European software giant SAP joined the parade of tech companies laying off staff, announcing on Thursday that it was cutting about 2,900 jobs after the iconic US tech company IBM said it was slashing about 3,900 jobs. These numbers add to the 150,000 jobs cut last year and about 30 per cent of that...
(PTI): Air India has offered around 98 crore shares of the company to its permanent employees as part of a stock option scheme. The shares are also being offered to the permanent staff of Air India Express as part of the Employees’ Share Benefit (ESB) Scheme 2022, according to a document. The...
(PTI): Every one in four Indians is concerned about the threat of job layoff while three out of four are worried about rising inflation yet half of them believe that the country’s economy will grow in 2023, according to a survey by marketing data and analytics firm Kantar. In its second...
(IANS): Healthtech unicorn Innovaccer has sacked nearly 245 employees, or about 15 per cent of its workforce, across teams in India and the US, the media reports said on Tuesday. Innovaccer cofounder and CEO Abhinav Shashank cited an “uncertain macroeconomic environment” as the reason...
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Commissioner under Employees Compensation Act can direct Insurance company to directly pay the compensation to injured employee during employment
The Gauhati High Court in the case of The National Insurance Company Limited vs. Omar Ali and Anr. has upheld an order whereby the Insurance company was directly made liable to pay compensation to an employee injured in a motor accident during the course of his employment. The insurance company in...
(IANS): Amid the growing layoffs, there has been a surge in the number of patients coming from various companies — both office-goers and those working from home — with panic anxiety attacks and depression as they fear losing control over their immediate future plans, said mental health experts...
Standard Chartered Bank announced two senior level appointments with SV Shivshanker as the Head, Human Resources, for India and South Asia effective January 2023 and Sarabjit Anand as the Chief Technology and Operations Officer (CTOO). Shivshankar, who has been with the Bank since 1994, brings...
(IANS): India Cements Ltd on Monday said it has inked a new wage agreement with its workers unions. The agreement was signed on Friday (January 13) by vice-chairman and managing director N Srinivasan, and the representatives of the trade unions affiliated to the INTUC, the LPF, the CITU, the MDMK...
Tata Consumer Products (TCP), the consumer products company uniting the principal food and beverage interests of the Tata Group under one umbrella, has announced the appointment of Tarun N P Varma as Global Chief Human Resources Officer. This is in line with the company’s focus on building a...
