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TCS gives its employees a Diwali surprise – 1.5 times the VA (Diwali Bonus ?)

TCS has been in the news for All bad reasons recently, for a change today the TCS Management has announced 50% increase in VA Quarterly component for the just concluded quarter. This is applicable only for this quarter and not future VA components.

Most of the employees are expected to receive the increased VA in october salary, this will  give a minimum bonus of Rs 4000 and upwards . This could be a way the company is trying to mend way with its employees and probably a Gift from the new CEO N Chandrasekharan.

Below is the excerpt fromVP & Head of Global HR , TCS

Congratulations and thanks to all of you for your tremendous effort. Considering the performance of the company in this quarter, I am pleased to announce the management decision to pay 1.5 times of the quarterly component of the variable pay for the quarter ended 30 September, 2009, applicable for eligible employees on India payroll.

Anyway Happy Diwali everyone..

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TCS posts better than expected Q2 results

TATA Consultancy Services (TCS) beat the market outlook by posting decent Q2 numbers following in Infosys path.

The net profit was at Rs 1,640 crore vs Rs 1,533 crore QoQ (Quarter-on-Quarter). The results are up 3.2% QoQ and 6.9% YoY.

TCS is expected to announce Full VA for its employees  for the Q2 this month.

The positive results is expecte to boost IT stocks in the market despite Climbing Rupee.

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Wi-fi direct to let your laptops Talk and Play

Most of the Wi-Fi users would have wondered atleast once why they are not able to connect their wi-fi enabled laptops and transfer files with their friend’s laptops. It is after all natural to expect a Bluetooth/LAN kind of functionality from WiFi devices.

This soon might become possible as Wi-Fi alliance is pushing for Wi-Fi direct (or Wi-Fi Adhoc) enabled devices as early as first quarter of 2010.The Wi-Fi direct will allow computers/devices to talk without a need for a wireless Hub / Wireless router. Currently Wi-Fi devices need to be connected to a Router/Hub to share data and communicate.
But with Wi-Fi Direct protocol the future devices can discover and automatically authenticate as in the case of current bluetooth technologies.

There are currently other limitations like you can have atmost one connection anytime in the Wi-Fi devices, For example I can only connect to one Wi-Fi network at any time. When we allow ad-hoc connections, the ability to connect to your internet and print at the same time from a Wi-Fi enabled printer becomes relevant. But whether this shortcoming will be addressed in near future is still a big question.

This new technology is expected to make the bluetooth technology which is a shorter range technology irrelevant in the long run.

More details and updates on Wi-Fi Direct can be accessed in Wikipedia’s article here