K Krithivasan, 59, will have a five-year term as the chief executive of Tata Consultancy Services Ltd when he starts in September, outgoing CEO Rajesh Gopinathan said, dispelling investors' concerns about a potential short tenure for his successor as the head of India's largest software services company.
"In TCS, the retirement age for executive directors is 65 years. So he (Krithivasan) will easily have six years. And appointments are always for five-year terms," Gopinathan told reporters on Friday. "See, when I took over, your question was if I was way too young. Now, when Krithi is taking over, your question is if he is too old. Those kinds of questions will keep coming up, but our board and NRC (nomination and remuneration committee) looked at a complete set of candidates and in the current situation, (depending on) what is required and what is the best fit, the unanimous choice was that Krithi is the best person for the job."
Esta historia es de la edición March 18, 2023 de Mint Mumbai.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición March 18, 2023 de Mint Mumbai.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Meta: An Antitrust Case That Sent A Privacy Alert
WhatsApp's owner was fined for abusing its market heft, but what it did also sparked an online stir over privacy-the protection of which under India's new law is keenly awaited
RBI cautions about Das deepfake video
The Reserve Bank of India (RBI) on Tuesday cautioned public against \"deepfake\" videos of the governor being circulated on social media that claim the launch of or support to some investment schemes by the central bank.
Blue Tokai eyes high growth before IPO
Coffee chain Blue Tokai is aiming for a nearly threefold jump in annual revenue by 2027 before it decides whether to go public, its top boss told Reuters on Monday.
Amazon expands exporter scheme
E-commerce major Amazon on Tuesday said it has expanded its cross-border logistics programme Global Selling Seller Exports and Delivery (SEND), which will help Indian exporters ship goods abroad.
NTPC Green IPO subscribed 33%
The initial public offer (IPO) of NTPC Green Energy Ltd, the renewable energy arm of state-run NTPC Ltd, was subscribed 33% on the first day of the share sale on Tuesday.
Google's Anthropic deal cleared in UK
Google's partnership with AI firm Anthropic has avoided further scrutiny after the UK antitrust watchdog concluded it doesn't qualify for a full-blown investigation under merger rules.
'Big Billion Days' boost for Walmart
U.S.-based retail giant Walmart on Tuesday said its international sales in the third quarter got a boost from the 'Big Billion Days' sales event by its Indian e-commerce arm Flipkart.
NCR records threefold jump in patients with breathing issues
Doctors and hospitals in the Delhi-National Capital Region (NCR) said they are seeing a threefold jump in patients reporting respiratory ailments triggered by alarming air pollution levels.
Paytm enables UPI payments abroad
Paytm owner One97 Communications on Tuesday said Paytm users will be able to make UPI payments at select international locations, including popular spots in the UAE, Singapore, France, Mauritius, Bhutan and Nepal.
Core biz to grow at 30% a year: Zomato
Food delivery major Zomato expects its key meal delivery business to grow at an annual rate of 30% over the next five years, a top executive said, hailing the listing of SoftBank-backed peer Swiggy as a boost for the sector.
