Retaining employees can be a tough task for some companies. Well, not if you be as innovative as an IT firm in Tamil Nadu. &nbsp;

The company, which is based in Madurai, has come up with a unique solution of offering free matchmaking services to employees and giving pay hikes when they get married, said media reports. &nbsp;

Not just this, Sri Mookambika Infosolutions (SMI), which is a privately held global technology solutions provider, provides increments to all employees every six months. &nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/india-news/indian-students-win-nasa-human-exploration-rover-challenge-476207" hreflang="en">Indian students win NASA Human Exploration rover challenge</a>

If you are wondering the measures helped to retain employees, the answer would be yes. &nbsp;&nbsp;

For several years, the attrition rate of the company has remained below 10 per cent. &nbsp;

"Our strength was in our giving back and belief in hard work. We knew one cannot build such a community in a Tier-1 city, where everything is commercially oriented. We chose Madurai since it matched our DNA," MP Selvaganesh, founder and CEO, SMI, told TOI. &nbsp;

Watch:&nbsp;LIC's mega IPO gets an extra day for subscription

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/lics-mega-ipo-gets-an-extra-day-for-subscription-476472/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>
</div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

Around 750 people have been employed by SMI and its associate companies. Of these people, 40 per cent have worked for over five years. &nbsp;

Although matchmaking services were introduced later, the firm has been providing salary hikes on getting married from the beginning. &nbsp;

It has also been offering around 6-8 per cent increment to all the employees every six months. &nbsp;

WATCH WION LIVE HERE

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

(With inputs from agencies)&nbsp;

Retaining employees can be a tough task for some companies. Well, not if you be as innovative as an IT firm in Tamil Nadu. The company, which is based in Madurai, has come up with a unique solution of offering free matchmaking services to employees and giving pay hikes when they get married, said media reports.

Retaining employees can be a tough task for some companies. Well, not if you be as innovative as an IT firm in Tamil Nadu. The company, which is based in Madurai, has come up with a unique solution of offering free matchmaking services to employees and giving pay hikes when they get married, said media reports. Not just this, Sri Mookambika Infosolutions (SMI), which is a privately held global technology solutions provider, provides increments to all employees every six months. Also Read: Indian students win NASA Human Exploration rover challenge If you are wondering the measures helped to retain employees, the answer would be yes. For several years, the attrition rate of the company has remained below 10 per cent. "Our strength was in our giving back and belief in hard work. We knew one cannot build such a community in a Tier-1 city, where everything is commercially oriented. We chose Madurai since it matched our DNA," MP Selvaganesh, founder and CEO, SMI, told TOI. Watch: LIC's mega IPO gets an extra day for subscription × Around 750 people have been employed by SMI and its associate companies. Of these people, 40 per cent have worked for over five years. Although matchmaking services were introduced later, the firm has been providing salary hikes on getting married from the beginning. It has also been offering around 6-8 per cent increment to all the employees every six months. WATCH WION LIVE HERE (With inputs from agencies)

What an idea! To retain employees, Indian firm offers matchmaking services to staff, increment on marriage

Data Patterns, a Chennai-based firm delivered a crucial component that is meant to be used in Gaganyaan, which is India’s ambitious human spaceflight programme. The Checkout system, which was delivered to the Indian Space Research Organization, is meant to perform health checks of the various cable harness assemblies used in the Crew Module, which houses the astronauts.&nbsp;

Simply put, a cable/wire harness assembly is a grouping of wires that are designed to carry power or signals. When fully extended, the wiring in aircraft and spacecraft measure several kilometres, so the wires are bound in a harness, rather than being let loose. By being bound into a harness, the wires are protected from adverse conditions that may occur during operation and are much more compact.&nbsp; 
&nbsp; 
The health checks of wiring harnesses such as high voltage insulation, continuity, isolation, current carrying capacity and other electrical parameters play a vital role in the safety of the Crew Module. This crew module is required to withstand the various forces exerted upon during launch and also serve as an orbiting home for Indian astronauts, who will be circling the earth in Low Earth Orbit.&nbsp;

The handing over ceremony took place on Wednesday, March 17 at Data Patterns’ facility near Chennai, in the presence of Dr S Unnikrishnan Nair, Director, and Human Space Flight Centre (HSFC) among others. According to the private firm, the component was delivered within four months, against the typical schedule of twelve months.

