IT services exporter TCS said Monday that moonlighting is an “ethical issue” and contrary to its core values, but took no action against any staff. Digital app firms fear the communications bill could lead to “overregulation,” with the DoT incorporating the powers of other departments such as the Department of Information Technology and the Department of I&B. Read more about it in our main titles.
TCS Says Illegal ‘Ethical Issue’; no action taken against any member of staff
The country’s largest IT services exporter, TCS, said Monday that moonlighting is an “ethical issue” and contrary to its core values, but took no action against any staff. The company, which employs more than 616,000 people, will take into account all relevant dimensions while forming a definitive opinion on the issue that has been in the headlines in recent weeks, its human resources director told reporters. Milind Lakkad. Read more
DoT could put digital apps under licensing in telecommunications bill
Digital apps companies fear the communications bill could lead to ‘overregulation’, with the Department of Telecommunications (DoT) incorporating the powers of other departments such as the Department of Electronics and Technology. IT and the Ministry of Information and Broadcasting. Read more
India’s online retail market expected to reach $150-170 billion by 2027: report
The Indian online retail market is expected to reach $150-170 billion by 2027. This implies annual growth of 25-30% and a doubling of market penetration to 9-10% over the past five years. next few years, according to a report by consulting firm Bain & Company conducted in conjunction with Flipkart. Read more
Ministry of Corporate Affairs improves the ease of running a business
The post of Secretary of the Ministry of Corporate Affairs (MCA) has been vacant for almost two months, since Rajesh Verma moved to the post of Secretary to the President of India in August (August 19). Revenue Secretary Tarun Bajaj has held additional charges since then. Despite the vacancy, MCA officials have reason to be pleased with the manner in which they have succeeded in improving the administration of company law, reducing the scope of criminal penalties and accelerating the time to create or exit companies. companies. Read more
FMCG companies could see revenue growth driven by higher prices in July-September
Revenues from fast-moving consumer goods companies are expected to continue to rise on the back of price increases in the July-September quarter. However, volumes are expected to remain under pressure due to lower grammage, inflation and slowing rural demand. Rural demand for FMCG products remained weak during the quarter. Godrej Consumer Products said in its quarterly update that rural markets have seen slower growth compared to urban markets. Read more
