Business
Bridge collapse in Bihar: PIL moves Patna High Court for impartial investigation.
Patna: A PIL has been recorded in the Patna High Court looking for a free investigation into the breakdown of the Aguwani-Sultanganj span in Bihar’s Bhagalpur on Sunday.
The solicitor, Manibhushan Pratap Sengar, in his writ request, looked for a free test rather than a departmental request and activity against SP Singla Organization, engaged with the development of the extension.
The PIL likewise looked for recuperation of misfortunes of thousands of crores to the exchequer because of the breakdown of the extension.
As the legislative issues over the scaffold breakdown in Bihar picked up speed, state Pastor and Rashtriya Janata Dal (RJD) pioneer Tej Pratap Yadav denounced Bharatiya Janata Party (BJP) of crushing the extension.
“The scaffold has been destroyed by BJP. We are building the scaffold and they are destroying it,” Tej Pratap Yadav told columnists on Monday.
#WATCH | Under construction Aguwani-Sultanganj bridge in Bihar’s Bhagalpur collapses. The moment when bridge collapsed was caught on video by locals. This is the second time the bridge has collapsed. Further details awaited.
(Source: Video shot by locals) pic.twitter.com/a44D2RVQQO
— ANI (@ANI) June 4, 2023
Then again, BJP MP Ravi Shankar Prasad requested a review of all under-development spans in Bihar after the Aguwani-Sultanganj span breakdown.
Accusing the absence of reviews, Ravi Shankar Prasad on Monday said, “This is the subsequent time span has imploded, this is an intrigue, what was done when it fell the initial time, what moves were initiated against the organization that developed the extension? Nitish Kumar is caught up with joining Resistance, failing to remember Bihar. On the off chance that an extension succumbs to a subsequent time, it is an excuse to be stressing out… I trust that all scaffolds under development ought to be examined… “
Boss Clergyman Nitish Kumar requested a test into the breakdown of an under-development span in Bhagalpur and requested that the authorities distinguish those liable for the episode.
Nitish Kumar on Monday taught authorities to make a severe move against those liable for the “unfortunate development work” of the under-development span over Stream Ganga.
“The extension that fell yesterday had fallen last year too. I have taught the specialists worried to genuinely investigate the matter. It isn’t being developed accurately that is the reason it is falling over and over. The division will investigate it, I have educated authorities to visit the site and move will be made,” CM Nitish Kumar said on Monday.
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Business
TCS Witnesses First Net Headcount Drop in Two Decades
TCS Witnesses First Net Headcount Drop in Two Decades
On Friday, Tata Consultancy Services (TCS) disclosed that during the fiscal year 2023–24 (FY24), the company’s headcount decreased by 13,249 people (year over year). The top provider of IT software has seen a decline in personnel for the first time in 19 years.
601,546 people worked for the company at the end of FY24, according to TCS’s stock exchange filing. The top IT software company has experienced a decline in staff for the first time in 19 years.
As per TCS’s stock exchange statement, the company had 601,546 workers at the end of FY24. In the fourth quarter (Q4) of FY 2024, TCS experienced a 1,759 workforce reduction (January to March).
The company’s headcount has decreased for the third straight quarter with this one. There were 5,680 fewer employees in Q2 than there were in Q1 (quarter over quarter), and the corporation saw a net decline of 6,333 workers.
At Rs 12,434 crore for the January-March quarter of FY24, TCS recorded a 9% increase in net profit over the same time the previous year, when it was Rs 11,392 crore.
Also Read: India Emerges as Global Leader in Web3 Adoption with Over 1,000 Startups: Report
“Our delivery centers are much more lively, and the morale of our associates has increased due to the reduced attrition at 12.5%, the positive response to our campus hiring, the increased customer visits, and the employees returning to the office,” chief HR officer Milind Lakkad said in a statement. To Rs 61,237 crore during the quarter, the company’s revenue climbed by 3.5 percent.
Business
India Emerges as Global Leader in Web3 Adoption with Over 1,000 Startups: Report
India Emerges as Global Leader in Web3 Adoption with Over 1,000 Startups: Report
According to recent research released on Tuesday, India now boasts one of the biggest Web3 ecosystems globally, home to over 35 million merchants and over 1,000 firms.
Globally, the percentage of Blockchain developers in the nation climbed from 3% in 2018 to 12% last year, the highest percentage among emerging nations, according to a report by Web3 venture capital firm Hashed Emergent.
Tak Lee, CEO and Managing Partner of Hashed Emergent, stated, “The findings underscore India’s remarkable ascent in Web3 adoption and show that it is on a trajectory to become the global leader.”
Lee continued, “We think the regulatory environment is slowly changing in the right direction, but more beneficial regulatory developments are needed to spur growth.”
Out of more than 150 nations, India topped the list for on-chain usage in the previous year.
The Head of Web3 at KPMG in India, Krishna Tyagi, claims that “blockchains have enabled various innovative use cases such as DeFi, tokenization of real-world assets, self-sovereign identities, track and trace, etc., which were not possible earlier.”
Also Read: Report: Over 51% of Indians Utilize Untranslatable Words and Phrases in Their Language
Startups in India are receiving more funding in the Web3 subsectors of infrastructure, entertainment, and finance.
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