Infosys CEO Salil Parekh has got a massive 88 per cent jump in annual remuneration to Rs 79.75 crore, making him one of the highest-paid executives in the country. The software services firm has sought shareholders' approval for the reappointment of Parekh as chief executive officer and managing director for a second five-year term beginning July 1. According to the company's annual report released on Thursday, Parekh, 58, took home a salary of Rs 71.02 crore in the fiscal year ended March 31, 2022.
The total amount of fraud reported by banks showed a drop in 2020-21 - for the first time in eight years - though there is an emerging trend of private sector banks reporting a larger number of frauds related to card and internet banking. According to the latest data released by the Reserve Bank of India, commercial banks reported Rs 1.38 trillion of frauds in 2020-21, as compared to Rs 1.85 trillion in the previous year. The first half of the current fiscal year saw banks reporting frauds worth Rs 36,342 crore.
On November 26 last year, the Allahabad High Court had rejected the bail pleas of Azam Khan and his son after which they moved the top court.
It's no surprise to find Apple and Google at the top of our list, but smaller outfits saw some of the biggest growth.
While industry leaders Tata Consultancy Services and Wipro have announced deferring wage-hike plans, other players such as Infosys and HCL Technologies are expected to follow suit, according to industry insiders.
The government is expected to defer the mega initial public offering (IPO) of LIC to the next financial year as the ongoing Russia-Ukraine war has dampened fund managers' interest in the public issue, market experts said on Sunday. The government was looking to sell 5 per cent stake in Life Insurance Corporation (LIC) this month, which could have fetched over Rs 60,000 crore to the exchequer. The IPO would have helped meet the curtailed divestment target of Rs 78,000 crore this fiscal.
Seven Congress legislators and three Aam Aadmi Party MLAs who recently switched over to the ruling party also said Navjot Singh Sidhu was a celebrity and was no doubt an asset to the party but condemning and criticising his own party and government in public has only created a "rift in the cadres and weakened it".
Fresher hiring sentiment is highest in India, with 17 per cent employers keen on recruiting fresh graduates in the July to December 2021 period against 6 per cent globally. According to the Career Outlook Report by TeamLease EdTech, conducted across 18 sectors and 14 cities, the hiring sentiment in the country has registered a 2 percentage point increase over the February-April 2021 period. In terms of sectors, those that have been able to withstand the impact of the pandemic and witnessed a stronger hiring sentiment are information technology (31 per cent), telecommunication (25 per cent) and technology start-ups (25 per cent).
The Supreme Court on Thursday wondered why the Gujarat high court has listed the bail plea of activist Teesta Setalvad for hearing on September 19, six weeks after it sent a notice to the state government seeking a response to her application, and asked the state to inform it by 2 pm on Friday about whether such a precedent existed there.
The committee has shared an online form consisting of 11 questions seeking comments of lay persons until March 31.
The minister said it's high time people broaden their knowledge about sports other than cricket to enable India become a sporting powerhouse. "Then 4-5 months back a news broke out that somebody broke Usain Bolt's record in a bull race in Karnataka. Even some of the professional people, some of the businessmen, some of the renowned people of India stated that now this guy will bring Olympic gold in 100m," Rijiju said.
The NCW has written to the Delhi Police to expedite its action in the case against the 'Bulli Bai' app, floated for trolling and harassing the victims, to ensure that such crimes do not recur.
The Delhi police on Sunday registered a case based on a complaint filed by a woman journalist alleging that she was being targetted by an unidentified group of people on a mobile application named 'Bulli Bai' created on GitHub platform.
The Uttar Pradesh government ordered a probe by a special investigation team after an IAS officer was seen in some video clips at a gathering at his home where religious conversion was being allegedly discussed.
The finance ministry has asked public sector banks (PSBs) to postpone the annual exercise of promoting and transferring their staff in the wake of the Covid-19 pandemic. The advisory issued by the Department of Financial Services (DFS) states that the promotion process has coincided with a spike in Covid-19 cases across the country along with localised lockdowns and an increase in micro-containment zones. As there are cases of bank employees or their family members being hospitalised due to Covid-19, bank, insurance companies and financial institutions must take cognizance of the issue, the advisory issued by DFS said.
