close

INDIAN (B)

INDIAN (B)

IndiGo raises salary of staff after nearly 3 years

69047120.cms



The percentage of hike could not be immediately ascertained. IndiGoā€™s ā€œemployee benefit expenseā€ in FY 2017-18 was Rs 2,455 cr. The move comes as airlines are staring at increased operating costs due to crude oil touching $80 to a barrel and rupee again touching 70 to a dollar. The pay hike was possibly necessitated to soothe frayed nerves of employees.



Source link

read more
INDIAN (B)

In March, PE, VC inflow hit all-time high of $7 billion

69049881.cms



Private equity and venture capital investments hit an all-time high of $7 billion in March, as high-voltage action by global investors like Canadaā€™s Brookfield and Singaporeā€™s GIC on deal street continues unabated despite the ongoing general elections. The total investment last month was more than twice the value of $3 billion invested in March, 2018



Source link

read more
INDIAN (B)

Trump cracks down on overstay by visa holders

69050049.cms



A memo issued by the US President has ordered the Department of State and the Department of Homeland Security (DHS) to reduce overstays of business and tourist visitors and of other non-immigrant visa holders. “The Presidential Memo refers to all classes of non-immigrant visas, which is all encompassing,” said a global firm specialising in immigration laws.



Source link

read more
INDIAN (B)

Pepsico sues Indian farmers over potatoes

69061901.cms



PepsiCo has sued the farmers for cultivating the FC5 potato variety, exclusively grown for its popular Layā€™s potato chips. The FC5 variety has a lower moisture content required to make snacks such as potato chips. PepsiCo is seeking more than Rs 1,000 crore ($142,840.82) each for alleged patent infringement.



Source link

read more
INDIAN (B)

India may extend deadline for imposing retaliatory tariff on 29 US items by 14 days

69060065.cms



India is likely to extend the deadline for imposing retaliatory customs duties on 29 US products, including almond, walnut and pulses, by another 14 days, a source said. The commerce ministry is expected to recommend to the revenue department, under the finance ministry, to extend the deadline for imposing higher tariffs. The current deadline will end on May 2.



Source link

read more
INDIAN (B)

FinMin ratifies 8.65% interest on EPF for 2018-19

69059522.cms



“The department of financial services (DFS), a wing of the finance ministry, has given its concurrence to Employees Provident Fund Organisation’s (EPFO) decision to provide 8.65% rate of interest for 2018-19 to its subscribers,” a source privy to the development told PTI. The interest rate hike on EPF to 8.65% for 2018-19 was the first increase in the last three years.



Source link

read more
1 361 362 363 364 365 670
Page 363 of 670