Snehal khanna Blog

Offices of Namadhu MGR, Jaya TV and Jazz Cinemas, residence of Sasikala's husband Natarajan also raided LATEST NEWS  : Income-tax officials have been raiding homes and companies belonging to the jailed All India Anna Dravida Munnetra Kazhagam (AIADMK) leader VK Sasikala and her relatives, including TTV Dhinakaran. Both Sasikala and Dhinakaran are rivals to the ruling AIADMK faction. The raid started at 6 am this morning across 160 places in Tamil Nadu, besides Bengaluru, Puducherry and Delhi. These places included former Jayalalithaa's house at Poes Garden, Dhinakran's house at Adyar and residence of other leaders, their relatives and party functionaries, in addition to the offices of Jaya TV as well as Jaya TV's top official and management houses. Among the companies being raided are the AIADMK mouthpiece Namadhu MGR, Jaya TV and Jazz Cinemas. Dhinakaran's faction alleged that this is a personal revenge against him. They also alleged that rulin...

Analysts say the move is both soothing and disconcerting         The annual appraisal at  Cognizant   Technology Solutions this month came as a surprise to many. Not only was their performance under greater scrutiny, but at the end of the review process, as many as 10,000 employees are expected to be laid off. Many of them will lose their job to automation. Like others in the industry, Cognizant, too, has been trying to reinvent itself and focus on high-end projects that require specialised skills as traditional offshore contracts shrink. The Nasdaq-listed solutions provider has 262,200 employees, and, according to sources in the company, up to 2.5 per cent could lose their job, although employees think the number could be higher. Cognizant has been under pressure from investors to shore up margins. Investors want to see the company boost profitability, deliver growth and return cash to shareholders. Last month, Cognizant reached an agreement...