TCS Q4 Results April 19,2010 | TCS Salary Hike 2010
TCS Q4 US GAAP net profit at Rs 1,931 cr
TCS has announced its fourth quarter results. The company’s Q4 US GAAP net profit was at Rs 1,931 crore, quarter-on-quarter, QoQ.
Its Q4 US GAAP revenues were at Rs 7,737 crore, QoQ.
Its operating profit was up 1.88% at Rs 2,128 crore
TCS says
* Q4 gross employee additions at 16,851
* Q4 attrition rate at 11.8%
* Quarterly variable payout at 125%
* Cost cuts, treasury management helped improve margins
* Made 20,000 campus offers for FY11
* Won 10 large deals in Q4
* See tremendous momentum in all verticals
* BFSI, Retail, Life Science verticals leading growth
* See recovery in telecom, manufacturing verticals
Finally after a long silence period, Tata Consultancy Services (TCS) has announced its Q4 results date. TCS Q4 Results 2010 will be announced on April 19,2010. The board meeting of directors is scheduled on April 19, 2010 to approve and announce TCS Q4 Results 2010. The board will also announce a final dividend to its share holders.
You can get the results on your cell phones by sending a SMS ‘R TCS’ to 51818. It was rather a long wait to announce the date of quarterly results. Meanwhile TCS is all set to announce the salary hike. TCS Salary Hike 2010 seems to be a hot point of discussion in many forums as the company has about 1,44,000 employees in its payroll and plans to hire another 30,000 in FY11. Unlike many other software exporting companies TCS has not announced any salary hike to its employees in the last one year
As per some analysts TCS revenue for Q4 2010 will be somewhere around Rs 7870 crores and Profit of the company in Q4 2010 will be around Rs 1,870 crores.
FY10 YoY
TCS Salary Hike 2010 (TCS Salary Hike confirmed but not percentage): With 50.1 percent YOY and 9.7 percent QOY in the Q4 Result, TCS is now considering salary hike for its employees. According to TCS officials, they are now considering salary hike and the hikes in the salary may be implemented during financial ending March 2010. The actual hike percentage, however, has been decided yet.

The Tamil Nadu government Sunday announced huge increases in the salaries of its employees ranging between Rs.1,774 and Rs.7,300 per month.
The pay hike is expected to shoot up the government’s annual expenditure by Rs.5,155.79 crore, while the initial cost would be around Rs.11,093 crore, an official statement said.
On the basis of the recommendations of a special committee and the Sixth Pay Commission, the government has decided to hike salaries of its employees despite additional initial financial burden and increased annual expenditures, it said.
“The total payment will be paid in instalments between the current financial year and 2011,” the statement added.
According to the statement, the salary increments will range between Rs.1,774 and Rs.7,300 per month from office assistant to deputy collector.
SRC :: The Hindu
Salary Calculator for Pay band 1 and 2 for Sixth Pay Commission Salary Hike
Salary Calculator for Pay band 3 and above for Sixth Pay Commission Salary Hike
Salary Calculator for Pension calculations for Sixth Pay Commission Salary Hike

The improved pay packages will also include increase in house rent allowance and retirement benefits.
The decisions are based on the recommendations of the committee of ministers headed by Home Minister P Chidambaram, which went into the revised salary and allowances notified earlier in November last year by the government.
PSU officers, particularly in the oil sector, forced the government to revisit their revised pay scales when they went on strike in January this year.
Briefing reporters after the Cabinet meeting, Chidambaram said the revision in the pay structure would vary from company to company. reports pti

Indian Railway Budget 2010 | Indian Rail Budget 2010
Indian Railway Budget 2010-11 will Present on Feb 24, 2010 (Wednesday) by our Union Minister for Railways Mamata Banerjee. Railway Budget 2010-11 is her second Rail Budget.
Railway Minister Mamta Banerjee at present might be in dilemma regarding the Indian railway Budget 2010. Whether the budget will be in favor of Common man or will it go more for revenue purpose.
Major expectations from Railway Minister is to keep passenger fares untouched so that it will be under reach of a common man.
While the Budget is unlikely to increase passenger fares, there could be a selective increase in freight rates.
Freight rates of foodgrains and fertilisers are likely to stay the same as the Centre has been facing a lot of flak on the price rise issue.
But rates of iron ore, coal and cement could rise
Mamata is likely to have more Durantos — her brainchild — connecting two major cities.
Sources say the Railways may unveil its big focus on private investments. It may seek private investments in all possible sectors like lines and sidings. The move could benefit companies like L&T, Adani, and ACC.
For 2009-10, the Budget estimates 5.8% freight growth at 882 million tonne. Sources say gross traffic receipts growth may be pegged higher. Total earnings projection is expected to be better in FY11.
The Railways may also project double-digit freight growth in FY11.
FY10 Budget estimates earnings from goods and passengers at Rs 58,525 crore and Rs 24,309 crore, respectively.
The Duranto (non-stop) train services connecting bi-cities, introduced by the minister in the last budget, are expected to increase in number this year.
Also, Banerjee is likely to bring in a special railway security fund this Budget

