Nineteen per cent of global fund managers remain bullish on India, suggests the latest BofA Asia Fund Manager Survey (FMS). A total of 249 panelists with $656 billion worth of assets under management (AUM) participated in the survey between February 2 and 8, BofA said. Two hundred and nine participants with $568 billion AUM responded to the global FMS questions, while 145 participants with $331 billion in AUM responded to the regional fund manager survey (FMS) questions, BofA said.
'Probably revised guidelines will come, and then the real picture will emerge.'
'The policy focus of the government should have been on creating more good quality jobs but that was not their focus.'
The $14-billion bailout package for the troubled United States auto industry has collapsed in the Senate amid dispute over the wages paid to workers of the troubled manufacturing giants, according to a media report.
Even though the NIA claims that more than 90 per cent of cases charge-sheeted have ended in conviction, the figure is likely misleading. To date, very few cases investigated by the NIA have resulted in a completed trial, points out former CBI joint director Navneet Rajan Wasan.
Rakul Singh and Jackky Bhagnani confirmed their relationship in October 2021.
Arrizabalaga appeared to be injured as he prevented City's Sergio Aguero from scoring in the closing moments of extra time, and manager Maurizio Sarri ordered his substitution before Chelsea went on to lose the showpiece match 4-3 on penalties.
Spanish football giants Barcelona and Real Madrid have overtaken baseball's New York Yankees as the highest paid teams in global sport, according to the Global Sports Salaries Survey 2011.
LIC Housing Finance (LICHF) delivered a healthy FY24 with improvements in net interest margin (NIM) and credit costs and an improved return on assets of 1.7 per cent compared to an average of 1.3 per cent between FY14-FY23. Loan growth was low due to technology upgrades to the platform in H1FY24, though momentum improved in H2FY24. In Q4FY24, the net interest income (NII) came in at Rs 2,250 crore.
India's services sector growth eased slightly in April but growth of new business and output remained sharp and among the fastest in 14 years amid favourable economic conditions and strong demand, a monthly survey said on Monday. The seasonally adjusted HSBC India Services Business Activity Index fell from 61.2 in March to 60.8 in April, highlighting one of the strongest growth rates seen in just under 14 years. Survey members attributed the latest upturn in output to favourable economic conditions, demand strength and rising intakes of new work.
A special National Investigation Agency court on Wednesday framed additional charges, including that of waging war against India, on Wasim Akram Malik, arrested for his alleged role in the September 2011 Delhi high court blast that left 15 dead.
The minimum wage of Rs 80, which is applicable to central public sector undertakings, will see a 30 to 40 per cent jump in a single year once the changes are notified. The decision to hike the minimum wage level was taken by the Central Advisory Board at its meeting chaired by Minister for Labour and Employment Oscar Fernandes last week. The National Floor Level Minimum Wage of Rs 80 is likely to cross Rs 100 once the notification is issued.
The rural development ministry has come in direct conflict with the communications ministry, which has refused to accept its request for disbursing wages under the rural job scheme through post offices without charging any fee.
The Supreme Court ruled on Tuesday that tips or service charges paid by customers to the hotel staff did not amount to "wages" and could not be taken into account for payment of premium to the Employees' State Insurance (ESI) Corporation by the industrial establishment.
'My health is very bad. I can't talk. I will have to first take medical treatment, and then only I will able to speak'
With a view to removing disparity in minimum wages across the country, the national minimum wage is likely to be raised to Rs 70 per day from Rs 50 at present.
Nepal will aim to finish off on a high when they when they take on Bangladesh in their final group game of the T20 World Cup on Sunday.
Indian-American Republican leader Nikky Haley has endorsed her former boss Donald Trump as the party's candidate for the presidential election, delivering the message of unity after their bitter rivalry during the presidential primary.
Three men, originally from Tamil Nadu, arrested by the Mumbai Police started their boat journey from Kuwait on January 28 and claimed to have taken the Saudi Arabia-Dubai-Pakistan route before entering Indian shores illegally, as per the police remand note.
