India

TCS ends work from home, asks employees to stick to dress code
19 Oct

TCS ends work from home, asks employees to stick to dress code

Priyanka Bhowmick0 CommentsBusiness, India,
After restricting work from home for employees, Tata Consultancy Services (TCS) has now come up with dress code guidelines for employees. Dress code protocol must be strictly followed by associates representing the company on various client platforms, Mail said. TCS Chief Human Resources Officer Milind Lakkad said in his email that employees must follow this dress code policy while working from the office. "This is key to creating the right impression with global stakeholders. The dress code policy provides clear guidance on proper attire while performing official duties and responsibilities," read the email accessed by various media. TCS has asked…
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Dabur India’s units face lawsuits in US
19 Oct

Dabur India’s units face lawsuits in US

Priyanka Bhowmick0 CommentsBusiness, India,
Shares of Dabur Ltd fell sharply on October 19 on heavy volume after the company informed the stock exchange on October 18 of pending litigation against three US subsidiaries. According to the BSE filing, the cases are in the preliminary discovery stage of litigation and allege that a hair-relaxer product contains chemicals that can cause ovarian cancer, uterine cancer and other health problems. Lawsuits have been filed in both federal and state courts in the United States and Canada. Federal cases in the United States are consolidated as multi-district litigation, also called MDL. Dabur's subsidiaries Namaste, Dermoviva, and DINTL have…
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India to see record high business of Rs 4.25 lakh crore from 35 lakh weddings
18 Oct

India to see record high business of Rs 4.25 lakh crore from 35 lakh weddings

Priyanka Bhowmick0 CommentsBusiness, India,
According to a survey conducted by the research wing of the Confederation of All India Traders (CAIT), the wedding business is expected to register a record this year with around 35 lakh weddings and a turnover of around Rs 4.25 lakh crore, the highest ever. Traders across the country, including Delhi, are gearing up and preparing themselves for the upcoming wedding season, the first spell of which will begin from November 23 to December 15. "In Delhi alone, more than 3.5 lakh weddings are expected to take place this season, which could generate a business of around Rs 1 lakh…
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Freyr Energy secures 58 crores in Series B finance
17 Oct

Freyr Energy secures 58 crores in Series B finance

Priyanka Bhowmick0 CommentsBusiness, India,
Solar energy startup Freyr Energy has raised INR 58 Cr (approx. $6.9 million) in its Series B funding round led by EDFI ElectriFI. Snyder Electric Energy Asia Fund (SEEAA), Lotus Capital LLC, Maybright Ventures and VT Capital also participated in the round. Founded in 2014 by Radhika Choudary and Saurabh Marda, Fryer offers a range of smart solar grids for homes and businesses.The co-founders told Inc42 that the startup will use the new capital to meet growing demand, grow its team, and for product development and marketing. Marda said that solar energy penetration in India is currently less than 2%…
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TCS fires 16 employees involved in bribes-for-jobs scam
17 Oct

TCS fires 16 employees involved in bribes-for-jobs scam

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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Ex-Starbucks employee reveals every drink’s recipe after termination
16 Oct

Ex-Starbucks employee reveals every drink’s recipe after termination

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’s Big Billion Days sets new record with over 1.4 billion customer visits
16 Oct

Flipkart’s Big Billion Days sets new record with over 1.4 billion customer visits

Priyanka Bhowmick0 CommentsBusiness, India,
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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Gold price unchanged at Rs 58,910
14 Oct

Gold price unchanged at Rs 58,910

Priyanka Bhowmick0 CommentsBusiness, India,
According to the GoodReturns website, 24-carat gold prices were unchanged in the early hours of Saturday, with ten grams of the precious metal selling at Rs 58,910. Silver prices were also unchanged with 1 kg of the precious metal selling at Rs 72,600.22-carat gold prices remained unchanged from yesterday and the yellow metal was sold at Rs 54,000. Ten grams of 24-carat gold in Mumbai is equivalent to Rs 58,910 in Kolkata and Hyderabad. Ten grams of 24-carat gold in Delhi, Bangalore and Chennai cost Rs 59,060, Rs 58,910 and Rs 60,110 respectively. Ten grams of 22 carat gold in…
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Infosys to skip engineer recruitment for this year
13 Oct

Infosys to skip engineer recruitment for this year

Priyanka Bhowmick0 CommentsBusiness, India,
Infosys will not go to college campuses to hire freshers this year as the second-largest Indian IT services company still has a "significant fresher bench" amid declining demand in key markets like the US. In a post-results press conference on Thursday, CEO and MD Salil Parekh said the company is carrying inefficiencies in its employee pyramid and has enough room to tighten utilization to 84-85 percent. Pointing to a significant new bench trained in general AI, CFO Nilanjan Roy said the company is not yet looking to recruit new campuses. “We see, there is no possibility of going to the…
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Nikhil Kamath launches WTF fund for young Entrepreneurs
12 Oct

Nikhil Kamath launches WTF fund for young Entrepreneurs

Priyanka Bhowmick0 CommentsBusiness, India,
Zerodha co-founder Nikhil Kamath launched WTF Fund, a funding and mentorship program for entrepreneurs under 22 years of age. It will support young entrepreneurs working in the beauty, home, fashion and lifestyle sectors Nikhil Kamath wrote on X, “Introducing the #WTFFund! Young entrepreneurs under 22 years of age can now grab the opportunity to secure funding and receive mentorship in the home, fashion, beauty or lifestyle sectors…,”. Eligible entrepreneurs can apply to be part of the program, which is accepting entries until October 16. WTFFund will shortlist two start-ups who will receive funding of Rs 40 lakh each. Entrepreneurs will…
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