News Digest
Jobs, funding, startups & career opportunities - updated every 30 minutes
Centre to bring new levies on tobacco, pan masala as GST compensation cess set to lapse
The wage math: PF contributions may go up, dent take-home pay under new labour code
The new Code on Wages mandates basic salary to be at least 50% of total CTC, increasing provident fund and gratuity contributions. While this enhances retirement savings, it may reduce employees' take-home salaries as employers adjust allowances. This change aims to prevent companies from minimising retirement fund contributions.
Wider social security net to minimum wage: Long stalled, labour reforms roll in
Sequoia-backed fintech Aspora will let Indian diaspora pay bills back home
The startup said that until now, users had to either transfer the money to their Indian accounts or ask someone to handle the bills for them. The other option for them was to use their foreign cards and try and pay bills while facing high charges and payment failures.
Indian GenZ prioritising pay, flexibility, purpose over traditional long-term jobs: Survey
Indian GenZ is redefining workplace priorities, valuing pay, flexibility, and purpose over traditional long-term employment. They seek blended career paths, balancing stability with entrepreneurial freedom, and are motivated by better pay and flexible hours. Organizations must adapt by investing in growth, fostering inclusive cultures, and offering flexible policies to attract and retain this ambitious generation.
How to Become a Radiologist in India: 5-Step Guide (Courses, Salary, and Skills)
Learn how to become a radiologist in India with this step-by-step guide. Know about top courses, eligibility, salary, and essential skills for a successful career.
NIT-Hamirpur student gets annual package of Rs 3.40 crore
A student from NIT Hamirpur, Aryan Mittal, has achieved a record placement package of Rs 3.40 crore. This is the highest annual package secured by any student from the institute to date. Two female students in the Electronics stream also received substantial packages of Rs 1.68 crore each.
IIM Ahmedabad 2025 PGP placements: BFSI offers highest package at Rs 1.1 crore
IIM Ahmedabad's 2025 PGP placement season saw BFSI as the highest-paying sector, with a maximum earning potential of Rs 1.1 crore. Consulting remained the top choice for students, though its participation decreased, while BFSI saw increased interest. The mean MEP rose to Rs 35.2 lakh, with top sectors accounting for 80% of recruitments.
Career Breaks and Workplace Bias Emerge as Top Drivers of India’s Gender Pay Gap, Reveals Naukri Survey
A survey by Naukri reveals the main drivers of India’s gender pay gap - career breaks, workplace bias and industry-wise disparities. Explore findings, statistics, and suggested solutions.
Bajaj Finance MD Rajeev Jain best paid NBFC top exec in FY25
Rajeev Jain, Bajaj Finance Managing Director, emerged as the highest-paid NBFC CEO in FY25. His total package exceeded Rs 65 crore, with ESOPs adding Rs 40 crore. Arvind Kapil of Poonawalla Fincorp was the second-highest paid. Sashidhar Jagdishan of HDFC Bank was India's highest-paid banker, drawing over Rs 12 crore.
Mukesh Ambani draws ₹0 salary again: India's richest man forgoes paycheck for 5th straight year
Mukesh Ambani, Reliance Industries' chairman, continues to forgo his salary for the fifth year, a decision dating back to the COVID-19 pandemic. While Ambani's children, Isha, Akash, and Anant, earned ₹2.31 crore each as non-executive directors, other executives saw steady compensation. Despite Ambani's nil salary, the family earned ₹3,322.
The appraisal-linked learning economy: Why employees who learn earn more
Upskilling has become essential for career growth, with professionals who invest in learning programs experiencing significantly higher appraisal increments. The skills gap, affecting both technical and soft skills, poses a challenge to business transformation. Continuous learning is crucial for staying relevant, unlocking opportunities, and securing a place in the evolving economy, benefiting both individuals and organizations.
HUL MD Rohit Jawa gets 3.75% pay hike to Rs 23 crore in FY25
HUL Managing Director Rohit Jawa's remuneration increased by 3.75% to Rs 23.23 crore in FY25, 146.47 times the median employee remuneration. The company's annual report highlighted an 8.46% decrease in permanent employees, with 6,604 on the rolls. HUL divested its water business, Pureit, and decided to demerge its ice cream business amidst a challenging operating environment and evolving consumer landscape.
Recognition lags in inclusive workplaces, says report
Despite increased corporate focus on diversity, equity, and inclusion (DEI), a CultureMonkey report reveals that only 10.2% of employees feel truly recognized in inclusive workplaces. While DEI efforts make many feel supported, challenges like biased promotions and unequal pay persist. The report emphasizes the need for companies to move beyond symbolic gestures and build merit-based systems for compensation and recognition.
Second among equals? Yes, say CCOs. Not by paycheck, counter cos
A recent Sebi circular mandating a higher reporting structure for company secretaries and chief compliance officers (CCOs) has sparked debate. While compliance heads welcome the move, listed companies fear potential disruptions to internal hierarchies and pay scales. Some CCOs are seeking parity with CFOs, prompting calls for clarification from the market regulator regarding the circular's intent.
TCS wage hikes coming soon? Top management gives important update
Tata Consultancy Services reported a 1.7% YoY dip in net profit to ₹12,224 crore, missing market estimates. Revenue rose 5.3% YoY to ₹64,479 crore, also below expectations. For FY25, revenue grew 6% YoY to ₹2.55 lakh crore, driven by strong regional market growth (37.2%).
13% uptick in median salaries of CEOs in 2025 despite market volatility: Deloitte India Report
Despite market fluctuations, Indian CEOs' median compensation reached Rs 10 crore in 2025, a 13% increase, says Deloitte India. While 40% is fixed, 60% is performance-linked. Other C-suite roles also saw pay hikes. Companies are rethinking compensation amid volatility, with increased scrutiny of stock-based incentives. Shareholder rejection rates for new stock plans have quadrupled, signaling enhanced governance and stakeholder protection.
200+ CXOs pop up in million-dollar pay list
The elite club of CXOs earning over a million dollars at India's top 200 listed companies grew by 19% in the past fiscal year, reaching 213 executives. Their total compensation was ₹5,144 crore, up 20.86% from the previous year. Abhay Bhutada, former managing director at Poonawalla Fincorp, was the highest earner with ₹241.21 crore.
Hindustan Unilever Q4 Preview: Price cuts, slow demand, regional competition to hurt topline
The hike in royalty payments to parent Unilever are likely to adversely impact HUL#39;s EBITDA margins, say experts
Razorpay announces #39;UPI Switch#39; in partnership with Airtel Payments Bank
Boosting success rates by 4-5 per cent, the solution is designed to handle up to 10,000 transactions per second (TPS) at any given time, according to a release.
Stellantis India to hike vehicle prices by up to Rs 17,000 from April 30
This price increase will result in an increment ranging from Rs 4,000 to Rs 17,000 across the models, the company said in a statement.