Infosys

In a sign of approaching headwinds, IT firm Infosys has cut the average variable payout at an organisational level to 60 per cent for the fourth quarter of the financial year 2022-23 (FY23), according

With 10% salary hike, FY19 a good year for employees of listed firms

The highest salary hikes are expected in the high-tech industry in 2023, followed by the Software Service Outsourcing (SSO) industry

Wipro

Wipro has proposed to pay 87 per cent of the variable pay component to over 80 per cent of its workforce, according to a communication in the company's internal email

Tata consultancy services, TCS

TCS announced 100 per cent variable pay for its grade C2 employees, and the remaining 30 per cent or senior employees will get variable pay in line with their business performance

Companies using stay interviews to contain high attrition rates: Report

In the stay interviews, companies have a conversation with their employees to show that they are important to the organisation

Infosys has decided to reduce the average variable payout of employees to 70 per cent due to falling operating margins in the first quarter (Q1) of 2022-23

Rs 2000, rs 500, currency, rupee, money, demonetisation, note ban

The employees who will benefit from this include workers in auto and auto ancillary, manufacturing, consulting and chemicals units besides pockets of the technology, banking and financial industries

Overseas institutions are also a better bet for Adani. Tapping Indian banks, especially state-run lenders, would be a tad cheaper, but might invite greater political scrutiny ahead of general election

Adani, Adani Group

454 members voted in favour of the Bill, while two voted against it.

Lok Sabha

As they did in June, Fed policymakers at the median still see the central bank's benchmark overnight interest rate peaking this year in the 5.50%-5.75% range

US Federal Reserve

A fraction of the PLI incentives has been claimed so far, prompting the government to allocate unused funds to new sectors

Indian economy

Stock market Update on Thursday, September 21: ICICI Bank, SBI and Mahindra & Mahindra, down up to 3 per cent, were the major losers among the  Sensex 30 stocks.

bear market, stocks, sensex, nifty, loss, growth, crash, index

The Congress on Monday urged the government to bring Women Reservation Bill in the parliament and highlighted the issue of unemployment saying rising joblessness will finish democracy in the country.
During a discussion on 'Parliamentary Journey of 75 years Starting from Samvidhan Sabha  Achievements, Experiences, Memories And Learnings' leader of the opposition Mallikarjun Kharge from Congress said, "Women Reservation Bill should come. We all tried. This issue if you (Chair) raise then they will."
Kharge highlighted the small numbers of women lawmakers in parliament, saying they constituted only 14 per cent in both houses combined, while their number in legislative assemblies is just 10 per cent.
The proportion of women MPs was just five per cent in first Lok Sabha in 1952.
Kharge told the House that the proportion of women members had risen to 28 per cent from two per cent in the US Parliament while in Britain, it jumped to 33 per cent from three per cent.
Ram Nath Thakur of JD(

Congress president Mallikarjun Kharge

Rajya Sabha Chairman Jagdeep Dhankhar on Monday said the strategy of "weaponising disruption and disturbance" will never be accepted by people and asked MPs to avoid confrontational posturing.
As the Rajya Sabha proceedings began on the first day of the five-day Parliament session, Dhankhar, in his opening remarks, said, "Traversing the seven-decade journey, from Samvidhan Sabha to the present day in Amrit Kaal, these hallowed precincts have witnessed many milestones."
"Hon'ble members, this journey had historical moments -- from 'Tryst with Destiny' on the midnight of August 15, 1947, to the unfolding of the innovative forward-looking GST regime on midnight of June 30, 2017, and now this day," the Rajya Sabha chairman said.
The five-day 261st session of the Rajya Sabha started on Monday with a discussion on 'Parliament Journey of 75 years starting from Samvidhan Sabha -- Achievements, Experiences, Memories and Learnings'.
The chairman said that the deliberations in the Constituent

Rajya Sabha Chairman Jagdeep Dhankhar

Senior Congress leader Shashi Tharoor on Monday said Prime Minister Narendra Modi was "selective" in his speech in Parliament and did not talk about the rights given to people during the Manmohan Singh government.
While acknowledging that the prime minister said some "very good things" in his speech and spoke well, Tharoor said there had also been failures under his prime ministerial tenure such as when demonetisation happened, there was no discussion in Parliament.
Prime Minister Modi lauded the vision of first prime minister Jawaharlal Nehru and subsequent leaders, including Lal Bahadur Shastri, P V Narasimha Rao and Atal Bihari Vajpayee, but also reminded the Lok Sabha of the 'cash-for-vote' scam during the Manmohan Singh government.
Reacting to the prime minister's speech, Tharoor said, "He (Modi) said some very good things but he also did not say some things which he should have said. Our country has had many successes and failures and he chose according to his will, that is fi

Shashi Tharoor, Congress MP Tharoor

Amid heightened tensions at their borders, Pakistan's caretaker Prime Minister Anwaar-ul-Haq Kakar has written to his Afghan counterpart Mullah Muhammad Hasan Akhund that the two countries should work together to achieve common goals, a media report said on Monday.
"Pakistan has close fraternal relations with Afghanistan as we are neighbours and brothers. Pakistan-Afghanistan relations are rooted in religion, culture and history," The News International newspaper reported on Monday.
Kakar's letter to Afghanistan's interim Prime Minister comes amid the heightened tensions between Pakistan and Afghanistan due to rising cross-border attacks on Pakistani soil, it said.
Islamabad blames the Afghan Taliban for supporting Tehreek-e-Taliban Pakistan (TTP), a dreaded militant group fighting to impose the law of Sharia across Pakistan, which frequently carries out attacks in cash-strapped Pakistan.
Kakar said that Islamabad was determined to further strengthen bilateral, political, security,

