The new definition under the Code of Wages, 2019, includes three components: basic pay, dearness allowance and retention payment.
IT giant Dell on Friday reported a 48 per cent decline in net income and said it could cut jobs in the Asia-Pacific region as its plans to save $4 billion to tide over the economic slowdown.
Novak Djokovic reached the Wimbledon quarter-finals for the 16th time but it proved a hard day's work at his Centre Court office.
Connect with professionals in your field through LinkedIn, industry events and workshops. Attend job fairs, conferences and meetups to expand your network. Apply for internships or short-term projects to gain practical experience, suggests rediffGURU Aasif Ahmed Khan.
'...the auto industry to get back to 7% to 8% annual growth.' 'High growth in the SUV segment alone will not achieve this, as it is a small market.'
Let's have a look at companies that have laid off most employees.
The 9-to-5 structure feels outdated to the Gen Z generation.
The job cuts comes in the wake of the banking sector, especially investment banking activities, facing difficult times amid the persisting European debt turmoil.
The bank made a Rs 67 crore net profit, up 21% from the previous year. Its deposits grew 8%, the loan book 10%. Net bad loans dropped from 7.53% to 6.07%. So why was the banker, who headed the bank, not promoted?
In a major cost-cutting exercise, private sector air-carrier Kingfisher Airlines is believed to be considering about 2,000 job cuts and longer working hours for its staff, among various options.
Nilakshika Silva's blistering 33-ball 56 powered Sri Lanka to a thrilling three-wicket victory over India in the women's Tri-series, ending a seven-year losing streak against their rivals.
Scottie Scheffler corrected swing issues in time to hold off a spirited effort by Spaniard Jon Rahm for a runaway victory and third career major title.
Captain Kevin De Bruyne scored in his penultimate game at Etihad Stadium as Manchester City beat Wolverhampton Wanderers 1-0 on Friday to climb to third in the Premier League and boost their chances of Champions League qualification.
About a third of India Inc may reduce its workforce by up to 20 per cent if the gloomy economic scenario persists during the year, a survey has said.
rediffGURU Major Inderpaul Singh (retd) offers career guidance and helps students and individuals handle challenges in their professional lives.
'You think: Did I fail the people I had to let go? Did I promise something I couldn't deliver? That day (when we had to sack 70 people) will stay with me.'
Telecom Italia is targeting to reduce the debt significantly over the period 2009-2011. It plans to reduce net debt to earnings before by interest, tax and depreciation and amortisation ratio to 2.3 at the end of 2011 from over 3 at present.
Royal Challengers Bengaluru and Virat Kohli washed away 18 years of hurt and disappointment, conquering Punjab Kings by six runs to lift their maiden Indian Premier League title.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Manchester United's most successful manager Alex Ferguson will step down as a global ambassador after the club's part-owners INEOS ended his multi-million pound contract.
rediffGURU Shekhar Kumar, senior manager, talent acquisition, at the Shri Venkateshwara University in Gajraula, Uttar Pradesh, offers career advice on how to optimise your skills, build your network and make the most of your workplace.
Suryakumar Yadav's doughty 73 not out proved to be the difference as Mumbai Indians sealed the fourth and final play-off berth with a 59-run trouncing of Delhi Capitals.
Ajay Devgn and Honey Singh are in the mood for Money Money, and Rediff's Mayur Sanap, Hitesh Harisinghani and Afsar Dayatar capture the drama.
'There is no immediate threat to the government, and they would prefer the growth agenda.'
The Indian industry is paranoid about the USA's plan to impose reciprocal tariffs and wants early conclusion of a bilateral trade agreement, sources said on Wednesday. They said that the talks for the proposed bilateral trade agreement are going well.
Her father even called for death penalty for Muskan Rastogi and her lover Sahil who allegedly stabbed Saurabh Rajput to death, cut up his body and sealed the remains in a drum filled with cement.
Congress leader Sonia Gandhi's son-in-law Robert Vadra has triggered a row with his comments suggesting that non-Muslims were attacked in Pahalgam because terrorists feel Muslims are being "mistreated" in the country. The BJP has accused him of using the language of terrorists and demanded an apology. Vadra condemned the Pahalgam terrorist attack but suggested that communal issues and a feeling of vulnerability among minorities are contributing to the violence. He said it is time to separate politics and religion and called for introspection by political parties. Vadra's remarks have been met with strong condemnation from the BJP, which accused him of playing politics on the issue and demanded a clarification from the Congress party. The BJP has also criticized Vadra for justifying the actions of terrorists.
'You've got to be quite smart against him. If he gets on a roll, he's pretty tough to stop. As we've seen, he has bowled extremely well'
Time Warner Inc's popular business magazine Fortune is planning to publish fewer issues annually and make other changes that could result in job cuts, says a media report.
Kohli follows Rohit into retirement: Can Next Gen stars emulate India's batting luminaries?
President Trump with his MAWA has unwittingly provided us this opportunity. Will PM Modi grasp this and leave a legacy of an ushered in scientific and technological revolution in India, asks Colonel Anil A Athale (retd).
India and the US have decided to hold sector-specific talks in the coming weeks to finalise the structure of the proposed bilateral trade agreement (BTA), the government said on Saturday. The engagement between the two countries came in the backdrop of the USA's threat to impose reciprocal tariffs on its key trading partners, including India, on April 2.
Finance Minister Nirmala Sitharaman on Tuesday announced income tax relief for the middle class, a Rs 2 lakh crore outlay for job creation schemes over the next five years and a spending splurge for states run by her party's new coalition partners as she unveiled the Modi 3.0 government's first budget after the general elections.
EPS' acceptance of Amit Shah's proposal for an electoral alliance with the BJP is being interpreted to mean how the AIADMK has signed up the NDA national leader as a junior partner. Not many have appreciated EPS for this strategic move that has now forced the BJP to play second fiddle to the AIADMK. This has meant that the BJP has buried its ambitions of capturing power in Tamil Nadu now, and is willing to wait until after the 2029 Lok Sabha polls, observes N Sathiya Moorthy.
"About 450 head office and support staff are being made redundant by Woolworths as the turmoil surrounding the stricken retail chain's future continues," the Guardian website said. Deloitte, which has been appointed as the administrator for the collapsed retail chain said that the job cuts would be in Woolworths' Central London and Rochdale offices and not in the 815 stores of Entertainment UK, its DVD and CD distribution business, The Times said.
Financial services major Citigroup is planning to slash as many as 50,000 jobs in the next five to six months and also intends to reduce costs by 20 per cent.The number of jobs cuts may rise as high as 50,000 in order to bring the company's workforce to about 300,000 worldwide.
Injury-hit India are looking to draw inspiration from history when they take on arch-rivals Pakistan in their Champions Trophy opener in Centurion on Saturday.
Export-led Indian IT sector is not directly hit by Trump's tariff order on goods, but there could be worrisome indirect bearings on it arising out of possible slowdown in decision-making and GDP growth in America over higher tariffs, which may then cloud demand from specific verticals, according to some analysts.
In response to the panic triggered by Trump's trade policies, the RBI net sold approximately $43 billion in the second half of FY25 to curb volatility, as the rupee plunged to a low of 87.95 per dollar in February this year.
He said Gujarat wants to move forward but is unable to see the way ahead, and the Congress is unable to show it the way.
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