IT, BFSI generous paymasters: TeamLease

Demand for software, hardware, telecom personnel rises 35% y-o-y: Monster.com Technology and sales jobs are witnessing a significant rise in salaries, with the average increments at 8.55% and 9.82% respectively, TeamLease said. Super-specialised jobs have also commanded a salary increment of more than 11%, while all COVID-proof jobs [sectors that are doing well during the pandemic] were rewarded handsomely, according […]

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Finance Ministry stimulus package | Free visas to 5 lakh tourists, financial support for tourism sector

Financial support would be provided to more than 11,000 registered tourist guides, travel and tourism stakeholders. The government will provide free visas to 5 lakh tourists visiting India, Finance Minister Nirmala Sitharaman said on Monday. Announcing measures to revive the tourism sector battered by Covid-19, Ms Sitharaman said financial support would be provided to more than 11,000 registered tourist guides, […]

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Ask us: On investment

Q: I took a health insurance cover paying a heavy premium with the assurance of cashless facility when hospitalised. I was admitted in an approved hospital and presented the identity card issued by the insurance TPA seeking cashless facility to the hospital authorities. The hospital authorities informed me that the TPA did not accede to my request denying cashless facility, […]

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DoT issues operational guidelines for PLI scheme

‘MSMEs need to invest at least ₹10 cr.’ The Department of Telecom on Thursday issued operational guidelines for the ₹12,195 crore performance-linked incentive (PLI) scheme for the sector. DoT said in a release that the scheme would take effect from April 1, 2021. Interested, eligible applicants could register for the scheme from June 4. The application window will be open […]

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M&M Q4 net profit up at ₹163 crore

The board has announced a dividend of 175% of face value (₹8.75 per share) for FY21, which is 3.7x of F20 dividend. Mahindra & Mahindra Ltd (M&M) along with its wholly owned subsidiary Mahindra Vehicle Manufacturers Ltd (MVML) reported net profit rose to ₹163 crore for the fourth quarter ended March 31, 2021 as against net loss of ₹3,255 crore […]

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Power usage rose 19% in first fortnight of May

Consumption rose to 51.7 billion units Power consumption in the country grew by about 19% in the first fortnight of May to 51.67 billion units (BU) over the same period last year, showing recovery in industrial and commercial demand of electricity, according to power ministry data. Power consumption in the first fortnight of May 2020 was 43.55 BU. The power […]

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‘Lockdowns to dent gold sales on Akshaya Tritiya’

Dealers pin hopes on digital demand Gold buying on Akshaya Tritiya this year may be muted as stores remain closed following lockdowns in 19-20 cities, according to dealers. However, demand for digital gold and Gold ETFs is likely to witness a rise, they say. “Consumer demand, as compared with the previous years, has taken a hit as stores are either […]

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IFFCO announces hike in fertilizer rates

Farmers won’t have to pay the revised prices as existing stocks of 11.26 lakh metric tonnes of complex fertilisers will be sold at the old rates, says IFFCO chief India’s largest fertilizer maker IFFCO has effected a sharp hike in fertilizer prices, with as much as a 58.33% hike in the price of Di-Ammonium Phosphate (DAP), and its CEO staved […]

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