TMS Ep 418: IT attrition, Covid-19 wave, ITC stock, heatwave
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For some IT companies, the attrition rates had shot up to 30% during the pandemic due to increased demand for digitisation. Meanwhile, Covid cases were on the rise till Saturday. The number of fresh cases reported in the seven days ending Saturday was the highest recorded in India in the eight months. This implies that India has just witnessed a Covid wave of sorts. While there may be early signs that the situation is improving, can the country afford to shrug it off?
Good Q4 results are taking the heat off the financial markets which has been reeling under pressure for a while now. But there is no let-up outside the plush offices of Dalal Street. Just an hour’s drive from Bombay Stock Exchange, at least 14 people lost their lives due to heatstroke last week. They were attending a government function in Navi Mumbai. Several parts of the country are in the grip of unforgiving heat wave now. This episode of the podcast explains what a heatwave is and more.
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