The executives said Walmart wants to have an Indian partner who is “respected” and “has a voice in policymaking”.
Lakshminarayanan is considered one of Tata Sons chairman N Chandrasekaran’s top lieutenants in TCS, he is currently president & CEO of TCS Japan.
The Move is part of strategy to cut costs, boost efficiency by integrating operations that have synergies.
Founders Natarajan, Parthasarathy and Ravanan have promised to stay on and help with the transition.
Surcharge may widen max-minimum pay gap as cos loosen purse strings to retain talent.
A senior official at the department of telecommunications said the Tatas must exit Tata Communications, especially after the consumer mobility business of Tata Teleservices (TTSL) was sold to Bharti Airtel.
Tata Communications may be merged with TCS and the rest of the business may be sold as separate business ventures.
Tata Group will focus on assets it can use to scale up & tap the gap created by the exit of Jet.
TGBL declined to comment on the CEO hiring. “We will make the necessary announcements at the appropriate time,” a spokesperson said.
Concerns over damaged reputations and legal liability behind such departures.
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