Jury finds TCS not guilty of anti-American bias in staffing its US offices

A jury in California rejected claims that Tata Consultancy Services Ltd. has discriminated for years against American workers in favor of staffing its US offices with Indians. The verdict is a major victory for the Indian outsourcing industry, whose business model depends heavily on exporting Indian engineers to the US A federal jury in Oakland, […]

We will continue to invest in people irrespective of their nationality: TCS

India’s largest software firm TCS Thursday said that its employee hiring and retention practices are based purely on capabilities, irrespective of background or national origin as a US jury ruled in favour of the company in a case involving charges of discrimination. A California jury unanimously sided with Tata Consultancy Services (TCS), saying the Indian […]

G20: EU plegdes to help reform WTO rules to resolve global trade tensions

Global trade tensions are putting at risk commitments by the Group of 20 leading economies to keep markets open European Union delegates to the G20 said, pledging to help reform World Trade Organization rules to resolve the strains. G20 leaders meet on Friday and Saturday in Buenos Aires with the escalating trade dispute between the […]

India has less than 10% of the data scientists available globally: Report

Big data and analytics is emerging as a big focus area for heritage information technology (IT) service companies in India as they strive to increase their digital revenue faster. However, lack of talent in this space is likely to pose a bottleneck in competing with global majors According to data collated from professional networking site […]

TNRERA mandates real estate firms to include registration number in ads

Tamil Nadu Real Estate Regulatory Authority (TNRERA) has asked real estate companies to mention the registration number while releasing advertisements in the media among other measures in a circular released recently. Tamil Nadu RERA website address also has to be mentioned and no disclaimer clause should be mentioned as the ‘information is subject to change.’ […]

Rera to hear pleas on unregistered projects

Apart from four regular sittings, the bench of Uttar Pradesh Real Estate Regulatory Authority (UP-Rera) will hold two special hearings every week to address the of buyers against unregistered real estate. The decision was taken by UP-Rera officials in a meeting with Noida and Greater Noida authorities on Wednesday. There are over 550 such complaints […]

After RERA Centre is Ready to Bring Real Estate into GST

After the inception of RERA into real estate system, the Central Government is planning to bring real estate under GST Arun Jaitley said, The one sector in India where the maximum amount of tax evasion and cash generation takes place and which is still outside the GST is real estate. Some of the states have […]

Avantha set to sell Solaris to Agrocel for Rs 800 crore

Avantha Group is set to sell its agro chemicals unit, Solaris ChemTech, to Agrocel Industries for about Rs 800 crore as the Gautam Thapar-controlled firm is selling its non-core businesses to repay some outstanding debt. Agrocel, part of the Shroff Group of Companies which includes Excel Industries, is expected to sign definitive agreement in the […]

Non-food bank credit grows at 15.6%

Total credit growth from banks to the commercial sector grew at 15.6 per cent¬†year-on-year at Rs 97.32 lakh crore in the fortnight ended November 9, 2018, the highest growth since demonetisation of Rs 500 and Rs 1000 notes in November 2016, according to a Reserve Bank of India data. The adjusted non-food bank credit stood […]

MSME loans restructuring a step backwards given RBI’s earlier stance: Fitch

The decision to restructure loans of up to Rs 250 million for the MSME sector is a step backwards¬†and the risks to the banking sector will manifest in the next 6-9 months, Fitch Ratings said Wednesday. The board of the Reserve Bank last week advised the RBI that it should consider a scheme for restructuring […]