Located at the ISRO Headquarters in Bengaluru, HSFC is e responsible for the implementation of the Gaganyaan Project which involves end-to-end mission planning, development of Engineering systems for crew survival in space, crew selection &amp; training and also to pursue activities for sustained human space flight missions.&nbsp;

During its three-decade-long association with ISRO, Data Patterns has supplied the 14000 point countdown checkout system for the second launch pad, upgraded the launch vehicle tracking radars, supplied the X-Band and C-Band weather radars, the company said.&nbsp;

Almost all the electronics of the Launch vehicle are checked out using Data Patterns' indigenous test system solutions. With the guidance of ISRO, Data Patterns is also regularly building Avionics packages for both Launch vehicles and satellites, the company added.&nbsp;

About a week ago, DR K Sivan, Chairman, ISRO had said that Gaganyaan design is in the final stages and project realization has started, all efforts are on for the first unmanned mission trial by this year-end. Gaganyaan is expected to witness two unmanned trials, before the manned mission which is scheduled for 2022-23.

Data Patterns, a Chennai-based firm delivered a crucial component that is meant to be used in Gaganyaan, which is India’s ambitious human spaceflight programme. The Checkout system, which was delivered to the Indian Space Research Organization, is meant to perform health checks of the various cable harness assemblies used in the Crew Module, which houses the astronauts.

Data Patterns, a Chennai-based firm delivered a crucial component that is meant to be used in Gaganyaan, which is India’s ambitious human spaceflight programme. The Checkout system, which was delivered to the Indian Space Research Organization, is meant to perform health checks of the various cable harness assemblies used in the Crew Module, which houses the astronauts. Simply put, a cable/wire harness assembly is a grouping of wires that are designed to carry power or signals. When fully extended, the wiring in aircraft and spacecraft measure several kilometres, so the wires are bound in a harness, rather than being let loose. By being bound into a harness, the wires are protected from adverse conditions that may occur during operation and are much more compact. The health checks of wiring harnesses such as high voltage insulation, continuity, isolation, current carrying capacity and other electrical parameters play a vital role in the safety of the Crew Module. This crew module is required to withstand the various forces exerted upon during launch and also serve as an orbiting home for Indian astronauts, who will be circling the earth in Low Earth Orbit. The handing over ceremony took place on Wednesday, March 17 at Data Patterns’ facility near Chennai, in the presence of Dr S Unnikrishnan Nair, Director, and Human Space Flight Centre (HSFC) among others. According to the private firm, the component was delivered within four months, against the typical schedule of twelve months. Located at the ISRO Headquarters in Bengaluru, HSFC is e responsible for the implementation of the Gaganyaan Project which involves end-to-end mission planning, development of Engineering systems for crew survival in space, crew selection & training and also to pursue activities for sustained human space flight missions. During its three-decade-long association with ISRO, Data Patterns has supplied the 14000 point countdown checkout system for the second launch pad, upgraded the launch vehicle tracking radars, supplied the X-Band and C-Band weather radars, the company said. Almost all the electronics of the Launch vehicle are checked out using Data Patterns' indigenous test system solutions. With the guidance of ISRO, Data Patterns is also regularly building Avionics packages for both Launch vehicles and satellites, the company added. About a week ago, DR K Sivan, Chairman, ISRO had said that Gaganyaan design is in the final stages and project realization has started, all efforts are on for the first unmanned mission trial by this year-end. Gaganyaan is expected to witness two unmanned trials, before the manned mission which is scheduled for 2022-23.

ISRO Human Spaceflight: Indian firm delivers component for crew module 

IT Company Majesco Ltd on Tuesday announced that its board has approved payment of an interim dividend of Rs 974 per equity share for the financial year 2020-21.

This is one of the highest dividend payouts seen in recent times.

This interim dividend payout translates to an amount of Rs 2,788.4 crore on a shareholder base of 28.577 million shares. The balance cash reserves estimated at Rs 103 crore will be distributed subject to board and regulatory approvals.

Majesco will go ex-dividend on December 23 and the record date for dividend has been fixed at December 25. Earliest Dividend Payout will be done on December 30, Majesco said.

Majesco said the interim dividend payout is restricted to the quantum of free reserves as of September 30, ie Rs 2,788.4 crore or Rs 974 per share.

As a first step, distribution of balance cash of Rs 103 crore to the shareholder base of 28.577 million will be carried out as expeditiously as possible subject to board and regulatory approvals.

On monetisation of real estate, it said this could take longer i.e. over a year and depending on real estate market conditions. Post monetisation of real estate, the Company will decide best method for distribution of sale proceeds to shareholders.

The Majesco share price was trading at Rs 982.00, up by Rs 8.40 or 0.86 per cent.

(With inputs from agencies)

IT Company Majesco Ltd on Tuesday announced that its board has approved payment of an interim dividend of Rs 974 per equity share for the financial year 2020-21.

