Infosys may face a class action suit, the highest-ranked colleges, and more top news
The news professionals are talking about now, curated by LinkedIn’s editors. Join the conversation on today's stories in the comments.
Infosys has hired law firm Shardul Amarchand Mangaldas & Co to investigate a whistleblower complaint of corporate misgovernance and financial fudging against CEO Salil Parekh. The IT major’s audit committee is also examining the charges in consultation with its external auditor Ernst & Young, chairman Nandan Nilekani said. Meanwhile, The Rosen Law Firm is planning to file a class action suit against Infosys to recover damages incurred by shareholders after the allegations surfaced. Yesterday, Infosys' shares tanked nearly 17% on Indian bourses, wiping out investor wealth worth ?53,000 crore. Join the conversation.
IIT Bombay is India’s highest-ranked institute, according to the QS Indian University Rankings. India’s premier engineering colleges dominate the list: the IITs in Delhi, Madras, Kharagpur, Kanpur, Roorkee and Guwahati feature in the top 10 too. IISc (2nd), University of Delhi (7th) and University of Hyderabad (8th) also find a place in the rankings, determined by indicators such as academic reputation, employer reputation and faculty-student ratio. The government had recently directed the IITs to develop an action plan to improve their global rankings: Only IIT-Bombay, IIT-Delhi and IISc featured in QS World University Rankings 2020. Join the conversation.
Dewan Housing Finance (DHFL) diverted ?20,000 crore to private entities controlled by its promoters, Moneylife reports, citing the findings of a forensic audit conducted by KPMG. Banks may push for a change in DHFL’s management if the new details are proven true, Livemint reports. The findings could also endanger the company's proposed debt restructuring plan. In January, DHFL CMD Kapil Wadhawan and his brother Dheeraj were accused of siphoning off ?31,000 crore through shell companies. DHFL has a debt of ?83,873 crore and 45% of it is owed to banks. Join the conversation.
Delhi has become the first Asian city to get Uber Transit, the ride-sharing major's public transport offering. Uber has partnered with Delhi Metro Rail Corporation to provide real-time metro and bus schedules, along with walking directions for metro stations and bus stops. News reports say the new feature, a likely alternative to Google Maps, could be a precursor to launching Uber Bus (its shuttle service) in India. Transit is currently operational across select metro stations, but Uber said it would eventually cover all 210 stops in the NCR region. Join the conversation.
A ban on accessing work emails out of office hours could do more harm than good to employee mental health, a new study suggests. Research by the University of Sussex found that such a ban could improve certain people's stress levels by helping them switch off, but others would be prevented from achieving their work goals, resulting in even more stress and anxiety. HR body the CIPD told the BBC that employers should ensure that if people are accessing emails out of hours they are doing so because it suits them, not because they feel they have to. Join the conversation.
Idea of the day: It’s important to have friends at work, says Aaron Hurst, founder of the Imperative & Taproot Foundation.
“Relationships are also vital to retain employees, something that is becoming harder and harder to do… people are 60% more inclined to stay at a company if they have more friends. Friends bind us.”
What's your take on today’s stories? Share your thoughts in the comments.
PhD | Isometric Science | IIM | Ethical Capitalist | Climate Change
5 年Really surprised and disappointed to see IISC down the line.
CEO Zams Services( HR/ Financial / Hospitality / Real estates .
5 年Delhi has become the first Asian city to get Uber Transit,? MY CONGRATS TO UBER TRANSIT? FOR? BRINGING? QUALITY CHANGES? IN THE LIVES OF PEOPLE ACROSS INDIA, REAL FOCUS BEING ON CUSTOMER'S DELIGHT. NO WONDER UBER HAS BECOME THE FIRST CHOICE OF THE? PUBLIC. THEIR BUSINESS STRATEGY IS? WORTH BENCH MARKING.
CEO Zams Services( HR/ Financial / Hospitality / Real estates .
5 年Infosys has hired law firm Shardul Amarchand Mangaldas & Co? Gone are days when honesty used be the? best policy. NOW IT IS DEAD AND GONE . It has become? a fashion to resort to dishonest means to achieve ones' goal in life ; be it politicians, business tycoons, saints. THERE IS FAMOUS SAYING IN URDU- EIK HAMAM MEIN SAB NAGGE HAIN!!! WHY THIS FALL BECAUSE WE SAID GOOD BYE TO ETHICS AND MORAL LONG AGO IN OUR GREED.A SERIOUS LACUNA IN? OUR UPBRINGINGS. BY SOWING CACTUS ONE CAN'T EXPECT ROSES!!!
Full-stack Content Marketer | Helping B2C brands drive more leads, conversions and revenues through effective content strategies | Social Media, Event Marketing, Campaign Management
5 年Uber Transit appears to be a good option to plan your trip from Point A to Point B. But by not ending the service there and providing additional services in the form of directions, schedules and routes of metro, it would allow Uber to build recall and increase app usage. Tracking user metrics like distance travelled, busiest hours etc. would become easier as well.