Bihar: TCS launches new Centre in Patna | WeForNews | Latest News, Blogs Bihar: TCS launches new Centre in Patna – WeForNews | Latest News, Blogs
Connect with us

Business

Bihar: TCS launches new Centre in Patna

Published

on

While major software service companies, are laying off their employees, Tata Consultancy Services is setting new heights in country by launching its maiden Business Process Outsourcing (BPO) centre in Patna under the India BPO Promotion Scheme (IBPS).

The centre was inaugurated by Union Electronics and Information Technology  Minister Ravi Shankar Prasad on Thursday.

While inaugurating a 1,000-seat centre, Prasad said “It is a big day for Bihar and a historical day, the TCS has come to Patna. I am emotional today as Patna is my hometown.”

TCS has opened the new centre in view to provide more than 3,000 job opportunities in the state capital.

TCS’s CEO and Managing Director Rajesh Gopinathan and top company officials were also present during Inauguration ceremony.

He further added “”It is a mission statement that TCS has come, it will empower Bihar and it will generate new hope among boys and girls.”

Union Minister also revealed  that BPOs are coming up in three towns of Bihar including Patna, Muzaffarpur and Dalsinghsarai. “Six BPOs will be set up in Patna alone and initially one each in Muzaffarpur and Dalsinghsarai.”

Not only this , he also announced that ministry has allotted 46,000 BPO seats across the country under the India BPO Scheme (IBS), under which 4,600 seats have been allocated  to Bihar.

TCS , CEO  Rajesh Gopinathan said, “The launch of the new centre in Patna is aligned with the government’s ambitious IBPS scheme, aimed at creating thousands of new jobs driven by technology and taking the IT revolution beyond the metros.”

 

 

Business

Aditya Birla Group to donate Rs 500 cr to fight COVID-19

Published

on

By

coronavirus cases

Mumbai, April 3 (IANS) Aditya Birla Group on Friday said that it is committed to contribute Rs 500 crore to various COVID-19 relief measures.

Accordingly, the Group is committed to contribute Rs 400 crores to the PM-CARES Fund, while it has already provided a grant of Rs 50 crore to FICCI-Aditya Birla CSR Centre for Excellence for COVID-19 relief measures.

The group has also allocated Rs 50 crore towards supply of one million N95 masks, 280,000 personal protective equipment (PPE), as well as ventilators.

“Commenced production of one million triple layer surgical masks and one lakh overall garments with the support of the Textiles Ministry,” the group said in a statement.

Continue Reading

Business

US economy to decline by 7% in Q2: Report

Published

on

Economy

Washington, April 3 : The US Congressional Budget Office (CBO) has estimated that the country’s GDP will decline by more than 7 per cent in the second quarter due to the coronavirus pandemic, its said in a report.

If that happened, the decline in the annualized growth rate reported by the Bureau of Economic Analysis would be about four times larger and would exceed 28 per cent, Xinhua news agency quoted the CBO as saying in the report on Thursday.

The unemployment rate was also expected to exceed 10 per cent during the second quarter, the CBO said, in part reflecting the 3.3 million unemployment insurance claims reported last week and the 6.6 million new claims reported earlier on Thursday.

The newly released number of weekly claims was about 10 times larger than it had been in any single week during the recession from 2007 to 2009, the CBO noted.

As the novel coronavirus continues to sweep across the country, some 40 states have ordered residents to stay at home unless necessary, including the hardest-hit New York, New Jersey, Michigan, California, and Louisiana.

Non-essential businesses, such as theatres, museums, gyms, and shopping malls were largely shutdown, and restaurants and bars asked to close to in-person dining, effectively paralyzing the consumption-driven US economy.

The CBO report also noted that interest rates on 10-year Treasury notes were expected to be below 1 percent during the second quarter as a result of the Federal Reserve’s actions and market conditions.

CBO’s economic projections, especially for later periods, were highly uncertain at this time, it added.

The US currently has the highest number of cases in the world at 245,213, with 5,983 fatalities.

Continue Reading

Business

US stocks end higher amid rallying energy shares

The number of confirmed COVID-19 cases worldwide has risen above 1 million, according to the new tally from Johns Hopkins University on Thursday afternoon.

Published

on

By

us stock

New York, April 3 : US equities finished Thursday’s session higher, underpinned by solid gains in energy shares.

The Dow Jones Industrial Average jumped 469.93 points, or 2.24 per cent, to 21,413.44. The S&P 500 was up 56.40 points, or 2.28 per cent, to 2,526.90. The Nasdaq Composite Index rose 126.73 points, or 1.72 per cent, to 7,487.31, Xinhua reported.

All the 11 primary S&P 500 sectors climbed, with energy up 9.08 per cent at the close, outpacing the rest.

Energy shares advanced broadly, bolstered by regained optimism about a possible production cut deal between world’s major oil producers.

Thursday’s market rally came despite data showing a shocking number of Americans applied for unemployment benefits amid the COVID-19 crisis.

In the week ending March 28, US initial jobless claims, a rough way to measure layoffs, hit 6,648,000, an increase of 3,341,000 from the previous week’s revised level, the Bureau of Labor Statistics reported Thursday.

The reading easily topped the 3.3 million initial jobless claims announced last Thursday, which at the time was the largest number ever recorded.

“Bear in mind, many people likely tried to file but could not due to overloaded systems,” Chris Low, chief economist at FHN Financial, said in a note on Thursday, while commenting on the unprecedented weekly jobless claims.

The number of confirmed COVID-19 cases worldwide has risen above 1 million, according to the new tally from Johns Hopkins University on Thursday afternoon.

The US has reported the most cases, which have surpassed 236,000, along with 5,648 deaths, showed the tally updated by the university’s Center for Systems Science and Engineering.

Continue Reading
Advertisement

Most Popular