Aug 26, 2004
TCS debut ...Bangalore vs Chennai...Domestic IT market
The country's biggest and (until now) least hyped IT firm Tata Consultancy Services (TCS) finally debuted in the BSE yesterday and looks like it'll have a foriegn listing in about a year. Nasdaq or NYSE?
Already with Rs. 500,000,000,000 (US $ 11 b) it is the biggest Indian IT firm by market cap and third biggest in the BSE after ONGC and Reliance.
The stock rose around 16% on the first day of trading and resulted in quite a few of the other IT firms (Infosys, Wipro, Satyam) whose shares fell due to the TCS effect. Ratan Tata also shared that TCS could look at consolidating with the other Tata group technology companies (Tata Elxsi, Tata Interactive Systems, CMC, VSNL (?))
In other news Gartner tells the IT big boys to concentrate on the increasingly lucrative domestic Indian market. That is where the Tatas have an edge after having taken over CMC.
And while Bangalore and Hyderabad were fighting over IT firms to set up shop there, looks like Chennai has silently set up huge infrastructure and is making this a three way race.
HR Issues Social Media Organization Development consulting career management business blogging recruiting strategy talent learning innovation leadership management Organizations 2.0 HR2.0 Knowledge Management Social Business networking training talent work skills employment branding Enterprise social software Human resources Social Networking india marketing Enterprise 2.0 business books Employment news Twitter future Business Online Communities communication Social network jobs Facebook personal branding HR professionals network Strategic management Interview Job Search LinkedIn Talent management Community Community Management Recruitment personal the imagence partners Competencies Employee engagement Social Enterprise collaboration Education and Training entrepreneurship salaries Social web Virtual community youth Employee Relations socialmedia lifestreaming coaching Human resource management Knowledge base Sexual harassment Trial and error satyam