TCS won’t layoff employees

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⭐TCS won’t layoff employees

The management of the IT giant has said that it won’t be laying off employees, according to reports. This comes at a time when global tech companies are cutting jobs amid fears of a slowdown. The management reportedly indicated that it would be announcing hikes, which would be similar to last year.    

⭐ Sun Pharma buys minority stakes 

The pharma company has said that it will acquire minority stakes in Agatsa Software (an early-stage digital diagnostic devices company) and Remidio Innovative Solutions (provides innovative products enabling early detection of eye diseases). The two acquisitions will be for around ₹180 crore. 

⭐ FIIs make a comeback  

Foreign institutional investors (FII) bought shares worth around ₹7,600 crore on a net basis last week. This comes after the net FII outflow of ₹3,920 crore between 7 and 12 February. Experts attributed this to India’s stable economy, strong macro conditions, and the possibility of higher economic growth. 

Global markets (at 9:15 AM today)

Fact of the day

In 1986, tech giant Apple forayed into the apparel space, launching a clothing line called "The Apple Collection". 

Source: Business Insider