He said the Finance Minister assured the delegation that the Financial Services Secretary would look into the matter and the settlement process would be expedited.
The Anti-Terrorist Squad (ATS) of Uttar Pradesh Police has arrested a person working in the Indian Embassy, Moscow, for his alleged involvement in anti-national activities with Pakistani intelligence agency Inter-Services Intelligence and providing them important confidential information regarding the strategic activities of the Ministry of Defence, the Ministry of External Affairs and the Indian military establishments, an official statement issued in Lucknow on Sunday said.
Xavi played for Barcelona for 17 years, making 767 appearances and winning 25 trophies, including four Champions League titles and eight LaLiga crowns.
This is her second intervention, seeking that work done under NREGA be treated as scheduled employment under the Minimum Wages Act.
The devastation that the Russians have inflicted on their smaller neighbour will remain a horrific reminder of the cruelty of war.
Firm sticks to guns while the staff looks at 'sterner' measures.
The high court of Jharkhand on Friday granted bail to former chief minister Hemant Soren in a money laundering case linked to a land scam.
Minimum wage for 36 categories of workers who want to work in the UAE came into effect on Tuesday and will apply to new recruits.
Diamond Polishers' Association (DPA), a representative body of diamond workers in the industry in Gujarat has demanded a hike in wages to the tune of about 35 per cent.
Besides human resources integration, the merged airline, is expected that the combined airliner would have the benefit of increased cost savings and profitability of Rs 820 crore by 2010.
Maruti Udyog on Thursday said it has entered into a new five-year wage settlement with its employees' union, aimed at drastically cutting costs and simplifying the wage structure.
Images from the T20 World Cup match between Pakistan and Canada, in New York, on Tuesday.
Three industry bodies suggested changes in India's tax regime in their pre-Budget discussions with Revenue Secretary Sanjay Malhotra in New Delhi on Tuesday. The bodies - Confederation of Indian Industry (CII), PHD Chamber of Commerce and Industry (PHDCCI), and Federation of Indian Chambers of Commerce & Industry (FICCI) - held separate meetings with Malhotra during the day and put across their suggestions for the upcoming Budget.
States may set it higher, not lower; planned link to cost of living.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
If India footballer CK Vineeth has joined the government COVID-19 helpline centre in Kerala, his national team-mate Subhashish Bose has taken it upon himself to feed the homeless and jobless in his home town Subhasgram in South 24 Parganas, West Bengal. Amid the nationwide lockdown, a long queue could be seen every morning at Subhasgram comprising of local rickshaw pullers, daily wage earners or small time hawkers who come to collect their daily ration.
A labour ministry note sent to the rural development ministry (MoRD) says the minimum wage notified in each state - often higher than the NREGA set one - has to be paid. But MoRD has written to the PMO that the NREGA enactment has clauses that exempt it from all other laws, including the Minimum Wages Act. Hence, MoRD is not legally obliged to pay at any other rate.
The bench also rejected the oral request of Additional Solicitor General S V Raju, appearing for the Maharashtra government for early listing of the appeal and said it will come in due course.
Gandhi, who is seeking a second-straight term from Wayanad in Kerala, in a video appeal said this election is to save democracy and the Constitution.
Rahmanullah Gurbaz and Ibrahim Zadran shared an opening stand of 118 to drive Afghanistan to a stunning 21-run win over Australia.
The multi-crore Dharavi slum redevelopment project involves no land transfer to the Adani group but to the Maharashtra government's departments, and the Ahmedabad-based conglomerate, as a project developer, will build houses that will be handed over to the same departments for allotment to residents of Asia's biggest slums, sources said. Denying allegations of land grab made by MP Varsha Gaikwad, sources close to the project said land parcels are to be transferred only to Dharavi Redevelopment Project/Slum Rehabilitation Authority (DRP/SRA) of the state government's housing department.
