A rational look at global macro economics situations (such as the US economy, banking sector, oil prices, inflation and stock markets) would tell us that the seat belt sign is still on but that does not mean it?s a ?Mayday? signal, said S Mahalingam, executive director and chief financial officer, Tata Consultancy Services.
Stock markets across the globe reflect the sentiments in their respective valuations. However, Asian valuations are relatively better and the Indian corporate sector still has a lot to cheer about, he said.
Delivering the inaugural address at the two-day ?The Indian Finance Forum? seminar in Chennai organised by the Confederation of Indian Industry on Friday, Mahalingam said, ?Partnering with venture capital companies and private equity firms, establishing business alliances and making use of wisdom of external board are the growth enablers for Indian companies aspiring to grow global.? Talking of TCS?s inorganic growth, he said that the company managed four mergers, six acquisitions spanning four continents and employing 11,000 people.
He, however, warned that growth in the current fiscal may not be that of last fiscal. He said, ?We expect the growth to pick up from the second quarter of this fiscal. There are plenty of opportunities to grow,? he averred.