US-based Citigroup is likely to allocate more global roles to India than to any other centre it operates in due to the country's strong talent pool, said Jane Fraser, chief executive officer of Citigroup, on Wednesday in an interaction with CNBC-TV18. Fraser also expressed confidence that India will remain the world's fastest-growing economy.
One worker was killed and another seriously injured after they were hit by Marathi actor Urmila Kothare's car in Kandivali area of Mumbai in the wee hours of Saturday, police said.
Tata Elxsi (TelX) reported a weak Q3FY25, with a sharp deceleration in the transportation vertical. However, recent deals in the Asia-Pacific (APAC), higher mix of original equipment makers (OEMs) and partnership with Qualcomm will improve growth. FY25 is the third successive financial year of revenue growth deceleration and second successive financial year of profit deceleration.
An independent probe from the Commissioner of Railway Safety (CRS) is unlikely in the Jalgaon train tragedy due to the negligence of passengers, according to railway sources. The tragedy occurred when 12 passengers were killed after stepping down from their train due to a fire rumor and were struck by another train. Experts say the CRS probe is unlikely because the passengers' actions were deemed negligent. While the CRS is typically involved in serious railway accidents, the 1998 rules allow for discretion when deaths or injuries result from passenger negligence. Passengers had ample time to move to safer locations but remained on the side tracks, ultimately leading to the tragic incident.
A special court in Mumbai has directed the Anti-Corruption Bureau (ACB) to register a first information report (FIR) against former Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch and five other officials in connection with alleged stock market fraud and regulatory violations.
Amid a debate over 70-90-hour work week, the pre-Budget Economic Survey on Friday cited studies to state that spending over 60 hours a week on work could have adverse health effects. The survey noted that spending long hours at one's desk is detrimental to mental well-being and individuals who spend 12 or more hours (per day) at a desk have distressed or struggling levels of mental well-being.
Common citizens should not suffer, the Bombay high court remarked on Friday while asking the Maharashtra government what steps it was taking to "curb the menace" of illegal strikes, amid an agitation by state employees.
While Elon Musk's political influence continues to grow, his business empire is witnessing headwinds.
The take by the Economic Survey 2024-25 on work hour week had come weeks after Larsen & Toubro Ltd Chairman and Managing Director SN Subrahmanyan sparked off a raging debate on social media when he said employees should work 90-hour a week, including on Sundays rather than sit at home.
EPS has had its way on most things, alliance-wise. A week earlier, he reiterated that he would not re-admit OPS and Sasikala Natarajan back in the party. It was a message not just to detractors in the AIADMK. It was even more so for the BJP leadership in Delhi. Even more important for the AIADMK was their demand for accepting EPS as the chief ministerial candidate of any alliance that the party would form, observes N Sathiya Moorthy.
If you redeem your investments when prices have fallen sharply, you will be selling at low prices and may make a permanent loss. On the other hand, if you remain patient and remain invested, you give your investment the time to recover, says Dwaipayan Bose
'A major IT services firm that previously had a demand of 1,000 to 2,000 employees now requires 7,000 to 8,000 -- a sizeable jump from the previous quarter.'
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
'Younger employees, who tend to have a higher risk appetite, will find NPS advantageous due to the potential gains from equity markets over time.'
Seasoned bureaucrat and a stickler for rules Finance Secretary Tuhin Kanta Pandey will be at the helm of capital market regulator, Securities and Exchange Board of India (SEBI), for three years. The 1987-batch Odisha-cadre Indian Administrative Service (IAS) officer, Pandey, would replace Madhabi Puri Buch, whose three-year term ends on Friday.
Four devotees, including three women, died and several more were injured in a stampede at the Lord Venkateswara Swamy temple in Tirupati on Wednesday night. Hundreds of devotees had turned up for the 10-day Vaikunta Dwara Darshanam, which begins on January 10.
'The overwhelming evidence from various studies and reports indicates that the current work culture in the IT sector, characterised by excessive hours, has severe consequences for health, productivity, and overall quality of life.'
With such announcements grabbing the voters' attention, critical issues like pollution, especially the smog that chokes Delhi every winter, remain largely unaddressed. Many residents have raised concerns over the lack of concrete action plans to combat air pollution, which continues to pose a severe health risk to Delhiites.
A slowdown in hiring by India's top IT companies has resulted in a sharp increase in the industry's profit per employee in Q3FY23. The top four IT companies earned a net profit of 1.7 lakh per employee during October-December 2022, up 8.6 per cent from Rs 1.57 lakh in Q2FY23 and 16.3 per cent from a record low of Rs 1.47 lakh in Q1FY23. Earnings per employee in the third quarter were, however, still down 0.9 per cent on a year-on-year (YoY) basis.
The eighth Budget of Finance Minister Nirmala Sitharaman continued to focus on 'GYAN' (Garib, Youth, Annadata, Nari) to maintain a consistent and coherent strategy initiated over the years in pursuing the government's vision for Viksit Bharat. The approach, characterised by incremental yet impactful steps, aims to create a compounding effect over time.
