The salaries of chief executive officers of ICICI Prudential Mutual Fund, HDFC Mutual Fund, Birla Sun Life Mutual Fund and Reliance Mutual Fund have increased in the last fiscal year
The highest increment of 12.5 per cent is reported by the e-commerce sector, the lowest of 8.1 per cent is that of logistics, the survey said.
After a month's lull, co-founder Narayana Murthy, who has taken on the management over what he says are poor corporate governance standards at Infosys, has fired a fresh salvo.
RBI Governor Urjit Patel and his deputies have got a big pay hike with the government more than doubling their basic salary to Rs 2.5 lakh and Rs 2.25 lakh per month, respectively.
Congressman Darrell Issa, who recently introduced the legislation which calls for an increase in the salary of H-1B workers, insisted that his move would bring the best talents to the US and help fix the flaws in the existing H-1B system.
Tata Motors, largest manufacturer in the Indian automotive industry, is planning a big organisational restructuring, according to sources. The company will launch VRS scheme for those employees who wouldn't be absorbed in the new management.
HR consultancy Aon Hewitt's annual Salary Increase survey projects a drop in pay increases to an average of 9.5 percent across industries. It was 10.2 percent in 2016.
Reports indicate that as against offers of Rs 2.25 lakh per annum that used to go out for freshers two decades ago, they have risen only to Rs 3.5 lakh now, which suggests a massive decrease in real wages from an inflation-adjusted perspective.
Labour secretary M Sathiyavathy, on February 8, 2017, clarified that the payment of workers’ statutory dues in the construction sector, is the sole responsibility of the principal employer. Addressing the 42nd Annual Day celebrations R
Midcap software firm Hexaware Technologies reported a 3.4 percent revenue growth in constant currency but according to the company‘s chief R Srikrishna, its profitability will stay flat in calendar year 2017 as the margin growth will be in line with the revenue growth.
The startup will be a finance company which shall provide loans to the short term small loan borrowers. It will cater to the market of Individuals who do not have a credit history or have a bad credit history and are employed with a consistent salary record.
iPhone maker Apple has cut its CEO Tim Cook's salary by a whopping 15 percent for 2016 as annual sales declined for the year, missing targets that also led to the tech giant's first annual revenue decline in 15 years.
According to filings made by Flipkart's Singapore registered holding company, the company's revenue rose to Rs 15,403 crore in FY16.
The hopes of FMCG companies on the back of a good monsoon and the Seventh Pay Panel award came partially unstuck after the government's sudden move to pull back currency notes upset the applecart towards the end of 2016.
According to Mercer's '2016 India Total Remuneration Survey' released today, 10 percent salary increase is expected across industries in 2017, similar to 2015 and 2016.
A report by Mercer has forecast a 10.8 percent salary increase in India and 9.2 percent in Vietnam in 2017.
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.
RBI Governor Urjit Patel gets a little over Rs 2 lakh as salary and has not been provided with any supporting staff at his residence, the central bank has said.
Digital payments facilitator ItzCash has signed up with 100 small- and large-sized companies to offer pre-loaded salary cards for their employees in the wake of cash withdrawal limits from banks post ban on Rs 500/1000 notes.
Amid salary day blues, Mamata Banerjee today alleged her state West Bengal and some others were being discriminated against in supply of new currency notes and demanded that RBI furnish details of bills distributed to each state.
US President-elect Donald Trump has said he would take USD 1 as his salary a year and not the USD 400,000 that comes with the US president's job and will refrain from going on any vacation.
Speaking to CNBC-TV18 Keki Mistry, Vice Chairman & CEO, HDFC said that most property transactions that will take place today are ones which are cheque payments.
The report further added that the PMO has given a nod to consider a recommendation made by the Joint Committee on Salaries and Allowances of Members of Parliament.
Salary of President and Vice-President may go up three times as the Union Home Ministry has prepared a proposal for raising the emoluments of the country's two top functionaries.
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