TCS confident of its defence in anti-American bias case
.jpg)
In response to news reports that Tata Consultancy Services (TCS) will have to defend itself in the US in an anti-American bias case, the company said there are no discriminatory practices in any part of the company, and it is confident of defending its position at the trial. “In vindication of our position that TCS is an equal opportunity employer, the District Court in California has denied class certification on a litigation against the company alleging a pattern and practice of discrimination in hiring against people of non-South Asian origin. The same court has, however, granted class certification in respect to allegations of discrimination in practices related to termination of employees. This part of the litigation will move to the next phase of trial. TCS will vigorously defend its position and expects positive outcome,” a company spokersperson said in a statement.
Other Latest News
.webp)
The AAP alleged on Wednesday that when there was a possibility of Delhi Chief Minister Arvind Kejriwal getting bail from the Supreme Court in a money laundering case, the BJP panicked and got him arrested in a "fake case" by the CBI.
Earlier in the day, a Delhi court allowed the CBI to formally arrest Kejriwal in the Delhi excise policy case.
.webp)
Lok Sabha Speaker Om Birla recognised Rahul Gandhi as the leader of opposition on Wednesday, a day after the Congress communicated its decision to name him for the position to the Lok Sabha Secretariat.
In a notification issued on Wednesday, the Lok Sabha Secretariat said Gandhi, leader of the Indian National Congress, had officially been recognised as the leader of opposition in the Lok Sabha with effect from June 9.
.webp)
Telecom operators on Tuesday placed bids for spectrum worth Rs 11,000 crore on the first day of the 5G spectrum auction, sources at the Department of Communication (DoT) said. While auctions will continue on Wednesday, the activity level has reached 90 per cent, they added.
Five rounds of bidding saw operators focusing mostly on five of the eight bands on offer — 800 megahertz (MHz), 900 MHz, 1,800 MHz, 2,100 MHz, and 2,500 MHz — data released by the DoT showed.
.webp)
The Adani group plans to invest up to Rs 1.3 trillion in 2024-25 (FY25) to expand its capacity across its portfolio companies and will raise up to $3 billion (Rs 25,000 crore) in equity this financial year to fund the projects.
Among its portfolio companies, Adani Green Energy will invest Rs 34,000 crore to expand its facilities in Gujarat’s Khavda, said Adani Group Chief Financial Officer Jugeshinder ‘Robbie’ Singh here on Tuesday.
.webp)
Market regulator Securities and Exchange Board of India’s (Sebi’s) experiment with the same-day settlement cycle has found few takers during its soft launch phase, rolled out for just 25 stocks.
Since its introduction in March, the T+0 mechanism — an optional settlement cycle, parallel to the mainstream T+1 cycle where trades are settled on a next-day basis — has logged a turnover of just Rs 5.7 lakh on the NSE, with six of the 25 scrips not recording even a single trade. Of the total, over 80 per cent, or Rs 4.63 lakh, was registered on March 28, the launch day.
.webp)
.webp)
.webp)
.webp)
.webp)
