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.