Held at Ved Niketan Dham in Haridwar from December 17-20, the Dharma Sansad was organised by Yati Narasimhanand Giri of the Juna Akhada, who is already under police scanner for making hate speeches and inciting violence against Muslims.
Budget carrier IndiGo has assured its employees that it will not make any deduction in their salaries or leaves due to the suspension of domestic flights till March 31. The government's decision to suspend domestic flight would come into effect from midnight Tuesday, as part of larger efforts to curb spreading of coronavirus infections.
The Delhi high court on Wednesday dismissed a challenge to the Central Information Commission's order dismissing an RTI appeal seeking the agenda of the Supreme Court collegium's meeting on December 12, 2018, when certain decisions were purportedly taken on elevation of judges to the apex court.
Three family members of the farmers who were killed in the violence have sought a stay on the February 10 bail order of the Lucknow bench of the high court saying the verdict was "unsustainable in eyes of law as there has been no meaningful and effective assistance by the state to the court in the matter".
Ford said it had also shut its plant, with an annual capacity of 340,000 engines and 200,000 vehicles.
The sector will see a minimum of 3-5 per cent of the weight being shed in almost every IT company - particularly the big 20 - because of Covid and not performance-related issues.
Kiran Gosavi, an 'independent witness' of the Narcotics Control Bureau (NCB) in the drugs-on-cruise case who is absconding, on Monday refuted the extortion claims made by his aide and another witness in the case, Prabhakar Sail, and said he will surrender shortly before the Lucknow police.
The minister apologised on Monday after the incident drew flak from the sports community.
Prabhakar Sail, an independent witness in the cruise drugs seizure case, on Sunday claimed that a Narcotics Control Bureau officer and some other persons demanded Rs 25 crore from Bollywood superstar Shah Rukh Khan to release his son Aryan Khan in the case.
The protesters raised slogans and demanded that police leave the JNU campus.
According to sources in the Dhanbad court, Anand, known to be strict judge, had recently declined bail pleas of some gangsters, and the incident could be a fallout of this decision.
Khan, 69, was not present in the lower house at the time of voting. His party lawmakers staged a walkout.
The Chief Justice, while speaking at the farewell reference organised by the high court, said that judges are only interpreters and are not here to make the law or to evolve a policy and a balance has to be maintained between judicial activism and restraint.
Educational institutes feel the pain as hiring roughly 50% of usual this year.
In 2022, the hybrid work culture will become more relevant to attract and retain talent, while also ensuring they foster a sense of wellness and belonging in the workspace.
Kerala has again emerged as the top ranking state in terms of overall health performance among larger states, while Uttar Pradesh is the worst, according to the fourth Health Index launched by Niti Aayog.
Congress partly vehemently opposed the bill, calling it "anti people", "inhuman", "anti constitutional", "anti poor" and "draconian", and urged that it should not be passed for any reason and should be withdrawn by the government.
The 49-year-old judge was allegedly mowed down by a heavy autorickshaw while he was on morning jog on July 28 morning in Dhanbad.
The top official mentioned that having a women's team has been made a part of the licensing criteria for clubs.
Rivals like Cognizant Technology Solutions Corp and Infosys Ltd have also sharpened focus on the healthcare sector
It will help protect healthcare service personnel and their living and working premises against violence.
The appraisals being done by most companies this year are harsher than past ones with higher threshold in many metrics. Reduction in headcount has been done across most tier-I and tier-II IT firms along with global technology firms in the country.
Over the years, a noticeable unpleasantness began to develop between senior and junior, Sorabjee and Salve. Salve gave credit, for his rise in the profession, to Nani Palkhivala, and not to Sorabjee. This hurt Sorabjee, though he never admitted it.
Reserve Bank of India Deputy Governor M Rajeshwar Rao on Wednesday said while the central bank will foster growth in the microfinance (MFI) sector, the lenders in the space should not throw caution to the wind to achieve higher asset growth and returns. MFIs should not try to mimic the strategies of mainstream finance, as those serving the microfinance borrowers have a greater need to balance the social objectives with their lending operations, he said.
Among IT services firm, Cognizant witnessed over 60 per cent of its initial applications rejected, followed by Capgemini, Accenture, Wipro, and Infosys. In 2018, the top six Indian firms got just 16 per cent or 2,145 H1B work permits.
