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TCS posts 9 pc jump in Q1 net profit at Rs 12,040 crore

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TCS posts 9 pc jump in Q1 net profit at Rs 12,040 crore

Mumbai, July 11 (IANS) Leading IT software services exporter Tata Consultancy Services (TCS) posted a net profit of Rs 12,040 crore for the April-June quarter of the current financial year (2024-25) which represents a 9 per cent increase over the same quarter of 2022-23.

The TCS board also approved an interim dividend of Rs 10 per share for the quarter. The record date for dividend payment is July 20, 2024, and dividends will be paid out on 5 August 2024.

The company won some large deals during the first quarter pushing its order book to $10.2 billion from $8.2 billion in the same quarter of the previous year.

“We are continuing to expand our client relationships, create new capabilities in emerging technologies and invest in innovation, including a new AI-focused TCS PacePort in France, IoT (Internet of Things) lab in the US and expanding our delivery centres in Latin America, Canada and Europe,” TCS CEO K Krithivasan said in a statement.

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Samir Seksaria, Chief Financial Officer, said: “In spite of the usual impact of the annual wage increments in this quarter, we have delivered strong operating margin performance, validating our efforts towards operational excellence.”

“We remain focused on making the right investments in R&I and talent, strengthening our superior return ratios and creating long-term value for our stakeholders,” he added.

TCS added 5,452 employees in Q1 taking the total workforce to 6.07 lakh. The company’s attrition rate stood at 12.1 per cent on the last twelve-month basis.

–IANS

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NGT issues notice on indiscriminate concretisation of roadsides & constructions in parks

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NGT issues notice on indiscriminate concretisation of roadsides & constructions in parks

NGT issues notice on indiscriminate concretisation of roadsides & constructions in parks

New Delhi, July 31 The National Green Tribunal (NGT) has issued notice on a plea alleging large-scale, excessive and indiscriminate concretisation of roadsides and constructions in parks in Uttar Pradesh’s Ghaziabad.

A bench headed by Chairperson Justice Prakash Shrivastava sought the response of the Union Ministry of Environment, Forest and Climate Change (MoEF&CC), Central Pollution Control Board (CPCB), Uttar Pradesh government, Uttar Pradesh Pollution Control Board (UPPCB), Ghaziabad Development Authority (GDA), Ghaziabad Nagar Nigam, and others in the matter.

The plea filed by advocate Akash Vashishtha claimed that indiscriminate concretisation and paving become the biggest cause of water-logging, urban flooding, prevention of natural water recharge, heat multiplication, and loss of biodiversity in cities and towns.

It said that indiscriminate concretisation/pavements of roadsides and road berms and constructions inside parks is in gross contravention of various orders of the NGT, guidelines of the Union Ministry of Urban Development and also GO issued by the UP government.

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The application filed before the green tribunal seeks directions for the whole of the country, in view of the massive concretisation, and the environmental hazards arising therefrom, being experienced in all cities and towns across all states and UTs.

Senior advocate Sanjay Upadhyay, representing the applicant, submitted before the NGT that the menace of concretisation and complete paving of soft open areas, roadsides, road berms and constructions inside parks has become a hazard for all cities and towns.

The matter will be heard next on October 21.

–IANS

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'How can I remain silent against Trinamool', Adhir Chowdhury to Cong high command

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'How can I remain silent against Trinamool', Adhir Chowdhury to Cong high command

'How can I remain silent against Trinamool', Adhir Chowdhury to Cong high command

Kolkata, July 31 (IANS) A couple of days after meeting Congress leader K.C. Venugopal in Delhi, five-time former Lok Sabha member Adhir Ranjan Chowdhury has taken to social media to indirectly attacking his party’s high command for reportedly going soft towards Trinamool Congress.

“Who else other than us will speak on behalf of our party workers who are being beaten up every day by the ruling Trinamool Congress activists in West Bengal? The ruling party in the state is trying to break Congress on a daily basis. Despite officially being a part of the I.N.D.I.A. bloc, they have not stopped oppressing us,” Chowdhury commented in his social media post on Tuesday night.

He also said that the tradition of implicating state Congress workers in false cases and forceful capturing of Congress offices in West Bengal is continuing.

“In such a situation how can I remain silent against Trinamool Congress? If I do that I will be doing injustice to my grassroots-level party workers. I cannot do that,” Chowdhury added.

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Thereafter he gave a call to the party high command to have dialogues with these grassroots-level Congress workers in West Bengal to know the ground- reality in the state.

“Delhi needs to speak to those party workers in West Bengal who are struggling daily and protesting on the streets to keep the party flag. Their opinion is important and hence they should also be called to Delhi,” Chowdhury said.

He concluded his post with an assurance of being with the grassroots-level Congress workers in the state. “I will be there on the streets with my party colleagues and carry forward their movement. I have not to compromise with injustice. I will never do that,” he added,

Chowdhury’s differences with Congress high command started surfacing even before the recently concluded Lok Sabha polls, after the party’s national president Mallikarjun Kharge made a statement to the media persons in May this year that Chowdhury is no one to decide the steps to be adopted for the formation of government after the polls and the party high command is there to decide on that.

