UniBlurb #10

Good morning! and welcome to the tenth edition of UniBlurb - Your Weekly Dose of Management. Today, we will be going over:

#TCS Salary Hike
#Ashneer Grover’s New Startup
#Adani Cements growth
#Internships, Competitions & Events

MONDAY MOTIVATION

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OUR TWO CENTS
TCS Unleashes Pay Hikes: Code and Cash!

Hey there, tech enthusiasts! Have you caught the latest buzz from Tata Consultancy Services (TCS)? They’re rolling out the red carpet for their stellar performers with salary hikes that’ll make your calculator buttons wear out! We’re talking a generous range of 4.5% to 7% increases, and for the crème de la crème, a whopping double-digit boost! Why, you ask? Well, TCS isn’t just playing Santa in April; they’ve got the numbers to back it up. With a net profit leap of 9% to a cool Rs 12,434 crore in Q4 of FY24, they’re sharing the love and the wealth.

But wait, there’s more! This isn’t just about rewarding hard work; it’s a strategic move in the grand chessboard of India’s macro environment. By infusing fresh cash into the hands of its employees, TCS is not only retaining top talent but also stimulating economic growth. Think of it as a ripple effect more moolah in the market means more samosas and smartphones being bought, and that’s good news for everyone!

So, as TCS gears up to onboard 40,000 fresh faces this fiscal year, let’s tip our hats to their savvy business acumen. They’re not just coding software; they’re coding a brighter future for India’s economy. And who knows, with a little hard work and a sprinkle of luck, maybe next year, you’ll be the one telling your friends about your fat paycheck from TCS! Keep dreaming big, folks!

OUR TWO CENTS
ZeroPe: Ashneer Grover’s Next Unicorn Bet in Fintech

Ashneer Grover, the fintech wizard and BharatPe’s former managing director, is back with a bang! His latest venture, ZeroPe, is set to revolutionize the medical loan landscape. Developed by Third Unicorn, Grover’s new brainchild after his BharatPe exit, ZeroPe is currently flexing its muscles in testing mode.

ZeroPe isn’t just any app; it’s an elixir for instant financial relief, offering pre-approved loans up to a whopping Rs 5 lakhs. Partnered with Mukut Finvest, a Delhi-based NBFC, it’s like having a financial superhero in your pocket. Only available at partnered hospitals, ZeroPe ensures you’re never in a pinch when health emergencies strike.

Grover’s Third Unicorn isn’t just trotting around; it galloped into the gaming arena with CrickPe in 2023. Now, with ZeroPe, it’s clear Ashneer isn’t just playing games; he’s scoring big in the fintech league. Stay tuned for this unicorn’s next magical move!

OUR TWO CENTS
Adani Cement: Building a Concrete Empire, One Mix at a Time

Adani Cement is on a roll, folks! After acquiring Ambuja Cements and ACC Ltd for a cool $6.4 billion, they’re setting their sights on a whopping 20% of the Indian cement market by FY28. How, you ask? With an ambitious capex program funded through internal accruals, they’re planning to expand their capacity to 140 MTPA. That’s million tonnes per annum, for those scratching their heads.

But wait, there’s more! Adani isn’t just playing with big numbers; they’ve got the resources to back it up. With a treasure trove of limestone reserves and a savvy enterprise risk management, they’re poised to cement their position (pun intended) in the industry. Plus, with 65% of their costs synergized within the group, they’re not just building structures, they’re building an empire.

With India’s cement industry expected to grow 7-8% annually, Adani’s strategic moves could compound their growth exponentially. They’re not just mixing concrete; they’re mixing the right ingredients for success. Keep your eyes peeled, because if they hit that 20% target, we might just have to start calling them ‘Adani Concrete Jungles’!

INDUSTRY CONNECT
Internship opportunities

1. Nutrabay (Product Management Intern)
   
   You'll scale Athlab by aligning with business needs and conducting customer research. Utilize data to improve the product within Shopify's limitations. Collaborate on launches and continuously enhance product performance.
   Apply Here!

2. Cube (HR Intern)
   
   Cube is seeking a motivated Recruitment Intern to join their team and support their recruitment processes. This internship offers valuable hands-on experience in talent acquisition within a collaborative and fast-paced environment.
   Apply Here!

3. Fresh Prints (Operations Intern)
   
   You'll drive revenue growth by working with operations, handling queries, and sharing pricing quotes efficiently. Deliver tasks with high quality and identify areas for improvement.
   Apply Here!

EVENTS ON THE RISE
Best events and competitions in the upcoming week

1. Egnite 5.0 (Motilal Nehru College, Delhi)
   
   Egnite 5.0 isn't just an event; it's a celebration of innovation, creativity, and entrepreneurial spirit. As they gear up for their fifth edition, they invite you to embark on a journey that transcends boundaries and unlocks the potential of every aspiring entrepreneur.
   Register Here!

2. Commfete 4.0 (DCAC, Delhi)
   
   Commfete is the annual fest of the Vangati - The Commerce Association of Delhi College of Arts and Commerce. Vangati - The Commerce Association of DCAC is ready to unleash the extravaganza with ultimate thrill & fun!
   Register Here!

3. Syntagma - A Strategy Case Competition (SRM, Chennai)
   
   This online general case competition is your chance to put your skills to the test and make a difference.  You'll tackle real-world challenges that require sharp consultancy and data analysis expertise.  Get ready to hone your problem-solving and critical-thinking abilities as you compete on a global stage.
   Register Here!