TCS salary hike: India’s largest IT company, Tata Consultancy Services (TCS), has said that their ‘priority’ focus is delivering wage hikes for its over 6 lakh workforce. “My priority is getting back to the wage hike,” said Chief Financial Officer (CFO) Samir Seksaria without specifying a deadline for the salary hike for its employees. Speaking … Read more
Mumbai: Five months after Dabur India Ltd chairman Mohit Burman took control of Religare Enterprises Ltd, a proxy advisory firm has sought an update on the issue of recovering shares of a subsidiary worth ₹480 Crore from Former Religare Chair Rashmi Saluja. On Sunday, InGovern Research Services issued a note asking that Religare and its … Read more
So, why is a company looking to sell satellite data to clients setting up an assembly line? Sharma says the decision was driven by the increasing interest over approximately the past six months from governments around the world to source their own space defence and surveillance infrastructure. Once a practically non-existent sector, space-based defence services, … Read more
Robbins, who was raised in Georgia, shared the example of Jeetu Patel, the company’s president and chief product officer, who grew up in India, and said their different life experiences mean they think differently, and diversity of thought often leads to great ideas, which is just the “power of diversity”. For Chuck, it’s not about … Read more
In a development that has again raised red flags over United States President Donald Trump’s conflict of interest in the cryptocurrency space, Bloomberg reported that Binance aided in the creation and promotion of the USD1 token for World Liberty Financial, before its founder sought pardon. According to sources cited by Bloomberg, the world’s largest crypto … Read more
(Bloomberg) — Amazon.com Inc. mounted a “lengthy and pervasive anti-union campaign” at a warehouse in western Canada and hired an excessive number of workers to dilute support for a union, according to a Canadian labor board. The British Columbia Labour Relations Board found that Amazon Canada Fulfillment Services ULC violated provincial labor laws by interfering … Read more
Chennai, Jul 12 (PTI) Public sector Indian Overseas Bank must have a Vision for 2047 aligning with India’s growth aspirations, M Nagaraju, Secretary, Department of Financial Services, Union Ministry of Finance, said. He urged the city-headquartered bank to continue serving the evolving needs of its customers with ‘innovation and integrity.’ Launching some of the key … Read more
(Bloomberg) — Credit rating downgrades are becoming more frequent, the latest sign that companies are starting to perform worse and raising fresh questions about whether corporate debt valuations should be as high as they are. In the second quarter, around $94 billion of high-grade US debt was downgraded, compared with just $78 billion of upgrades, … Read more
(Bloomberg) — An Italian court accepted some of UniCredit SpA’s requests to annul conditions imposed on its bid for Banco BPM SpA, handing a partial victory to Chief Executive Officer Andrea Orcel in his plan to create the country’s largest lender. The Administrative Court of Lazio lifted two conditions imposed by Prime Minister Giorgia Meloni’s … Read more
Mumbai, Jul 12 (PTI) Over 20,000 bars and permit rooms across Maharashtra will shut operations on July 14 to protest against the state government’s “draconian taxation”, said the Indian Hotel and Restaurant Association (AHAR) on Saturday. The bandh is to oppose the state government’s tax hikes, including rise in VAT (value added tax) on liquor … Read more
