And it's not an IIT graduate who's bagged it, report Gireesh Babu & Vinay Umarji.
Employees of some top Indian companies were in for a pleasant surprise when they received a mail from their HR team announcing a hike in salaries and bonuses. Led by IT firms and start-ups, HR managers say that while some have offered cash and stock options, others are in a wait-and-watch mode and add the trend will pick up in other sectors. For example, IT giant Cognizant - which had an attrition rate of 19 per cent in the December quarter - has established a $30-million employee retention fund in order to bring down the high attrition rate.
People have developed a fatalistic attitude where they believe that anything can happen. They think, 'there's no medicine, no beds in the hospitals, what are we alive for?' And when you get that kind of an attitude, you stop taking precautions
The early results from corporate India for the first quarter of 2015-16 are in, and these strongly suggest that a cyclical recovery is underway.
The remarks come at a time when Maharashtra is reeling under an agrarian crisis with 124 farmers committing suicide in the state since January this year.
After extending billions of dollars to protect themselves from the economic turmoil, the US moved to arrest the trend of exorbitant pay among the nation's big entities like Citigroup, Bank of America and American International Group.
With less than five months left for the report of the Fifteenth Finance Commission to be submitted, its chairman N K Singh said the report will have fiscal road map for states, depending on their current situation.
A third of the total restaurant market in India - valued at Rs 4.25 trillion - could be wiped out in the current financial year, since many players have simply been unable to sustain operations in the absence of customers.
An individual might not be able to put together the data and number-crunching resources that institutional traders employ.
Premiumisation, improving demand aid realisation growth at most large firms
'It is entering growth territory on a month-on-month basis.'
Stop-losses are mandatory to prevent losses going out of control
'The counting machine beeped, indicating a counterfeit note.' 'When the teller started tearing it, my nephew stopped him and asked him: Under whose authority was he destroying it, how did he know that the note was fake and if a genuine note gets destroyed, how will he be compensated?' Harsh Roongta explains the process if you have a counterfeit note.
Dalits constitute nearly 16 per cent of the vote and 38 seats are reserved for them in the assembly, reports Satyavrat Mishra
When it comes to rewarding top- performing employees, many large corporates are giving out expensive gifts such as latest iPhones, Mercs, flats and jewellery
The government is looking to review the guidelines governing executive pay practices at the companies to bring them in tune with the changing times in terms of the economic advances in the country.
MotherCare, the baby and maternity clothes retailer that annually sourced garments worth Rs 100 crore from a single exporter in Tirupur, filed for bankruptcy in the UK and will close all its 79 shops in that country. It was the latest world-famous brand to pull down Tirupur's fortunes.
Prices started rising again beyond Rs 30 per kg in the last one week and are now ruling at Rs 32 per kg at Lasalgaon
A lot more people should buy stocks, they should be guided far more by fundamentals and their expectation of returns should be far more modest
India's tax pie seems to have undergone a subtle change with a sharp drop in direct tax collections resulting from a disproportionate impact of the COVID-19 carnage on incomes. The share of indirect taxes, which mainly comprise of levy on goods and services as well as import duty, has risen while that of direct taxes - made up of corporate and personal income tax - has gone down in 2020. In an interview with PTI, finance secretary Ajay Bhushan Pandey said in a pandemic like this where the economy has been impacted, any large scale changes impact direct taxes more severely, whereas indirect tax collection is mostly proportional to business turnover and compliance.
Chief executive officers heading America's 500 largest firms have taken a beating on their paychecks for the first time in five years, but the 13 female members of this elite club, headed by India-born chief of PepsiCo Indra Nooyi, have a reason to smile with a trend-defying hike.
Is the curated and limited data put out by the central government sufficient enough to pass a judgement on the trend in GST collections, particularly that of the Centre?
The average variable pay across sectors is projected at 17.4%.
As of now, 12 million Indians join the workforce every year.
According to the survey conducted by HeadHonchos.com, a job search and career portal, 84.1 per cent employers expect new job creations this year.
A majority of employees seem dissatisfied with their current salaries, a recent survey conducted by JobBuzz, an employer rating platform powered by TimesJobs, revealed.
Sebi on Tuesday said, the norms covering research analysts' recommendations would also apply to journalists.
Solar equipment manufacturing, however, is unlikely to pick up in India as Chinese imports are more cost-effective
The major beneficiaries have been the ministries of roads and highways, railways and power
Experts at coding, Web development, and digital marketing, will be on every organisation's hiring list, points out Narayan Mahadevan.
Average salary has grown faster than average business income for three of the last five years. This has implications in a country like India. Most people in India are self-employed, with 51.4% of the population falling in that bracket.
After the latest spike in crude oil prices, petrol prices could potentially go up to around Rs 90 a litre making a dent in the consumer's wallet. This, the analysts fear, will push the cost of vehicle ownership in the country, further reducing the demand potential for the industry.
'... their love was jinxed.' 'His celluloid path to his partner's heart was seldom smooth; it had to contend with greedy relatives and indecisive sweethearts, who were more ready to sacrifice than woo and wed.'
For a PM who hasn't completed even one term yet, the ability to spark a publishing trend single-handed is a remarkable achievement, writes Kanika Datta.
Here's how she is linked to the most talked about Oscars speech of the year.
Social media was abuzz with posts ridiculing the PM's comment. The hashtag # #YoBadalSoMandela also began to trend on Twitter.
The bank added that with the inflation trending down -- consumer price inflation for August eased to 7.80 per cent -- the rate adjustment will continue to ensure that the depositors are compensated 'adequately with a positive real rate on their deposits.'
'Whatever the legal position, it is my understanding that in practice, the Indian authorities have always treated Hindu refugees from Pakistan and Bangladesh far more sympathetically than Muslims,' notes Sunanda K Datta-Ray.
The upcoming corporate results season and the approaching Union Budget kept investors on their toes
Broader market outperformed with the S&P BSE Midcap index adding 0.7%, while S&P BSE Smallcap index gained 0.6%.
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