Tag: employees

This firm gifts iPads to over 21K employees to celebrate $1 bn revenue mark

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New Delhi: Global IT solutions provider Coforge (formerly NIIT Technologies) surpassed $1 billion (over Rs 8,014 crore) in revenue in FY23, registering PAT at Rs 8,117 million (Rs 811 crore), up 22.7 per cent (on-year), it announced on Thursday.
The company also announced to gift an Apple iPad to each of its more than 21,000 employees to celebrate the milestone.
The revenue for the March quarter (Q4 FY23) was $264.4 million (Rs 2,170 crore), with PAT at Rs 232 crore for the January-March period.

“We believe that our performance during the quarter was marked by two key achievements. The first was a quarterly sequential US$ growth of 5 per cent. The second major landmark has been the firm crossing the $1 billion revenue mark. Our performance heading in to FY24 sets us up well to deliver robust growth,” said Sudhir Singh, CEO, Coforge.
For FY24, the firm issued an annual revenue growth guidance of 13-16 per cent in constant currency terms, expects a gross margin increase of about 50 bps and adjusted EBITDA margin to be at similar levels as FY23.
The Board has recommended an interim dividend of Rs 19 per share, and the record date for this payout will be May 9, 2023.
Coforge leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients. The firm has a presence in 21 countries with 25 delivery centers across nine countries.

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#firm #gifts #iPads #21K #employees #celebrate #revenue #mark
( With inputs from www.siasat.com )

April 27, 2023
Lt Governor inaugurates newly constructed 224 residential transit accommodations for PM Package employees at Odina Bandipora

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Sincere efforts are being made to fulfil the commitment of Govt of India and to provide residential accommodations to all employees by next year: LG Sinha
Bandipora, April 27 (GNS): Lieutenant Governor Shri Manoj Sinha inaugurated the newly constructed 224 residential transit accommodations for PM Package employees, today at Odina Bandipora.
On the occasion, the Lt Governor said that the sincere efforts are being made to fulfil the commitment of Government of India and to provide residential accommodations to all employees by next year.
Replying to a question on the revival and promotion of Jammu Kashmir as preferred Film-shooting destination, the Lt Governor said the golden era of 80s is making a comeback to the valley.
Last year, more than 300 movies were filmed in J&K. More film-makers are coming to Jammu Kashmir will strengthen the economy, provide employment and livelihood opportunities to locals and bring prosperity, he added.
Dr Arun Kumar Mehta, Chief Secretary and other senior officials, besides PRI members and large number of people were present.(GNS)
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#Governor #inaugurates #newly #constructed #residential #transit #accommodations #Package #employees #Odina #Bandipora

( With inputs from : thegnskashmir.com )

April 27, 2023
Amazon shuts down health-focused Halo division, lays off employees

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New Delhi: Amazon has shuttered its health-focused Halo division and discontinued Halo Band, Halo View, and Halo Rise devices which are no longer available on its website. The company has also laid off employees from the Halo team.
The company said in a blog post late on Wednesday that beginning on August 1, Amazon Halo devices, and the Amazon Halo app, will no longer function.
“We recently made the very difficult decision to stop supporting Amazon Halo effective July 31, 2023. We notified impacted employees in the US and Canada today. In other regions, we are following local processes, which may include time for consultation with employee representative bodies and possibly result in longer timelines to communicate with impacted employees,” said Amazon.

For employees who are impacted by this decision, Amazon is providing packages that include a separation payment, transitional health insurance benefits, and external job placement support.
In the coming weeks, Amazon will fully refund purchases made in the preceding 12 months of Amazon Halo View, Amazon Halo Band, Amazon Halo Rise, and Amazon Halo accessory bands.
“In addition, any unused prepaid Halo subscriptions fees will be refunded to your original payment method. If you have a paid subscription, as of today you will no longer be charged the monthly subscription fee. You do not need to take any additional steps,” said the e-commerce giant.
Amazon launched the original Halo Band in 2020.
The company said it encourages users to recycle Amazon Halo devices and accessories through the Amazon Recycling Programme.

