
TCS CEO's salary in focus amid mass layoff plan. Here's how much he earns
TCS, once seen as a job-safe haven similar to government jobs, is now facing public criticism for its mass layoff decision.CEO'S SALARY IN THE SPOTLIGHTThe company's layoff announcement has put a sharp focus on CEO K Krithivasan's earnings, especially during a time when thousands of employees are losing their jobs.As per a report by CNBC, Krithivasan took home Rs 26.52 crore in FY25. This includes Rs 1.39 crore as base salary, Rs 2.12 crore in benefits and allowances and Rs 23 crore as commission.The large gap between executive pay and employee cuts has led to a growing debate on corporate responsibility, especially at a time when the company is letting go of such a large number of staff.INDUSTRY TREND OR INTERNAL SHIFT?TCS is not alone in facing pressure. Many IT firms across India are cutting back on hiring and reassessing their teams. A report by The Economic Times showed that the top six IT companies added only 3,847 employees in the April–June 2025 quarter, a sharp drop of over 70% compared to the previous quarter.TCS said the layoffs are not linked to cost-cutting but are instead aimed at reshaping the organisation for the future. The rise of artificial intelligence (AI) and shifting client needs were also cited as reasons behind the move.SUPPORT FOR AFFECTED EMPLOYEESTo support affected employees, TCS has assured continued salary during the notice period, severance packages, extended health cover, and assistance in finding new job roles. The company also emphasised that it remains committed to business continuity and client service.As TCS reshapes its workforce for the future, questions over leadership pay and employee well-being continue to dominate discussions within India's tech corridors.- Ends

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Business Standard
12 minutes ago
- Business Standard
India's net GST revenue rises 1.7% to ₹1.68 trillion in July; refunds surge
India's net revenues from goods and services tax (GST) grew by a marginal 1.7 per cent in July to ₹1.68 trillion, thanks largely to a sharp spike in refunds even as gross collections from the indirect tax were up 7.5 per cent at almost ₹ 1.96 lakh crore. July's net GST kitty growth marks the slowest pace since last February from when disaggregated data on gross and net GST collections is available. In June, net GST revenues were up 3.3 per cent. Net revenues from domestic transactions, in fact, contracted 0.2 per cent in July, even though gross domestic revenues were up 6.7 per cent, as refunds for domestic transactions more than doubled to nearly ₹17,000 crore from under ₹8,000 crore in July 2024. GST refunds to exporters grew at a slower pace of 20 per cent and added up to a little over ₹10,000 crore, so net revenues from imports were up 7.5 per cent at ₹42,548 crore. Gross revenues from imports rose 9.7 per cent prior to refunds, to touch nearly ₹53,000 crore. 'Higher refunds on domestic supplies could be from excess tax payments, inverted duty structures, and other adjustments. The increased refunds should aid cash flows for businesses,' observed Abhishek Jain, indirect tax head and partner at KPMG. Sequentially, July's net GST collections, for transactions undertaken in June, were nearly 6 per cent higher than from ₹1.59 trillion reported in June. In May and April, the net GST receipts were registered at ₹1.73 trillion and ₹2.09 trillion respectively. In the first four months of financial year 2025-26, net GST revenues are up 8.4 per cent at ₹7.11 trillion, with domestic revenues rising 6.1 per cent to ₹5.6 trillion and import revenues surging 18.1 per cent to almost Rs. 1.51 trillion. Gross GST revenues, before effecting refunds, are up 10.7 per cent to ₹8.18 trillion, while refunds have risen 29 per cent to about ₹1.07 trillion. 'The growth in net monthly collection is only 1.7 per cent as against YTD (year-to-date) growth of 8.4 per cent, though partly attributed to significant increase in refunds,' said Pratik Jain, partner with Price Waterhouse & Co LLP. 'After a tepid growth in the previous month as well, the GST Council may like to discuss the possible measures to augment the revenues in the next meeting. With the GST Compensation Cess going away, the states may also be a bit more concerned about the slowdown in GST collections,' Jain remarked. MS Mani, partner at Deloitte India noted that though there has been a focus on domestic manufacturing and import substitution, the GST revenue numbers indicate that the gross GST domestic revenue risen only 9 per cent so far this year, while import revenues have risen 16 per cent. The spike in refunds augurs well for businesses as it signals quicker processing by the tax authorities, he said. Mani also pointed to the weak growth in revenues amongst large producing and consuming states — from 2 per cent for Delhi, 3 per cent for Gujarat, 4 per cent for Rajasthan, 6 per cent for Maharashtra, 7 per cent for Karnataka and Uttar Pradesh, and 8 per cent for Tamil Nadu. The state-wise data shows smaller states and Union Territories like Tripura (41 per cent), Andaman and Nicobar Islands (31 per cent), and Meghalaya (26 per cent) posted over 25 per cent growth in July. , Uttar Pradesh (7 per cent) reported single digit growth. Mizoram, Manipur and Lakshdweep clocked contractions of 21 per cent, 36 per cent and 52 per cent, respectively, as did Jammu and Kashmir (-5 per cent), Chhatisgarh (-4 per cent), and Jharkhand (-3 per cent).


