HCL Technologies on Monday announced a special one-time bonus worth over Rs 700 crore for its employees, as the IT giant marked $10 billion (about Rs 72,800 crore) revenue milestone. The special bonus will be paid to employees in February 2021, amounting to nearly $90 million plus payroll taxes in some countries, the impact of which is excluded from FY21 EBIT (earnings before interest and taxes) guidance provided by the company last month, HCL Tech said in a statement. HCL Technologies said it is "issuing a one-time special bonus to employees around the world" worth over Rs 700 crore in recognition of its recent milestone of crossing the $10 billion mark in revenue for 2020.
"If HR isn't responsive, it's critical to keep records of all interactions -- e-mails, dates and any conversations you had. If HR fails to help, escalate the matter to higher management or the internal complaints committee," says Smita Shetty Kapoor.
Paris St Germain and Brazil forward Neymar has been ordered to pay his former club Barcelona 6.7 million euros ($7.51 million) after losing a lawsuit over an unpaid bonus, the Spanish champions said in a statement on Friday. Neymar moved from Barca to PSG for a world record fee of 222 million euros in 2017 but took the La Liga side to court over the terms of the last contract he signed with them a year earlier, claiming he was entitled to 43.6 million euros.
Ahmed Elgendy took Egypt's first gold medal of the Paris Olympics when he won the men's Modern Pentathlon with a world record 1,555 points, despite slowing at the end, in the grounds of the Palace of Versailles on Saturday.
Delhi-based Shubham Chakraborty, 32, a management graduate from XLRI, Jamshedpur, tells us how he fought anxiety and stress due to poor workplace management.
HDFC Bank managing director Aditya Puri, ICICI Bank MD and CEO Chanda Kochhar, and Axis Bank MD and CEO Shikha Sharma did not receive their bonuses in full for financial year 2016-17
Defending champions Mumbai got their Ranji Trophy campaign back on track with an emphatic nine-wicket win over Maharashtra in their second group A league game in Mumbai on Monday, offsetting the heavy loss to Baroda in the opening game.
'IPOs have performed exceptionally well, with a notable increase in average ticket size from Rs 800 crore in the last financial year to around Rs 1,300 crore in this financial year.'
Rediff.com spoke to registered investment advisors to figure out how best the extra Rs 17,500 saved ever year can be invested to create a decent corpus in the years ahead. This is what they said.
Pratham Barot, CEO and co-founder, Zell Education, explains how specialised courses in finance can help you earn a cushy six-figure salary.
As the start-up ecosystem undergoes revenue losses and client attrition, 5paisa.com had a good quarter recently in terms of client addition and continues the streak of business growth in the April-June period so far.
Verstappen, who had started alongside Norris on the front row, was leading by lap three and could then build a buffer and take control.
If states have to fall in line with MSPs declared by political parties, they will have to do so in violation of central order or bear the full expense of the surplus procured at above MSP rates.
Fintech firm One97 Communications, owner of Paytm brand, is laying off an undisclosed number of employees and claimed that it is providing outplacement support for their smooth transition, according to a company statement. Paytm's sales employee headcount in March 2024 quarter dropped by about 3,500 to 36,521 personnel on a quarter-on-quarter basis, mainly due the impact of the Reserve Bank of India's ban on services of Paytm Payments Bank.
Manjrekar, who has played 37 Tests and 74 ODIs, is one of the most respected cricket analysts and when asked about the legendary duo's future in T20Is post World Cup, he felt that it could be answered by the players themselves or the national chairman of selectors.
If your equity gains are less than Rs100,000 in a financial year, you can breathe easy.
Shares of brokerages and market infrastructure institutions (MIIs) witnessed heavy selling pressure following the Securities and Exchange Board of India's (Sebi's) pivot to a uniform fee structure, which analysts fear could dent revenues. Discount brokerages, which currently benefit from a spread between client charges and exchange fees, are expected to be most affected. Shares of Angel One, the third-largest brokerage by active clients, fell 8.7 per cent. Groww and Zerodha, the largest brokerages, are not publicly listed.
Purchase health insurance at an early age, before you incur a disease, as this makes access to health insurance difficult and raises the premium significantly.
Who knows when the top chief executives will once again get the fat bonuses they were used to? The last recession provides a hint.
'Once in a while, I flirt with the idea of direction.' 'If I direct, it will be a human story that touches me.' 'I'm nervous of forcing myself into making a socially relevant film.'
'Right from 2002, making my debut and 22 years later still getting to represent India. I'm extremely proud of that.'
He urged employees to work as a team, follow the vision the lender has set out for itself and beat competition.
Rana hardly minced words as he questioned the federation's tendency to make last-minute changes to its policy, and its stubborn refusal to acknowledge or facilitate the presence of shooters' personal coaches at national camps and trials.
Consider a combination of a base policy and a super top-up policy.
Two films arrived at theatres -- Bollywood's Srikanth and Hollywood's Kingdom of the Planet of the Apes -- and have managed to attract footfalls in theatres.
'Any cricketer from any country should be helped by his Board, but Anshu's case must be taken up on priority and treated as paramount.'
Kochhar was directed to return about Rs 10 crore in cash bonuses she had received as CEO, and also give up close to 6 million shares of the bank she had as stock option, which was about Rs 350 crore.
Until June 2018, the ICICI Bank board had given a clean chit to Kochhar with full backing and had said there was no question of favouritism, nepotism or conflict of interest on her part in granting loans to Videocon Industries or any other company. However, the stance changed soon after the regulatory and probe agencies initiated enquiry in the matter.
Bonus shares are free shares given to the existing shareholders of a company
Singh's comments come just a day after India's foreign coach Baek Woong Ki was denied accreditation for the Games. The Korean, who had reached the French capital with the Indian team after overseeing its preparation in Marseille, said on Saturday that he "was removed from the Olympic coaching role at a critical time" and will now be flying back to India with his return ticket already booked.
India's first and only tennis medal in the history of Olympic Games came way back in 1996, when Leander Paes claimed the singles bronze in Atlanta.
Fund managers's compensation is largely tied to the assets they manage and scheme performance.
Switching to the UPS could be a game-changer for your retirement planning, especially if you value guaranteed benefits and higher government contributions, observes Ramalingam Kalirajan.
Generally, the central bank grants its approval by mid-March, or latest by March 31, but most banks have not received RBI approval on bonus packages this year.
Car sales are experiencing a challenging phase with around Rs 60,000 crore worth of inventory lying unsold with dealers.
Although his sport soon fully embraced professionalism, the Olympics has remained free from prize money, though athletes in many sports can expect hefty bonuses from sponsors for triumphing in the biggest shop window of all.
Early retirement is not just about money and calculators. It is more about rediscovering your passions, strengthening bonds, and living a life filled with purpose, connection, and lasting happiness. It's about reclaiming your life, explains Vatsal Ramaiya.
Bonuses are typically commensurate with deal activity in any given year. Investment banks, on average, pocket 2-3 per cent as fees for managing an IPO and 1.5-2 per cent for handling QIPs.
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