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The Union Cabinet has delivered an early Diwali gift to Central Government employees by approving a ...
In a significant development, Hindustan Unilever Limited HUL has allocated an eye-popping annual g...
HCL Technologies HCLTech, a leading global IT services company, has made a significant announcemen...
Swiggy, the popular food and grocery delivery platform, has made headlines by granting a substantial amount of employee stock options (Esops) to its founder, Sriharsha Majety, and other key executives. As the company gears up for its initial public offering (IPO), this move reflects its commitment to rewarding and retaining top talent. Swiggy ESOPs: Key […]
In a strategic move aimed at managing costs and sustaining profitability, several major Indian information technology (IT) companies have decided to defer their wage hikes to the third quarter of FY25. Among the firms making this shift are Infosys, HCLTech, LTIMindtree, and L&T Tech Services. Wage Hikes Shift: Context The global demand environment for IT services has […]
In a significant development, crisis-hit SpiceJet, which has been grappling with financial challenges, recently made significant strides in addressing its outstanding obligations. The airline, having raised Rs 3,000 crore through a Qualified Institutional Placement (QIP) of shares, announced that it has successfully cleared several key dues. SpiceJet Financial Woes: Salary, GST Dues Cleared and Provident Fund […]
As the strike by more than 1,000 workers at Samsung India’s plant in Sriperumbudur enters its third week, the South Korean electronics giant finds itself at a crossroads. The management’s response has been closely scrutinized, and the company now asserts its willingness to engage in direct negotiations with the striking workers to find an amicable […]
In a significant development amid ongoing contract negotiations, Boeing—the aerospace giant—has put forth what it terms its “best and final offer” to striking union machinists. This offer includes substantial wage increases and larger bonuses, aiming to resolve the labor dispute that has affected operations since September 13, 2024. Boeing Offer Details Boeing’s latest proposal addresses […]
SpiceJet, the Indian low-cost carrier, has emerged from the brink of collapse with a much-needed financial lifeline. The airline successfully raised Rs 3,000 crore through a Qualified Institutional Placement (QIP), drawing interest from global investors, including marquee names like Goldman Sachs and Morgan Stanley. This fresh infusion of capital is a critical step in SpiceJet’s […]
Accenture Plc, a global technology and consulting giant, has announced a significant change in its promotion timeline. The company said in a statement, “We are permanently changing our primary promotion date from December to June, which is when we have better visibility of our clients’ planning and demand.” This decision reflects the broader uncertainty affecting […]
Indian IT giant Wipro Limited has taken a significant step to boost employee morale and retention by rolling out salary hikes for its workforce. Starting from September 2024, top performers within the company are set to receive an average increment of 8 per cent. This move represents an improvement over last year’s average hike of […]
In a move that underscores its commitment to employee participation and shared ownership, Capgemini has officially launched its eleventh Employee Share Ownership Plan (ESOP). This strategic initiative aims to associate nearly 97% of the company’s employees with its growth trajectory and performance. As the 2019 ESOP reaches its term, this new plan ensures that Capgemini’s […]
Revolt Motors, India’s leading electric motorcycle company, has marked its 7th anniversary with a bold and inclusive step: the introduction of an Employee Stock Ownership Plan (ESOP) for all its employees. This move breaks away from the traditional model of reserving ESOPs solely for senior management, emphasizing the importance of every team member’s contribution. Revolt […]
In a heartwarming gesture ahead of the festive season, the Kerala government has announced special Onam bonus for its employees. The move aims to recognize their contributions and provide financial relief during the auspicious occasion of Onam. Onam Bonus and Special Festival Allowance As part of the Onam celebrations, the Kerala government has approved a […]
Renault Group, the renowned automotive manufacturer, is reinforcing its commitment to employee share ownership. The company has launched its third consecutive employee share ownership plan. This initiative is part of the broader Renaulution strategy, aimed at enhancing employee engagement, fostering a sense of ownership. It also aims to aligning the workforce with the company’s long-term […]
