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Showing posts with label tcs. Show all posts
Showing posts with label tcs. Show all posts

Friday 2 November 2012

Would Major IT Companies honour all campus offers ? Due to Global Recession in IT Industry all Major IT Companies Like Infosys, TCS, Wipro, Micosoft, Yahoo are considering Deferment of Joining dates of All Campus Recruits.

 Due to Global Recession in IT Industry all Major IT Companies Like Infosys, TCS, Wipro, Micosoft, Yahoo are considering Deferment of Joining dates of All Campus Recruits. 

Falling margins and an unplanned salary increase have pushed Infosys to embark on a major austerity drive. The details are not clear yet, but it certainly includes a freeze on business class air travel and deferment of joining dates of 17,000 campus recruits.

The IT major's CEO, S D Shibulal, has sent a mail to employees saying that the company's expenditure for the year had risen too high on account of its Lodestone acquisition and salary increase. The mail goes on to say that the cost-cutting measures would be implemented in a phased manner.

A company spokesperson said, "In a tough business environment, Infosys has decided to take certain cost optimization measures. These are necessary for the company to continue making strategic investments and afford the rollout of the compensation increase."

The joining dates for campus recruits have been deferred for three months from the date of joining that was communicated to them previously. Several people tweeted that their joining dates had been extended to February; some said April.

The Infosys spokesperson said the company would honour all campus offers. The company has introduced an online training programme to keep these new hires engaged till they formally start work. "The completion of this training will not only give these recruits a headstart in their career with Infosys, but also reduce their planned six months training programme at our Mysore campus by up to two months," the spokesperson said.

Anticipating a bevy of queries from thousands of campus recruits for specifics around the deferred joining dates, Infosys has set up an exclusive online chat line. "This will help us address additional queries from them and also help them gather details about our online training programme. This will be in addition to our personal communication and addressing queries through emails," the company said.

There's also a freeze on long-haul business class air travel by its senior executives, including the CEO. "Business class is a privilege available to senior leaders in the company for long haul travel. In our drive to optimize travel costs, the senior leadership has decided to lead by example and forgo this privilege," the company said.

Infosys's operating margin has been dropping consistently for several quarters now. In the quarter ended December 2011, it had a 31.2% operating margin, but this was down at 26.34% in the last quarter. The September quarter alone saw a surprisingly sharp fall of 166 basis points. The salary increase of 6% announced last month, which many believe was done under pressure because rivals had given increments earlier in the year, will increase margin pressures in the coming quarters. Infosys normally announces salary increases in April, but this year it did not do so citing uncertain business conditions.

By Capt Shekhar Gupta
              Maani Sharma [ MBA Aviation ]

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Saturday 25 August 2012

A 30 year-old Tata Consultancy Services, TCS software engineer landed behind bars

Why women Employees of TCS, Infosys, Wipro  becoming Corrupt ?

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A 30-year-old TCS software engineer landed behind bars on Wednesday for helping a friend swindle Rs 49 lakh from customers of a private bank in the city. Working for TCS eServe, which handled the back-end operations of Citibank, she had access to sensitive information of account holders, police said.

Accused Pratiksha used her access to the account details to change the addresses of two customers. This misguided the bank to send credit and debit cards to the new addresses, where proxies received them. They used the cards to purchase goods and withdraw money. The bank found some discrepancies and informed the software company, which later found that the data had been accessed from Pratiksha's computer.

Based on the complaint of a senior TCS official, bank fraud wing sleuths of the Central Crime Branch nabbed the woman from her house in Ashok Nagar.

During interrogation she confessed to having committed the offence.

Police are now on the lookout for Pratiksha's accomplices.

Investigating officers said Pratiksha had been working in the company for seven years after completing her master's in computer application.

According to the police, she was coerced into the crime by a friend who was in dire need of money.

Pratiksha got married a few months ago, and her husband is also a software professional.

She identified some bank accounts lying inactive for more than a year and changed the addresses of the account holders. She then sent requests for credit and debit cards to the bank, as if the customers were doing it.

Pratiyusha's friend collected the documents sent by the bank after waiting near the fake addresses they had entered in the bank accounts. "Her friend is absconding. The friend used the cards and made online transfer to make Rs 49 lakh," a police officer said. The bank officials felt suspicious at one point and verified with the customer who said he had not made any requests or transactions for a while. Later, they came to know someone had manipulated the bank accounts at the back end.

A TCS eServe spokesman said the employee has been suspended. "Preliminary investigations have shown that an employee of TCS eServe, in the process of providing services to one of our clients, undertook some fraudulent transactions pertaining to two customer accounts of the client. As per policy, we have reported the incident to the police, suspended the employee and are working with authorities to complete the investigations, after which further action will be taken. The incident is an isolated one and on the instructions of our client, balances have been restored," he said.

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