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- Tata nears iPhone plant takeover to grow Apple supply roleThe airline-to-software conglomerate has been in talks with the factory’s owner, Taiwan’s Wistron Corp., for months, and is looking to complete the purchase by the end of March, according to two people familiar with the process.
- Indian Railways may no longer be the lord of the rail in IndiaWith MoHUA anchoring an ever expanding metro rail network and the soonto-be launched regional rail, the Indian Railways is losing its monopoly on running trains in large parts of India. The trend will be more noticeable in the coming years as urban rail networks up to 100-150 km beyond city limits are being designed and implemented.
- International Holding Company, Gulf SWFs may go big on Adani Enterprises’ $2.5 billion FPOAdani Enterprises late November announced the initiation of a much-awaited follow-on public offer (FPO) to raise as much as ₹20,000 crore ($2.5 billion) from retail and institutional investors, riding piggyback on the meteoric 18-fold jump in its stock prices in the last five years. This will be the largest such issuance in India to date.
- TCS Q3 Results: Profit rises 4% QoQ to Rs 10,846 crore, misses estimates“We are pleased with our strong growth in a seasonally weak quarter, driven by cloud services, market share gains through vendor consolidation, and continued momentum in North America and UK,” said Rajesh Gopinathan, chief executive officer and managing director.
- TCS rolls out 100% variable pay for majority of the workforceThe Tata Group company awarded 100% variable pay for the second quarter of FY23 as well. The average payout for Infosys during the same quarter was 65%.
INFOCUS ON ET TODAY
Gig workers – those engaged in livelihoods outside the traditional employer-employee arrangement – are now popularly referred to as ‘platform-based’ workers. Platform workers are those whose work is based on online software apps or digital platforms. In 2023, the technology diffusion is expected to further fuel these tailwinds and enable the gig economy to grow manifold.