India

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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Qualcomm Cuts Jobs in California
14 Oct

Qualcomm Cuts Jobs in California

Priyanka Bhowmick0 CommentsSikkim,
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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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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16-Year-Old Pranjali Awasthi launches AI company with a staggering Rs. 100 Crore valuation
12 Oct

16-Year-Old Pranjali Awasthi launches AI company with a staggering Rs. 100 Crore valuation

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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Google CEO Sundar Pichai reaches out to employees in Israel
11 Oct

Google CEO Sundar Pichai reaches out to employees in Israel

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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Mukesh Ambani overtakes Gautam Adani to become richest Indian
11 Oct

Mukesh Ambani overtakes Gautam Adani to become richest Indian

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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