Infosys has laid off 195 trainees for failing internal assessments, according to emails sent by India's second largest IT services firm. It is the company's third layoff of trainees this year. As many as 320 trainees were dropped in February on similar grounds and 240 earlier this month.
Government employees in Bangladesh locked down the main gate of the Bangladesh Secretariat in Dhaka, protesting a new service law that allows for easier dismissal of officials for misconduct. The protest, which lasted for about half an hour, disrupted government operations. The employees also threatened to continue their protests until the ordinance was scrapped. Meanwhile, the protest by employees of the Dhaka South City Corporation, demanding the installation of BNP leader Ishraque Hossain as its mayor, has brought administrative services to a halt. These protests, coupled with concerns raised by the business community and the military, highlight a growing sense of unease in Bangladesh over the policies of the interim government.
The government on Monday invited applications for the post of chairman of the Securities and Exchange Board of India (Sebi). The current SEBI chairperson Madhavi Puri Buch's three-year term ends on February 28. Buch assumed charge at the helm of Sebi on March 2, 2022.
Tax evaders, BEWARE! The Income Tax department is using AI data analytics to bust fake deductions, flag HRA fraud, and trace digital footprints.
The Supreme Court has extended the services of terminated teachers in West Bengal who were found untainted by the CBI, providing relief to the state. The court did not, however, extend the services of grade 'C' and 'D' employees of state-run and aided schools. The court directed the state government to start the recruitment process by May 31 and conclude it by December 31.
Wouldn't it be better to reach 45 with a backup engine of passive income that helps you glide through these years instead of grinding, asks Ramalingam Kalirajan
Ishan Kishan and Shreyas Iyer were left out from the list of centrally-contracted players last year, after failing to show up for domestic cricket despite a directive from the BCCI.
The Income Tax Department can easily detect such illegal activities and the penalties could be huge.
By choosing your study destination carefully, leveraging government schemes, comparing loan options, and adopting frugal living practices, Indian students can acquire global credentials without mortgaging their futures.
'I talk to college friends who are not in the creative industry. They are running start-ups and companies.' 'They're going through similar things. There is a lot of competition and stress for people.'
Real Madrid coach Ancelotti goes on trial in Spain for tax evasion.
'We do not want a situation where we onboard people and have challenges of deployment.'
A parliamentary panel has criticized the Indian government for withholding funds from states that have not agreed to implement the PM SHRI schools scheme, calling the reasoning behind the decision "not factual or justified." The panel has recommended the immediate release of pending funds to states like Kerala, Tamil Nadu, and West Bengal, which have been significantly impacted by the delays.
Besides wrong selection of ITR form, many professionals claim deductions they are ineligible for.
The Delhi high court has refused to accept the apology of TMC MP Saket Gokhale in a sealed cover over a plea of former diplomat Lakshmi Murdeshwar Puri and said he has "tarried and procrastinated" but not complied with its verdict.
IT attrition rate is expected to be around 12% to 13% this year.
Drawing comparisons with other professional sports, Moses said track and field athletes have missed out on the financial boom due to the lack of a players' union.
Tax experts answer your budget-related queries
Marshals had to forcefully evict the BJP MLAs who had surrounded the Speaker's chair.
'Yes I am learning a lot from Saqlain Mushtaq because of his strong cricket coaching background. But it does not mean he is doing me favours.'
People with modest incomes can also build a crore-worthy portfolio by investing small amounts consistently, says Ramalingam Kalirajan, and shows how the magic of compounding works.
India's second richest person Gautam Adani received a total remuneration of Rs 9.26 crore in the fiscal year ended March 31, 2024, lower than most industry peers as well as his own key executives.
In 2025, India's tech job market is thriving, with tech professionals seeing a 9.5% salary increase and roles like AI/ML architects earning up to Rs 95 lakh annually.
The allocated amount is substantially lower than the Rs 1,803.01 crore earmarked in 2023-24.
