TCS to hire 35,000 from campuses in FY16
Posted on 18th October 2014 |
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| Tata Consultancy Services, the country’s largest information technology services provider, will hire 35,000 from college campuses for 2015-16, for which it will visit 350-400 institutes. This is higher by 10,000 from the campus hiring it did for FY15. TCS is the only IT company so far that has announced its FY16 hiring target numbers. “We have begun the process of giving offer letters to freshers’ they will start joining from the next fiscal. We are also on target to add 55,000 employees for FY15. I think we might overshoot (that) target,” said Ajoy Mukherjee, executive vice-president and global head, human resources. The company started the year by announcing the hiring target for FY15 would be 50,000. In the previous quarter, this was raised to 55,000. TCS does not give any growth forecast — generally, the hiring target indicates the growth demand it sees. TCS is among a handful of IT services companies that have stayed the course in terms of hiring in large numbers from campuses. For the quarter ended September, utilisation was at an all-time high of 86.2 per cent (excluding trainees). Including trainees, it was 81.3 per cent.
TCS has also managed to maintain a relatively low (staff) attrition rate. It was 12.8 per cent for the quarter. It reported growth of 13.6 per cent for the July- September quarter profit at Rs 5,288 crore and revenue growth of 13.5 per cent on a year-on-year basis at Rs 23,816 crore. The quarter’s dollar revenue missed market estimates but the management has remained bullish about demand. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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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. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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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. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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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). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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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. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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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. |
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