Business

TCS fires 16 employees, debars six vendors from doing any business
17 Oct

TCS fires 16 employees, debars six vendors from doing any business

Priyanka Bhowmick0 CommentsBusiness, India,
India's largest IT services firm TCS on Sunday said it has sacked 16 employees and banned six vendors in connection with a "recruitment scam"."Our investigation involved 19 employees… 16 employees have been separated from the company for code of conduct violations, and three employees have been removed from the resource management function," the company said in a statement in the evening. It also added that the six vendors, their owners and associates have been "banned" from doing any business with TCS.In late June, reports surfaced of a "recruitment scandal" at the largest software exporter, where vendors tasked with some of…
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Fired Starbucks employee leaks every drink recipe online
16 Oct

Fired Starbucks employee leaks every drink recipe online

Priyanka Bhowmick0 CommentsBusiness, India,
An ex-employee of the globally famous coffee chain Starbucks has created quite a stir on social media. Why, you ask? Well, the former employee went to X to leak details about the company's extensive menu, causing the post to go viral. He shares detailed recipes for various coffee concoctions that Starbucks is known for. This incident is not an isolated one, as several other employees who were fired from Starbucks also shared the company's menu on TikTok. These revelations have provided coffee enthusiasts worldwide with a deeper understanding of their favorite beverage.The viral thread, which includes everything from cold brew…
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Flipkart claims 1.4 billion customer visits during festive sale
16 Oct

Flipkart claims 1.4 billion customer visits during festive sale

Priyanka Bhowmick0 CommentsBusiness,
A record 1.4 billion customers visited the platform during Flipkart's flagship festival sale event "The Big Billion Days' (TBBD) 2023".The event, which began on October 8 (with early access for VIP and Plus customers from October 7) and ended on October 15, "received a great response from both customers and a wide network of dealers across the country", said head Kalyan Krishnamoorthy. Flipkart Group's Executive Officer. The likes of smartphones, laptops, tablets and home appliances indicate a strong premiumization trend across India this year Televisions, audio devices, smartphones and grooming products were also among the top choices.According to Flipkart officials,…
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Qualcomm is laying off more than 1,000 employee
14 Oct

Qualcomm is laying off more than 1,000 employee

Priyanka Bhowmick0 CommentsBusiness, India,
Qualcomm will cut 1,258 jobs at two California offices, California Department of Employment Development filings reveal. The chip company disclosed that 1,064 jobs will be cut in San Diego, where it is headquartered, and another 194 at offices in Santa Clara. Qualcomm currently has more than 51,000 employees, so it is laying off 2.5% of its workforce. The main reason for the job cuts is the company's declining revenue after sluggish chip business in its third fiscal quarter. The jobs will be vacated by Dec. 13 and further restructuring changes will occur, Qualcomm disclosed in the filing. These activities will…
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Military training should be mandatory after graduation in India: Kangana Ranaut
12 Oct

Military training should be mandatory after graduation in India: Kangana Ranaut

Priyanka Bhowmick0 CommentsBusiness, India,
Kangana Ranaut feels that military training should be made mandatory in the country for everyone after their graduation. The actor thinks it will help to get rid of the "lazy" and "irresponsible" people in the country. Speaking at News18 'Amrit Ratna' 2023, the 'Manikarnika' actress argued that mandatory military training will create discipline and eliminate laziness and irresponsibility. "If military training is made mandatory in the country for every child after graduation, we will get rid of these lazy and irresponsible people. It will instill discipline in them," the actress said. Kangana is all set to appear in the upcoming…
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16-year-old Indian girl’s AI startup is valued at Rs 100 crore
12 Oct

16-year-old Indian girl’s AI startup is valued at Rs 100 crore

Priyanka Bhowmick0 CommentsBusiness, India,
At the entrance to a storm in the tech world, 16-year-old Indian adult Pranjali Awasthi has made waves with her AI startup, Delv.AI. During the Miami Tech Week event, Awasthi unveiled her Brainchild, revealing that she founded the company in January 2022 and has successfully raised nearly $450,000 (Rs 3.7 crore) in funding. Notably, Delv.AI's LinkedIn profile already brings together a team of 10 dedicated professionals. During the event, Awasthi attributed her entrepreneurial journey to her father. Her passion for technology was ignited at a young age, thanks to her engineer father's passion for the promotion of computer science education…
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Mukesh Ambani reclaims richest Indian tag
11 Oct

Mukesh Ambani reclaims richest Indian tag

Priyanka Bhowmick0 CommentsBusiness, India,
Mukesh Ambani from Mumbai has reclaimed his position as India's richest man, according to the 360 ​​ONE Wealth Hurun India Rich List 2023 released on Tuesday. The 66-year-old Reliance Industries chairman's wealth rose 2% from last year to ₹808,700 crore, while Gautam Adani beat him to the number one slot last year, down 57 percent and is now estimated at ₹474,800 crore. Another billionaire who slipped down the rich list this year was investor and D-Mart promoter Radhakishan Damani who lost 18 percent of his wealth in a year, and the family is now worth ₹1,43,900 crore. This year, despite…
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Sundar Pichai’s email to employees on Israel-Hamas war
11 Oct

Sundar Pichai’s email to employees on Israel-Hamas war

Priyanka Bhowmick0 CommentsBusiness, India,
Sundar Pichai contacted every Google employee in a company-wide email hours after Hamas launched an attack on Israel on Saturday. He said the company has reached out to all employees working or traveling to Israel and will continue to support them. Full text of email accessed by '9 to 5 Google'. Google CEO Sundar Pichai reiterated the sentiment expressed in his email in a post shared on X this morning. Lamenting the increasing clashes, he said the company's priority was to ensure the safety of workers. “Google has 2 offices and over 2,000 employees in Israel. It’s unimaginable what they’re…
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Dabur India completes industry cloud migration
10 Oct

Dabur India completes industry cloud migration

Priyanka Bhowmick0 CommentsBusiness, India,
Dabur India on Monday said it has become a cloud-only enterprise after successfully migrating its on-prem data centers to Microsoft Azure and SAP RISE. It added that it will use emerging technologies like Open AI for digital transformation. It added that the cloud-only approach will help it significantly improve business resilience and enhance its services to retailers, partners, employees and customers. Global Chief Information Officer of Dabur India Limited, Kaustubh Dabral said, "Agility and business innovation are critical to addressing changing market dynamics and consumer expectations. Harnessing the power of the cloud, artificial intelligence and its powerful data foundation will…
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Reliance General gets ₹922.58 cr GST notices
10 Oct

Reliance General gets ₹922.58 cr GST notices

Priyanka Bhowmick0 CommentsBusiness, India,
The Directorate General of GST Intelligence (DGGI) has issued multiple show-cause notices for a tax claim of Rs 922.58 crore from Reliance General Insurance Company (RGIC), a subsidiary of former Anil Ambani group company Reliance Capital (RCAP). The move assumes significance as RCap, which is currently under a debt resolution process through the National Company Law Tribunal (NCLT), constitutes around 70% of RCap's net worth. RGIC received a total of four show-cause notices – Rs 478.84 crore, Rs 359.70 crore, Rs 78.66 crore and Rs 5.38 crore – on revenue generated from its services such as reinsurance and co-insurance, sources…
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