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#Amazon #shuts #healthfocused #Halo #division #lays #employees
( With inputs from www.siasat.com )

April 27, 2023
LG Sinha Unveils 576 New Homes For PM Package Employees

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SRINAGAR: Lieutenant Governor Manoj Sinha inaugurated 576 newly constructed residential accommodations for PM Package Employees today in Baramulla, Bandipora, Ganderbal, and Shopian.
“Today’s inauguration is a testimony to our commitment to create adequate facilities for a future of prosperity and dignity for employees,” said the Lieutenant Governor. He also mentioned the government’s sensitivity to the issues of Kashmiri migrant families and their pain, and that they are working with the right intent to complete the construction of residential accommodations on priority.
The administration has taken various initiatives to expedite the construction of housing units for PM Package employees, and 2000 more flats will be completed by December 2023, according to the Lt Governor. He highlighted the remarkable progress in various sectors, including industries, empowerment of citizens, and building a competitive economy and inclusive society. The Lt Governor also emphasized the role of the young generation in building a stronger, prosperous, and more dynamic J&K.
The Lt Governor spoke on the progressive reforms introduced to boost infrastructure, employment generation, and ease of living in the UT. He mentioned that both domestic and foreign companies are willing to invest in J&K, and there are more than 1.25 lakh crore rupees worth of highways and tunnel projects going on in the UT.
Safina Baig, DDC Chairperson, Baramulla, mentioned in her address that the Transit Accommodations will give a boost to communal harmony and brotherhood in Kashmir. Dr Arun Kumar Mehta, Chief Secretary, highlighted the efforts of the administration in the timely completion of the residential accommodations for PM Package Employees. Senior officers from Civil Administration and Police, PRI members, and prominent citizens were present on the occasion.

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#Sinha #Unveils #Homes #Package #Employees
( With inputs from : kashmirlife.net )

April 26, 2023
Lt Governor inaugurates newly constructed 576 residential accommodations for PM Package Employees at Baramulla, Bandipora, Gande

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Today’s inauguration is a testimony to our commitment to create adequate facilities for a future of prosperity & dignity of Employees: LG Sinha
Baramulla, April 26 (GNS): Lieutenant Governor Shri Manoj Sinha inaugurated newly constructed 576 residential accommodations for PM Package Employees today at Baramulla, Bandipora, Ganderbal & Shopian.
“Today’s inauguration is a testimony to our commitment to create adequate facilities for a future of prosperity & dignity of Employees,” said the Lt Governor.
The Lt Governor said the Government is sensitive to the issues of the Kashmiri migrant families. We understand their pain and working with the right intent to complete the construction of residential accommodations on priority.
The administration has taken various initiatives to expedite the process of construction of housing units for PM Package employees and 2000 more flats will be completed by December 2023, he added.
The Lt Governor highlighted the remarkable progress in various sectors including industries, empowerment of citizens and building competitive economy & inclusive society.
“Our young generation is our greatest asset and they should take the lead to build a stronger, prosperous and a more dynamic J&K,” said the Lt Governor.
Some vested interest spoiled the generations, separated your own brothers from you. Come forward and say that what had happened was wrong and now we won’t let it happen to anyone, he added.

The Lt Governor also spoke on progressive reforms introduced to boost infrastructure, employment generation and ease of living in the UT.
Today, the domestic and foreign companies are willing to invest in J&K. More than 1.25 lakh crore rupees worth highways and tunnel projects are going on in the UT. Increased flight operations in both Jammu & Srinagar airports, improved road and rail connectivity have brought J&K closer to the world, he added.
The Lt Governor also shared the key initiatives taken to tap the growth potential of various priority sectors, extending handholding to budding entrepreneurs, creating large self-employment opportunities, and ensuring fast track & transparent recruitments.
Ms. Safina Baig, DDC Chairperson, Baramulla, in her address, said the Transit Accommodations will give a boost to the communal harmony and brotherhood in Kashmir.
Dr Arun Kumar Mehta, Chief Secretary highlighted the efforts of the administration in the timely completion of the residential accommodations for PM Package Employees.
Senior officers from Civil Administration & Police, PRI members and prominent citizens were present on the occasion.(GNS)
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#Governor #inaugurates #newly #constructed #residential #accommodations #Package #Employees #Baramulla #Bandipora #Gande
( With inputs from : thegnskashmir.com )

April 26, 2023
Lt Governor inaugurates newly constructed 576 residential accommodations for PM Package Employees at Baramulla, Bandipora, Gande

