Latest news with #Govil
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Business Standard
17-07-2025
- Business
- Business Standard
Wipro yet to decide on salary hikes, cites weak demand environment
Wipro is yet to take a decision on employee salary hikes, and any revision will depend on the demand environment, Chief Human Resources Officer Saurabh Govil said. Last year, salary hikes were implemented from 1 September. Indian IT services companies have been cautious with salary revisions and payment of variable components due to uncertain business conditions, accentuated by the tariff war and geopolitical upheavals. Tata Consultancy Services (TCS) has yet to provide salary increments to its more than 600,000 employees and is uncertain about doing so this fiscal—a rare move for the company. The company's total headcount dropped by 114 to 233,232 as of 30 June, as softness in hiring continued due to a weak macroeconomic environment, project uncertainties and slower ramp-up of engagements. Voluntary attrition inched up sequentially to 15.1 per cent, rising 100 basis points from 14.1 per cent a year earlier. Utilisation, excluding trainees, stood at 85 per cent. Govil added that attrition is expected to come down and still remains within a comfortable range. 'There are certain pockets of high attrition which include high and niche skills, GCCs and start-ups. We are doing everything we can to contain it.' The company said it added about 10,000–12,000 engineers from colleges last fiscal. However, it declined to comment on hiring targets for the current fiscal, as most companies remain cautious. 'It will be based on demand and the macro environment,' Govil said.
Hans India
12-07-2025
- Business
- Hans India
AP leads the way in simplification of laws
Vijayawada: Andhra Pradesh is leading the way in legal reforms aimed at deregulation and compliance reduction, aligning state laws with national standards to enhance ease of trade and improve public service delivery. At a key meeting held at the Secretariat on Friday, Union secretary (Coordination) of the Cabinet Secretariat and head of the Task Force Committee on Deregulation and Compliance Reduction, Manoj Govil, commended Andhra Pradesh for its proactive efforts. He noted that the state is at the forefront in updating, amending, and simplifying outdated laws to align with the Central government's framework. These measures, he said, are part of a broader national push to reduce regulatory burdens and ensure laws better serve citizens and businesses. Govil stressed the need for full adoption of the National Building Code and urged states to implement stringent fire safety standards in high-rise structures. He added that such compliance reforms, when implemented effectively, will directly benefit citizens and entrepreneurs alike. Chief secretary K Vijayanand said that the state has already initiated significant legal changes under the Central government's Jan Vishwas Act, aimed at trust-based governance. As part of this effort, 76 state laws have been reviewed and simplified — including 18 from the excise department, 19 from mines and geology, 21 from labour, factories and boilers, four from the cooperative department, and three from the energy department. He also noted that the state is embracing technology to streamline governance. Through initiatives like WhatsApp Governance, Andhra Pradesh has made 520 citizen services available online, ensuring faster, more accessible public service delivery. Efforts are ongoing to digitally integrate all departments. Senior officials, including special chief secretary G Anantha Ramu, principal secretaries Kumar Vishwajith and S Suresh Kumar, Secretaries Dr N Yuvaraj and Pratibha Devi, fire services director Murali and Central and state officials took part in the discussions. •State is aligning laws with national standards as part of ease of trade
India Gazette
10-07-2025
- Politics
- India Gazette
"It's our right to know": BJP MP Arun Govil backs UP Govt's nameplate rule for Kanwar Yatra route
Hapur (Uttar Pradesh) [India], July 10 (ANI): Amid the ongoing controversy over displaying shop owners' information along the Kanwar route, BJP MP Arun Govil supported the Uttar Pradesh government, saying that what problem should anyone have in telling their name and giving other details. Speaking to ANI in Hapur, Govil said, 'What problem should anyone have in telling their name and giving other details? The Kanwar Yatra is a religious ritual that must be performed according to specific rules and norms. It is our right to know where one can go.' Meanwhile, the Uttar Pradesh Police have deployed the Rapid Action Force (RAF), Quick Response Team (QRT), and Anti-Terror Squad to ensure the secure conduct of the Kanwar Yatra, which begins on July 11. According to the guidelines issued by Director General of Police (DGP) Rajiv Krishna, 587 Gazetted Officers, 2040 Inspectors, 13,520 Sub-Inspectors, 39,965 Head Constables and Constables, 1,486 Women Sub-Inspectors, 8,541 Women Head Constables and Constables, 50 Companies of Central Police Force and Pradeshik Armed Constabulary (PAC) and 1,424 Home Guards have been deployed. Arrangements are being made for 24/7 active patrolling. UP-112 personnel have been briefed in this regard, and their vehicles have been arranged. Local divers have been deployed on the banks of rivers and canals after proper briefing and training. Barricading and danger signs are also being put up on the banks of rivers. A total of 395 drones have been set up for the smooth conduct of the Yatra. The instructions have been given to make available the mobile numbers of all police officers and station in-charge, the traffic diversion scheme and other important information to the devotees through barcodes in newspaper advertisements, hoardings and social media. 