Updated News Around the World
Indian Big Tech’s affair with consulting: Will TCS, Wipro and the likes strike gold this time?
Technology

Indian Big Tech’s affair with consulting: Will TCS, Wipro and the likes strike gold this time?

By Andrew McCollum

Synopsis

Indian IT firms have tried to get into consulting business earlier but they couldn’t make a mark. Now, firms like TCS, Wipro and Infosys are making acquisitions, and expanding investments among a number of other things to crack the consulting business code. But will just spending money solve the problem?

The year was 2005. Stock markets were continuing their bull run that started in 2003, the Indo-US nuclear deal discussions were on and FDI inflows were growing at a rapid pace. This was the same year when Tata Consultancy Services (TCS) became the first Indian IT firm to cross the USD10 billion mark in market cap. Like India, the Tata group’s IT giant was at a crossroads where there were many opportunities to get hold of. In an April 2005

BY

  • FONT SIZE

    AbcSmall

    AbcMedium

    AbcLarge

  • SAVE
  • PRINT
  • COMMENT

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

Why ?

  • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

  • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise

For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News. 

Read original article here

Denial of responsibility! NewsUpdate is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Andrew McCollum 109721 posts 0 comments