Industry: HR News, Trends & Workplace Insights

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Updated on: Feb 2023

Industry

CM Ashok Gehlot read Old Budget speech for mints in Assembly

Feb 11, 2023

IT companies to layoff freshers who fail to screen tests

According to a mint report, IT services companies are to layoff freshers for failing screening ...

Industry

Feb 11, 2023

Latest news: IT companies to layoff freshers who fail to screen tests - SightsIn Plus

Webandcrafts awards its employee with a Mercedes Benz

Even after many companies like Google and Amazon are laying off many employees, Webandcrafts awards ...

Industry

Feb 11, 2023

Latest news: Webandcrafts awards its employee with a Mercedes Benz - SightsIn Plus

Nokia extends manufacturing of fiber broadband equipment in India

Nokia today announced that it will extend manufacturing PON optical line terminals OLTs at its fac...

Industry

Feb 9, 2023

Latest news: Nokia extends manufacturing of fiber broadband equipment in India - SightsIn Plus

Industry

Fiancé got sacked by Microsoft: Woman asks “Marry him or not”?

The major companies laid off employees including Infosys, Amazon, Google, Microsoft, Byju’s, Wipro, and Salesforce laid off a maximum number of workers globally. According to trueup.io, so far in 2023, Stay up-to-date on the latest layoffs across big tech, tech unicorns, and startups. So far in 2023, there have been 379 layoffs at tech companies with 113,082 people impacted (3,056 people per day). In 2022, […]

Feb 8, 2023

Industry

PLI scheme attracted Rs 45,000 cr investment, created 3 lakh jobs

Earlier, Hon’ble Finance Minister, Smt Nirmala Sitharaman had announced an outlay of INR 1.97 Lakh Crores for the Production Linked Incentive- PLI Scheme across 14 key sectors, to create national manufacturing champions and to create new jobs. The sectors included automobiles and auto components, white goods, pharma, textiles, food products, high-efficiency solar PV modules, advanced chemistry cells […]

Feb 8, 2023

Industry

RBI raises repo rate by 25 basis points to 6.5% from 6.25%

The health of the Indian Banking sector, the Reserve Bank of India (RBI) recently raised the repo rate by 25 basis points to 6.5% from 6.25%. The announcement was made by the Governor of Reserve Bank of India Shaktikanta Das. What is RBI raises Repo Rate (RR)? Repo Rate (RR) is the rate at which the Reserve […]

Feb 8, 2023

Industry

Leave encashment new rule: Non-govt employees to gain 20K/Year

Honorable Union Finance Minister Smt Nirmala Sitharaman has proposed to hike tax exemption on leave encashment on the retirement of non-government salaried employees to Rs. 25 lakhs from Rs. 3 lakhs. What is leave encashment? Leave encashment is the amount of money that an employee received in exchange for leaves not availed by an employee. As per […]

Feb 7, 2023

Industry

Adani Group prepays $1.1 bn loans, releases pledged shares in 3 companies

In light of recent market volatility and in continuation of the promoters’ commitment to reducing the overall promoter leverage backed by Adani Group Listed Company shares, the company has pleased to inform you that promoters have paid the amounts to prepay USD1,114 million ahead of its maturity of Sep 2024. The prepayment will release the […]

Feb 6, 2023

Industry

Kapil Sibal dig at Bhagwat’s remarks: What about the 2 crore jobs a year

Kapil Sibal has taken a dig over RSS Chief Mohan Bhagwat’s remarks. RSS chief Mohan Bhagwat has recently urged people not to run after jobs. However, on the other end, The Rashtriya Swayamsevak Sangh (RSS) Chief Bhagwat has said that the lack of dignity for labour was one of the main reasons behind unemployment in […]

Feb 6, 2023

Industry

Cognizant to focus on employee retention to trigger growth: MD

Cognizant, one of the world’s leading professional services companies announced its fourth-quarter and full-year 2022 financial results. According to ET Reports, Rajesh Nambiar, MD and Chairman of Cognizant India said that the firm will be more employee-centric, strengthen on winning larger deals, and have better operational metrics to “accelerate growth”. “The team, including the CEO, will meet […]

Feb 4, 2023

Industry

Uber former employee booked for Rs 1 cr embezzlement

According to the reports of PTI, In a recent incident, American mobility service provider company, Uber‘s former employee has been booked for Rs 1 crore embezzlement. A complaint filed by the company for embezzlement The former employee has been found guilty of creating 388 fake driver profiles, 191 profiles were created using the same IP […]

Feb 3, 2023

Industry

Google employees protest against poor work conditions, job cuts

According to media reports, Google employees have been protesting against poor work conditions and job cuts. The employees have been protesting in the US this week. Google employees are protesting due to labour conditions for sub-contracted workers and to support thousands of their recently laid-off co-workers. As per the employee’s claim, the pay and benefits […]

Feb 3, 2023

Industry

IT Companies find new ways to spot fraud in video interviews

India’s top two IT Companies Cognizant India & Accenture in India laid off a few of their employees due to Failed Background Checks in 2022. Cognizant India reported 6 percent involuntary attrition in the September ending quarter of FY22, which also includes the sacking of employees due to failed background checks. Accenture in India also fired a few […]

Feb 3, 2023

Industry

Amid Layoffs, an Indian tech company gifted cars to its employees

Even after many companies like Google and Amazon are laying off many employees the Indian tech company Tridhya Tech has gifted cars to its employees. Indian Tech company Tridhya Tech, a global leader providing digital transformation services, felicitated 13 employees with 13 cars as a token of appreciation for their hard work and dedication towards […]

Feb 3, 2023

Industry

Cognizant attrition eases to 19%, added 5,900 employees in Q4

Yesterday, Cognizant, one of the world’s leading professional services companies announced its fourth-quarter and full-year 2022 financial results. Key Highlights Headcounts The company has announced the total headcount at the end of the fourth quarter was 355,300, an increase of 5,900 from Q3 2022 and an increase of 24,700 from Q4 2021. Attrition Voluntary attrition, […]

Feb 3, 2023