[ad_1] NEW DELHI: Employees in India can look forward to a significant increase in their salaries in 2025, with an average forecasted rise of 9.4 per cent, according to a total remuneration survey (TRS) by HR consulting firm Mercer.This follows a period of slow growth over the past five years, during which salaries increased by…
[ad_1] BENGALURU: Ingram Micro Holding has elevated Sanjib Sahoo to President of Ingram Micro’s Global Platform Group. Sahoo will continue with the development of its digital twin, Xvantage, a patent-pending B2B technology platform used by channel partners to connect and collaborate, and learn about technology products and services.Previously, Sahoo served as the company’s executive vice…
[ad_1] NEW DELHI: The Reserve Bank has rejigged portfolios of its deputy governors, as the extended term of Deputy Governor Michael Debabrata Patra ended on Tuesday. The key monetary policy department under Michael Debabrata Patra has gone to senior most Deputy Governor M Rajeshwar Rao, the RBI said in a statement. The government, last year,…
[ad_1] NEW DELHI: The commerce ministry is likely to seek further extension of the interest equalisation scheme in the forthcoming Budget on pre- and post-shipment rupee export credit for another five years to promote the country’s outbound shipments, an official said. The scheme ended on December 31 last year. The scheme helps exporters from identified…
[ad_1] In a bid to impose stricter standards, Advertising Standards Council of India (ASCI) has issued an advisory for LinkedIn influencers, urging compliance with guidelines requiring disclosure of material connections with brands, services, or advertisers they promote. The move aims to reinforce adherence to self-regulatory and legal standards, and to uphold the integrity of influencer…
[ad_1] NEW DELHI: EET Fuels, the trading name of Essar Oil (UK, has secured fresh round of funding of $350 million through a combination of a new bank financing and upsizing of existing trade credit, the company said on Tuesday. The new facilities secured consists of a $150 million facility with African Export-Import Bank (Afreximbank),…
[ad_1] NEW DELHI: The Directorate General of Civil Aviation (DGCA) has issued a “warning letter” to Akasa over lapses in carriage of dangerous goods. During the annual surveillance inspection of Akasa at Ahmedabad on Dec 12, 2024, the regulator found “significant non-compliances”. According to the warning letter, these include: “Electronic devices containing lithium batteries were…
[ad_1] US President-elect Donald Trump’s upcoming second term is expected to have a temporary impact on the Indian rupee, a recent report by the State Bank of India (SBI) revealed. The report describes this short-term effect as the “Trump Tantrum,” a term used to characterise rupee’s response to Trump’s presidency.The report suggested, though rupee might…
[ad_1] NEW DELHI: Larsen & Toubro’s (L&T) HR head Sonica Muraleedharan defended chairman S N Subrahmanyan’s recent remarks advocating for a 90-hour work week, which sparked online outrage. In a LinkedIn post, Muraleedharan clarified that Subrahmanyan’s comment was misinterpreted and that the intention behind it was not to mandate such extreme working hours.Muraleedharan, who was…
[ad_1] Most segments of the stock market remain overvalued despite the steep correction in the main equity indexes, warns Kotak Securities. Stocks are expected to stabilize after Monday’s bruising selloff that pushed the main indexes to the edge of oversold territory in India. Nifty futures indicate a modest upside, with the gauge likely rebounding from…
