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TCS Q2 FY24 - Updates Onboarding and Hiring

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In TCS there will be some onboarding delays due to the unstability of the business clients all the offers will be honored definitely. The hiring is lesser than attrition rate and the trainees will be hired constantly like every year but the numbers may change due to business requirements. Investing on upskilling the employees given a huge benefit. In this quarter the BFSI has slightly reduced but compared to last year it has a growth. TCS also acknowledged delays in onboarding lateral hires, an issue persisting for several months. Last quarter, TCS implemented salary raises, with top performers receiving hikes between 12-15 percent, and promotions were also granted. TCS has revealed a net decrease of 6,333 employees in its Q2 FY24 results. Milind Lakkad, the Chief Human Resources Officer, attributed this decline to the company's strategy of actively recruiting and training new talent with the right skills. He mentioned, “Our strategy of proactively hiring bright freshers and invest...

TCS highest Mcap 2023

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     In the shortened trading week due to a holiday, the combined market capitalization of five out of the top-10 most valued companies surged by Rs 86,234.73 crore. Among them, Tata Consultancy Services (TCS) saw the most significant gains. TCS, HDFC Bank, Infosys, Hindustan Unilever, and Bajaj Finance saw an increase in their valuations, while Reliance Industries, ICICI Bank, ITC, State Bank of India, and Bharti Airtel experienced declines.      TCS witnessed the highest surge, with its market valuation rising by Rs 32,730.22 crore to reach Rs 13,24,649.78 crore. Bajaj Finance saw an addition of Rs 21,697.96 crore, bringing its valuation to Rs 4,94,884.37 crore. Infosys' valuation rose by Rs 18,057.94 crore to Rs 6,13,655.04 crore, and Hindustan Unilever's market capitalization climbed by Rs 7,730.16 crore to reach Rs 5,87,104.12 crore. HDFC Bank also experienced a gain, with its market capitalization increasing by Rs 6,018.45 crore to Rs 11,63,164.31 cro...

TCS new multi-year partnership

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     Tata Consultancy Services (TCS) has forged a multi-year alliance with the British retail powerhouse, Asda, in order to facilitate its digital transformation and IT framework after its separation from Walmart. At 12:52 pm, TCS shares were trading at Rs 3,489 each on the BSE, marking a 0.7 percent decline from its previous closing value. This collaboration will harness TCS' expertise in cloud, AI, and security solutions to support Asda's seamless and secure transition, elevate the customer experience, and foster innovation for an expanded market share and competitive pricing strategy.       TCS is set to establish a fresh digital core for Asda by integrating cloud-based ERP platforms, elevating processes in supply chain, HR, warehousing, and e-commerce. Additionally, they will implement automated IT operations through the Machine First Delivery Model, ultimately enhancing experiences for both employees and customers. Carl Dawson, Chief Digital and T...

TCS Onboarding Issue

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  Onboarding delay TCS has surprised many employees by pushing back the onboarding dates for some lateral hires from July to October. At the TCS office in ITPB, Bengaluru, scenes of chaos unfolded as employees arrived to complete their onboarding formalities on Wednesday. Frustrated employees were observed engaging in discussions with TCS officials, seeking clarity on the reasons behind the delay. These individuals, some with up to a decade of work experience, find themselves in a difficult situation, especially after resigning from their previous jobs in May with the expectation of an immediate transition to TCS. Last year the onboarding was done quickly by joining letter were given immediately after the month of 8th semester exams. According to an email sent to an employee from the talent acquisition team, TCS stated, “As per corporate instruction, all onboarding across TCS has been halted. We received the communication today morning. This is a corporate decision so we will not b...

TCS Update !!!

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  TCS Update 2023     Various teams within Tata Consultancy Services have reportedly received informal instructions to resume in-office work for a full five-day workweek starting from October 1st. While this hasn't been officially mandated company-wide as of now, sources suggest that TCS has been encouraging individual employees to return to the office.      In response to queries, a spokesperson for the company stated, "As we are in the silent period at the moment, we will not be able to comment on your query." According to insiders that ET conversed with, specific segments of the workforce have received notifications indicating the shift away from hybrid work arrangements. Currently, across the entire organization, there is a directive for employees to be present in the office for three days each week.      Having NVIDIA on board with the Tata Group, which has a significant presence across various sectors, opens up numerous opportuniti...

Prompt Engineering

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    Prompt Engineering Introduction      In the ever-evolving field of artificial intelligence (AI), prompt engineering has emerged as a powerful technique that enables us to shape and control the behavior of AI models. By carefully designing and crafting prompts, prompt engineering allows us to fine-tune and tailor AI outputs to meet specific objectives and requirements. This blog explores the main elements of prompt engineering, the technology used, the future scope of this technique, salary prospects, and the tools available to assist in prompt engineering. Main Technology Used      Prompt engineering heavily relies on natural language processing (NLP) technologies, particularly in the context of generating text. Language models such as OpenAI's GPT-3 and GPT-4, as well as models from other providers, form the foundation for prompt engineering. These powerful models, trained on vast amounts of data, are capable of understanding and generating h...

Quantum Computing

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Introduction In this digital age, where technology is constantly evolving, quantum computing has emerged as a promising field in the world of computing and is set to revolutionize the way we solve complex problems. Quantum computing has the potential to solve problems that are currently intractable for classical computers, and its impact on various aspects of society, including technology, jobs, salary, and scope, cannot be understated. Technology Quantum computing utilizes the principles of quantum mechanics to perform computations that surpass the capabilities of classical computers. While classical computers use bits to represent information as either a 0 or a 1, quantum computers use qubits, which can represent multiple states simultaneously due to the concept of superposition. This inherent parallelism in quantum computing allows for the potential to solve complex problems at a much faster rate than classical computers. The technology behind quantum computing is still in its infan...