Posted on

TCS Q4 Results: 70% Divident for Shareholders -10% salary for employees

TCS depicts a typical company where no unions are present. While TCS is projecting that it is still comfortable  in terms of profits the company has shrewdly cut down the Variable Allowance components of employees.  TCS plays two different tunes to media and its internal circulation. While announcing a 70% divident for its shareholders (The big executives of TCS management have huge stockpile of the shares) , it has said in its internal memo the times are tough hence no VA.

This is whats called as double standard. Look at the measures TCS has undertaken in last few months before announcing quarter results.

 

* Canteen food prices increased by 40-60% and many cases the quality and quantity also has reduced.

* Doubled  office transportation prices (Office Bus)   Chennai employees pay at an average of Rs 2500 per month and the buses are not AC or even Deluxe. Reduced frequency. 

* No Night shuttle for workers in Night shifts.

* Switch off AC after 9 PM but 20% employees work after 9 PM shift with not even a fan.

Posted on

Infosys posts robust numbers for Q4 2008-2009

India’s No 2 IT biggie Infosys Technologies  posted a better than expected Q4 results for 2008-2009. The IT major rleased its Q4 results ahead of the market today morning giving fresh hope to investors. This quarter is expected to be tough for most of the IT companies as the global scenario reached its bottom in last few months.

Infosys reported a 29% growth over Q4 of 2007-2008 and a 5% drop in profits compared with Q3 of 2008-2009. It has reported Q4 net as Rs 5635 crores (1.127  billion dollars). Also Infosys gave a very moderate outlook for Q1 of 2009-2010 financial year.

 

110

Posted on

Reliance Netconnect Broadband and TATA Indicom’s photon should we buy them?

There is a lot of buzz about these two newly launched products from Reliance Infocomm and TATA Indicom, both promises speeds of upto 3.1 Mbps, and both claim this is the fastest broadband plan available in the country. And both claim they are better than any of their nearest rivals, so are all these claims true? Obviously as we know about these two brands not everything is true. Lets see how they fare in their promises.

Speed : 

Though both claim the speeds of upto 3.1 Mbps, TATA Indicom says the speed at anytime can be shared between upto 20 users basically bringing down the Minimum guaranteed speed to 150 Kbps, as same as the normal CDMA plan. . Also they mention the speed depends on time of day, coverage etc.

Atleast TATA Indicom had the coutrtesy to mention contention ratio but Reliance doesnt even mention the minimum guaranteed speed in their website. Even in their comparision chart they have mentioned average speed as 500 Kbps and have mentioned TATA indicom’s avg speed at 400kbps download.

Coverage :

TATA Indicom has extremely poor coverage and is available in Certain parts of Chennai,Bangalore,Mumbai,Jammu and Kashmir and North east. Call TATA Indicom customer care before opting for this as they havent provided any coverage map.

Reliance fares better in this covering 35 cities and covers most part of the cities like Mumbai, Delhi, Chennai, Hyderabad, Bangalore, Ahmadabad etc. Reliance claims to have 4200 towers capable of Wireless broadband and according to Reliance (yes as per reliance comparision chart) TATA Indicom has 300 photon enabled towers.  

So make sure your area is covered before making a jump into wireless broadband.

Truly unlimited ??

Though both these operators have unlimited plans with a price of above Rs.1000 none of them offers true unlimited plans. Both have fair usage policy limiting the usage at 10GB per month. After this 10GB every MB will be charged Rs 2 each. This basically does not allow a high speed connection to its fullest potential. If you stream videos from Youtube or Hulu probably you will fall shortof GB’s  within 10 days. So dont go for these connections till both operators make them “truly unlimited”

Pricing :

Both pricings are on similar lines , Reliance’s nationwide (or 35 cities) access with unlimited costs Rs 1750 whereas Tata’s unlimited (5 cities) costs Rs 1050