'The way the bank is doing in the past 4-5 quarters, no reason to see why we will not be able to achieve that.'
'In India, managers and the leadership almost glorify overworking.'
Many CEOs said they plan to give special leave to women employees so as to encourage their participation in the workforce.
At least 27 terrorists were killed and 155 passengers rescued by the security forces after Baloch militants hijacked a passenger train in a tunnel in Pakistan's restive Balochistan province on Tuesday, security officials said.
A special court in Mumbai denied bail to businessman Sujit Patkar, an aide of Shiv Sena (UBT) MP Sanjay Raut, in the alleged COVID treatment centres scam. The court found that Patkar played with the "life of people" by under-deployment of doctors and staff to generate proceeds of crime. The Enforcement Directorate (ED) alleged that Patkar's firm, Lifeline Hospital Management, fraudulently obtained a contract for supplying medical staff at Dahisar and Worli Jumbo Covid facilities during the pandemic, resulting in the generation of proceeds of crime (PoC) amounting to Rs 32.44 crore. The court noted that there are ample statements of the witnesses to show that a list of more staff members was prepared than being deployed on the instructions of Patkar.
'Life does not change in such a way that everything becomes easy. Struggle and hustle is there for everyone. 'The difference is that people have started knowing me.'
'Binary fission will happen -- startups will lead to more startups.'
Prime Minister Narendra Modi visited Assam and participated in a grand Jhumoir dance performance, celebrating 200 years of the state's tea industry and the rich cultural heritage of the tea tribe community. He played a traditional drum of the tea tribe community, highlighting the government's efforts to support the tea industry and uplift the tea tribe community. The event, attended by dignitaries and ambassadors from around 60 countries, showcased Assam's vibrant traditions to a global audience.
The Pune office of Ernst & Young (EY), in news after the death of a woman CA, was functioning since 2007 without a license under the Shops Act, which stipulates employees' welfare among other conditions, an official said on Wednesday. This is a violation of norms. A notice will be issued to the firm and based on its response, further action will be initiated, the official from the Maharashtra labour department said.
In the run-up to the assembly elections in Delhi, AAP supremo Arvind Kejriwal announced an Ambedkar scholarship for free foreign education of the city's Dalit students. The scholarship is a response to the BJP's "insult" of Ambedkar, Kejriwal said. Union Home Minister Amit Shah "insulted and made fun of Babasaheb Dr Ambedkar in Parliament. Crores of people who love Ambedkar were deeply pained," the former Delhi chief minister said. Kejriwal added that the scholarship is a response to the insult meted out by the BJP to the chief architect of the Indian Constitution. Under the scheme, any Dalit student from Delhi will be able to receive education in foreign universities. If they get admission in any such university, the Delhi government will bear the entire cost of their education, travel and accommodation. Children of government employees will also be eligible for the scheme.
A civic volunteer, identified as Chandan Das (31), died on the spot when he allegedly touched a live wire in Bud Bud in Purba Bardhaman district. The incident happened when he was out with a police team, they said.
Quiet hiring allows employees to expand their skill sets, making them more versatile and valuable to the organisation, says Sonica Aron, founder of the HR consultancy firm, Marching Sheep.
ELSS investments require a long-term commitment of at least seven years.
The body of one of the nine workers trapped inside a coal mine in Assam's Dima Hasao district was recovered by army divers on Wednesday on the third day of the rescue operations, officials said.
'Trackmen are the most neglected employees among Indian Railways.'
A lack of coordination between two rail employees during a shunting operation led to one of them getting stuck in the buffers of the engine and a power car, causing his death in the Barauni Junction of Bihar on Saturday, a preliminary inquiry has found.
The cause of the woman's death is yet to be ascertained.
Jailed journalist Mahesh Langa, already facing multiple charges, has been booked in a fresh case for allegedly extorting Rs 40 lakh from a real estate agent by threatening to malign his image and implicate him in a false case. This is the fifth FIR registered against him since his arrest in October 2023 for an alleged Goods and Services Tax (GST) scam. The latest case was registered based on a complaint by Janak Thakor, a real estate agent, who alleged that Langa threatened to write negative articles about him and trap him in a false case unless he paid the money. Langa has been in jail since his arrest in October and is facing charges in four previous cases registered by Ahmedabad, Gandhinagar, and Rajkot police.
Although a one-off tax provision negatively impacted the bottom line, HDFC Asset Management Company (HDFC AMC) posted an excellent operational performance in Q2FY25. The equity quarterly average assets under management (QAAUM) growth was 14.7 per cent quarter-on-quarter (Q-o-Q). And, equity AUM market share rose 50 basis points (bps) year-on-year (Y-o-Y) to 12.9 per cent.
The Jammu and Kashmir administration has transferred five Kashmiri Pandit employees from Kashmir to Jammu, a step welcomed by the community members who have been on a strike for over two months in support of the demand for their relocation over safety concerns.
