Industry Trends

What HR learns from their worst hire

Every HR professional has one. The hire they still think about when a CV looks too perfect. The name that flashes briefly when someone says, “Trust your gut.” The story that begins with “On paper, they were brilliant…” and ends with “…but.” Welcome to the club of HR’s worst hire—a space no one likes to [...] The post What HR learns from their worst hire appeared first on HR Katha .

Layoffs / Restructuring

Is Microsoft really cutting 22,000 jobs?

Microsoft has quashed rumours regarding 22,000 job cuts this month. Frank Shaw, chief communications officer, Microsoft, has clarified on social media that the news of layoffs was wrong and that no official confirmation of the same can be given. The cuts were reportedly expected to affect employees in the Azure cloud services, the Xbox gaming [...] The post Is Microsoft really cutting 22,000 jobs? appeared first on HR Katha .

Government Jobs

Re-employed after claiming gratuity once? Can’t expect gratuity again: Govt

Employees of the Central government who have received gratuity on retirement will not be eligible for gratuity again if they are re-employed within the government. Simply put, once retirement gratuity is received from the government, the Central government employee cannot claim gratuity a second time if they take up a job again in the same [...] The post Re-employed after claiming gratuity once? Can’t expect gratuity again: Govt appeared first on HR Katha .

Industry Trends

From stigma to scale: How Antara is building India’s senior-care ecosystem

As attitudes towards ageing shift in post-pandemic India, Antara Senior Care is carving out a multi-vertical elder-care platform spanning senior living, care homes and health products. In a conversation with CNBC-TV18, Executive Chairperson Tara Singh Vachani outlines how rising longevity, changing family structures and a growing focus on wellness are driving demand—while regulatory gaps and lack of standards remain the sector’s biggest scaling challenge.

Startup Funding

Ronnie Screwvala-led upGrad drops plans to acquire Unacademy: Report

upGrad has dropped plans to acquire Unacademy after months of discussions, as the two sides failed to agree on a final valuation, according to media reports. The talks had marked the first formal confirmation of potential merger and acquisition discussions around Unacademy. Last month, co-founder Gaurav Munjal said the company was open to an M&A transaction if it resulted in a “stronger entity”. He also acknowledged that Unacademy’s valuation may have fallen to below $500 million, sharply lower than its peak valuation of $3.5 billion in 2021. As part of the discussions with upGrad, Unacademy’s investors were expected to receive a minority stake in the combined entity. upGrad, which sees itself at a valuation of around $2 billion, was primarily interested in Unacademy’s core test-preparation business, with other verticals likely to be excluded from the deal structure. The collapse of the talks comes against the backdrop of a prolonged slowdown in India’s edtech sector after the pande...