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Know How IT Behemoth Planning a Return to Office

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India’s biggest IT service provider  Tata Consultancy Services is gearing up to call back its employees to office by the end of this year or by the starting of the next year 2022. The IT conglomerate is expecting almost 70-80 per cent of its total workforce to start working from the office. But the multinational company has a long term strategy in the form of 25*25 model in which the company will let 25 per cent of its total workforce to work remotely. In the list of the companies calling employees back to office, Wipro, TCS, HCL Tech are some names who all are preparing to resume work from office. For the smooth and safe transition from the concept of work from home to work from office, the company is leaving no stone unturned and has put in all sorts of methods and models to ensure safety of an employee.

“We expect that sometime towards the end of the calendar year or early next year, and depending on how this third wave turns out, we will get back to 70-80 per cent (of the people) in the office,” TCS CEO Rajesh Gopinathan told the Economic Times.

In order to have a smooth transition, the company has adopted TCS Safe Workplace method which ensures a smooth workplace transition by monitoring the key criteria that assure a safe and secure workplace, and productive environment. It helps minimize the complexities involved in redefining safety protocols to maintain social distancing. Equipped with an overarching deployment methodology and a strong integration layer, the solution offers end-to-end services across advisory, design, implementation and support. This method assesses the readiness of employees, workplace environment and the workforce model by evaluating various factors that ensure a stable workplace for employees. It includes a set of apps and a dashboard that supports collecting feedback, automates return to work processes, including contract tracing, shift management, and workspace planning. It also ensures that the business runs seamlessly during the transition.

Simply put, TCS Safe Workplace creates a command center based on a single source of truth to monitor key requirements — from self-attestation to contact tracing for employee well-being, and from communications for awareness creation to grievance resolution management. By identifying pandemic zonal hotspots and enabling fact-based decision-making, an organization can also proactively adapt its operations to avoid issues that may affect business as usual.

However, TCS envisions a hybrid model of work where only 25 per cent of its staff will work from the office by 2025. Through this, the company is aiming to utilise the vacant real estate space to house its laboratories and Research and Development (R&D) facilities, besides using it as modern-day workplaces for its employees.

Tata Consultancy Services, crossed $200 billion in market capitalisation last week as investors backed technology service providers who are growing their business helping the digital transformation of global businesses. Reliance Industries is the most valuable Indian company with a market cap of over $205 billion.

Also, reaching another milestone, this year in July, TCS had declared that it has over 5 lakh employees while announcing the financial results for the first quarter of FY22. The IT behemoth reported a profit of Rs 9,008 crore in Q1 of FY22, up 28.5 per cent year-on-year. Its workforce rose 17.3 per cent year-on-year and came to 5,09,058. TCS has nearly 15 per cent share in India’s $150 billion software exports and employs approximately one-tenth of India’s 4.6 million IT workforce. Tata Consultancy Services, has signed a Memorandum of Understanding with KINFRA, Kochi for an investment of Rs. 690 crores.

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BJP plans grand welcome for PM Modi after his 3-day visit to US

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The Bharatiya Janata Party (BJP) is set to accord a grand welcome to Prime Minister Narendra Modi in the national capital on Sunday after his return from a successful visit to the US.


Prime Minister Modi, who is returning from his three-day landmark visit to the US, will be greeted in the national capital by thousands of his supporters and workers from the party with dhols and nagadas.





To welcome the Prime Minister, Delhi BJP president Adesh Gupta, seven members of the Parliament from Delhi, mayors of three BJP ruled municipal corporations, members of NDMC and senior party functionaries will also be present.


Speaking to ANI, the Delhi BJP president Gupta said that all MPs have been asked to reach the technical area of the airport where a stage has been set up.


“A big stage has been set up for the Prime Minister to come and accept the welcome from people. The garland to welcome his successful visit is specially curated with flowers from different regions of the country. There would be close to 100 dhols and nagaras from different states to welcome PM Modi,” stated Gupta.


A stretch of 1.5 kilometres has been decked up for Prime Minister’s arrival.


PM Modi is expected to arrive in the national capital around 10 am today after his visit to the US. Through the welcome meet, the party aims to thank the prime minister for his successful visit to the US to keep India’s strategic and national interest in front of the world.