'Every actor has to really look within, because a lot of them are not really in touch with reality.'
The journey of life will always come with its temptations; it is the ability to stick to your goal that will eventually lead you to success. A fascinating excerpt from Manish Vij's must-read book, Brick by Brick.
Systematic Investment Plan (SIP) and Systematic Withdrawal Plan (SWP) are very crucial. Here, we will help you understand how these tools can pave the way for a stress-free retirement.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
While MBBS continues to be the most sought-after stream for medical aspirants, post pandemic, the demand for skilled nurses and physiotherapists are on the rise, notes Nayagam PP, career counsellor and founder of EduJob360.
Rajasthan Police personnel in several districts of the state boycotted Holi celebrations on Saturday to protest their demands, including promotions and removal of salary discrepancies. Former Chief Minister Ashok Gehlot urged the current Chief Minister to intervene and address the police personnel's grievances, while Cabinet Minister Kirodi Lal Meena expressed support for their demands and promised to raise the issue with the government. The police personnel are calling for timely Departmental Promotion Committees (DPCs) meetings, an increase in mess allowance, and other benefits. The boycott highlights the ongoing concerns of police personnel regarding their professional development and financial well-being.
Pakistan's newly-elected President Asif Ali Zardari on Tuesday announced that he would not draw any salary during his tenure as part of his bid to help the cash-strapped country face the challenging economic hardship.
rediffGURU Radheshyam Zanwar offers guidance on the various courses students can pursue after completing Class 10 and 12.
Salaries in India are expected to increase by 9.5 per cent in 2024, slightly lower than the actual increase of 9.7 per cent in 2023, largely in response to market dynamics, according to global professional services firm Aon plc. According to the firm's annual salary increase and turnover survey 2023-24 India, that analysed data across 1,414 companies from almost 45 industries, salary increase in India seems to have stabilised at high single digits, after the post-pandemic high increments in 2022. "The projected increase in salaries in the Indian formal sector indicates a strategic adjustment in response to the evolving economic landscape.
Tata Consultancy Services (TCS), India's largest IT services firm, is planning to increase salaries by an average of 7-8 per cent for its offsite employees and 2-4 per cent for its onsite staffers in 2024-25. High performers can expect a raise of 12-15 per cent. The company, which had a headcount of 603,305 as of December 31, 2023, will be closely looking at the promotions and the process may also get pushed to the first quarter of FY25, revealed a source on condition of anonymity, because he is not authorised to speak to the media.
Rishabh Pant's IPL 2025 campaign hit a new low -both statistically and symbolically - on Sunday, at the HPCA Stadium in Dharamshala.
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
The Supreme Court of India has invalidated the appointment of 25,753 teachers and other staff in West Bengal's state-run and state-aided schools, deeming the selection process "vitiated and tainted." The court ordered the state government to conduct a fresh selection process within three months. The decision comes after a Calcutta High Court verdict in April 2024, which also annulled the appointments. The apex court, while upholding the high court's order, made some modifications, including exempting disabled employees from returning their salaries. The case stemmed from alleged irregularities in the 2016 recruitment process by the West Bengal School Service Commission (SSC), involving OMR sheet tampering and rank-jumping. The Supreme Court had previously termed it a "systemic fraud." Former West Bengal education minister Partha Chatterjee and Trinamool Congress MLAs Manik Bhattacharya and Jiban Krishna Saha are among the accused being investigated in the recruitment scam.
Do you have financial planning or income tax queries? Ask rediffGURU Anil Rego.
A disgruntled driver allegedly set a minibus on fire near Pune, killing four employees and injuring ten others. The driver, Janardan Hambardekar, was angry after his salary was cut and procured benzene to start the fire. He is currently hospitalized and will be arrested later.
Entry level engineers for these roles can be paid between Rs 4 lakh to Rs 8 lakh annually, which can go beyond Rs 30 lakhs for people with more than eight years of experience.
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