TMS Ep468: TCS bribes-for-job, UCC, Markets with UR Bhat, data scraping
Listen now
Description
Tata Consultancy Services or TCS -- as we know it – has been hit by a job scam. It has fired six employees after it was found that they received favours from staffing firms to recruit temporary employees. Six staffing firms too have been banned for the alleged wrongdoing, which Chairman N Chandrasekaran described as painful. So exactly what happened at India’s top IT company? And what can be done to prevent its recurrence?  India’s IT bellwether, in the meantime, is busy giving final touches to its Q1FY24 results. And some reports suggest that it may announce share buyback too with its financial numbers in a few days from now. Moving on, the decades-old debate around implementation of Uniform Civil Code has resurfaced. The BJP-led government has been advocating uniformity in laws governing divorce, succession, inheritance and adoption. It was one of its major poll promises too. So now, when Prime Minister Narendra Modi has made a strong pitch for it and the 22nd law commission is seeking views on it, we ask if India is ready for a UCC?  Unperturbed by political discourse, the country’s benchmark indices are charting growth stories. The Sensex and Nifty have scaled new highs on the back of strong FII flows. In the last one month, the Sensex has surged over 2,000 points and breached the 65,000 mark on Monday, July 3. The Nifty50, on the other hand, has hit the 19,300 mark for the first time ever. So, how sustainable is this rally? Which sectors and stocks still offer some headroom? Puneet Wadhwa spoke with U R Bhat, co-founder and director, Alphaniti Fintech to know his views On Tuesday, the markets will look at global cues for direction. Some profit booking due to the sharp run up cannot be ruled out. Meanwhile, with Elon Musk at the helm, Twitter has become an interesting space to watch. In a social media post, Musk said last week that Twitter has applied temporary reading limits to address “extreme levels” of data scraping. But what is data scraping? Lets find out in this episode of the podcast. 
More Episodes
One of the hallmarks of reform is that it reduces, or even eliminates long queues. Goods and services tax or GST - which marked six years of its birth on July 1 - cut the serpentine queues of trucks at check posts dotting the country’s state borders. After the inevitable teething troubles, GST...
Published 07/06/23
Published 07/06/23
Mukesh Ambani’s 2016 foray into telecom had upended dynamics of the sector. A brutal price war unleashed with the introduction of Reliance Jio had pushed carriers like Bharti Airtel, Idea Cellular and Vodafone India against the wall. Today, Jio is India’s largest telco with a wireless subscriber...
Published 07/05/23