1,845 water service centres, 829 medical camps, 1,222 police help centres and control rooms have been set up on the main Kanwar route. (ANI)
Yahoo
12-06-2025
- Business
- Yahoo
Keep Hundred free of England clash
Welsh Fire were valued at more than £80m, with Sanjay Govil agreeing a 50% stake [Getty Images] Keeping The Hundred free of clashes with England internationals is vital to the success of the competition, according to Welsh Fire investor Sanjay Govil. Govil, a billionaire American-Indian IT entrepreneur, has agreed to pay just over £40m for a 50% stake in the Fire. Advertisement While there would be an intention to keep a July-August window clear of international cricket, pinch points will arise because of the global calendar. That would potentially put the England and Wales Cricket Board (ECB) at odds with the eight investors who have pledged more than £500m to buy into the Hundred franchises. "We want to put out the best product and the best players," Govil told BBC Sport. "If they are playing Test cricket or something, we are not putting out the best product." Negotiations between investors and the ECB remain ongoing. Sales were agreed in February and an eight-week exclusivity period to complete the purchase was extended in March. None of the eight deals have yet been signed. Advertisement In a wide-ranging interview alongside Glamorgan chairman Mark Rhydderch-Roberts, Govil stated his preference for The Hundred to become a T20 competition and said there have been no discussions over aligning the branding of the Fire with Washington Freedom, the Major League Cricket Franchise he owns. Rhydderch-Roberts, whose county have entered a 50-50 partnership with Govil in the ownership of the Fire, said he was "convinced" Indian male players will eventually appear in The Hundred. On the schedule, tentative plans are in place up to the summer of 2031. Investors would want to keep The Hundred clear of internationals in order to maximise the competition's revenue and exposure – an aim shared by the ECB. Advertisement But even if the intention is to avoid schedule clashes, other factors are at play, like the availability of opponents or global tournaments. This is particularly problematic when cricket returns to the Olympics in 2028 and in 2030, when England hosts the men's T20 World Cup. In odd-numbered years, England host marquee five-Test series against Australia or India. These will continue to be held in June and July, before The Hundred. Still, this year the fifth Test against India is not scheduled to end until the day before The Hundred begins, meaning some England players will miss out. Captain Ben Stokes has already announced he will skip the entire competition. His Northern Superchargers were bought outright by the owners of Indian Premier League side Sunrisers Hyderabad. Advertisement It is likely next summer's late-season Test series against Pakistan will begin immediately after The Hundred ends. Although the ECB has sold stakes in the Hundred teams, it has retained ownership of the competition itself, meaning the governing body will have final say on any change of format. However, Govil said he and other investors have a preference to change from the 100-ball format, an outlier in terms of the global landscape, to the widely played 20-over game. "The ones I have talked to, the answer is yes. Will it happen over time? I don't know," he said. "My personal opinion, the answer is yes, but I'm a small piece in this. Cricket involves a lot of strategy. We already have Test, one-day and T20 cricket." Advertisement With negotiations to complete the sales still continuing, it could be that they are signed before this season's competition begins. "I have no doubt it will be concluded," said Govil. "When you have multiple teams, multiple sets of lawyers, negotiating with one entity, it's a very, very complicated situation. "I think we are very, very close. The ECB has done a fantastic job in terms of getting to where we are." Rhydderch-Roberts said the ECB had conceded ground in order to get the deals done. One area of negotiation has been the sale of domestic TV rights for The Hundred, which will be offered up as part of a complete package for cricket in England and Wales when the current deal with Sky expires in 2028. Advertisement Rhydderch-Roberts clarified The Hundred TV rights will be "unbundled in due course". Govil added: "The fact The Hundred is a separate set of investors now, instead of doing some kind of revenue share, it's good to have an objective view where the TV contract for The Hundred is separated out. That's my personal position." Currently India's male players are not permitted to play franchise leagues outside of the country. Female players appear in overseas leagues, including The Hundred. In order to maximise overseas media rights, the presence of India's stars is likely to be a key component. Owners of IPL franchises have had a growing influence across the globe, buying stakes in multiple franchises. Four Hundred teams are receiving investment from IPL owners. Advertisement "With the four IPL owners in The Hundred, I am absolutely convinced Indian players will be released for The Hundred in due course," said Rhydderch-Roberts. "The whole game can grow by this. I think media revenues will go ballistic. The pie is going to get a lot bigger and we intend to have a bigger share of it." Throughout the sale process, there was a perception that the Fire may have been unfashionable and would struggle to attract significant investment. Ultimately, it fetched a similar sum to Trent Rockets and Birmingham Phoenix. "In the initial round of investor meetings there were 15 that had interest in Welsh Fire," said Rhydderch-Roberts. Advertisement "We felt we have an undervalued brand, we represent a nation and we have a stadium that is ripe for much greater development. Cardiff is the event city in the UK after London. It's the concentration of sport and entertainment that makes Cardiff incredibly interesting. "Watch this space. For Glamorgan, this enables us to invest in cricket in Wales. We now have more resource to do that. "Over time, Glamorgan and Welsh Fire can become more one. "This is our chance to take this to a different level, a global level. For Glamorgan, it is transformational."
Yahoo
09-06-2025
- Business
- Yahoo
Cricket-T20 can be US craze like yoga and Bollywood weddings
By Amlan Chakraborty (Reuters) -Indian-American businessman Sanjay Govil is convinced Twenty20 cricket can be the next big cultural import into the United States, following a trail blazed by yoga and Bollywood-style weddings. Previous investors have held similar dreams of breaking into the U.S. sports league market, only to be thwarted by the nation's obsession with baseball, basketball and American football. IT entrepreneur Govil, however, is confident that along with Microsoft's India-born CEO Satya Nadella and Silicon Valley's Anand Rajaraman and Venky Harinarayan he can embed the short, jazzy version of cricket deeply into the U.S. sporting landscape "T20 leagues are the future," Govil, who owns Washington Freedom, one of the six franchises in the Major League Cricket (MLC), told Reuters. "Like Yoga, like Bollywood weddings, things from India and it's crazy here. "People here just love Indian wedding. When we have weddings in hotels, people just stop and watch. It's a spectacle, right?" Although cricket originated in England, India is now its financial engine with a cash cow in named the Indian Premier League (IPL) T20 competition, which has a brand value of $12 billion. IPL franchises with deep pockets also own teams in leagues in England, South Africa, United Arab Emirates, West Indies and the United States. The U.S. featured in the first international cricket match, against Canada, in New York in 1844, but cricket remains very much a niche sport in the country. RAISED PROFILE The introduction of the MLC in 2023 and staging matches in last year's T20 World Cup have raised the game's profile. Cricket returning to Olympics after a gap of 128 years at the 2028 Los Angeles Games will be "another big impetus", said Govil, who was born in Canada but grew up in New Delhi before moving to the U.S. Govil, who also owns 50% stake in the Welsh Fire franchise of The Hundred tournament in England, said MLC franchises learned a lot from their interaction with IPL counterparts. "One of the IPL owners came to my house and he educated me on how to build a team," he said. The presence of India's marquee players in the MLC would have been the icing on the cake but Govil respects the Indian board's policy of not allowing its players to take part in leagues abroad. "I'm sure they have some logic behind why they're doing what they're doing, and I respect that," he said. "I have to succeed in the cards which are dealt to me." Govil knows that cricket in the U.S. cannot rely only on the Indian market or south Asian diasporas in order to be successful. "We want to grow domestic talent. We cannot just rely on international players," he said. "We also have to create our own market here, because we cannot just rely on Indian eyeballs watching our matches." "We are in this for a long haul," Govil added. "We are making a lot of investments. We all have to have our own stadiums. "Once we have like eight or nine stadiums, that's when you're going to really see cricket growing in the U.S." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