Pakistan flag

Only 2,000 of the 10,500 manufacturing units in the country have the World Health Organization's GMP certification

pharmacy, drugs, medicine, pharma companies, pharmaceuticals

The government introduced the Women's Reservation Bill in the Parliament almost three decades after it was first drafted

Parliament

Former RBI Governor Bimal Jalan said it is better if the person's expertise is considered than whether he/she is a bureaucrat or a private sector executive

TRAI

The fiscal burden of states will increase over time

pensions, funds, retirement, investments, investors, savings

Canada said it was expelling a top Indian diplomat Monday as it investigates what Prime Minister Justin Trudeau called credible allegations that India's government may have had links to the assassination in Canada of a Sikh activist.
Trudeau said in Parliament that Canadian intelligence agencies have been looking into the allegations after Sikh leader Hardeep Singh Nijjar, a strong supporter of an independent Sikh homeland known as Khalistan, was gunned down on June 18 outside a Sikh cultural centre in Surrey, British Columbia.
Trudeau told Parliament that he brought up the slaying with Indian Prime Minister Narendra Modi at the G-20 last week, that he told Modi that any Indian government involvement would be unacceptable and that he asked for cooperation in the investigation.
Canadian Foreign Minister Mlanie Joly said the head of Indian intelligence in Canada has been expelled as a consequence. "If proven true this would be a great violation of our sovereignty and of the most basic

Hardeep Singh Nijjar

MEA's statement comes after Canada expelled an Indian diplomat on Monday as it investigates credible allegations that India's government may have had links to the assassination in Canada

Canadian Prime Minister Justin Trudeau arrives for his daily press conference on COVID-19, in front of his residence at Rideau Cottage in Ottawa. Photo: PTI

Justin Trudeau

Multiplex Association of India (MAI) on Thursday announced that the National Cinema Day will be held on October 13 this year.
Movie enthusiasts will be charged only Rs 99 per admission at cinema halls across the country, the national multiplex trade body said in a press release.
Over 4,000 screens at multiplexes from India, including PVR INOX, Cinepolis, Miraj, and Delite, have teamed up to participate in the National Cinema Day celebrations, it stated.
"This special occasion brings audiences of all ages together for a day of cinematic bliss, celebrating the incredible success of multiple films at the box office this year.
"It's a heartfelt 'thank you' to all the moviegoers who contributed to this success and an open invitation to those who haven't yet returned to their local cinema," the association said.
According to MAI, cinegoers can watch any show of any film on October 13 for Rs 99, excluding the recliner and premium formats.
Last year, the association marked the National C

theater

Luxury taxis in West Bengal will be allowed to be painted in any colour other than white or cream for a fee of Rs 20,000 for each vehicle, a notification issued by the state transport department said.
The authorities will grant permission for motor cabs (luxury taxis), rendering limousine service, to be painted in any colour other than white or cream, for which an amount of Rs 20,000 will be charged as an application fee from the interested service provider for each vehicle, said the notification, issued by Transport Department secretary Saumitra Mohan on September 19.
Necessary amendments in the West Bengal Motor Vehicles Rules, 1989, shall be made in due course, it said.
According to the notification, the department has been receiving proposals for granting permission for all Bengal luxury taxi permits for vehicles to be painted in any colour other than white or cream.
"As per Rule 270(2) of West Bengal Motor Vehicles Rules, 1989, the state transport department may, by order, all

taxi

Protests erupted in various parts of Cauvery river basin districts of Karnataka after the  Supreme Court refused to interfere with orders of the Cauvery Water Management Authority and Cauvery Water Regulation Committee, directing the state to release 5,000 cusecs of water to neighbouring Tamil Nadu.
Farmers organisations and pro-Kannada organisations staged protests in Mysuru, Mandya, Bengaluru and other parts expressing their anger and urging the state government not to release water to Tamil Nadu.
Karnataka Rajya Raitha Sangha and Hasiru Sene (farmers organisation) staged a protest at Basaveshwara circle in Mysuru, and raised slogans: "Where is water to release? And we demand justice."
They have also planned to lay siege to the Command Area Development Authority office in Mysuru, as a mark of protest.
Pointing out that Cauvery and Kabini basin taluks have already been declared as drought hit, a farmer leader alleged, CWMA orders are in favour of Tamil Nadu as it is without taking

Protests erupt in Karnataka as SC refuses to interfere with orders to release Cauvery water to TN

Supreme Court

Event will be exclusively for company's Apache RTE motorcycles that will make debut

TVS Motor company

The International Day of Peace has started by the UN General Assembly and the day is dedicated to strengthening the ideals of peace and marking an end to conflict and violence worldwide

Heatmap

Variable pay

Sign of the times: Infosys cuts employees' variable pay for Q4 FY23 to 60%

Salary hikes in India have now reverted to pre-pandemic level: Mercer

80% of Wipro's employees will get 87% variable pay for the third quarter

TCS announces 100% variable pay for 70% of its employees for third quarter

Companies using stay interviews to contain high attrition rates: Report

Top Headlines: IT's ability to fund trade deficit dips, Infy cuts variables

Good news for employees: Companies may pay 100% variable salary this year