The Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) has fixed an interest rate of 8.25% for Employees’ Provident Fund (EPF) accounts for 2023-24, news agency PTI reported on Saturday. Last year on March 28, the EPFO declared an interest rate of 8.15 per...
New Delhi: Retirement fund body EPFO has hiked the interest rate on employees’ provident fund (EPF) deposits for 2023-24 to 8.25%, a three-year-high. The decision was made during a meeting of the EPFO’s apex decision-making body, the Central Board of Trustees (CBT), on Saturday. Also...
Uma Rao Ganduri has joined Sekhmet Pharmaventures as Chief Human Resources Officer. She has confirmed this development through a social media post. Before this appointment, Uma Rao was associated with Granules India Limited, a global pharmaceutical company with a presence in over 75 countries as...
Aparna Vishwasrao has joined USV Private Limited – a top 15 pharma company with a presence in 65 plus Countries as CHRO. The company has a strong presence in the FMCG sector with the flagship Sebamed brand. Before this appointment, Aparna Vishwasrao was associated with Raymond Group as Chief...
Roma Bindroo has joined Sanofi CHC India, a healthcare company as People Director and Head of HR. She has confirmed this development through a social media post by stating, “To new beginnings, here’s to a super interesting journey ahead. Super stoked to begin an amazing learning journey with...
Simantika Mukherjee has joined Tribeca, a branded luxury developer in India as Chief Human Resources Officer. She has confirmed this development through a social media post. Before this appointment, Simantika was associated with Tata Realty as Assistant Vice President for about eight years where...
(PTI): Hiring of white-collar workers fell 11 percent on an annual basis in January, while it sequentially rose 1 percent during the same period, a report said on Tuesday. On a year-on-year basis, the overall hiring in the IT sector declined 19 percent in January this year. However, healthcare...
According to the data compiled by Layoffs.fyi, a website that tracks employee terminations, 122 tech companies have terminated the services of 31,751 employees as of February 3. In the years 2022 and 2023, global tech companies sacked more than 425,000 employees, with India alone witnessing more...
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High Court Directs Mumbai’s Renaissance Hotel To Pay ₹25 Lakhs To Driver Fired Without Disciplinary Inquiry & Retrenchment Compensation
The Bombay High Court recently directed Mumbai’s Renaissance Hotel and Convention Centre to pay Rs. 25 lakhs as lumpsum compensation to a former driver terminated without disciplinary inquiry and retrenchment compensation. Justice Sandeep V Marne held that an employer-employee relationship...
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Employer cannot Continue Disciplinary Proceedings Against Retired Employee: Allahabad HC
Allahabad High Court in a case recently has held that the employer ceases its jurisdiction to initiate or continue disciplinary proceedings against an employee the moment he retires. The court, in its judgment, addressed the legality of continuing disciplinary proceedings against a retired employee...
