Monthly Archives: September, 2008
TCS might fire employees in bench for more than 2-3 months
TCS,Mumbai.
Desperation seems to be getting better of TCS Management. Faced with falling stocks, deserting clients and loss of business in US Financial market, TCS is gearing up for some tough measures in the next few months. TCS has already stopped its promotions for this cycle.
Next target for the management seems to be unallocated employees.
Due to [...]
Dont panic this is the best time to invest in ICICI
Indian markets and the Dalal street have once again proved its a sheep market rather than anything. Our investors react in a kneejerk fashion to any news or rumour. Though ICICI has exposures to US funds the percentage of exposure to these global funds very minimal and considering the market share ICICI commands in India, [...]
TATA Consultancy Services (TCS) in bad shape in US Market
Tata Consultancy Services (TCS) , India’s No 1 IT exporter is in deep trouble in the US market. Almost 80% of its clients have reduced or stopped business due to economic recession in US.
Some of its top clients like USAA,AC Nielson,Citibank,Boeing have drastically reduced the business and even stopped moving ahead with new projects. The [...]
Satyam to fire 4500 employees
Satyam computers is in the process of pink slipping 4500 of its employees, this ranges from Mangement level to entry level software developers who doesnt have a good feedback from their immediate supervisors.
Many of the experienced employees, who got the letter this week were shocked in the way they were shabbily thrown out of the [...]
