TCS CEO Rajesh Gopinathan quits; K Krithivasan named CEO Designate
New Delhi, Mar 16: IT major TCS CEO Rajesh Gopinathan has reigned, and the company nominated its global head of the BFSI division K Krithivasan as the CEO Designate with immediate effect, the firm said on Thursday.
Gopinathan will continue with the company till September 15, 2023, to provide transition and support to his successor.
"After a stellar career of over 22 years with Tata Consultancy Services (TCS) and a successful stint as Managing Director and CEO during the last 6 years, Rajesh Gopinathan has decided to step down from the company to pursue his other interests," the company said in a statement.
TCS has nominated its current President and Global Head of the Banking, Financial Services, and Insurance (BFSI) Business Group K Krithivasan as CEO Designate with immediate effect.
"The Board has nominated K Krithivasan as the CEO Designate, with effect from 16th March 2023. Krithivasan will go through a transition with Rajesh Gopinathan and will be appointed as the Managing Director & CEO in the next financial year," the statement said.
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India edges past Japan, ranks third on Asia Power Index of Australian think tank
New Delhi, Sep 25: India ranks third in the annual Asia Power Index, released by an Australian think-tank, surpassing Japan on the back of strong post-COVID 19 economic growth, while China's power appeared to plateau just below the United States.
The Sydney-based Lowy Institute has put the US at the top of its Asia Power Index with a score of 81.7, followed by China with a score of 72.7, India (39.1), Japan (38.9), Australia (31.9) and Russia (31.1).
The Index ranks 27 countries and territories in terms of their capacity to shape their external environment -- its scope reaching as far west as Pakistan, as far north as Russia and as far into the Pacific as Australia, New Zealand and the US.
The index has cited economic growth, future potential and diplomatic influence as key factors for India's rise. However, it has pointed out that New Delhi's clout remains below the potential promised by its resources.
"India has shown remarkable post-pandemic economic recovery, contributing to a 4.2-point rise in its economic capability. India's massive population and strong GDP growth reinforce its standing as the world's third-largest economy in PPP terms," the think tank has said.
It has noted that Prime Minister Narendra Modi's leadership has garnered greater international recognition.
The think tank has said India's non-aligned strategic posture has allowed it to navigate complex international waters effectively.
It has said India's participation in dialogues as well as its leadership in the Quad has allowed New Delhi to play a significant role in regional security dynamics, albeit outside of formal military alliances.