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BARAMULLA, APRIL 26: Lieutenant Governor Manoj Sinha inaugurated newly constructed 576 residential accommodations for PM Package Employees today at Baramulla, Bandipora, Ganderbal & Shopian.
“Today’s inauguration is a testimony to our commitment to create adequate facilities for a future of prosperity & dignity of Employees,” said the Lt Governor.
The Lt Governor said the Government is sensitive to the issues of the Kashmiri migrant families. We understand their pain and working with the right intent to complete the construction of residential accommodations on priority.
The administration has taken various initiatives to expedite the process of construction of housing units for PM Package employees and 2000 more flats will be completed by December 2023, he added.
The Lt Governor highlighted the remarkable progress in various sectors including industries, empowerment of citizens and building competitive economy & inclusive society.
“Our young generation is our greatest asset and they should take the lead to build a stronger, prosperous and a more dynamic J&K,” said the Lt Governor.
Some vested interest spoiled the generations, separated your own brothers from you. Come forward and say that what had happened was wrong and now we won’t let it happen to anyone, he added.
The Lt Governor also spoke on progressive reforms introduced to boost infrastructure, employment generation and ease of living in the UT.

Today, the domestic and foreign companies are willing to invest in J&K. More than 1.25 lakh crore rupees worth highways and tunnel projects are going on in the UT. Increased flight operations in both Jammu & Srinagar airports, improved road and rail connectivity have brought J&K closer to the world, he added.
The Lt Governor also shared the key initiatives taken to tap the growth potential of various priority sectors, extending handholding to budding entrepreneurs, creating large self-employment opportunities, and ensuring fast track & transparent recruitments.
Ms. Safina Baig, DDC Chairperson, Baramulla, in her address, said the Transit Accommodations will give a boost to the communal harmony and brotherhood in Kashmir.
Dr Arun Kumar Mehta, Chief Secretary highlighted the efforts of the administration in the timely completion of the residential accommodations for PM Package Employees.
Senior officers from Civil Administration & Police, PRI members and prominent citizens were present on the occasion.
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#Governor #inaugurates #newly #constructed #residential #accommodations #Package #Employees #Baramulla #Bandipora #Gande
( With inputs from : roshankashmir.net )

April 26, 2023
Three ARTO Employees Disengaged From Services On Corruption Charges

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SRINAGAR: The Jammu and Kashmir administration on Wednesday ordered disengagement of three employees of ARTO Sopore on charges of corruption.
An order issued by the Transport commissioner, read that In view of the recommendations made by the ARTO Baramulla conveyed by the RTO Kashmir vide No. RTOK/Estt/615-17dated 19-04-2023, the following consolidated workers are hereby disengaged with immediate effect.
The employees were identified as Aijaz Ahmed Mir, Farooq Ahmed Wagay and Mohammad Ashraf Dar.
Notably,three employees (consolidated) at ARTO office Sopore were arrested for taking bribe from the public visiting the office for obtaining Driving License, NOC, Registration of vehicles.

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#ARTO #Employees #Disengaged #Services #Corruption #Charges
( With inputs from : kashmirlife.net )

April 26, 2023
IBM’s Red Hat to lay off about 760 employees globally

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New Delhi: Open source solution provider Red Hat will lay off nearly 4 per cent of its global workforce, or about 760 employees, the media reported on Monday.
The North Carolina-based software major has about 19,000 employees across the world.
According to The Herald Sun, Red Hat CEO Matt Hicks called the job cuts “a decision our leadership team was truly hoping we could avoid”.

“This decision is now appropriate to ensure Red Hat’s ability to compete in a new environment,” he was quoted as saying.
IBM acquired Red Hat in 2019 for nearly $34 billion in one of the largest software acquisitions in history.
In an email to employees, Hicks said the cuts “will focus on general and administrative” positions, and not affect positions “directing selling to customers or building out products”.
He said employees in some countries would be notified of layoffs on Monday, while others would be told over the course of the current fiscal quarter.
Earlier this year, IBM confirmed it planned to lay off around 3,900 employees from its global 260,000 workforce.

