Employees with experience of two years and above across the company who were unable to meet the performance requirements of our company are asked to look for other jobs commensurate with their abilities, a TCS spokesperson said.
Three more United States Secret Service agents have resigned over the sex scandal in Columbia, while President Barack Obama was given a briefing on the issue that has become an embarrassment for the White House and for the elite security agency. Three employees have chosen to resign, the Secret Service said in a statement, as it continued with its probe into the scandal.
Sources say investors of the company have expressed their desire to speak to the management shortly and it could be about discussing Yadav's role in the company.
A dozen land parcels in Ranchi measuring about 8.5 acres in total are in 'illegal possession, occupation and use' of arrested former Jharkhand chief minister Hemant Soren and are proceeds of crime under the anti-money laundering law, the Enforcement Directorate has claimed.
The magic figure for simple majority was 105, equivalent to the strength of the BJP, which also commanded the support of an Independent.
The letter was in response to a New York Times report that Android creator Andy Rubin received a whopping $90 million exit package despite facing misconduct allegations.
'They feel if they join a union, it will have a negative impact on their appraisals.'
Trends that added colour to workplace culture in 2022.
US country head, key departmental heads leave; more likely to follow.
Anil Ambani Group firm Reliance Money on Monday said it is undertaking a performance monitoring exercise for its staff which could result in separation of about 300 employees due to their under-performance.
Edtech firm Think and Learn Private Ltd, owner of Byju's, on Thursday said neither the company's founder and CEO Byju Raveendran nor any other board member will attend the extraordinary general meeting called by some select investors. Shareholders at Byju's are set to vote on Friday on a resolution brought by some investors to oust founder CEO Byju Raveendran and his family members over alleged "mismanagement and failures". Byju's has called the EGM "procedurally invalid" and contractually in contravention of the company's article of association and shareholder's agreement.
Last week, its global head of strategic sales, marketing and alliances Prasad Thrikutam resigned from the job marking the 11th senior management executive exit from Infosys since Murthy's return.
Haryana minister Gopal Kanda resigned on Sunday night after he was booked for abetment to suicide by the Delhi police after a former woman employee of his now defunct airline MDLR allegedly took her life accusing him of harassing her.
Chief Selector Wahab Riaz held a press conference to formally announce the immediate withdrawal of Butt's name from the consultancy panel.
An Extraordinary General Meeting (EGM) of Byju's shareholders got underway on Friday to vote on a resolution brought by some investors to ouster founder CEO Byju Raveendran and his family over alleged "mismanagement and failures". Raveendran and his family stayed away from the EGM, calling it "procedurally invalid."
'Modi must see how we live, what we have to do to educate our children.'
Rai also said that a total of 5,502 Kashmiri Pandits have been provided government jobs in different departments of Jammu and Kashmir administration in the Kashmir Valley under the PMDP.
BharatPe co-founder Ashneer Grover and his wife Madhuri Jain were stopped at the Delhi international airport following a look out circular issued against them in the alleged fraud at the fintech firm, sources said. The couple were to travel to New York late on Thursday for vacation when they were stopped at the airport on the basis of a look out circular issued by the Economic Offences Wing (EoW) of the Delhi police. EoW is investigating complaints of payments being made at BharatPe to fake human resource consultancies allegedly operated by Grover and family. They have also been accused of backdating invoices to use funds.
The Enforcement Directorate, which has been investigating the Mahadev app-linked money laundering case for more than a year, alleged in the past that its probe has shown involvement of various high-ranking politicians and bureaucrats from Chhattisgarh, where the two main promoters of the app hail from.
Housing.com boss gifts his shares to staff.
The rumours have primarily been about the impending resignation of JD-U national president Rajiv Ranjan Singh 'Lalan', for alleged proximity towards ally Rashtriya Janaat Dal at the expense of loyalty to his own party.
Dorsey works to rebuild employee morale and confidence at Twitter after a spate of high-level departures.
The CBI action comes following a complaint from the Union home ministry.
Belvedere members at the Oberoi here Delhi will not be charged the annual membership fee of Rs 143,125 for the two years
Thackeray said he is 100 per cent confident that Latke will get the votes of the Maha Vikas Aghadi constituents.