Union Budget 2009-2010 | www.indiabudget.nic.in

AIBEA Wage Revision Latest News 2010 | aibea website | aibea union
All India Bank Employees Association (AIBEA) is the largest and oldest trade union of bank employees in India. It is one of the premier trade unions in India. Today, AIBEA official website released the report and the message on the wage revision talks. According to official site ” 9th Bipartite Settlement signed today. AIBEA achieves Pension again and Pension for all.”
AIBEA Wage Revision, AIBEA Wage Revision latest news (complete report): AIBEA has just published the complete report on the wage revision talks. The report and the message on the wage revion talks has been published on the AIBEA website whose link has been given below.
http://www.bankunionaibea.in/html/newseve.html

AIBEA Wage Revision, AIBEA Wage Revision latest news (complete report): AIBEA has just published the complete report on the wage revision talks. The report and the message on the wage revion talks has been published on the AIBEA website whose link has been given below.
For AIBEA Wage Revision Talk Report and Signed Agreement Details: Click Here
Here is the quote on the report:

The much-awaited Settlements on wage revision and pension option have been signed today with the IBA, achieving another landmark in our trade union movement. The 9th successive Bipartite Settlement has been signed and the wages and service conditions of bank employees have been improved. The Pension option Settlement has also been signed today which enables all the remaining employees to be covered by the D.A. linked Defined Benefit Pension Scheme, which is the best social security measure in the post-retiral life of employees.
We are happy that under the banner of UFBU, all the 9 unions have simultaneously signed the Agreements covering both employees and officers, manifesting the true spirit of the UFBU.
The Settlement covers 46 Banks (26 Public Sector Banks, 12 Private Sector Banks and 8 Foreign Banks) and would benefit 4,77,000 workmen employees and 2,75,000 officers. The Settlement would cost the Banks an additional increase in wages by Rs.5,200 crores per year (Rs.4,816 crores for Public Sector Banks and around Rs.400 crores for private and Foreign Banks). The Settlement will be effective from November 2007 to October 2012.
Under the Settlement all the remaining 2,60,000 employees and officers who are now covered by CPF would be given a chance to join the Pension Scheme – a long time demand of the Unions. More than 50,000 retirees will also get the option to join the pension scheme.
The Settlement is preceded by 30 months of protracted negotiations between the IBA and the unions, and was backed by various agitational programmes and strike actions, which were enthusiastically implemented by the members. There were many anxious moments during this period coupled with loads of misinformations, orchestrated columnies and virulent propaganda against all our efforts to settle. Added to this were the attempts to undermine the organistion, decry the leadership and derail the negotiations. But overcoming this and these, we have concluded the Settlement successfully.
Hats off to your unity, patience and co-operation. You have done proud to AIBEA.

AIBEA Wage Revision Details | AIBEA Wage Revision Latest Updates | All Banking Solutions Wage Revision 2010 | AIBEA Wage Revision

AIBEA Wage Revision Details | AIBEA Wage Revision Latest Updates | All Banking Solutions Wage Revision 2010 | AIBEA Wage Revision
The Latest wage settlement news and discussion and wage settlement understanding between the IBA (Indian Bank Association) and AIBEA (All Indian Bank Employee Association) details can be checked by clicking the link below.
For Wage Revision Details CLICK HERE

	7th BPS	8th BPS	NOW
Additional annual wage load	12.25 %	13.30 %	17.50 %
Total quantum of annual wage increase (Officers & Workmen)	1497 crores	2200 crores	4816 crores
Annual Average Per Capita Increase Ø For Workmen employees Ø For Officers	12,550 24,025	23,300 43,600	56,200 91,800

– A UNIQUE ACHIEVEMENT:

In 1993, after bitter struggles and against all odds, AIBEA and AIBOA achieved pension scheme for bank employees. Today, once again, with the leading role of AIBEA and AIBOA, another milestone has been anchored. More than 3 lacs bank employees, officers and retirees will now get another option to join the pension scheme to insulate themselves with this unique social security benefit. It is a very commendable achievement indeed.

Dear comrades, with the signing of this Minutes, the main understandings have been reached. Now the UFBU will be taking steps to expedite the final settlement with revised pay scales, allowances and other improvements and thereafter for implementation of the same and payment of arrears to the employees.

Dear comrades, on this happy occasion, it is necessary to remind ourselves that these achievements were preceded by persistent efforts and protracted negotiations by the leadership of UFBU and backed up by the exemplary unity of the bank employees and officers and their successful participation in the strike actions. It is the result of our unity, militancy and perseverance.