Search results for ' Incent'

Rift in Bihar NDA over Centre's proposed population control law

Rift in Bihar NDA over Centre's proposed population control law

Rediff.com10 Jun 2022

Earlier this week, Bihar Chief Minister Nitish Kumar said a law on population control would not serve any purpose but insisted instead on education for girls and women.

'The sooner we junk the rhetoric of freebies, the better'

'The sooner we junk the rhetoric of freebies, the better'

Rediff.com1 Sep 2022

'Welfare schemes are not a necessary evil, they are a necessary good.'

'China is ahead of India because our political leadership was behind'

'China is ahead of India because our political leadership was behind'

Rediff.com12 Oct 2022

'You have to be a total anti-national bozo to shut down the Nokia plant in Sriperumbudur, which was the first large manufacturing plant for mobile phones in India.' 'Why was the unit shut down? Because of somebody's ego.'

Ola keen to build cell manufacturing plant

Ola keen to build cell manufacturing plant

Rediff.com7 Jun 2022

SoftBank Group-backed Ola Electric is in talks with multiple global suppliers to build a battery cell manufacturing plant in India with a capacity of up to 50-gigawatt hours, sources said. As part of its broader electrification push, the firm plans to invest in companies with advanced cell and battery technology, alongside the 50 Gwh battery plant. Ola Electric needs 40 Gwh of battery capacity to power 10 million electric scooters annually. The remainder will be for its electric cars, which the company plans to manufacture in the future.

L&T CEO Subrahmanyan gets 115% jump in salary in FY22 as business grows

L&T CEO Subrahmanyan gets 115% jump in salary in FY22 as business grows

Rediff.com14 Jul 2022

Engineering giant Larsen & Toubro (L&T) handed out a pay cheque of Rs 61.27 crore to its chief executive officer (CEO) and managing director (MD) SN Subrahmanyan in the last financial year (FY22), which is a near 115 per cent hike over FY21, as executive compensation at India Inc comes under sharp focus after two years of Covid-19. In fact, the total compensation of L&T's executive directors (including Subrahmanyan) in FY22 was 120 to 670 times the median remuneration of the company's employees, data from its FY22 annual report shows. This points to sharp hikes that the top management saw in their remuneration during the period, experts in human resources said. In FY21, L&T's executive compensation was 56 to 337 times the median remuneration of company employees.

Has BJP's Operation Nitish Begun?

Has BJP's Operation Nitish Begun?

Rediff.com1 Aug 2022

Nitish Kumar has to make an existential choice: Between governance and politics, argues Aditi Phadnis.

Ford India workers' protest for better severance package enters Day 4

Ford India workers' protest for better severance package enters Day 4

Rediff.com3 Jun 2022

With Tata Motors subsidiary taking over Ford's passenger vehicle (PV) manufacturing unit at Sanand in Gujarat, uncertainty over the future of Ford's Maraimalai Nagar unit in Tamil Nadu continues, with workers protesting on Thursday demanding a better severance package. There are over 2,000 employees working at the unit. On Thursday, there was a meeting between agitating employees and the state labour department. The workers started protests at the Chennai unit after Tata Passenger Electric Mobility signed a tripartite memorandum of understanding with Ford India and the Government of Gujarat for acquisition of Ford's PV manufacturing plant at Sanand.

Air India offers VRS in first move to prune headcount

Air India offers VRS in first move to prune headcount

Rediff.com2 Jun 2022

Tata-owned Air India has launched a Voluntary Retirement Scheme (VRS) for its employees- in the airline's first drive to reduce headcount. The salt-to-steel conglomerate acquired the carrier last year. As of November 2019, the airline had 9,426 permanent employees.

'Data protection bill veered away from core issues'

'Data protection bill veered away from core issues'

Rediff.com16 Aug 2022

'There were two options before the government -- create a complex, cumbersome law, which will cause a tremendous amount of compliance challenges for startups or say let's go back and do a clean slate, where we do a framework of laws and policies'

Can Reliance Jio change the rules of the 5G game?

Can Reliance Jio change the rules of the 5G game?

