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                <title>Tata Consultancy Services (TCS) - Loktej English</title>
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                <description>Tata Consultancy Services (TCS) RSS Feed</description>
                
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                <title>TCS sacks 16 employees, bars 6 vendors involved in bribes-for-jobs scam</title>
                                    <description><![CDATA[<p>Bengaluru, Oct 15 (IANS) Tata Consultancy Services (TCS) on Sunday revealed it had sacked 16 employees and blacklisted six staffing firms, after its investigation into the bribes-for-jobs scandal.</p>
<p>In an exchange filing, the company said that its "investigation found 19 employees to be involved, and action has been taken against all as detailed here - 16 employees have been separated from the company for code of conduct violations, and three employees have been removed from the resource management function".</p>
<p>The IT major also debarred six vendor entities, their owners and affiliates "from doing any business with TCS".</p>
<p>Further, TCS said</p>...]]></description>
                
                                    <content:encoded><![CDATA[<a href="https://english.loktej.com/article/6494/tcs-sacks-16-employees-bars-6-vendors-involved-in-bribes-for-jobs"><img src="https://english.loktej.com/media/400/2023-11/tata-group-logo.jpg" alt=""></a><br /><p>Bengaluru, Oct 15 (IANS) Tata Consultancy Services (TCS) on Sunday revealed it had sacked 16 employees and blacklisted six staffing firms, after its investigation into the bribes-for-jobs scandal.</p>
<p>In an exchange filing, the company said that its "investigation found 19 employees to be involved, and action has been taken against all as detailed here - 16 employees have been separated from the company for code of conduct violations, and three employees have been removed from the resource management function".</p>
<p>The IT major also debarred six vendor entities, their owners and affiliates "from doing any business with TCS".</p>
<p>Further, TCS said it would continue to enhance its governance measures, including a) regular rotation of personnel performing key roles in the resource management function, b) enhanced analytics on supplier management, c) periodic declarations by vendors on compliance with the Tata Code of Conduct and know your supplier process to cover additional declarations, and d) Vendor management process audits.</p>
<p>In a post-earnings interaction with reporters last week, TCS Chief Executive K. Krithivasan said: "We have completed our investigation. We have taken appropriate action against whosoever had violated the code of conduct. All actions have been taken, and it is closed."</p>
<p>In June, reports surfaced that TCS had discovered within its ranks a multi- crore recruitment scam that compromised the hiring process at the Tata Group firm.</p>
<p>Some employees of TCS accepted bribes from staffing companies and hired personnel -- bribes for jobs.</p>
<p>According to reports, the scam went on for some time and the amount involved was as high as about Rs 100 crore. This led to the company sacking four officials from its resource management group (RMG) and banning three staffing firms.</p>
<p>In the wake of the TCS job scandal, the Indian Staffing Federation (ISF) in a statement had said it has a robust due diligence process that precedes the acceptance of any staffing company as our member.</p>
<p>"We urge all stakeholders, including corporates and the government, to consider engaging staffing companies that prioritise ethical employment practices and regulatory compliance," the ISF said.</p>]]></content:encoded>
                
                                                            <category>Business</category>
                                    

                <link>https://english.loktej.com/article/6494/tcs-sacks-16-employees-bars-6-vendors-involved-in-bribes-for-jobs</link>
                <guid>https://english.loktej.com/article/6494/tcs-sacks-16-employees-bars-6-vendors-involved-in-bribes-for-jobs</guid>
                <pubDate>Mon, 16 Oct 2023 12:18:49 +0530</pubDate>
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                                    <dc:creator><![CDATA[Loktej English Team]]></dc:creator>
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                <title>TCS announces new CEO designate following Rajesh Gopinathan's resignation</title>
                                    <description><![CDATA[<p>Rajesh Gopinathan, Chief Executive Officer and Managing Director of Tata Consultancy Services (TCS), has resigned from his position, effective September 15, 2023, to pursue other interests, according to a stock exchange filing by TCS on Wednesday.</p>
<p>The TCS Board of Directors, during a meeting held on March 16, appointed K. Krithivasan as the Chief Executive Officer Designate, effective March 16, 2023. Krithivasan will take over as the CEO and Managing Director of the company in the next financial year, subject to shareholder's approval, with the effective date of which to be announced later.</p>
<p>Krithivasan is currently the President and Global</p>...]]></description>
                
                                    <content:encoded><![CDATA[<a href="https://english.loktej.com/article/748/tcs-announces-new-ceo-designate-following-rajesh-gopinathan-s-resignation"><img src="https://english.loktej.com/media/400/2023-03/news-photo-(3)9.jpg" alt=""></a><br /><p>Rajesh Gopinathan, Chief Executive Officer and Managing Director of Tata Consultancy Services (TCS), has resigned from his position, effective September 15, 2023, to pursue other interests, according to a stock exchange filing by TCS on Wednesday.</p>
<p>The TCS Board of Directors, during a meeting held on March 16, appointed K. Krithivasan as the Chief Executive Officer Designate, effective March 16, 2023. Krithivasan will take over as the CEO and Managing Director of the company in the next financial year, subject to shareholder's approval, with the effective date of which to be announced later.</p>
<p>Krithivasan is currently the President and Global Head of the Banking, Financial Services, and Insurance (BFSI) Business Group at TCS. He has been part of the global technology sector for more than 34 years, joining TCS in 1989. He has held various leadership roles in delivery, customer relationship management, large program management, and sales during his tenure at TCS.</p>
<p>Krithivasan is also a member of the Board of Directors of TCS Iberoamerica, TCS Ireland, and the supervisory board of TCS Technology Solutions AG. He holds a Bachelor's Degree in Mechanical Engineering from the University of Madras and a Master's Degree in Industrial and Management Engineering from IIT Kanpur.</p>]]></content:encoded>
                
                                                            <category>Business</category>
                                    

                <link>https://english.loktej.com/article/748/tcs-announces-new-ceo-designate-following-rajesh-gopinathan-s-resignation</link>
                <guid>https://english.loktej.com/article/748/tcs-announces-new-ceo-designate-following-rajesh-gopinathan-s-resignation</guid>
                <pubDate>Thu, 16 Mar 2023 20:46:53 +0530</pubDate>
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                                    <dc:creator><![CDATA[Loktej English Team]]></dc:creator>
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