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Higher EPF contribution to be taxable from April 1, but…?
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Higher EPF contribution to be taxable from April 1, but…?

Higher EPF contribution to be taxable from April 1, but…? Union Finance minister Nirmala Sitharaman had announced in the Budget 2021-22 that interest earned on individual PF contributions over Rs 2.5 lakh in a financial year will be taxable from the next financial year. The move is set to impact people with high incomes and […]

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Former Nokia boss Rajeev Suri joins Inmarsat as CEO
C-Suite Move

Former Nokia boss Rajeev Suri joins Inmarsat as CEO

Former Nokia boss Rajeev Suri joins Inmarsat as CEO Rajeev Suri, the former CEO of Nokia, will take on the role of CEO of a British satellite telecommunications company Inmarsat effective March 1. He will replace Rupert Pearce, who steps down as CEO on February 28. Most recently, Rajeev was President and CEO of Nokia, […]

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Microsoft giving employees extra paid days off to ease pandemic stress
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Microsoft giving employees extra paid days off to ease pandemic stress

Microsoft giving employees extra paid days off to ease pandemic stress Microsoft told its employees Thursday they can take an additional five paid days off to ease stress and anxiety during the Covid pandemic. Microsoft HR chief Kathleen Hogan said in an email to the company’s employees its senior leadership team is concerned about reports of increased […]

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Bosch to upgrade Bengaluru unit to AIoT-enabled campus, invest Rs 800 crore
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Bosch to upgrade Bengaluru unit to AIoT-enabled campus, invest Rs 800 crore

Bosch to upgrade Bengaluru unit to AIoT-enabled campus, invest Rs 800 crore Bosch Group, German technology, and services major, is investing Rs 800 crore to upgrade its existing campus in Bengaluru to a fully artificial intelligence of things (AIoT)-enabled ‘smart campus’, a top company official said on Wednesday. The campus is likely to house the second-highest […]

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Govt is committed to privatisation of non-strategic PSUs, PM Modi
Industry

Govt is committed to privatisation of non-strategic PSUs, PM Modi

Govt is committed to privatisation of non-strategic PSUs, says PM Modi Prime Minister Narendra Modi on Wednesday made his strongest pitch for privatisation of non-strategic PSUs, saying the government has no business to be in business and sustaining loss-making units on taxpayers’ money drains resources that could otherwise have been spent on public welfare schemes. He said about 100 […]

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Wipro restructuring leads to many exits at the top hierarchy
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Wipro restructuring leads to many exits at the top hierarchy

Wipro restructuring leads to many exits at the top hierarchy Wipro CEO Thierry Delaporte’s reorganisation of the company structure has resulted in some 75 senior VPs and VPs and 300 general managers exiting the firm in the past few months. TOI reported details of the planned reorg in November. One of its objectives is to […]

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Wipro names new Business Head for Switzerland Operations
C-Suite Move

Wipro names new Business Head for Switzerland Operations

Wipro names Rene Mulder as Country Head and MD of Switzerland Operations IT services major Wipro on Wednesday announced the appointment of Ren Mulder as Country Head and Managing Director of its Switzerland operations. Prior to joining Wipro, Mulder served in leadership roles with Siemens, Swisscom, T-Systems and DXC Technology in Switzerland as well as in countries like Germany, the Netherlands, […]

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Robert Bosch Engineering to hire 1000 freshers and 1500 experienced people this year
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Robert Bosch Engineering to hire 1000 freshers and 1500 experienced people this year

Robert Bosch Engineering to hire 1000 freshers and 1500 experienced people this year Robert Bosch Engineering and Business Solutions (RBEI), the largest offshore development centre for Bosch worldwide announced plans to hire 1,000 freshers and 1,500 experienced professionals over the course of 2021, to aid its growth path, and to cater to the demand for […]

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Suzuki Motor Corporation Chairman to retire
C-Suite Move

Suzuki Motor Corporation Chairman to retire

Suzuki Motor Corporation Chairman Osamu Suzuki to retire and assume the role of senior advisor Japanese auto major Suzuki Motor Corporation (SMC) on Wednesday said its long-serving Chairman Osamu Suzuki will retire and assume the role of senior advisor subject to shareholders’ approval in the ordinary general meeting to be held in June this year. SMC also said its board […]

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L&T bags up to Rs 5,000 cr worth power business contracts
Industry

L&T bags up to Rs 5,000 cr worth power business contracts

L&T bags up to Rs 5,000 cr worth power business contracts Engineering and construction major Larsen & Toubro (L&T) said its power transmission and distribution business has bagged large domestic and overseas contracts across its spectrum of offerings. Though the company did not specify the exact value of the contracts, as per its specification a large contract […]

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