With appraisal season around the corner, conversations about pay hikes, promotions and performance rewards are returning to office corridors as companies reassess compensation strategies.Companies are preparing to roll out an average salary hike of 9.1 per cent in 2026, signalling a shift towards skills-based pay structures rather than uniform annual increments, according to a report,…
The government currently has no roadmap for mergers among public sector banks, Finance Minister Nirmala Sitharaman said, indicating that consolidation is not under active consideration even as a new banking reform panel is set to review the sector’s future.“I am not familiar with any roadmap…there isn’t one,” Sitharaman said in a media briefing after her…
Traffic jam in Delhi Mumbai expressway (Photo credit -PTI) More than one lakh motorists stranded during a massive traffic gridlock on the Mumbai-Pune Expressway earlier this month will receive toll refunds worth Rs 5.16 crore, after authorities decided to return charges deducted despite suspension orders.The disruption followed a gas tanker accident on February 3 on…
MUMBAI: Even as premiumisation is playing out in a big way and companies are latching on to the trend to spruce up growth, mass consumption continues to struggle. From apparel to jewellery and food, firms are finding it hard to get entry-level, middle class shoppers to spend more–in jewellery, of course, high prices of gold…
Following the US Supreme Court’s ruling late last week, an Indian delegation has postponed a planned trip to Washington. India now has more room for negotiations in a trade deal with the US after the American Supreme Court ruled that Donald Trump’s tariffs are illegal. The US Supreme Court’s move to invalidate President Donald Trump’s…
The labour ministry has initiated a process to return unclaimed funds lying in inoperative Employees’ Provident Fund Organisation (EPFO) accounts to subscribers, a move expected to benefit over 3.1 million account holders, labour minister Mansukh Mandaviya said.A pilot phase covering about 0.7 million subscribers will be rolled out shortly after the decision was taken during…
NEW DELHI: Prime Minister Narendra Modi will inaugurate the Noida international airport at Jewar next month, Uttar Pradesh chief minister Yogi Adityanath said during an interaction with the Indian diaspora in Singapore.Highlighting the state’s aviation infrastructure, Yogi said Uttar Pradesh currently has the highest number of airports in the country and that the upcoming airport…
Finance minister Nirmala Sitharaman on Monday issued a warning to banks against mis-selling financial products, stressing that such practices now constitute an offence under the Bharatiya Nyaya Sanhita (BNS) and must stop as regulators tighten oversight.Addressing reporters after her customary post-Budget interaction with the RBI Central Board, Sitharaman said banks should return their focus to…
There is an almost tenfold jump in ultra-luxury home sales within two years. (AI image) Gurugram has overtaken Mumbai in the total sales value of luxury homes above the Rs 10 crore category, according to a report by Sotheby’s International Realty in collaboration with CRE Matrix. The Gurguram market has become the country’s fastest growing…
DALLAS: The Transportation Security Administration said Sunday that its PreCheck program would remain operational despite an earlier announcement from the U.S. Department of Homeland Security that the airport security service was being suspended during the partial government shutdown. ” As staffing constraints arise, TSA will evaluate on a case-by-case basis and adjust operations accordingly,” the…
