Tag: Industry Analysis

Tech giant Google to promote fewer employees to senior roles

Tech giant Google has informed its employees via an email that fewer of them will be promoted to more senior levels this year as compared to the past.

“The process is manager-led and will be largely similar to last year — though with our slower pace of hiring, we are planning for fewer promotions into L6 and above than when Google was growing quickly,” the tech giant said in an email that was viewed by CNBC.

The L6 distinction refers to the first layer of the workforce which is considered senior and normally consists of people with roughly ten years of experience.

The tech giant said it will be promoting fewer people to senior roles “to ensure that the number of Googlers in more senior and leadership roles grows in proportion to the growth of the company.”

“If your manager believes that you are ready to be promoted, they will nominate you,” it added.

The company said in the email that employees in technical roles who wish to “self-nominate” themselves will have a “short window of time” between March 6 to March 8 to do

Industry Management

by Norma March 9, 2023

chip shortage: Dutch government to restrict sales of

THE HAGUE, Netherlands (AP) — The Dutch government announced Wednesday that it is planning on imposing additional restrictions on the export of machines that make advanced processor chips, joining a U.S. push that aims at limiting China’s access to materials used to make such chips.

Dutch Minister for Foreign Trade and Development Cooperation Liesje Schreinemacher sent a letter to lawmakers outlining the proposed limitations, which come in addition to existing export controls on semiconductor technology.

“In view of technological developments and geopolitical context, the government has come to the conclusion that it is necessary for (inter)national security to extend the existing export control of specific semiconductor production equipment,” she wrote.

Prime Minister Mark Rutte visited U.S. President Joe Biden in January for talks on advanced chip machines made by Dutch company ASML and other topics.

The Biden administration in October imposed export controls to limit China’s access to advanced chips, which it says can be used to make weapons, commit human rights abuses and improve the speed and accuracy of its military logistics. It urged allies like Japan and the Netherlands to follow suit.

China has criticized the moves as violations of market principles in international trade.

The Biden administration

Industry Sector

by Norma March 9, 2023

load shedding news: Take proactive actions, ensure no load

The government has asked power companies to ensure that there is no load shedding during the summer season and urged all stakeholders to take proactive actions to meet the rising electricity demand. Union Power Minister R K Singh chaired a review meeting on March 7, with senior officials from Power, Coal and Railways ministries on various aspects in a bid to meet high electricity demand in the ensuing summer months.

During the meeting, Singh asked power companies to ensure that there is no load-shedding during the summer months, a power ministry statement said.

He asked all stakeholders to closely monitor the situation and take proactive actions to meet the electricity demand during the coming months.

He also asked the Central Electricity Authority to ensure that a fair and transparent mechanism is devised for allocation of coal to various States/UTs.

As per estimates of the Central Electricity Authority, the peak electricity demand is expected to be 229 GW during April this year. The demand then tapers off as monsoon season picks up from the southern part of the country and covers the whole country over the next 3-4 months, it said.

With GDP growing at close to 7 per cent, the

Industry

by Norma March 9, 2023

shubhangi atre: Actress Shubhangi Atre separates from

Popular television actress Shubhangi Atre, who is widely recognized for her role in the popular sitcom “Bhabiji Ghar Par Hai,” has recently confirmed that she has separated from her husband, Piyush Poorey.

In 2003, Shubhangi Atre and Piyush Poorey exchanged marital vows in Indore, and the couple had a daughter named Ashi. After the marriage, the couple relocated to Mumbai, which gave a kick start to Shubhangi’s acting aspirations, and her husband Piyush, who is involved in digital marketing, has been extremely supportive of her career endeavours.

However, after 19 years of marriage, they are separated from each other. Speaking to the media, Shubhangi revealed that, despite their best efforts, they were unable to reconcile their disagreements and ended their marriage.

She stated that they have been living separately for more than a year and that she understands that mutual respect, trust, companionship, and friendship are necessary for a strong marriage. She added that after things didn’t work out, they gave each other space so that they could concentrate on their own personal and professional lives.

Shubhangi acknowledged that choosing this path was not simple. She said that while her family is usually her top concern, there are occasions when

Industry Accounting

by Norma March 9, 2023

Tata Motors shares zoom 300% in three years; can they hit Rs

Shares of Tata Motors Ltd have risen over four times in the last three years, delivering multibagger returns for investors who placed their bets ahead of announcement of the 21-day lockdown by PM Narendra Modi on March 24, 2020. The lockdown, which was announced to curtail the rising number of Covid-19 cases, saw the stock falling to Rs 68.6 level on March 24, 2020. On March 9 that year, Tata Motors shares closed at Rs 105.8 level against Rs 433 today, delivering 309.26% returns to investors during the last three years.

At 1:04 pm today, the Tata Motors stock was trading at Rs 433, down 1.13 per cent against the previous close of Rs 439.45 on BSE.

Market cap of the firm stood at Rs 1.44 lakh crore. Tata Motors stock has gained 12 per cent this year and risen 7 per cent in 2023. Tata Motors stock hit a 52-week low of Rs 366.05 on May 12, 2022 and a 52 week high of Rs 494.50 on August 17, 2022.

In terms of technicals, the relative strength index (RSI) of Tata Motors stands at 56, signaling it’s trading neither in the overbought nor in the oversold zone. Tata Motors

Industry Analysis

by Norma March 9, 2023

Musk engages in heated exchange with ex-Twitter employee;

Elon Musk, chief executive officer (CEO) of Twitter, and Haraldur Thorleifsson, a former employee, have been engaged in a war of words on the microblogging platform. It started when Thorleifsson shared a post on Twitter seeking clarity on whether the company had fired him.

Soon, Musk replied with mocking replies and talked about the former employee’s disability on the platform openly. Musk has, however, now apologised for his behaviour.

It started with Thorleifsson’s tweet, which said, “9 days ago, the access to my work computer was cut, along with about 200 other Twitter employees. However, your head of HR is not able to confirm if I am an employee or now. You have not answered my emails. Maybe if enough people retweet, you’ll answer me here?”

To this, Musk replied, “What work have you been doing?”. Thorleifsson then listed his job profile, but Musk continued posing questions to the replies. When another user, Alex Cohen, shared the thread on his Twitter handle, Musk wrote, “The reality is that this guy (who is independently wealthy) did no actual work, claimed as his excuse that he had a disability that

Industry Management

by Norma March 8, 2023