TCS will not retrench, will also increase salaries

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Talk about the market

- TCS will not lay off, will increase salaries

While major companies in the IT and technology sector are laying off, Tata Consultancy Services (TCS) has announced that it will not lay off itself. Rather, the salary of the employees will be increased this year as well. The company's Chief Human Resources Officer Milind Lakkad said that the salary increase will be the same as last year.

At present, TCS has around 6 lakh employees. The news that the company has no intention of retrenchment is a relief for six lakh families. The company has also asked employees who lost their jobs in other startups to contact them. In the last one year, the company has hired around 2 lakh employees and out of them 1.19 lakh are trainees.

- Nayantara will quit acting and do business

Nayantara, the highest paid actress in the South film industry, is thinking of saying goodbye to acting and becoming a businesswoman. Nayantara's Jaawan with Shah Rukh Khan is slated to release shortly. Jawaan will be Nayantara's first film in Hindi but it is likely to be the last film in her acting career. Nayanthara has become a mother to twin sons through a surrogate mother after marrying Vignesh Sivan in Mahabalipuram in June last year. His sons' names are Uir and Ulgam. Nayantara will focus on her production house Rowdy pictures so that she can focus on raising her children. Nayantara is likely to start a new innings of life by creating entertainment content in languages ​​including Hindi.

- Crypto King's Rs 2,000 crore bailout

The family of Sam Bankman Fried, co-founder of Bitcoin exchange FTX, has to deposit $250 million (about Rs 2,000 crore) on bail. Federal Court Judge Gabriel Gorenstein in Manhattan has placed even more strict restrictions on Sam Frieden, the crypto king. According to these restrictions, Fried will be under house arrest and will not be able to go out except to exercise, Fried will not be able to make financial transactions in excess of a thousand dollars and will not be able to take any loans or credit cards.

Since the collapse of FTX, Fried has been accused of defrauding people. Fried going to the Bahamas but the US. Following the court order, he has been brought to America.

- Consideration to extend stock markets till 5 pm

The discussion of extending the trading time by one and a half hours in the Indian stock markets has started again. Currently, the stock market opens at 9.15 am and deals can be done till 3.30 pm. Now the two top stock markets of the country, BSE and NSE, have submitted a proposal to SEBI to extend the trading hours from 3.30 pm to 5 pm. SEBI had suggested this in 2018, but at that time the decision was not taken due to lack of necessary infrastructure. Now the stock markets are ready from the front so it looks like SEBI will take a decision soon. Stock market experts are considering this proposal as beneficial for the stock market. According to him, the extension of trading hours will reduce the risk arising from global market uncertainties.

- Two young men built a company worth 33 thousand crores in 12 years

A startup called BrowserStack is the buzz on social media right now. Cloud web and mobile testing platform BrowserStack's valuation has crossed Rs 30,000 crore and its success is being lauded. BrowserStack is a company created by Nakul Aggarwal and Ritesh Arora. 5 years after graduating from IIT Bombay in Computer Science in 2006, the two founded the company in Mumbai in 2011. In just 12 years, the valuation of the company has increased to 33 thousand crore rupees. Both Ritesh Arora and Nakul Aggarwal have assets worth twelve thousand crore rupees each. The company became profitable in just 6 months after its launch and currently Browser Stack services are being used in 135 countries. Its clients include Walt Disney, Tesco, Microsoft, Facebook, Twitter, Airbnb and Weight etc.

- New trend after successful trial of Four Day Week

After the successful trial of four-day week in Britain, many companies of the world are starting to think in that direction. A total of 61 companies from different sectors joined the trial to develop a work culture of only four days of work and three days off in a week. The pilot project in Britain started in June last year. The pilot program was launched by non-profit group 'Four Day Week Global', 'Four Day Week UK Campaign' and Autonomy. About 3,000 employees were asked to complete office work in just 4 days, which was done in 5 days.

56 out of 61 companies will adopt 4 days work and 3 days leave as most of the employees complete the task very satisfactorily.


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