The IBM layoffs are a result of the spinoff of IT infrastructure services provider Kyndryl business and part of the AI unit called ‘Watson Health’.
The layoffs were likely to cause a charge of $300 million in the January-March period to the company, according to IBM Chief Financial Officer James Kavanaugh.
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#IBMs #Red #Hat #lay #employees #globally
( With inputs from www.siasat.com )

April 24, 2023
Lenovo begins laying off employees as PC biz takes a beating

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New Delhi: Global technology brand Lenovo has reportedly started laying off employees, as its PC business suffers significantly amid economic downturn.
According to a report in CRN, the job cuts at Levono are “part of a roughly $115 million cost-cutting plan”.
Lenovo CEO Yang Yuanqing had informed in February about a coming “workforce adjustment” as part of a broader reduction in spending.

The company had about 75,000 employees at the end of its 2022 fiscal year.
“Like our CEO Yuanqing Yang said at our most recent quarterly earnings announcement, we are reducing operational expenses and making workforce adjustments where necessary and appropriate,” a company spokesperson said in a statement.
“We continue to invest in the areas that accelerate growth and the overall transformation of the company,” the spokesperson told WRAL TechWire.
A “severe downturn” in the PC and smartphone markets caused the company’s revenue to drop 24 per cent (year-on-year) to $15.3 billion and net income to $437 million in the quarter ended December 31.
The company had hinted at the job cuts in future as part of the overall cost reduction.

Lenovo CFO Wong Wai Ming had blamed the downturn on a “confluence of global economic challenges and dynamic shifts in market demand”.
In the March quarter (Q1 2023), weak demand, excess inventory and a worsening macroeconomic climate resulted in the global shipments of traditional PCs recording 56.9 million, a huge 29 per cent drop compared to the same quarter last year, according to the International Data Corporation (IDC).
Lenovo led the global PC market with 22.4 per cent market share, followed by HP Inc at 21.1 per cent and Dell Technologies at 16.7 per cent.
According to the report, the pause in growth and demand is also giving the supply chain some room to make changes as many factories begin to explore production options outside China.
If recession in key markets drags into next year, recovery could be a slog.
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#Lenovo #begins #laying #employees #biz #takes #beating
( With inputs from www.siasat.com )

April 24, 2023
8th Pay Commission: Government’s big decision! Now Pensioners and employees will get benefit – Kashmir News

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8th Pay Commission Latest News: There is great news for central employees. If you also do a job, then a big update is coming out on the 8th Pay Commission from the government .
Recently, the government has increased the dearness allowance of the central government employees, after which the salary of the employees has increased significantly. Now in the month of July, the government will once again increase the DA. According to media reports, the government may soon constitute a new pay commission and in this the salary of the employees will increase by more than 44 percent.
The recommendations of the 7th Pay Commission for central employees are applicable across the country and the employees are also getting its benefits. However, the employees complain that they are getting less salary than what was recommended for them. Employees unions say that they are preparing a memorandum in this regard, which will soon be submitted to the government. According to the recommendations in this memorandum, there will be a demand to increase the salary or bring 8th Pay Commission.
Pensioners and employees will get benefit
Lakhs of central employees of the country are demanding to bring the 8th Pay Commission. At this time, once again the discussion regarding the 8th Pay Commission has become very intense across the country. This will benefit lakhs of employees and pensioners of the country.
Bhagwat Karad had mentioned in the Parliament
Union Minister of State for Finance Bhagwat Karad had discussed about the Eighth Pay Commission in the Parliament. The news is coming that after the Lok Sabha elections, the 8th Pay Commission will be discussed and it will be implemented. At the same time, the calculation will be done on the basis of the previous pay commission.
New Pay Commission may be constituted in 2024 It is believed that the government may constitute a new Pay Commission at the end of the year 2024 and it can be implemented in the year 2026. If this happens, there will be the biggest increase in the salary of central employees. There can be huge changes in this as compared to the 7th Pay Commission. Let us tell you that after about 10 years, a change is made in the Pay Commission.
Minimum salary can be up to 26 thousand rupees
According to the affiliate website Zee Business, central employees’ organizations say that at present the minimum wage limit has been kept at Rs 18 thousand. In this, a lot of prominence has been given to the fitment factor in the increment. At present, this factor is 2.57 times, although in the 7th Pay Commission it has been recommended to keep it up to 3.68 times. If this happens, then the minimum wage of the employees will increase from Rs 18 thousand to Rs 26 thousand.
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#8th #Pay #Commission #Governments #big #decision #Pensioners #employees #benefit #Kashmir #News
( With inputs from : kashmirnews.in )

April 21, 2023