For the entire 2017-18, TCS saw its net profit dipping 1.7 percent to Rs 25,826 crore, while revenue rose 4.3 percent to Rs 1.23 lakh crore
Rai said that the government is also looking at appointing full-time director or executive director in the PSBs, apart from the post of chairman and managing director
A ministerial committee headed by Finance Minister Arun Jatley also decided to increase the buffer stocks to 20 lakh tonnes from the existing 8 lakh tonnes
The redoubtable Narayana Murthy one of the founders of Infosys was booed some ten years ago when he pontificated before the distinguished CII audience that a CEO in all fairness should not take more than 15 times the lowest salary
The government has notified the Payment of Bonus Act on January 1, a move which will benefit crores of workers whose wages are below Rs 21,000 per month
The proposal was cleared at the Union cabinet meeting chaired by Prime Minister Narendra Modi, sources said.
Nevzat Aydin, the CEO of Turkey’s biggest online food ordering service Yemek-sepeti, decided to give more than £1,50,000 in bonuses for each of the firm's 114 employees. Why? Because he felt that everyone had contributed to the success of his company.
TCS announced a large bonus payout to its employees yesterday with its annual results, but the bonus is also indicative of the challenges it faces in managing a massive 3-lakh-plus workforce and size.
The company management has admitted that the increase in attrition is serious but downplayed the concern
Shares in Tata Consultancy Services fell as much as 4.4 percent on Friday, heading towards their biggest fall since October 2014, after the company's January-March revenue fell short of expectations.
The company has about 319,000 employees globally. All employees who have completed at least a year of service with the company will be eligible for the bonus, TCS said.
Sri Lanka's government Thursday announced a million dollar bonus to the national cricket team if they win this month's cricket World Cup being played in New Zealand and Australia.
The salary hike across industries would be of an average 11 percent, while the average bonus will stand at 10 percent, the survey revealed.
Nearly 200 managers at Samsung Electronics Co Ltd's mobile division have voluntarily returned a quarter of their first-half bonuses, a source with direct knowledge of the matter said, with the firm poised to post its worst quarterly profit in two years.<br />
President John Dramani Mahama has been forced to personally intervene in the latest bonus row to hit African football, which has seriously disrupted Ghana's preparations for its decisive Group G game against Portugal on Thursday.
In the September quarter, Infosys made an unusual provision - of about Rs 130 crore - to pay bonus as it looks to reward its best employees before the end of current fiscal, the ET report said.<br /><br />
Indian companies are expected to dole out an average salary hike of 12 percent in the next one year, while laying more emphasis on performance-linked pay packets, says a survey by global consultancy Mercer.
HSBC and Standard Chartered will report a reduction in their bonus pools, reflecting separate settlements with US authorities over probes into money laundering and sanctions violations, Sky News reported on Sunday.