Author: galen.nongmaithem

The European Union’s (EU) move to regulate 19 tech giants under the Digital Services Act (DSA) has raised concerns in the industry, particularly for smaller players who may face higher compliance costs. The 19 companies include Google, Facebook, Amazon, and Apple, among others. These companies have a significant market presence, with billions of users worldwide. According to the DSA, it is required these companies to share data with authorities and researchers, conduct independent auditing, and do more to tackle disinformation, give more protection and choice to users, and ensure stronger protection for children. Non-compliance with these rules may lead to…

Corporate Social Responsibility (CSR) spending in the Northeast region of India was not as generous in the fiscal year 2021-2022 as it has been in the past. The Northeast received just a 7.7% share of CSR funding, the second-lowest figure since mandatory CSR spending became a requirement in 2014-2015. At its peak in 2016-2017, the region received 10.1% of funding. Image:- Manipur hosts first ever CSR conclave of the North East Companies are required to spend 2% of their profits on CSR projects, with spending in Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, and Tripura included in the analysis.…

With the threat of an upcoming recession, Walt Disney draws first blood in the entertainment industry The Walt Disney Company is set to reduce its workforce by several thousand next week, with around 15% of the staff in its entertainment division set to be affected. The cuts will be felt across the company, including in TV, film, theme parks, and corporate positions, and are expected to hit every region where Disney operates. Employees will begin to be notified from 24 April, although the company has so far declined to comment on the situation. This move comes as part of a…

Gautam Adani’s ambitious plans for rapid expansion seem to be backfiring as the firm’s debt soars upto 21% The Adani Group, one of India’s largest conglomerates, saw its debt pile up by almost 21% over the past year. According to data seen by Bloomberg, nearly a third of the group’s borrowings were with global international banks at the end of March, a category that didn’t feature on the Adani Group’s list of creditors seven years ago. The calculated ratio of net debt to earnings before interest, tax, depreciation, and amortization, also called (EBITDA) was about 3.2 in the 2024 fiscal…

Sounds like its about time the Indian tech giants go for the long-awaited salary hikes Tata Consultancy Services (TCS), the largest IT company in India, is reportedly offering a 12-15% salary hike to its top-performing employees in an effort to retain them. This move, coupled with the slowdown in the job market, is expected to decrease the company’s attrition rate from 20% to 13-14% in the second half of the current fiscal year. salary hikes -TCS has been grappling with high attrition rates, as IT services companies poached employees to meet their growth needs when businesses reopened post-pandemic. In the…