National Asset Reconstruction Company of India Ltd (NARCL), the bad bank promoted by the government, is preparing to acquire 18 distressed accounts totalling ₹39,921 crore by October 31, said two people aware of the development. Private equity (PE) and venture capital (VC) funds holding money of five or fewer investors have drawn the attention of the capital market regulator. Tata Consultancy Services (TCS) is grappling with the continued unwillingness of the majority of its millennial employees to return to the workplace, even as the company is keen to end the work-from-home arrangement which was put in place in he wake of the outbreak of the Covid-19 pandemic in early 2020.

Source: Economic Times September 19, 2022 03:59 UTC