NEW DELHI: A high-powered committee has recommended amendments to the Companies Act, including allowing the use of restricted stock units (RSUs) and stock appreciation rights. By allowing the two tools, the committee is hoping to provide companies with more options for remuneration of employees in addition to salaries. While RSUs do not give the employee…Continue Reading
NEW DELHI: Batches of electric vehicle models that have caught fire should be recalled in line with global best practices and for customer safety, a top official of Niti Aayog said on Wednesday amid reports of an increasing number of e-two wheelers catching fire. “Safety and security is a must. Globally, faulty vehicles are recalled…Continue Reading
ICMR started research to study the efficacy of Covishield and Covaxin against the Omicron coronavirus variantMUMBAI: The highly-transmissible Omicron variant has triggered a flurry of activity globally, with at least 10 vaccine companies developing shots specific to the variant. An additional seven potential candidates under development are also being tested against the variant. Some of…Continue Reading
Promoters of Unitech Group allegedly incorporated, controlled and managed more than 52 shell companies through their confidants including some employees to launder money from the real estate developer, people privy to an Enforcement Directorate (ED) investigation into the matter told ET. Directors of the said shell companies have admitted to the agency that they were…Continue Reading
SynopsisThe report said that investments in the space increased by 170% over 2020 and are expected to reach $4.5 billion in 2021.ETtechIndian Software-as-a-Service (SaaS) companies are poised to reach $30 billion in revenue, capturing 8% to 9% share of the global SaaS market by 2025, according to a new report by Bain & Company. The…Continue Reading
SynopsisIndustry bodies such as Ficci, Assocham and PHDCCI are apprehensive of state-level restrictions that could throttle the nascent economic recovery seen after the second wave of the pandemic.APAn auto rickshaw driver with his face covered as a precaution against COVID-19 waits for passengers in Bengaluru.India Inc on Thursday urged the Centre to follow a uniform…Continue Reading
SynopsisConsulting is a reflection of derived demand, mirroring the state of the economy and business confidence. As economic activity picked up after the second Covid wave, top consulting firms witnessed record growth in client engagements. “Our best year ever! We have tripled our business in the last five years despite the Covid-19 pandemic,” said Karan…Continue Reading
“As we go into the next quarter in the next year, costs will normalise. Every once in a while, a bit of a correction is expected but the medium term over the next six months-one year looks good,” says Chakri Lokapriya, CIO & MD, TCG AMC. A few international brokerages have been coming out and…Continue Reading
Many businesses that provided discounts, reduced prices, or extended payment cycles to customers amid the Covid-19 pandemic have approached the government to clarify the impact of goods and services tax (GST) on these amounts. According to tax experts, enterprises that issue credit notes or credit memorandums – which are given to consumers when money isn’t…Continue Reading
BENGALURU: India’s four biggest IT firms — TCS, Infosys, Wipro and HCL — have seen their combined employee strength rise by over 1 lakh in the first six months of the fiscal year. That’s 13 times more than in the corresponding period of the previous year, after the pandemic had struck. And it’s almost twice…Continue Reading