E-payments have surged in India since a shock ban of high-value bank notes in November last year. Providers such as Paytm, backed by Alibaba and SoftBank Group, have rapidly increased their share of the market amid predictions it will jump nearly 10 times to $500 billion by 2020.
The airline spent around Rs 2,316 crore in FY17 on salaries of 15,000 employees, out of which 2,000 are pilots that account for nearly half of the wage bill. In addition, employee cost was up by 26 percent on a year-on-year basis for the period.
Facebook-owned messaging app WhatsApp could soon make a foray into digital payment services starting with India and is looking to hire a digital transactions head for the country.
Leading stock exchange BSE has hiked its annual fee for companies listed on its platform from the next fiscal beginning April 1.
Regulator Irdai has proposed up to 50 per cent increase in insurance premium for cars, motor cycles as well commercial vehicles from April 1.
Kerala Chief Minister Pinarayi Vijayan today urged the Centre to immediately rollback the recent hike in price of domestic LPG cylinders.
The Labour Ministry is again facing resistance from the trade Unions as it seeks to raise EPFO minimum equity limit to 15 percent, say sources.
Tech Mahindra has halted its appraisal for employees with over six years of experience as the industry grapples with both global and domestic challenges. The suspension decision is pending a management review, according to a report on The Economic Times.
The minimum pension has been increased to Rs 9,000 per person besides a two-fold hike in ex-gratia amount for central government employees, Union Minister Jitendra Singh said today.
Following Finance Minister Arun Jaitley's comments on direct and indirect taxes, economists have not changed their estimates for the tax collection. According to them, better performance on indirect taxes was expected due to the higher fuel excise hike.
Aviation turbine fuel (ATF) price was today hiked by a steep 8.6 per cent and subsidised LPG rate raised by Rs 2 per cylinder, the 8th increase in cooking gas price in seven months.
Diversified conglomerate ITC Ltd was the top gainer in the trade today and was up 3 percent. The stock went up on the back of 14-15 percent price hike in two of its product offerings that is 69 mm cigarettes and 74 mm cigarettes.
The three major OMCs â€“ IOC, BPCL and HPCL â€“ were planning to hike prices. But the government is likely to ask them to increase prices in protracted manner, sources added.
The company will increase prices of its passenger vehicles starting from Rs 5,000 up to Rs 25,000 depending on the model due to various macro-economic factors.
According to Korn Ferry Hay Group 2017 Salary Forecast, India salary growth is pegged at 10 percent, while real wages are expected to rise by 4.8 percent.
"This has been in the works for some time and we are glad that we are launching the service from India, which has our largest userbase. Like voice calls, video calls are also going to be dynamic i.e. depending on the quality of network, the video will adjust accordingly," WhatsApp Head of Business Neeraj Arora said.
Homegrown auto major Tata Motors is planning to increase prices of its passenger vehicles during the ongoing festive season to offset rising input cost.
CNBC-TV18's Megha Vishwanath caught up with Kavin Bharti Mittal to talk about Hike's plans to foray into Bots and the like.
The allowance amount is likely to increase by around 10 percent from 14-15 percent if the Indian economy does well, says retired Justice AK Mathur who led the 7th Pay Commission panel.
The Union Cabinet on Wednesday cleared the 7th Pay Commission recommendations. The report had suggested a 15 percent hike in base salaries of government employees. The report was finalized by the Empowered Committee of Secretaries.
Talking about what is affecting the commodity space, Lawler says it is mainly Janet Yellen comments yesterday. But even the comments were not too worrying in the short term due to the indication of a possible push back of rate hike to September.
While demanding a reduction in excise duty, transporters said the increase in the prices of diesel has hit the transporters hard and made it it difficult for them to earn their livelihood amid slump in the market.
SoftBank's sales for 2015-16 totalled 9.15 trillion yen (USD 84 billion), up nearly 8 percent from the previous financial year.
"Our team at Viber has been working hard to give you more control over your private conversations. Today we are taking another step in this direction by making your private communication even safer through end-to-end encryption, hidden chats and message deletion," Viber COO Michael Shmilov said in a blogpost.
The city-based firm, which posted better-than-expected results in the January-March 2016 quarter, said it is also looking at offering equity to incentivise top performers.