New Event: 11:00 Tue, 10th Dec
you're fired!
"The truth will set you free, but first, it will piss you off." And today, we're diving into a topic that's as uncomfortable as it is necessary.
This Tuesday, we're taking a hard look at how Bharat's corporate world is becoming increasingly toxic and discussing the YesMadam controversy.
But first, let’s take a look at today’s top headlines:
Top headlines of the day
📌 Sanjay Malhotra, our current Revenue Secretary, has been appointed as the next RBI Governor. He’ll be taking over from Shaktikanta Das on December 11 for a three-year term.
Now, if you’re wondering who Sanjay Malhotra is, here’s a quick rundown: he’s a 1990-batch IAS officer who has held some pretty key positions, like Chairman of REC and Secretary of the Department of Financial Services.📌 Mobikwik’s IPO is generating quite a buzz. The grey market premium (GMP) has shot up to nearly 40%, and the subscription for their ₹572 crore issue kicks off this week, on December 11. If you're interested, the price band has been set between ₹265-279 per share, with anchor investor bidding starting a day earlier, on December 10.
Right now, Mobikwik’s shares are going for a GMP of ₹111-120 in the unofficial market, so it looks like they could list with a nice 40% premium. Fun fact – the company initially filed for a ₹700 crore IPO but has now scaled it down to ₹572 crore.📌 Here’s some good news for job seekers in the IT sector: it’s on the up and up! We’re expecting a solid 15-20% growth in job opportunities across various industries in 2025, especially for freshers. The demand for specialized roles in AI, machine learning, data analytics, and cloud technologies is also going to soar by 30-35%.
What’s even more exciting?
Companies are doubling down on upskilling programs, investing heavily to ensure their teams are ready for the future of tech. Big companies are focusing on campus hiring, so there's plenty of opportunity if you're just starting out.📌 Here’s an update from UltraTech Cement. The company has received a notice from the Competition Commission of India (CCI) regarding its proposed acquisition of India Cements. But don’t worry, UltraTech is confident that this deal will hold up.
The notice comes under the Competition Act of 2002, as the CCI wants to ensure the deal won’t negatively affect competition in the market. Back in July, UltraTech announced it was buying a 32.72% stake in India Cements for ₹3,954 crore and also made an open offer for another 26% of the shares at ₹3,142.35 crore.The YesMadam Controversy
You must have heard all about it on the Internet, so you’ll agree with me when I say the company did something UNFAIR and probably illegal too.
For those who don’t know, here’s what happened:
YesMadam, a home salon services company, has come under fire after reportedly firing over 100 employees who said they were stressed in a recent survey. Yeah, you heard that right.
The company conducted a survey to check in on how stressed their team was, and instead of offering support, they decided to "part ways" with those who flagged significant stress. One employee even called it "bizarre" and shared the email from HR, which went viral online. The email basically said, "We want a healthy work environment, so we're letting go of anyone who's stressed."
Here’s the email btw 👇
Here are a few tips to help you navigate the tricky waters of workplace stress and keep your job:
🎯 If stress is starting to build up, don’t wait for the company to initiate a survey or ask. Be the one to start the conversation. Approach your manager or HR early on, explaining how you’re feeling and asking for support or adjustments before things reach a breaking point. Proactively addressing stress shows your commitment to your work and well-being.
🎯 When discussing stress, try to position it as a natural part of your development. Show how challenges or high workloads are pushing you to grow and evolve in your role, rather than framing them purely as negative feelings. This helps managers see your stress as something you're managing, not something that's detrimental to your performance.
🎯 If your company conducts a stress survey (like YesMadam did), be mindful of how you respond. It's important to be honest but also consider how your feedback might be perceived. Focus on constructive feedback that points toward solutions rather than just highlighting problems. If you feel unsure, reach out to HR beforehand to understand how your responses will be handled.
So, that’s it from me today for this week! I would love to hear what you think about the situation.
See ya 👋
