcount fluctuate from one quarter to another, but don't look at it in isolation. The full year offers a better view.

What are you doing to contain attrition, which is currently above your comfort level? Is there a concern that it could rise if wage hikes are delayed? What internal levers influence your decision on when to implement salary increases?

FLERE HISTORIER FRA Financial Express Kochi

Financial Express Kochi

Delhi most polluted,60% districts in India breach annual PM2.5 limits

DELHI RANKED AS the most polluted among 33 states and Union territories with an annual mean PM2.5 concentration of 101 micrograms per cubic metre, 2.5 times the Indian standard and 20 times the WHO guideline, according to a new satellite-based analysis.

time to read

1 min

November 26, 2025

Financial Express Kochi

'With Sierra, we're targeting SUV market share of 20-25%'

Tata Motors relaunched the Sierra on Tuesday. Shailesh Chandra, MD and CEO, Tata Motors Passenger Vehicles, tells Akbar Merchant the SUV should appeal to younger buyers looking for something different in terms of styling, a premium feel and who want their SUVs to reflect their personality. Excerpts:

time to read

1 mins

November 26, 2025

Financial Express Kochi

Labour codes to push social security cover to 85% in 3 yrs: SBI Research

THE IMPLEMENTATION OF the four new labour codes will boost social security coverage to 85% in next 2-3 years and would generate additional employment for 7.7 million people, a report by the State Bank of India Research said on Tuesday. It, however, cautioned about the possibility of short-run frictions followed by medium-run gains as compliance costs fall and formal hiring expands.

time to read

1 mins

November 26, 2025

Financial Express Kochi

Centre considering import tariff on some steel goods

THE GOVERNMENT IS considering extending an import tariff, locally known as a safeguard duty, on some steel products to counter cheaper imports primarily from China, according to a source with direct knowledge of the matter.

time to read

1 min

November 26, 2025

Financial Express Kochi

The quest for cultural relevance

LIVE EVENTS CAN PROVIDE A SPIKE IN SALES AND VISIBILITY BUT ARE YET TO EMERGE AS A MAJOR REVENUE STREAM

time to read

3 mins

November 26, 2025

Financial Express Kochi

PSB chiefs told to expedite pending IBC cases at NCLT

TOADDRESS DELAYS in pending Insolvency and Bankruptcy Code (IBC) cases at the National Company Law Tribunal (NCLT), financial services secretary M Nagaraju on Tuesday asked public sector banks (PSBs) chiefs to strictly adhere to timelines for admitting corporate insolvency resolution process (CIRP) applications and completing resolutions, the finance ministry said.

time to read

1 min

November 26, 2025

Financial Express Kochi

Mini-grid firm Husk to raise $400 mn

HUSK POWER SYSTEMS, the world's biggest solar mini-grid operator, has begun an industry-record capital raise of $400 million as it seeks to grow revenue tenfold by 2030 and prepare for an initial public offering.

time to read

1 mins

November 26, 2025

Financial Express Kochi

Ayni exit may limit regional outreach

As geopolitical competition intensifies in Central Asia, India will have to prioritise transparent and reliable connectivity strategies

time to read

3 mins

November 26, 2025

Financial Express Kochi

NPCI arm to roll out value-added financial services on BHIM app

NPCI BHIM SERVICES (NBSL), a wholly owned subsidiary of the National Payments Corporation of India (NPCI), will soon roll out value-added financial services on the Bharat Interface for Money (BHIM) app platform, beginning with credit cards.

time to read

1 mins

November 26, 2025

Financial Express Kochi

India's climate action must fuel growth, says CEA

INDIA'S ENERGY TRANSITION and climate action must be firmly aligned with national development priorities and cannot come at the cost of economic momentum, Chief Economic Advisor V Anantha Nageswaran on Tuesday said, adding that the economy set to cross the $4-trillion mark in the current fiscal.

time to read

1 min

November 26, 2025

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