Tata Consultancy Services creates Rs 50 crore direct grant fund for employees hurt by Chennai rains
Advertisement
Advertisement
In a post on the company's internal communication portal, CEO N Chandrasekaran said the cash advances would be in the range of Rs 1 lakh to a maximum equivalent of three months gross salary, and a copy of which was accessed by ET.
"We hope these measures will help TCSers and our support staff get back on their feet quickly and put this traumatic experience behind us," the company said in a statement to ET.
TCS will also give an ex-gratia grant of one-month's salary upto Rs 15,000 for TCS support and service staff. The company will also reimburse medical claims.
Advertisement
The company will also help citizens by distributing school and medical kits and creating a course of action for the medium term.
Image credit: Indiatimes
Advertisement
- Global stocks rally even as Sensex, Nifty fall sharply on Friday
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market