‘Pre pack resolution process has some serious pitfalls’

Financial institutions may forfeit the ‘golden hours’ available for putting the entity back on track, says Bijoy Pulipra

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Infosys lays off hundreds after failing internal assessments in Mysuru

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Hundreds of campus recruits who joined Infosys in October 2024 are being forced to resign after failing three consecutive evaluation tests at the IT giant’s Mysuru campus.  Nascent Information Technology Employees Senate (NITES) president Harpreet Singh Saluja was quoted by the Deccan Herald (DH) saying that the number of employees being laid off is around 700, although Infosys admits the figure to be around 300.  According to the Economic Times , 400 employees were called in batches and asked to resign on February 7. The employees were reportedly asked to walk off with a month’s salary and access to some courses otherwise they would be terminated making it difficult for them to be hired anywhere else. Also Read Infosys co-founder, 17 others booked for caste discrimination against Dalit professor Bouncers deployed to intimate the employees Bouncers and security personnel were deployed to intimidate the employees and they were also asked to keep their mobiles and lap...
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Congress groomed me not to sit at home: Shivakumar

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Greater Bengaluru Committee proposes seven municipal corporations

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Bengaluru: The select committee on Greater Bengaluru—tasked with restructuring the city’s municipal agency—submitted its report to Karnataka Assembly Speaker U T Khader on Monday. Headed by Shivajinagar MLA Rizwan Arshad, the committee held several meetings with various stakeholders, including the city’s MLAs, MPs and senior administrative officials. Arshad, along with committee members MLAs S T Somashekar, A C Srinivasa, B Shivanna, and Priyakrishna, submitted the report to Khader. Based on the report, the Greater Bengaluru Administration Bill will be drafted and presented in the Assembly. The final Greater Bengaluru Governance Bill, prepared concerning the administration of Bengaluru, was submitted to the Speaker of the Legislative Assembly, Shri U.T. Khader, in the presence of the members of the Greater Bengaluru Governance Bill Joint select Committee. pic.twitter.com/D4nQeTMKB8 — Rizwan Arshad (@ArshadRizwan) February 24, 2025 According to sources, the report recommend...
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