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TCG Lifesciences releases full annual bonus to employees, plans to hire more
Industry

TCG Lifesciences releases full annual bonus to employees, plans to hire more

TCG Lifesciences, leading contract research and manufacturing services company, plans to increase its workforce by 15 percent in the current fiscal and has released a full annual bonus to its employees to boost their morale in the wake of the COVID-19 crisis, an official said on Monday. The company, promoted by Purnendu Chatterjee Group, has […]

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GoAir fires pilot who abused Holy Hindu Goddess on Twitter
Jobs

GoAir fires pilot who abused Holy Hindu Goddess on Twitter

GoAir has terminated the services of a trainee pilot over hate tweets allegedly from an account by his name, but now the employee has come out and said that he has been wrongfully terminated, as it was a tweet by another person of the same name. A Twitter account of Asif Khan with the id ‘@MdAsif35534489‘, posted objectionable and […]

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Bombardier Inc to cut 2,500 aviation jobs
Coronavirus

Bombardier Inc to cut 2,500 aviation jobs

CANADIAN plane and train maker Bombardier Inc said on Friday it would cut 2,500 jobs, or about 11% of the workforce at its aviation unit, as the coronavirus pandemic’s crushing impact on the air industry adds to its long list of problems. The aviation industry has been among the worst hit by the pandemic, which has dented […]

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Iffco Tokio hires 400 in lockdown, given annual increment
Coronavirus

Iffco Tokio hires 400 in lockdown, given annual increment

IFFCO-Tokio General Insurance hires 400 during the lockdown and rolled out annual increments Iffco Tokio General Insurance has on-boarded 400 staff between March and May during the lockdown period. The hiring of some of the employees was planned in the first quarter but the lockdown shifted its plans. The company has completed the process over […]

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SC reserves verdict on Centre’s Wages order in Lockdown
Labour Law

SC reserves verdict on Centre’s Wages order in Lockdown

The Supreme Court of India on 4 June 2020, Thursday reserved its verdict for 12 June on pleas challenging Centre’s March 29 order asking employers to pay full wages to employees for the lockdown period. However, The Supreme Court said that no coercive action will be taken against any employer for violating MHA’s order. Earlier, The SC had asked the Centre […]

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Renault India gives 15% hike & promotions despite crisis
Coronavirus

Renault India gives 15% hike & promotions despite crisis

Despite the lockdown due to coronavirus pandemic, French car manufacturer, Renault India is giving a pay hike of 15% to its employees and promotions for the fiscal year 2021. The company is giving the pay hike to 250 employees and promotions to over 30 executives, with effect from August 2020. The salary hike of Renault […]

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Cognizant to pay $5.7m in the class-action suit
Jobs

Cognizant to pay $5.7m in the class-action suit

Cognizant has agreed to pay $5.7 million compensation to former employees for underpaid overtime hours IT giant Cognizant has agreed to pay its former employees $5.7 million to compensate them for unpaid overtime hours after they reached a class-action settlement agreement. According to a report in the Times of India, Cognizant’s former employee Debi Mishra and other […]

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What’s New in Talent Strategy Post COVID-19
Leadership

What’s New in Talent Strategy Post COVID-19

It’s unfortunate that it’s taking a pandemic of epic proportions for Global Inc. to explore this question of alternates in the talent strategy. Over the years, many organizations have made pot fulls on digitizing workplaces, HR processes and automating workflows, to call it a transformation! No, I am not against these incremental steps, however, I […]

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Ola Electric appoints Vithal Acharya as Head- HR
CHRO Move

Ola Electric appoints Vithal Acharya as Head- HR

Ola Electric Mobility (OEM) has onboarded Vithal Acharya as its new Head -Human Resources, effective from May 2020 Vithal Acharya joins Ola Electric Mobility as Head -Human Resources, effective from May 2020. Prior to this, he was working with Sterlite Power as Chief People Officer. He is an alumnus of XLRI Jamshedpur, experienced HR leader […]

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Atlas Cycles shuts down Sahibabad unit, laid off all workforce
Industry

Atlas Cycles shuts down Sahibabad unit, laid off all workforce

After years of losses incurred from its Sahibabad factory in Uttar Pradesh, Atlas Cycles has decided to shut down the unit on 1 Jun 2020. After consideration of the above matter and detailed deliberations, the board of directors of the company has resolved to close the Sahibabad unit and the company informed the National Stock […]

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Motilal Oswal announces bonuses and promotions to staff
Coronavirus

Motilal Oswal announces bonuses and promotions to staff

Motilal Oswal Financial Services has announced the payment of bonuses and performance-linked variable pay to the entire 6,000-plus employees of the group. Sudhir Dhar, Executive Director – Group CHRO at Motilal Oswal Financial Services Ltd said, “It gives immense satisfaction and comfort that we’ve been able to announce the bonus and promotions even during this lockdown.” He also […]

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