Tata Consultancy Service is giving a 20% Christmas salary hike to 70% of its employees and the rest of the employees get a salary hike based on their performance. There are almost 6 lakh employees in the firm. 10-20% of the employees' salary is dependent on variable pay. TCS has planned to roll out 100% variable pay to 4 lakh employees for the financial year 2022.

Currently, TCS has implemented a 100% variable compensation scheme for employees.

BJP National President J.P. Nadda has slammed the Naveen Patnaik-led government raking up several issues, including non-implementation of the Ayushman Bharat scheme in Odisha.

While addressing public meetings at Tumudibandha in Kandhamal district and Banapur in Khurda district on Wednesday, Nadda said, "Naveen Ji, who always claimed that his government is working for the interest of the people of Odisha, has become an obstacle in providing direct benefit of Ayushman Bharat Yojana to 60 lakh poor people of Odisha."

Shares of KFin Technologies (KFIN) made a listless debut on Thursday, with the stock listed at Rs 369, up 1 per cent against its issue price of Rs 366 per share on the BSE. The stock opened at Rs 367, almost at par on the National Stock Exchange (NSE).

Post tepid listing, KFIN stock price fell below its issue price to a low of Rs 355 on the BSE and NSE. At 10:14 AM; the stock traded at Rs 356.85, down 2.5 per cent against its issue price. A combined 1.7 million equity shares had changed hands at the counter on the NSE and BSE.

As compared to record highs of 2021, venture capital funding of startups in India fell 30 per cent in 2022. The startups picked $23.95 billion as of December 28 this year. In 2021, this was $35.46 billion, a report in the Economic Times (ET) said, citing data from Venture Intelligence.

The funding of late and growth-stage startups slowed down as private market investors became more cautious amid rising interest rates and fears of recession. The funding of Series D and above halved to $11.70 billion in 2022 from $24.91 billion in 2021. The number of late-stage deals fell from 177 to 122.

Seven Telugu Desam Party workers lost their lives after a scuffle broke out between party workers during a public meeting being held by party leader N Chandrababu Naidu in Kandukuru of Andhra Pradesh's Nellore on Wednesday, police said.

The injured people were admitted to the nearby hospital.

With the next month expected to be crucial for India’s Covid-19 situation, passengers arriving from China, Japan, South Korea, Thailand and Singapore would have to carry a negative RT-PCR report from next week onwards, official sources have said.

The Covid-19 spike in these countries has sent alarm bells ringing in India as well, with states gearing up to prepare for any emergencies and taking stock of health infrastructure.

Amid an increase in complaints about call drops, failures and slow internet speed, the government has called a meeting of telecom service providers on Wednesday to discuss the matter, The Economic Times reported.

There has been an increase in complaints about the deteriorating quality of mobile phone services as telecom operators shift to 5G technology, which allows for faster Internet access for watching high-definition videos.

Amid macroeconomic pressures, Information Technology (IT) companies have lowered their growth and revenue projections for the current financial year (FY23). HCL has set its revenue guidance growth of 16-17 per cent for the year FY23, a report in the Times of India (TOI) said. Accenture, another tech giant, said that the clients were pausing smaller deals and there was a delay in overall decision-making.

"All of this (macro challenges) impacts the smaller deals more than the bigger deals because we're continuing to see that big transformation focus," Accenture said while announcing its financial results for the quarter ending November.

The recent guidelines by the Bureau of Indian Standards (BIS) to curb the menace of fake online reviews could increase costs for e-commerce platforms however small they may be, according to a report in The Economic Times.

The report, citing experts, said e-commerce platforms will have to invest in pulling resources to adhere to the new guidelines and this may result in higher costs for even small players.

The Centre may soon launch a production-linked incentive (PLI) scheme for the high-end components for electronic products like smartphones, servers and computers with an outlay of Rs 10,000-12,000 crore, a report in the Economic Times (ET) said.

The move, which may attract global giants like Apple to enhance production in the country, is being discussed to develop a complete ecosystem for electronic manufacturing in India.

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