Daily Archives: March 21, 2019
Sources told TOI that software developers, quality assurance and documentation professionals were impacted by the layoffs. “Some employees were asked to come for the meeting with their laptops, an indication that they would be asked to surrender their laptop and sign off,” said a source on condition of anonymity.
The overall exposure of debt MFs to NBFCs stood at Rs 2.2 lakh crore in February, a drop of Rs 45,386 crore since July 2018 when the liquidity stress first emerged. The share of NBFCs in allocations by debt MFs has reduced to 15.6% in February from 19% in July last year.
The tech park, Global Village, is a 4-million-sqft tenanted office space located on a 120-acre campus. It counts Accenture and Mphasis among its tenants, besides having the headquarters of embattled IT company Mindtree. Coffee baron Siddhartha, who sold his 20.4% stake in Mindtree to L&T last week, is selling the tech park Global Village, located off Mysore Road, to pare his ballooning debt. TOI first reported on the deal talks in its January 24 edition.