Byju's, India's most-valued startup, has decided to put two of its key assets -- Epic and Great Learning -- on the block to generate $800 million-$1 billion in cash, with an aim to meet the edtech firm's various commitments, including repaying the entire $1.2 billion term loan B (TLB) within six months, according to sources. The cash-strapped company has proposed repaying $300 million of the $1.2 billion loan in the next three months, depending on whether the lenders accept Byju's amendment proposal, said the people familiar with the development. "This loan repayment proposal has been submitted to the lenders and conversations are going in the right direction," said a person in the know.
Last week, the carrier had asked about 60 pilots who had resigned to leave after serving only half the six-month notice period.
Indian IT services companies have seen several CEO changes that have, over the past few months, led to some crucial exits at the mid-senior level in a trend that is likely to continue. According to a recent Motilal Oswal report, "Movement of mid-to-senior leadership at IT services firms is a reality, partially on account of multiple CEO-level changes.
They, however, conveniently forget to add the condition: so long as you add good margins to our business
- 'No independent governance committee, investigator or arbitration panel can change the culture of an organization' - 'FIFA's ethics committee was created to increase the transparency of the organisation, that's what we wanted, but in the end it has just caused more confusion for FIFA'
Refusing to speak about Mahendra Singh Dhoni's role in his company, India Cements, Narayanaswami Srinivasan, the Board of Control for Cricket in India's president-in-exile, made it clear that India's captain would not be asked to resign despite questions about conflict of interest being raised against him.
As employers eye quality talent, employees will enjoy an upper hand in demanding high pay, better benefits, remote work options and other perks, predicts Navneet Singh, CEO, Avsar, a talent management firm.
Edtech major Byju's is growing slowly but sustainably and is close to achieving profitability at the group level, the company's CEO Byju Raveendran said on Thursday. The company organised a town hall with Raveendran to allay apprehensions about the uncertainty around the company's growth and its future. According to sources, who attended the town hall, Raveendran said that issues with $1.2 billion Term Loan B lenders are being resolved through discussion and hopeful of a positive outcome in the next few weeks without the court's intervention.
More than 60 per cent of shareholders of edutech Byju's on Friday voted for removal of founder CEO Byju Raveendran and his family over alleged "mismanagement and failures" at what was once India's hottest tech startup, but the company dug in its heels, calling the voting done in the absence of founders as "invalid". Prosus - one of the six investors who had called the extraordinary general meeting (EGM) - in a statement said "shareholders unanimously passed all resolutions put forward for vote.
Companies today are taking a very fashionable way to reduce their workforce. Instead of the outright firing of employees, an alternative approach that some companies are using is the passive-aggressive method which is both deliberate and accidental, points out corporate lawyer Ishanee Sharma.
Kashmiri Pandit employees on Monday threatened to appeal to international human rights organisations for asylum if the central government failed to relocate them from the Valley in the wake of attacks on minorities.
A US-based Dalit civil rights organisation on Thursday accused Google of having a casteist and hostile workplace practices.
The April 2 Supreme Court order quashing the February 12, 2018 RBI circular (which ended all debt recast plans even on a one-day default) put paid to the resolution plan as banks were left with no leeway to restructure the loan and pay the promised Rs 1,500 crore interim funds.
The Economic Offences Wing of the Delhi Police has filed an FIR against former BharatPe co-founder Ashneer Grover, his wife Madhuri Jain Grover and family members Deepak Gupta, Suresh Jain and Shwetank Jain for an alleged Rs 81 crore fraud after a complaint by the fintech unicorn. The FIR, a copy of which has been seen by PTI, was filed under eight sections of the Indian Penal Code, including 406 that deals with criminal breach of trust, 420 (cheating and dishonesty), 467 and 468 (forgery). BharatPe in the complaint alleged that Grover and his family caused damages of about Rs 81.3 crore through illegitimate payments to bogus human resource consultants, inflated and undue payments through passthrough vendors connected to the accused, sham transactions in input tax credit and payment of penalty to GST authorities, illegal payment to travel agencies, forged invoices by Madhuri Jain and destruction of evidence.
In continuation of the recent trend, another edtech major has issued pink slips to hundreds of employees. Bengaluru-based Byju's - valued at $22 billion - has laid off about 500 employees at its group companies -WhiteHat Jr and Toppr. It's a move to drive cost efficiency, according to the company. The number of layoffs, cutting across various department functions, may increase, sources said.
