TCS Takes Swift Action in Response to Bribes-for-Jobs Scandal In a bold and decisive move, Tata Consultancy Services (TCS) has taken stringent measures to address a troubling scandal that emerged in June 2023. TCS recently disclosed the results of an extensive investigation in which 16 employees were terminated, and six vendor entities were debarred, shedding …
Atlassian Acquires Loom for $975 Million, Showcasing Diversity in Leadership In a significant development, Atlassian has revealed its plans to acquire the video messaging platform Loom for approximately $975 million. This strategic move highlights Atlassian’s commitment to enhancing its collaborative tools and services, particularly in the realm of video communication. It’s worth noting that Loom’s …
Israeli-Palestinian Conflict Spurs Israeli Tech Investment in India, Fosters Collaboration The persistent Israeli-Palestinian conflict has not only created geopolitical uncertainty but has also spurred significant ripples in the global tech sector. Israeli tech companies, concerned about the potential impact of the conflict on their international operations, have sought to diversify their business interests, leading to …
Indian IT Giants Infosys and TCS Face Headcount Challenges Amidst Market Shifts The Indian IT sector is navigating through a series of challenges, as two major players, Infosys and TCS (Tata Consultancy Services), grapple with shifting market dynamics and a reduction in headcount. Infosys Reduces Bench Strength: Infosys, a prominent IT services company, has been …
Evolution of Banking in India From Ancient Barter to Digital Innovation Banking in India has a rich history that has evolved over millennia, reflecting the changing economic, technological, and political landscapes. Here’s a glimpse of the key milestones in the development of India’s banking system: 1. Indus Valley Civilization (3300-1300 BCE): The roots of India’s …