IT Company Majesco Ltd on Tuesday announced that its board has approved payment of an interim dividend of Rs 974 per equity share for the financial year 2020-21. This is one of the highest dividend payouts seen in recent times. This interim dividend payout translates to an amount of Rs 2,788.4 crore on a shareholder base of 28.577 million shares. The balance cash reserves estimated at Rs 103 crore will be distributed subject to board and regulatory approvals. Majesco will go ex-dividend on December 23 and the record date for dividend has been fixed at December 25. Earliest Dividend Payout will be done on December 30, Majesco said. Majesco said the interim dividend payout is restricted to the quantum of free reserves as of September 30, ie Rs 2,788.4 crore or Rs 974 per share. As a first step, distribution of balance cash of Rs 103 crore to the shareholder base of 28.577 million will be carried out as expeditiously as possible subject to board and regulatory approvals. On monetisation of real estate, it said this could take longer i.e. over a year and depending on real estate market conditions. Post monetisation of real estate, the Company will decide best method for distribution of sale proceeds to shareholders. The Majesco share price was trading at Rs 982.00, up by Rs 8.40 or 0.86 per cent. (With inputs from agencies)

Majesco announces interim dividend of 19480%, highest by an Indian firm

Indian firm Infrastructure Leasing and Financial Services (IL&FS) has presented a bill worth Rs 3.17 billion spent on a detailed project report (DPR) for the Kathmandu-Tarai Expressway in 2015.

On Sunday, the Indian consultant asked the Ministry of Physical Infrastructure and Transport to make payment for the costs incurred as the Nepal Army, the project developer refused to purchase the DPR, Kathmandu Post reported.

Nepali Joint Secretary Ram Hari Pokhrel, said the letter from the Indian company has put us in a fix. He said they will have to go through the memorandum of understanding (MoU) signed with the Indian company.

The Indian consortium, in July 2015, submitted a report to the ministry regarding the construction of 76-km expressway connecting Kathmandu with the southern plains.

The then Sushil Koirala-led government was preparing to award the project to the Indian consortium. It was decided that an annual minimum revenue guarantee of Rs15 billion would be provided if the road toll failed to generate adequate profits.

The government had to scrap all the agreements reached because of this controversy and decided to construct it with domestic resources.

On May 4, 2017, the project's responsibility was handed over to the army with the authority to purchase the DPR from the Indian company.

However, the army decided against purchasing the DPR saying that it was incomplete.

This is why, the Indian company in order to recover the expenses incurred during the preparation of the report, had to go to arbitration.

Nepali Joint Secretary Ram Hari Pokhrel, said the letter from the Indian company has put us in a fix.

Indian firm Infrastructure Leasing and Financial Services (IL&FS) has presented a bill worth Rs 3.17 billion spent on a detailed project report (DPR) for the Kathmandu-Tarai Expressway in 2015. On Sunday, the Indian consultant asked the Ministry of Physical Infrastructure and Transport to make payment for the costs incurred as the Nepal Army, the project developer refused to purchase the DPR, Kathmandu Post reported. Nepali Joint Secretary Ram Hari Pokhrel, said the letter from the Indian company has put us in a fix. He said they will have to go through the memorandum of understanding (MoU) signed with the Indian company. The Indian consortium, in July 2015, submitted a report to the ministry regarding the construction of 76-km expressway connecting Kathmandu with the southern plains. The then Sushil Koirala-led government was preparing to award the project to the Indian consortium. It was decided that an annual minimum revenue guarantee of Rs15 billion would be provided if the road toll failed to generate adequate profits. The government had to scrap all the agreements reached because of this controversy and decided to construct it with domestic resources. On May 4, 2017, the project's responsibility was handed over to the army with the authority to purchase the DPR from the Indian company. However, the army decided against purchasing the DPR saying that it was incomplete. This is why, the Indian company in order to recover the expenses incurred during the preparation of the report, had to go to arbitration.

Indian firm seeks Rs 3 billion for Kathmandu-Tarai expressway detailed project report

indian-firm

Indian Firm, News on Indian Firm, stories on Indian Firm, articles on Indian Firm, Indian Firm stories at Wion, Indian Firm news, Indian Firm latest news

indian firm

What an idea! To retain employees, Indian firm offers matchmaking services to staff, increment on marriage

ISRO Human Spaceflight: Indian firm delivers component for crew module

Majesco announces interim dividend of 19480%, highest by an Indian firm

Indian firm seeks Rs 3 billion for Kathmandu-Tarai expressway detailed project report