India's TCS says retail, travel clients more exposed to US tariff turmoil


FILE PHOTO: Tata Consultancy Services (TCS) Chief Executive Officer K. Krithivasan speaks during a press conference announcing the company's quarterly results in Mumbai, India, January 11, 2024. REUTERS/Francis Mascarenhas/File Photo

BENGALURU (Reuters) - Clients of India's Tata Consultancy Services in the retail, travel and automobile sectors are more exposed to fallout from U.S. tariffs and they may resort to cost-cutting if uncertainty persists, the company's CEO told Reuters.

The banking and financial services sector - which makes up nearly a third of revenue for India's biggest software exporter - remains unaffected, TCS top boss K Krithivasan said in an interview.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Sequoia to join GIC, Coatue in Anthropic investment, FT reports
South Korea to negotiate with the US for favourable chip tariff terms, official says
'Take a break': YouTube targets the endless scrolling of teens
Elon Musk's X limits Grok's sexually explicit AI image generation
Buy Steve Jobs' bow ties, desk and more Apple history at this auction
Amazon testing drone flights in UK ahead of 2026 air delivery launch
Musk seeks up to $134 billion from OpenAI and Microsoft
EU to bar Chinese suppliers from critical infrastructure, FT reports
South Korea says US chip tariff to have limited immediate impact
Gmail users must make major decision regarding new AI features in their email

Others Also Read