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TCS becomes the first major IT firm to announce FY22 salary increase for employees

A TCS spokesman told that the salary increase would go into effect in April 2021. In a statement, the company said it was in the process of giving all its relatives a raise, starting April 2021. AIt can be noted that this will be the second salary increase the company will be issuing in six …

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Shaktikanta Das urges PSBs to immediately implement the measures announced by the RBI

RBI Governor Shaktikanta Das on Wednesday called on state banks to immediately implement the measures announced by the central bank recently “with the right intention”, and to continue to focus on measures to strengthen the resilience of their balances. Das during a meeting with MDs and CEOs of public sector banks acknowledged the important role …

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Land crash or random? Understanding the authority of SEBI “Leather in the game”

As of July 2021, SEBI (Securities and Exchange Board of India) is demanding approximately 20% of the significant compensation of employees of joint funds to be part of the scheme they manage. While this decision received positive feedback from the investment community, not all fund managers and AMCs were happy with the change. One of …

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FMCG players see an increase in disinfectant demand as hand sanitisers, COVID-19 cases

As the massively destructive second wave of the COVID-19 epidemic sweeps across India, major FMCG companies are seeing a huge increase in demand for their health and hygiene products, including hand sanitizers, hand washes, disinfectant sprays and germ protection wipes. Companies such as ITC, Himalaya Drug Company and Patanjali said they have increased their production …

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The worst-paid employers of the blue chip are exacerbating the epidemic, the report said

Worst-paying blue chip employers bolstered CEO pay in pandemic, More than half of companies with low-wage executives in the middle of the S&P 500 Index have raised CEO pay by changing the performance appraisal rules during the COVID-19 epidemic, according to a left-wing policy group report published Tuesday. A report from the Institute for Policy …

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Mahindra and Mahindra will launch premium SUV XUV700 in the 2nd quarter of this funding

Mahindra & Mahindra Ltd on Thursday said it would launch its premium SUV XUV700 in the second quarter of ongoing funding. The new model, built on the W601 platform, will be installed at the company’s Chakan facility in Maharashtra, M&M said in a statement. The XUV700, one of the most anticipated offerings from Mahindra, will …

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India’s market is leading global aviation revival, will create another 9 lakh jobs by 2030, Boeing said

The Indian aviation market is leading the global recovery, having reached 76 per cent pre-epidemic levels, with a global average of 58 per cent.Data, aircraft manufacturer Boeing said from its Indian perspective, is based on traffic until April 5th.Home cars in India are fast approaching early by 2020 or ‘normal’ levels, “said David Schulte, Regional …

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Government examining industry demands for tax compliance deadline: report

The Center is examining proposals to extend the compliance deadline for Income Tax and Goods and Services Tax (GST) to relieve businesses during the second COVID-19 wave. Business Standard reported that the government has received a number of industry representations from micro, small and medium enterprises (MSME), with an extension of up to three months. …

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Oxford Economics slashes India’s 2021 GDP growth estimate to 10.2%

The global forecasting firm Oxford Economics on Monday revised its estimate of India’s GDP growth to 10.2 percent from 2021, which was already 11.8 percent, indicating the country’s growing health burden of immunization. There is a lack of a solid government strategy to reduce the rate and prevent the epidemic. Oxford Economics also said that …

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