Wage Hike

Salary hikes have been rolled out to employees in band JL6 and below, effective from April 1.

Infosys defers annual hikes to the fourth quarter

The Bengaluru-based company last implemented salary hikes in November 2023

LIC employees granted 17% wage hike by Government, effective August 2022

This announcement benefits over 110,000 employees across the organization, LIC stated.

Bank employees to receive 17% wage hike; Saturdays as holidays pending approval

The Indian Banks' Association and employee unions have agreed on a 17% wage increase and approval for all Saturdays as holidays, benefiting 8 lakh employees.

Coal India: Higher wage cost, lower e-auction prices

Pressure on imported coal prices will lead to lower e-auction premium

Govt approves hike in wage of Coal India non-executive employees

The agreement provides for a 19 percent of minimum guaranteed benefit from July 1, 2021, on emoluments - basic, Variable Dearness Allowance (VDA), Special Dearness Allowance (SDA) and attendance bonus besides a 25 per cent increase in allowances.

New job in new year: 4 out of 5 Indian professionals look for new assignments

Gen Z dominated this sentiment of considering a job change, with 88 percent of young professionals switching, compared to 64 percent of those in the age group 45-54.

Govt notifies 12% wage hike for employees of PSU general insurers; links next with performance

This wage revision is effective from August 1, 2017 and applicable to those who were in the service of these companies

Rising Wages Could Complicate America’s Inflation Cool-Down

Demand for services is rising just as many employers are struggling to find workers, which could force them to continue raising wages. While positive for workers, that could keep overall inflation brisk as companies try to cover their labor costs, speeding up price increases for services even as they begin to moderate for goods.

What women investors want from Budget 2021

The banking system could extend lending to women at competitive rates to increase access to education. This could enhance women’s income-earning potential, and possibilities to save and invest more.

Pyrrhic victory for bank employees

The obvious flaw with this kind of a one-size-fits-all agreement is that it does not distinguish between individual employees on the basis of their productivity

HCL Tech Q2 net may drop 3.5%, margins seen lower by 100 bps

In constant currency terms, growth may stand at 2.5-3 percent in Q2. Margins may skid 100 basis points (bps) due to staggered wage hike and currency headwind.

Yamaha's UP plant casual workers stage protest, seek wage hike

The temporary workers were demanding increase in their salaries on the lines of the wage agreement that the company had recently signed with its permanent employees.

Don't worry! Wage hike pressure on Infosys Q1 margins is usual

Credit Suisse says in an investor conference, Rao indicated some volatility in the demand environment, some vertical specific challenges and 'quarterly bumps' in the short-term.

India to pursue mildly expansionary fiscal stance in next 1 yr

Since financial year 2012-13, the government has been reducing the national fiscal deficit. On a consolidated basis, the fiscal deficit has reduced from 8.1 percent of GDP in fiscal 2012 to 7 percent in fiscal 2015-16.

FY15 growth to be better than FY14: Persistent

Discussing the company‘s earnings details, Anand Deshpande, CMD & CEO, Persistent Systems, said the margins were under pressure due to wage hike and higher SG&A expenses.

SAIL, union meet on Sat; non-execs may get 15% hike

The issue of wage revision at SAIL, pending for over 18 months, is expected to be settled this week, benefitting around 85,000 non-executives with at least 15 percent hike in basic and dearness allowances.

Godrej Consumer falls on slow Q1 profit growth, margins dip

Angel Broking says the company's Q1 consolidated net profit of Rs 133 crore was, in particular, well below estimates. While Godrej Consumer's tax expenses trebled, higher ad spends and wage hike in Indonesia impacted operating profit margin.

Wage hike will impact margins next quarter: Geometric

The company‘s first quarter consolidated net profit grew by 38.7 percent (down 25.5 percent year-on-year) quarter-on-quarter to Rs 15.4 crore.

Maruti dismisses wage-hike impact on margins

After Maruti Suzuki announced its highest wage hike ever in its history at its Gurgaon, chairman RC Bhargava says the hike will have little impact on the company's margins.

Coal India agrees 25% wage hike; stock rises

Coal India has agreed to 25% wage hike, while the final decision on wage hike will be on January 27-28. The total wage bill is seen around Rs 4,000 crore per year post hike, reports CNBC-TV18, NewsWire18.

Infosys results keenly eyed amid wage hikes, global worries

The first quarter earnings season will gain momentum with technology bellwether Infosys announcing its first quarter (April-June) numbers on Tuesday. The results, which come amidst economic uncertainties in Europe and margin pressures back home, will set the tone for the overall IT sector performance this quarter.

Wage hike from July 1 can shoot up prices, says Coal India

Denying all the speculations of cancelled coal blocks being awarded to Coal India, its chairman NC Jha says that the company is all set to hike wages due from July 1, 2011. Jha says, "The company may hike prices in order to compensate for wage hike." The company is set to take a call on the price hike by the end of June.

Volkswagen pay deal touches inflation nerve

Volkswagen and German unions agreed to a substantial wage hike on Tuesday, adding to concerns of policymakers already facing the prospect of above-target inflation in the euro zone rising further.