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Mr. Ajay Singh, Chairman amp Managing Director of SpiceJet, Indias leading airline, has taken ove...
Due to Inflationary pressures, the Russia-Ukraine crisis, and the US and European banking spiral it is expected that Indian IT companies may cut down the hiring of engineers by around 40 percent year-on-year (YoY) in FY24. Due to the economic uncertainty, layoff wave, and current conditions, there are major possibilities that there is less risk of […]
One of the World’s largest Social Security Organisations, Employees’ Provident Fund Organisation‘s (EPFO) recent circular complies with the Supreme Court order. It has laid down the terms and conditions for an EPFO subscriber for getting a higher pension. EPFO released a new circular on February 20, 2023. The EPFO has issued instructions in compliance with orders contained […]
According to the reports, Facebook owner Meta will be lowering bonus payments for some employees. The bonus multiplier for that grade has been cut to 65% from 85% earlier. Chief Executive Mark Zuckerberg earlier in February declared 2023 the “year of efficiency.” Following the footsteps, the company will also restart assessing staff performance twice a year. The reports […]
According to a Bloomberg report, Consulting giant McKinsey & Company is embarking on a rare round of major job cuts, with plans to eliminate about 1,400 jobs this week. The job cut is nearly 3% of the total workforce. The company is laying off employees due to a global economic downturn. The company is restructuring […]
IIT Roorkee is organizing institute-funded SPARK fellowships for internships with a weekly stipend of ₹2500/week and project-funded internships in 2023. The objective of the IIT Roorkee internship is to provide research exposure to interested undergraduate and postgraduate students of IITR. Also Watch, Salary Hike Trends in India -2023, Click Here Eligibility Criteria The following minimum CGPA […]
Hitachi Payment Services, India’s leading integrated payment solutions provider, has announced the appointment of Sumil Vikamsey as its new Managing Director, in addition to his responsibilities as the Chief Executive Officer – Cash Business. He will also be inducted into the company’s Board effective 1st April 2023. Rustom Irani has decided to retire as Managing […]
In order to provide some more time to the taxpayers, the date for linking PAN and Aadhaar has been extended to 30th June 2023, whereby persons can intimate their Aadhaar to the prescribed authority for Aadhaar-PAN linking without facing repercussions. Notification to this effect is being issued separately. Under the provisions of the Income-tax Act, 1961(the […]
Axis Securities announced the appointment of Pranav Haridasan as its new Managing Director & CEO for a tenure of 3 years. This move follows the internal succession plan of Axis Group, with the current MD & CEO, B Gopkumar, transitioning to Axis Asset Management Company as MD & CEO. Pranav is currently Managing Director and […]
The year 2023 started on a layoff note. So far in 2023, there have been 708 layoffs at tech companies with 211,140 people impacted (2,427 people per day). In 2022, there were 1,535 layoffs at tech companies 241,176 people were impacted. There can be many reasons behind sacking an employee. Companies are laying off employees due to poor performance, cost-cutting, or due to economic uncertainty. […]
The PAN-Aadhaar linking is important. In terms of government processing, it helps to verify the identity of individuals filed by income tax returns. Income Tax shared a tweet from its official Twitter handle saying, “Last date to link your PAN & Aadhaar is approaching soon!” “As per IT Act,1961, it is mandatory for all PAN […]
Microsoft-owned, AI-powered developer platform GitHub has sacked its entire engineering team operating in India. This has affected nearly 100 employees. Gergely Orosz, Tech writer has shared the information through a Tweet, “What I am hearing: GitHub’s India engineering team is no more. Yesterday, the complete dev team was let go at once. We’re talking of […]
The Employees Provident Fund Organisation (EPFO) has fixed an 8.15% interest rate on employees’ provident funds for 2022-23. Earlier, in the year 2021-22, the EPFO had reduced the interest rate to 8.10% and this was the lowest interest rate ever since 1977-78. According to reports, The EPFO decision-making body Central Board of Trustees (CBT) has decided to […]
