UniBlurb #15

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

#TCS Decentralization
#Ethical concerns for Adani Ports
#EV Policy and Tesla
#Internships, Competitions & Events

MONDAY MOTIVATION

OUR TWO CENTS
TCS’s Strategic Shift: Decentralization Fuels Innovation and Agility

Tata Consultancy Services (TCS), a stalwart in the IT industry, is on the cusp of a significant transformation. The company's Chief Operating Officer, N Ganapathy Subramaniam, is set to retire on May 20, 2024, after a remarkable tenure. With his departure, TCS is opting for a decentralized approach, redistributing responsibilities among the leadership rather than appointing a new COO. This strategic move is designed to foster agility and innovation within the organization.

The decision to decentralize comes at a time when TCS has reported a robust 9.3% year-on-year increase in profits for the March quarter, with revenues climbing to ₹61,237 crore. The growth is particularly strong in the Indian market, which saw a 37.9% surge, and the manufacturing sector, contributing a 9.7% rise.

Decentralization is expected to enhance decision-making and streamline operations, allowing TCS to maintain its competitive edge. As the company navigates through this structural change, it is poised to capitalize on its strong financial performance and continue its legacy of excellence in the IT sector.

OUR TWO CENTS
Navigating Ethical Storms: Adani Ports Faces Choppy Waters After Norway’s Exclusion

Adani Ports has found itself in choppy waters as Norway's Norges Bank dropped anchor, excluding the Indian conglomerate from its Government Pension Fund over ethical concerns. The crux of the matter lies in Adani's alleged human rights violations linked to a Myanmar port terminal project. Despite divesting the operation to Solar Energy Ltd., the murky details about the new owner have raised eyebrows, questioning the severance of ties.

Norges Bank isn't just any financial institution; it's a behemoth, with its tentacles in nearly 1.5% of global shares. Its decision sends ripples across the investment world, signaling a red flag to ethical investors. For Adani Ports, this could spell a stormy forecast, potentially rocking the boat for foreign institutional investors who weigh heavily on such ethical compasses.The company's response to this setback will be pivotal in steadying its ship and charting a course back into the good graces of global investors.

OUR TWO CENTS
Navigating India’s EV Policy Landscape Amidst Tesla Controversy

India's electric vehicle (EV) landscape is buzzing with activity, but it's not just about the cars—it's about the policy gears turning behind the scenes. Former NITI Aayog CEO Amitabh Kant has made it crystal clear: India's EV policy isn't a bespoke suit tailored for individual corporations, Tesla included. Despite Elon Musk's dance around a potential Indian debut, his April visit was a no-show, and so are any special concessions Tesla might have hoped for.

The policy itself is a robust engine designed to drive investments into India's manufacturing muscle. It's not just about rolling out the red carpet; it's about laying down a track for sustainable growth. With a hefty minimum investment of Rs 4,150 crore and a mandate for domestic sourcing, India is steering towards self-reliance.

Kant's vision is electric, quite literally. He sees the disruption in the auto industry as a chance to put the pedal to the metal on EV adoption. With a substantial budget earmarked for electric buses, India is not just participating in the global shift towards sustainable transport—it's aiming to lead the charge. So, while Tesla's courtship with India might hit a few speed bumps, the EV policy roadmap is all about the long haul.

INDUSTRY CONNECT
Internship opportunities

1. Zinnia (Operations Intern)
   
   As an SOPs Consolidation Intern, you will play a key role in reviewing, consolidating, and updating our organization's standard operating procedures. This internship offers an excellent opportunity to gain practical experience in document management and process improvement.
   Apply Here!

2. Unacademy (Growth Consultant Intern)
   
   As a Growth Consultant intern, you will generate leads, promote Unacademy's UPSC courses, drive sales through effective communication, form partnerships with student groups, and ensure at least one conversion per month to qualify for the stipend.
   Apply Here!

3. Excelrate (Management Intern)
   
   As a Management intern, your responsibilities include assisting in business development and marketing activities, conducting market research, providing support in organizing and coordinating meetings, and assisting in data collection, collation, and analysis.
   Apply Here!

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

1. Edverse Universe X: Startup Idea Competition (Edverse)
   
   Universe X startup Idea Competition, where pioneers of the future converge to showcase groundbreaking concepts in the Metaverse. The vision is to foster ideas and promote change in the realms of emerging technology.
   Register Here!

2. The Importance of Professional and Management Skills in Everyday Life and Competition (Young Skilled India)
   
   Young Skilled India is conducting an insightful workshop titled "The Importance of Professional and Management Skills in Everyday Life and Competition" on 25th June 2024, from 11 AM to 1 PM.
   Register Here!

3. Strategic Expansion and Financial Analysis (Hamsi Marketing Pvt. Ltd.)
   
   Join their exclusive internship program at Hamsi Marketing Pvt. Ltd. Top performers from their competition will gain hands-on experience, mentorship, and the opportunity to accelerate your careers in your interested domain.
   Register Here!