The Prime Minister, during his three days visit to the US, held a bilateral meeting with US President Joe Biden and participated in the first-ever in-person Quad leaders summit after the COVID-19 pandemic. He also addressed the UNGA during the visit.

(Only the headline and picture of this report may have been reworked by the PRESS24 NEWS staff; the rest of the content is auto-generated from a syndicated feed.)

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Fighting rivals, Netflix changes plotline with Seinfeld and Stranger Things

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“WandaVision,” “The White Lotus” and “Ted Lasso” rank among the buzziest streaming hits of this year. Something else they have in common: None of them were on Netflix.


Covid-related delays made for a light roster of 2021 shows at the streaming giant, just as competitors such as Disney+ and HBO Max from AT&T Inc. have been gaining a foothold in the market.


A strong content slate is vital to fueling subscriber growth, which investors watch closely. Shares of Netflix Inc. are up just 9.6% this year, trailing the S&P 500’s 19% gain, amid disappointing user growth. But on Saturday, Netflix held its first-ever Global Fan Event with a sneak peek of its upcoming films and TV shows. It’s an opportunity to prove it has the content it needs to drive a surge in new users, even as the battle for viewers and their wallets escalates.


“Netflix is now recognizing the competition,” said Ross Gerber, chief executive officer of Gerber Kawasaki Wealth & Investment Management, which has over $2 billion in assets and owns Netflix shares. “They’ve never had to market like, ‘Our shows are better than the other shows’ because they always had the best shows.”


Consumers decide which streaming services to subscribe to based primarily on the shows and movies they offer, as well as their price point, said Mario Stefanidis, vice president of research at Roundhill Investments. Netflix shares — included in Roundhill’s Streaming Services & Technology ETF (SUBZ) — have surged 15% in the past six weeks largely because of its release schedule.


The 1990s sitcom “Seinfeld” will make its long-awaited debut on Oct. 1. The company bought the works of Roald Dahl, the author of “Charlie and the Chocolate Factory.” And in a virtual event on Saturday, Netflix previewed more than 100 movies and series, including “Stranger Things” and “Bridgerton.” Also on the slate: “Tiger King 2” and a fourth season of “Ozark.”


“It gets in people’s minds when the next season of their favorite show is coming,” Macquarie analyst Tim Nollen said. “That’s good for branding and good for awareness — good for subs, ultimately.”


The importance of new content was on display earlier this week when shares of Walt Disney Co. tumbled after Chief Executive Officer Bob Chapek said the persistence of the Covid-19 delta variant had created additional movie and TV production delays. That means subscriber growth may be slower than expected, Chapek said.



After the runup in shares since mid-August, Netflix’s valuation is around the priciest level in five months. The stock has traded at a forward price-to-earnings ratio of about 48 since the start of the month, which is the highest since April. Still, it’s well below the five-year average.


Gerber of Gerber Kawasaki said the stock remains his top streaming pick, but he isn’t adding to his firm’s position at these levels. He said Netflix is in a transition period as the company is valued more like a mature business and as it faces pressure from increasingly competitive streaming services and the resumption of in-person concerts and football games.


“That’s going to put pressure on the stock and the P-E ratio for the next year,” Gerber said. “But then when you go out a year from now, assuming we have a more normalized world again, Netflix is still the winner.”


Subscribers, Subscribers, Subscribers


When Netflix reports third-quarter results next month, the focus is expected to be the same as it always is.


“The No. 1 figure your eyes always set straight to is the sub numbers versus guidance,” Macquarie’s Nollen said.


In July, Netflix shocked analysts and investors by forecasting it would add just 3.5 million subscribers in the third quarter. However, analysts are slightly more optimistic, expecting the addition of 3.71 million users, according to data compiled by Bloomberg.

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PRESS24 NEWS has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

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Stocks shrug off hawkish Fed, Evergrande soars in China

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Trading was lively to say the least. European stocks were up for a third straight day and S&P futures pointed higher. Norway`s crown cheered its rate hike, whereas Turkey`s lira slumped as its central bank succumbed to months of pressure and cut


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