Payroll

The August 5 press release by ISF states that the new FAT rule has already halted onboarding for over 1,000 candidates within two days, affecting payroll cycles as well as compliance timelines of staffing companies.

EPFO adds record 19.5 lakh net members in May

The addition during the month is the highest since the first payroll data was issued in April 2018, the ministry said in a statement.

EPFO February payroll data: 15.48 lakh net members added, over 50% of new members in 18-25 years age group

EPFO February payroll data: Gender-wise analysis of payroll data shows that out of 7.78 lakh new members, around 2.05 lakh are women. Also, the net female member addition during the month stood at around 3.08 lakh.

US dollar advances after blowout payrolls number

The dollar index rose 0.6% to 106.96. Against the yen, the greenback gained 0.7% to 149.46.

Pvt firm employee who 'fraudulently' kept wife on payroll for over 10 years under police scanner

On being confronted with documents, Nath admitted that he had illegally transferred Rs 3.6 crore to his wife’s bank account from 2012 onwards.

Gold drifts higher in run-up to US payrolls data

Spot gold was up 0.1% at $1,832.24 per ounce, as of 0716 GMT. U.S. gold futures also rose 0.1% to $1,836.20.

Startups limit hiring senior staffers, gig workers get a pay hike

Payments to gig workers have also seen a growth of over 150 percent since October 2021. The report highlighted that many companies have started to employ a gig workforce over their permanent employees as well

EPFO Payroll: April records 9.23 lakh fresh additions to formal work

The new payroll additions recorded in April, the first month of FY23, is almost 45,000 less than the new additions in March, when the pension fund had added 968,163 new subscribers. But net payroll additions have gone up.

January records 8.64 lakh additions to formal work, a 3-month low: EPFO Payroll

Companies in states such as Maharashtra, Haryana, Gujarat, Tamil Nadu and Karnataka were lead states to add majority or 61 percent of the net payroll additions recorded in January, said the retirement fund body.

November sees 8.28 lakh additions to formal work, beats October score: EPFO Payroll

Companies and establishments in Maharashtra, Haryana, Gujarat, Tamil Nadu and Karnataka are the lead job creators. November also saw more women joining formal work than those in October.

ESIC scheme adds 11.55 lakh new members in January 2021

The NSO also said the report gives different perspectives on the levels of employment in the formal sector and does not measure employment at a holistic level.

US airlines nearing acceptance of payroll aid plan: Sources

Airline industry officials expect all major airlines to accept the grants in coming days, and U.S. Treasury Secretary Steven Mnuchin said on Monday he expects decisions to come out “very quickly.”

ESIC payroll data shows more than 19 lakh employees were added in November

This is the second-highest number of employees added in 2019; the numbers are substantiated by the Goods and Services Tax (GST) collection data for the month of November

70K jobs lost in Q2 2015-16 on dip in exports: Report

Nearly 70,000 workers were retrenched during the second quarter of 2015-16 due to sharp fall in merchandise exports, a report says.

Probability of US Fed hike in Sept up to 40% from 22%: JPM

In an interview with CNBC-TV18, Ian Hui says that the payroll number due this Friday will be closely monitored, and should the Fed hike rates unexpectedly, it would strengthen the US dollar, and be bad news for the market.

India an outperformer among emerging markets: ING Financial

Speaking to CNBC-TV18 Tim Condon of ING Financial Markets said that the US non-farm payroll data might come in at about 170,000. He also added that anything less than the 180,000 will be considered negative by the market.

Excelity Global Appoints Sumit Sabharwal as Managing Director

Excelity Global has appointed Sumit Sabharwal as Managing Director - SAARC & MEA.  Everstone Capital acquired the Asia Pacific payroll ...

Wall St Ahead: US stocks may weather grim profit outlooks

Market watchers say this trend could be no more than analysts being too optimistic at the beginning and needing to adjust downward.

CFO-on-demand services come at 75 per cent less cost!

A handful of entrepreneurs has launched shared and virtual CFO services, which are cost-effective and operate on a contractual basis

US senator calls for hearing on Pentagon payroll problems

Senator Tom Carper, chairman of the Homeland Security and Governmental Affairs Committee, said he found continuing pay problems faced by the U.S. military and their families "deeply disturbing."

Go long on rupee; targets 56/$ by year-end: Barclays

Barclays Capital's Nick Verdi advises investors to buy rupee at this stage. He believes if the US payroll numbers are better-than-expected, it would lead to a selloff in the US treasuries and perhaps a negative reaction in the emerging markets.

Why Anand Rathi Commodities says sell gold, silver & crude

We expect gold and silver to be bearish for the coming week and therefore advice clients to stay on the short side, commodity market expert, Priti Gupta, Anand Rathi Commodities said.

US jobs data point loss of momentum in recovery

Private payroll growth accelerated only slightly last month and claims for jobless benefits rose last week, suggesting the US labour market recovery was stalling after a strong performance early in the year.

Payroll worries end Wall Street's four-day rally

Wall Street's four-day rally ground to a halt on Thursday, with major indexes falling 1% on caution ahead of a key labour market report expected to underscore fears the economy is headed for another recession.

Is Rebekah Brooks still on News International payroll?

Former News International chief executive Rebekah Brooks is apparently still on the payroll of the Rupert Murdoch owned group, weeks after she quit under pressure over the phone hacking scandal, a media report said.