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Microsoft, TCS, Amazon India's most attractive employer brands: survey
Economic Times
·
12m ago
Medial
Microsoft has been ranked as the most attractive employer brand in India, according to the Randstad Employer Brand Research (REBR) 2024. TCS and Amazon secured the second and third positions respectively. The results are based on factors such as financial health, good reputation, and career progression opportunities. Other notable companies in the top 10 include Tata Power Company, Samsung India, and Infosys. The report also highlights the importance of work-life balance, equity, and attractive salary and benefits for Indian employees when choosing an employer. Additionally, it emphasizes the growing impact of artificial intelligence on the job landscape.
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Why global SWFs are turning towards India, eyeing debt investments
VCCircle
·
1y ago
Medial
A new survey by Invesco has shown that India has become a top priority for sovereign wealth funds and the most attractive destination for debt investments among emerging market economies. Global central banks also view India as the most attractive emerging market to increase their exposure. The survey highlights India's large domestic market, growing middle class, and increasing global competitiveness as factors attracting significant investor interest. The survey further reveals that India leads the race as the most attractive emerging market for debt exposure in 2024, followed by Indonesia, South Korea, and China.
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THESE four Indian companies secure ranks among 100 most valuable global brands
Livemint
·
1y ago
Medial
Four Indian companies have made it to the list of the 100 most valuable global brands. TCS secured the 46th position with a valuation of $44.8 billion, followed by HDFC Bank at 47th with a valuation of $43.3 billion. Airtel and Infosys claimed the 73rd and 74th positions, respectively. Apple retained its top spot, followed by Google, Microsoft, and Amazon. The report also noted the significant growth of the business technology and services platforms category.
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What makes smartphones the top-selling category on Amazon India?
Inshorts
·
2m ago
Medial
Smartphones make up 47% of Amazon India's total market share, emerging as the most sought-after product category. This dominance is driven by aggressive pricing, a vast range of brands and models, and dependable delivery, making Amazon a top choice for mobile shoppers across the country.
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Fired US employees accuse TCS of giving their jobs to Indian H-1B visa workers
Livemint
·
1y ago
Medial
Tata Consultancy Services (TCS) has faced allegations of hiring biases at its US unit from a group of American employees who claim they were fired to make way for workers from India on H-1B visas. These employees accuse TCS of discrimination based on race and age, as some of their work was reportedly given to lower-paid Indian immigrants. TCS denies the allegations, stating that it is an equal opportunity employer. 22 former TCS staff have filed complaints with the Equal Employment Opportunity Commission since December 2023.
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Ecommerce sellers count on cash-flow gains from GST cut
Economic Times
·
1y ago
Medial
The Goods and Services Tax (GST) council has recommended a reduction in tax collected at source (TCS) for online commerce platforms. The TCS would be reduced from 1% to 0.5%, benefiting sellers and brands operating on platforms like Amazon and Flipkart. This reduction would help free up cash flow, allowing businesses to reinvest in their operations. However, restaurants selling through food delivery platforms may not benefit as much, as they are charged GST directly by the platform. Only the sale of specific products like ice creams and desserts will benefit from the reduced TCS.
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Zomato records 100% growth in brand value, MakeMyTrip enters list of top Indian firms
Money Control
·
10m ago
Medial
Zomato has experienced the highest growth in brand value, recording a 100% year-on-year increase to $3,549. The growth can be attributed to the company's innovation and expansion into quick commerce. Additionally, travel platform MakeMyTrip made its debut in the list of top Indian brands due to notable improvements in its customer experience. The combined value of India's top 75 most valuable brands reached $450.5 billion, a 19% increase from the previous year. Tata Consultancy Services (TCS) retained its top position with a brand value of $49.7 billion. The automotive and financial services sectors also saw significant growth. However, larger brands are facing the challenge of declining demand if they fail to adapt to changing consumer expectations.
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Fired Americans say Indian firm gave their jobs to H-1B visa holders
Livemint
·
1y ago
Medial
A group of American professionals has accused Indian outsourcing giant Tata Consultancy Services (TCS) of firing them and replacing them with Indian workers on H-1B visas. The American workers have filed complaints with the Equal Employment Opportunity Commission, alleging that TCS illegally discriminated against them based on race and age. TCS denies the allegations, stating that they have been an equal opportunity employer. The complaints raise concerns about how Indian IT companies utilize H-1B visas, which have long sparked worries about displacing American workers with cheaper foreign labor. The EEOC has yet to comment on the matter.
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Why Zuck, Ivanka Trump and the world's rich and famous are flocking to a lavish party in India
Business Insider
·
1y ago
Medial
US business leaders like Bill Gates, Mark Zuckerberg, and Sundar Pichai have been invited to a pre-wedding party in India hosted by Mukesh Ambani, Asia's richest person. The event highlights India's growing importance to foreign companies and Ambani's influence as a key partner. Ambani's stake in Reliance Industries and his control over domestic commerce make him an attractive ally for Western companies seeking access to the Indian market. India's large population, rise in middle-class consumers, and technological advancements have made it a lucrative opportunity for companies like Apple, Netflix, Amazon, and Microsoft. The Ambani pre-wedding event establishes a platform for networking, deal discussions, and forging partnerships in the Indian market.
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Amazon hit with US labor board complaint over 'joint employment' of drivers
Economic Times
·
10m ago
Medial
- Amazon has been accused by the National Labor Relations Board (NLRB) of illegally refusing to bargain with a union representing drivers employed by a contractor, Battle Tested Strategies (BTS). - The NLRB claims that Amazon is considered a joint employer of the drivers employed by BTS and used illegal tactics to discourage union activities at a facility in Palmdale, California. - BTS drivers voted to join the International Brotherhood of Teamsters union, becoming the first Amazon delivery contractors to unionize. - The NLRB states that Amazon broke the law by terminating its contract with BTS after the drivers unionized, without first bargaining with the Teamsters. - Amazon argues that it does not have enough control over drivers' working conditions to be considered their joint employer. - The case will be heard by an administrative judge in Los Angeles, with an initial hearing scheduled for next March.
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Nvidia Tops Microsoft as World’s Most Valuable Company with $3.45 trillion Market Cap
OutlookIndia
·
1m ago
Medial
Nvidia recently surpassed Microsoft to become the world's most valuable company, achieving a market capitalization of $3.45 trillion. This was fueled by a 24% stock rise in one month and a robust performance, with quarterly revenues growing 69% to $44.06 billion and earnings per share at $0.96. Nvidia’s attractive valuation is highlighted by its low PEG ratio of under 0.9, the lowest among major tech giants, signifying strong potential relative to its growth.
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