Compensation

Among the 26 companies of Nifty 50 index that have disclosed executive compensation so far, 10 companies reported hikes exceeding 10 percent with 11 witnessing single-digit increases and the balance five seeing a decline.

Growth did not trickle down to wages in informal manufacturing

Informal manufacturing witnessed employee compensation decline in FY24, even as wages in private manufacturing corporations witnessed double digit growth

Akasa Air fined Rs 10 lakh by DGCA for denying boarding to passengers

The passengers had booked a flight from Bangalore to Pune on Akasa flight QP 1437, scheduled for 2050 IST. However, the aircraft was grounded due to foreign object damage, and a replacement plane with nine non-operational seats was provided. As a result, seven passengers were denied boarding.

It pays to be self-employed in Goa, salaried in Chandigarh

Urban India’s gender income gap varied across states. Haryana stood out, with women’s earnings surpassing double the national average. On the other hand, Jharkhand, Odisha and West Bengal had the highest income disparity, with women earning around half of men’s monthly income.

Brazilian cattle rancher ordered to pay $50m compensation for illegally deforesting areas of the Amazon

A Brazilian cattle rancher was ordered by the federal court last week to pay a compensation of $50m for illegally destroying the forest of Amazon and doing deforestation. The Brazilian cattle rancher named Dirceu Kruger, has caused the climate impact in the region, this case was filed by Brazil’s attorney general’s office, representing the Brazilian Institute of Environment and Renewable Natural Resources (Ibama).

Bad idea to include petroleum in GST, says former chief economic advisor Arvind Subramanian

Absorb cess in regular rate structure so that it is available for redistribution, former CEA argues

Singapore Airlines offers compensation to turbulence flight passengers

Passengers with minor injuries have been offered $10,000 and those with serious injuries can discuss an offer to meet their specific needs, the airline said.

Air India offers Rs 29,000 vouchers to over 200 Delhi-San Francisco flyers after 30-hour flight delay

Air India Executive Vice President and CEO Klaus Goersch told the passengers in a letter: 'Please allow me to sincerely apologise, on behalf of Air India, for the extended delay in bringing you to San Francisco, which was caused by several technical delays and other operational constraints.'

Rule to compensate consumers for gratuitous load shedding must be implemented by state power regulators: RK Singh

"State governments are free to declare subsidies but they have to be paid for. Power is not free and it has to be paid for," the Union minister said.

SpiceJet Q1 results: Airline flies back into black with net profit of Rs 197.5 crore

The revenue for the Q1FY24 came in at Rs 2,003.5, 18.5 percent lower from Rs 2,457 crore in the same period a year ago.

Why Indian PSU bank chiefs deserve better pay

Higher pay for PSU bankers would not only recognise their efforts but also motivate them to excel in risk management

SpiceJet delays FY23 financial results as key audit member incapacitated

A source familiar with SpiceJet's operations said that the airline has likely delayed its results to mitigate the impact of a weak result at a time when other airlines are reporting record profits.

Whistleblower drags Invesco to court, seeks Rs 56 crore in compensation

The whistleblower worked in the position of a fund manager in Invesco and was fired from his position only a few days after he raised a complaint against the flawed practices and irregularities adopted in the management of fixed income schemes in the firm.

Chintels Paradiso case: Gurugram administration directs developer to settle residents' compensation claims in four months

The developer has agreed to reimburse homeowners the cost incurred on interiors as well, besides Rs 6,500 psf, and the stamp duty.

Greater Noida Authority approves Rs 4,378 crore budget for FY24; allocates Rs 450 crore for Jewar airport

The Authority has also set aside Rs 1,000 crore for acquiring land in its jurisdiction. Also, land allotment rates have been revised upwards.

The Competition (Amendment) Act: It’s ‘Settled’ now, and ‘Committed’ to the cause of competition in India

The introduction of the settlement and commitment regime should enable the CCI to conclude trials quickly and place its focus on specific sectors and matters, which, it believes, require more time and resources.

AI revamps compensation structure for pilots, cabin crew

Air India will also hike the pilots' per-hour flying and flying allowance rates.

Bhopal gas tragedy: Survivors' groups slam SC's dismissal of plea for more compensation

The tragedy caused the death of over 3,000 people due to the release of methyl isocyanate (MIC) gas on December 2-3, 1984, and affected 1.02 lakh more people.

YEIDA to file appeal before NCLAT within a week for extra compensation of Rs 1,700 crore to be paid to farmers

Homebuyers and farmers are both our priority and a fine balance has to be struck between the two; YEIDA does not intend challenging the resolution plan, says YEIDA CEO

Homebuyers in Gurugram's Chintels Paradiso demand compensation at market rate

The revised evaluation report has been submitted to the district administration and a compensation order is likely to be issued in 2-3 days.

Tunisha Sharma case: Give actor's mother Rs 25 lakh compensation, says Union Minister Athawale

Sharma (21) was found hanging in the washroom on the set of a television serial near Vasai in Palghar district and Khan, her co-star, was held on December 25 for allegedly abetting her suicide. He is currently in police custody.

SpiceJet widens net loss for September quarter to Rs 838 crore

The airline reported a net loss of Rs 577.7 crore in Q2FY2023. It had reported a net loss of Rs 561.7 crore in the second quarter of 2021-22.

Punjab: CM Bhagwant Mann orders Rs 32 crore compensation to Fazilka district for damage caused by 2020 floods

After a meeting with MLAs from the district, Mann said the government has pegged the losses to crops at Rs 28 crore while it estimated Rs 4 crore loss to houses and other establishments.

SpiceJet flies back into the red with April-June net loss rising to Rs 789 crore

The airline's revenue from operations for April-June came in at Rs 2,457 crore, more than double when compared to Rs 1,090 crore registered in the same period a year ago.

Sister of deceased govt employee can't be given compassionate job instead of his wife: Allahabad High Court

In the present case, there is no dispute of fact that the deceased employee was married, and his wife is alive and also claiming appointment on compassionate grounds.