New labour code impact: Rs 8k less take home pay likely for employee with Rs 15 lakh CTC; check the impact on CTCs of Rs 10 lakh, Rs 25 lakh and Rs 50 lakhNew labour codes mandate higher provident fund contributions for employees. This change reduces monthly take-home pay for many salaried ind...
Manipur CM Yumnam Khemchand Singh urges people to shun bandhs, blockadesManipur's Chief Minister Yumnam Khemchand Singh has implored the public to engage in peaceful protests instead of bandhs, which he believes...
Luxury litigation, poor pay the priceThe Supreme Court has issued a warning against what it terms 'luxury litigation', leading to the dismissal of a persistent case. With over ...
Tamil Nadu CM Vijay moves Madras HC to vacate stay on conducting bye-elections in 5 assembly segmentsTamil Nadu Chief Minister C Joseph Vijay has approached the Madras High Court. He seeks to vacate an interim order restraining bye-election...
Persistent Systems’ strong deal wins boost outlook, acquisition costs pose riskFollowing a major acquisition announcement, Persistent Systems stock has seen a remarkable rebound. In its latest June quarter results, the...
EPF calculator: Basic pay Rs 50,000? In how many years can you build Rs 2.23 crore retirement corpus?The Employees Provident Fund serves as a robust mechanism for building long-term savings through consistent contributions and the magic of ...
Seven Indian seafarers repatriated from Abu Dhabi after 11 months stranded on MV Sea Star 2Seven Indian seafarers stranded on MV Sea Star 2 have been repatriated from Abu Dhabi. The Indian Embassy confirmed these repatriations and...
Minimum wage hikes add to cost pressures for retailers and gig firms ahead of festive seasonCompanies employing lower-paid and gig workers are facing higher labour costs after more than 15 states raised minimum wages since April, a...
India sets eyes on 100 more flagged vessels to cut forex outgoIndia plans to add one hundred flagged vessels within five years. This initiative aims to significantly reduce the nation's foreign freight...
US starts work on new H-1B rules targeting cap exemptions, third-party oversightThe US is preparing another H-1B overhaul, with DHS proposing changes to cap exemptions, employer scrutiny and third-party placements. The ...
Global Market: SK Hynix workers reject pay deal amid bonus disputeSK Hynix workers narrowly rejected a wage agreement by just 25 votes, with 50.08% opposing the proposed 6.3% pay hike and revised bonus str...
Hyundai Motor's union reaches preliminary wage deal, averting more strikesHyundai Motor's South Korean union reached a tentative labor agreement with management. This deal averts further production losses after th...
Supreme Court: Should right to work be a fundamental right?The SC was hearing a plea concerning payment of minimum wages and compensation for delayed wages for rural employment guarantee workers. Ad...
Canada revises rules for small employers hiring low-wage temporary foreign workersCanadian employers with small work locations can now hire more low-wage temporary foreign workers. New federal rules permit businesses with...
Hyundai Motor's union stages first full strike in 10 years over wage talksHyundai Motor's South Korean union began its first full strike in ten years. Workers seek a higher retirement age and job protections again...
Global Market: SK Hynix unveils stock-based bonus plan for South Korean workersSK Hynix has reached a tentative wage agreement that would shift 60% of employee bonuses into company shares and deferred stock compensatio...
SK Hynix to pay 60% of employee bonuses in company stock under preliminary dealSK-HYNIX-SK Hynix to pay 60South Korean chipmaker SK Hynix has agreed to pay 60% of employee bonuses in shares and the remaining 40% in c...