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Kharge even went to the extent of saying that either one has to follow the decision of the party’s high command or will have to step out.

Giving his reaction to the statement of Kharge then, Chowdhury said that being a member of the working committee of Congress he was also a part of the party’s high command.

–IANS

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Genetic & environmental factors in disease risk, new insights found

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Genetic & environmental factors in disease risk, new insights found

Genetic & environmental factors in disease risk, new insights found

New Delhi, July 31 (IANS) Environmental factors may play a larger role in disease risk than previously thought, overshadowing genetic contributions a study by researchers at Penn State College of Medicine reveals.

Published in the journal Nature Communications, the research shows that lifestyle and environmental factors, such as air pollution, can significantly influence disease risk, offering more opportunities for mitigation.

“We’re trying to disentangle how much genetics and how much the environment influences the development of disease,” said Bibo Jiang, assistant professor of public health sciences.

The team used a novel spatial mixed linear effect (SMILE) model, combining genetics and geolocation data, to analyse disease risks.

Dajiang Liu, co-senior author, emphasised the importance of separating environmental influences from genetic factors: “If we can tease apart these shared environments, what’s remaining could more accurately reflect genetic heritability of disease.”

Using data from IBM MarketScan and environmental data, the researchers re-evaluated the genetic contributions to various diseases.

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For example, the genetic risk of Type 2 diabetes was recalibrated from 37.7 per cent to 28.4 per cent, highlighting a greater role for environmental factors. Similarly, the genetic contribution to obesity risk decreased from 53.1 per cent to 46.3 per cebt.

The study also distinguished the effects of specific pollutants, such as PM2.5 and NO2, on health conditions. NO2 was found to directly influence conditions like high cholesterol and diabetes, whereas PM2.5 impacted lung function and sleep disorders.

This research suggests that understanding the balance between genetic and environmental factors can enhance disease prevention strategies, particularly in precision medicine.

–IANS

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Kindlins: A potential key in cancer treatment strategies

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Kindlins: A potential key in cancer treatment strategies

Kindlins: A potential key in cancer treatment strategies

New Delhi, July 31 (IANS) Kindlins, adapter proteins found in vertebrate cells could change the face of cancer treatments, research from S. N. Bose National Centre for Basic Sciences has found.

The research team, led by Debojyoti Chowdhury, analyzed data from 10,000 patients across 33 cancer types from The Cancer Genome Atlas to investigate Kindlins’ role in cancer progression, published in the journal Communications Biology, the study underscores Kindlins’ potential as targets for innovative cancer therapies.

Kindlins are proteins attached to the cell membranes in almost all vertebrate cells, crucial for converting extracellular mechanical cues into biochemical signals.

These proteins interact with structural proteins, receptors, and transcription factors, triggering a cascade of intracellular signals essential for maintaining the body’s homeostasis. Disruptions in the Kindlin structure can lead to diseases like cancer.

The study highlighted that Kindlin 1 regulates the immune microenvironment in breast cancer, while Kindlin 2 is involved in cancer-specific metabolic processes like the TCA cycle and glycolysis.

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Additionally, Kindlin 2 influences HIPPO signalling, a pathway that promotes cancer cell migration and invasion.

“Kindlin 2 can also regulate HIPPO signalling, Hippo signalling is a kind of signal in cancer cells that tells the cell to migrate and invade other tissues. Kindlin 2 can also regulate HIPPO signalling,” said Debojyoti Chowdhury in a statement.

The study suggests a potential link between Kindlin dysfunction and adverse survival outcomes, providing evidence for their importance in various cancer stages and subtypes.

“By studying all Kindlin family members collectively, we can gain a comprehensive understanding of their potential complementary and synergistic roles in cancer biology,” Chowdhury added.

It offers new avenues for cancer treatment strategies, particularly in overcoming chemoresistance and tumour relapse, pivotal challenges in oncology. This research may pave the way for novel interventions in the ongoing battle against cancer.

–IANS

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1 Kanwariya killed, 2 injured in Gurugram road accident

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1 Kanwariya killed, 2 injured in Gurugram road accident

1 Kanwariya killed, 2 injured in Gurugram road accident

Gurugram, July 31 (IANS) One Kanwariya died while two others sustained serious injuries after a speeding truck hit a bike on the Delhi-Jaipur Expressway on the intervening night of Tuesday and Wednesday, police said.

The deceased has been identified as Hemant Meena, a resident of Kotputli, Rajasthan.

Police said that the accident took place on the Rampura flyover on the Delhi-Jaipur Expressway and the driver has been arrested.

Following the accident, the Kanwariyas blocked the Delhi-Jaipur highway in protests and demanded Rs 50 lakh and a government job for the family of the deceased as compensation.

However, following the police intervention, the Kanwariyas cleared the road and allowed vehicular activities on the Expressway.

Earlier, following a traffic jam on the Delhi-Jaipur highway, vehicles going from Delhi to Jaipur were diverted from Rajiv Chowk in Gurugram, while vehicles coming from Jaipur to Delhi were diverted from Kundali-Manesar-Palwal (KMP) Expressway and areas adjoining Manesar.

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–IANS

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