TCS faces US trial in anti-American bias case Posted on 28th December 2017 |
.jpg) |
| India’s Tata Consultancy Services Ltd. will have to defend itself at a U.S. trial over claims that it’s biased against American workers. A federal judge in Oakland, California, on Wednesday rejected a request from the information technology outsourcing giant to dismiss a 2015 lawsuit accusing it of violating anti-discrimination laws by favoring South Asians. In a further setback for the company, the judge also expanded the case into a class action on behalf of American workers who lost their jobs at TCS offices in the U.S. because they hadn’t been assigned to any of its clients. A TCS representative declined to comment on the ruling. While the case predates President Donald Trump’s election, its objective mirrors one of his campaign promises: to reduce the use of overseas workers in U.S. jobs. TCS, Asia’s largest software maker, and Infosys Ltd., a rival Indian outsourcing firm facing a similar lawsuit in Milwaukee, have both been squeezed by the Trump administration to hire more Americans on U.S. soil. In April, Trump signed an executive order aimed at overhauling the work-visa programs companies use to bring overseas workers to the U.S. The next month, Infosys, which employs about 200,000 people around the world, said it planned to hire 10,000 Americans over the next two years. The lawsuit against TCS was filed in 2015 by a white IT worker who claimed he was subject to “substantial anti-American sentiment” within the company and was ultimately terminated within 20 months despite having almost 20 years of experience in the field. He was later replaced as the lead plaintiff by two other men. One, Brian Buchanan, said he worked at Southern California Edison for 28 years when the company outsourced the bulk of its IT work to TCS. He was among 400 people terminated, but said he was asked to stay on for a few months to train the Indian TCS employees that were replacing him. Buchanan claims that at a job fair organized for the employees losing their jobs, the South Asian TCS regional manager was dismissive of his interest in a position. TCS argued Buchanan’s experience doesn’t prove he was a victim of bias. He has “no idea” whether the application process was discriminatory because he didn’t attend any of the town hall meetings he was invited to during the Edison transition to learn about open positions with TCS and how to apply for them — and he didn’t apply for a specific job, the company said in a court filing. The four workers who sued Infosys over similar allegations four years ago in Milwaukee are represented by the same law firm that filed the TCS suit. The TCS case is Heldt v. Tata Consultancy Services Ltd., 15-cv-01696, U.S. District Court, Northern District of California (Oakland). |
|
|
|
|
Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict Posted on 29th October 2019 |
.jpg) |
Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
|
|
Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices Posted on 7th October 2019 |
.jpg) |
The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
|
|
LIC pips private insurers in first-year premium growth during April-August Posted on 13th September 2019 |
.jpg) |
In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
|
|
Apollo Hospitals rules out further stake sale Posted on 13th September 2019 |
.jpg) |
Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
|
|
World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah Posted on 13th September 2019 |
.jpg) |
In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
|
|
|
|
| Be the first person to write a business review for TCS faces US trial in anti-American bias case |
|
|
|