Time of India
14 minutes ago
- Time of India
iQoo Neo 10 review: Mid-range gaming powerhouse
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But does it deliver where it counts? We spent some time with the top-end variant of the iQoo Neo 10 to find out. Design and Display The iQoo Neo 10 features a polycarbonate build that feels sturdy yet sleek and lightweight in hand. At 206g and just 8.09mm thick, it strikes a good balance between screen size and in-hand comfort, especially when held in landscape mode. The glossy rear panel avoided fingerprints but felt quite slippery. The dual-tone design and star-trail texture also give a gaming vibe. With a tall stance, flat edges and well-distributed weight, the iQoo Neo 10 has a decent in-hand feeling when held horizontally as well. The square-shaped rear camera module protrudes slightly, as we noticed some wobble when placing the phone on a flat surface. However, it stops if used with the bundled cover. The volume rockers and power button are located on the right spine, while the USB Type-C charging port, SIM slot, and speaker grille are all housed at the bottom. Additionally, the IP65 rating protects it from dust, splashes, and wet hands. Coming to the display, the 6.78-inch 1.5K AMOLED panel is a standout feature of the phone. With a peak brightness of 5500 nits and a 144Hz refresh rate, the screen looks vibrant and fluid, especially during gaming sessions. We never encountered any issues with the screen's readability, even in bright sunlight. Watching HDR content on Netflix and playing visually rich games like Asphalt or BGMI felt immersive, thanks to the screen's sharp resolution and deep contrast levels. With minimal bezels and a 93.4% screen-to-body ratio, the viewing experience is impressive. The 4320Hz PWM dimming also helps reduce eye strain during extended use. On the other hand, the Schott Xensation Up glass and cushion structure offers durable protection as the phone survived a drop from table height without any scratches. The fingerprint sensor is also quite responsive, as we didn't face any lag while unlocking the phone with it. Performance and Gaming Powered by the Snapdragon 8s Gen 4 chipset, the iQoo Neo 10 comes with up to 16GB LPDDR5X RAM and up to 512GB UFS 4.1 storage. The top variant that we tested felt snappy in day-to-day usage, with fluid switching between apps. Even during heavy multitasking, we didn't experience any noticeable slowdowns. Gaming is a core focus of this phone. We tested BGMI and Genshin Impact at maximum settings, and the phone, which also features a proprietary Q1 supercomputing chip, delivered consistent frame rates with minimal heat buildup. The 144Hz refresh rate and 360Hz touch sampling made fast-paced action feel precise and responsive. The phone also supports features like Game Super Resolution and 144FPS gaming for supported titles. The screen responsiveness helped us during some critical action sequences in games. The 7,000 mm square Vapour Chamber works effectively, as we didn't feel any heat or discomfort while holding the phone, even after long gaming sessions. This phone also features temperature sensors for improved heat dissipation and a Pyrolytic Graphite Sheet on components such as the front camera to maintain its coolness during extended video recording or live streaming. With the Android 15-based Funtouch OS 15, we were able to customise performance modes and manage background apps without any hiccups. The Game Mode also helped route resources for smoother gameplay and better notification management during sessions. The UI is clean and easy to navigate, but it comes with multiple pre-installed apps. iQoo has promised 3 years of OS and 4 years of security updates for this phone. The smartphone also covers all the basic AI features required for work, such as photo editing and productivity enhancements. AI tools like Circle to Search, AI Erase, Note Assist and Live Call Translation are all available on the phone. Now let's talk about the phone's default audio. It's loud and immersive. At night, while playing BGMI with surround sound enabled, enemy footsteps sounded remarkably clear, even without earbuds connected. The bass-heavy gunshots and spatial cues gave us a tactical edge and made every match more intense. Cameras The dual-camera setup on the rear includes a 50MP Sony IMX882 primary sensor with OIS and an 8MP ultra-wide lens. Photos taken during the day had good dynamic range and colour reproduction. In low-light situations, Night Mode stepped in to retain clarity, with slight levels of noise visible. Portrait mode offered decent edge detection, and the ultra-wide lens added versatility, though the details were slightly on the softer side. However, we missed a telephoto lens, which is now common in mid-range smartphones. Considering it is a gaming-focused device, this omission shouldn't be a deal-breaker. 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Time of India
19 minutes ago
- Time of India
Retd ACP duped of Rs 94L by ‘fake' investment firm
Berhampur: A retired assistant commissioner of police (ACP) from New Delhi and his family members were allegedly duped of around Rs 94 lakh after they invested in a private firm in silk city two years ago, which turned out to be fake. A case was registered against the firm's owner at Baidyanathpur police station on Thursday after K S N Subudhi, the retired ACP, filed a complaint. Subudhi, a resident of Ganesh Nagar here, invested around Rs 50 lakh in Nov 2023 after discussing it with his relatives, including his son, who had already invested Rs 43.99 lakh in the firm in 2022. Before investing the money he received after retirement, Subudhi visited the firm's office in Jyoti Nagar, and held a discussion with the owner. The firm's owner told Subudhi that they followed all the guidelines of Reserve Bank of India (RBI) and conducted financial transactions with several banks. He also requested Subudhi to invest in the company to earn a commission. Immediately after his investment, Subudhi started receiving a weekly commission after the deduction of TDS for a few weeks. But the firm suddenly stopped paying commission, citing bank problems, and assured him that payments would resume after the issue was resolved. The accused assured Subudhi that all the deposits were safe. From Jan last year, Subudhi could not reach him on phone. The firm's owner also did not respond to his messages requesting the return of the money. After some days, Subudhi learned that the accused had fled to an unknown destination, siphoning off the money of all investors. As there was no response to his calls and messages, Subudhi realised that the firm's owner had cheated him and his family members of their hard-earned money, leading him to lodge a police complaint. SP (Berhampur) Saravana Vivek M said that earlier they had registered at least five cheating cases against the accused in different police stations. In one case, one of his associates was arrested. Several attempts have been made to arrest him, but he managed to escape. "Search efforts have been intensified to nab the accused," he added.