Rediff.com15 Aug 2022

It came as a surprise to all stakeholders - competing telecom companies (telcos), most analysts and even the government's internal projections on revenues from the 5G auctions. Reliance Jio disrupted all calculations by paying a stiff Rs 40,000 crore to buy 10 MHz of spectrum in the 700-MHz band, globally considered a key band for efficient 5G service coverage, along with the default 3.5 GHz band and the ultra-high speed and low-latency millimetre band of 26 GHz band. So what made Jio pay almost 45 per cent of its total spend in this auction for the 700 MHz band - much more than what it rustled up even for the 3.5 GHz band?

IPL curators, groundsmen rewarded Rs 1.25 crore

IPL curators, groundsmen rewarded Rs 1.25 crore

Rediff.com30 May 2022

For the first time, the BCCI is giving hefty incentives to groundsmen.

Tata Motors signs MoU for Ford India's Sanand plant

Tata Motors signs MoU for Ford India's Sanand plant

Rediff.com30 May 2022

Tata Motors on Monday said its subsidiary and Ford India have inked a pact with the Gujarat government to acquire FIPL's Sanand vehicle manufacturing plant. Tata Passenger Electric Mobility Ltd (TPEML) -- a subsidiary of Tata Motors -- and Ford India Pvt Ltd (FIPL) have today signed a memorandum of understanding (MOU) with the Gujarat government for the potential acquisition of FIPL's Sanand vehicle manufacturing facility, including land, buildings, vehicle manufacturing plant, machinery and equipment, Tata Motors said in a regulatory filing. The MoU also includes the transfer of all eligible employees of FIPL Sanand's vehicle manufacturing operations, subject to the signing of definitive agreements and receipt of relevant approvals, it added.

Adani firm to buy 50% stake in agri start-up

Adani firm to buy 50% stake in agri start-up

Rediff.com27 May 2022

Adani Defence & Aerospace has entered into definitive agreements for acquiring 50 per cent equity stake in agricultural drone startup General Aeronautics for an undisclosed amount. Bengaluru-based General Aeronautics specialises in developing robotic drones to offer tech-enabled crop protection services, crop health monitoring, precision farming and yield monitoring services using artificial intelligence and data analytics.

RCP Singh should heed message and resign from Cabinet: Nitish aide

RCP Singh should heed message and resign from Cabinet: Nitish aide

Rediff.com15 Jun 2022

Union minister RCP Singh, who was recently denied another term in the Rajya Sabha by the Janata Dal-United he formerly headed, should "heed the message" and resign from the cabinet, a key political aide of Bihar Chief Minister Nitish Kumar has said.

Neeraj Chopra shatters own national record in Finland

Neeraj Chopra shatters own national record in Finland

Rediff.com15 Jun 2022

Chopra had said in recent media interactions that he would not put himself under pressure with the thought of throwing beyond 90m and would look to build up gradually to peak during the July 15-24 World Championships in Eugene, USA.

EVs to drive auto capex up by Rs 70,630 crore in 5 years

EVs to drive auto capex up by Rs 70,630 crore in 5 years

Rediff.com13 Jun 2022

Automobile manufacturers, new and old, as well as ancillary suppliers are set to spend a combined Rs 70,630 crore over the next five years on either entering the electric vehicle segment or stepping up their presence in it. Data culled from announcements made by firms shows India, the world's fifth largest automobile market, is poised to receive one of the biggest capex pushes ever to fuel the transition from internal combustion engines to electric motors and batteries as part of a green drive. The EV push, egged on by the government's emphasis on electric mobility to meet its net zero targets, is expected to yield at least 25 electric vehicles - new ones as well as electrified versions of existing vehicles running on internal combustion engines.

15 more firms selected under PLI scheme for white goods

15 more firms selected under PLI scheme for white goods

Rediff.com28 Jun 2022

As many as 15 companies, including Adani Copper Tubes, LG Electronics and Wipro Enterprises, with committed investment of Rs 1,368 crore, have been selected as beneficiaries under the PLI scheme for the white goods sector, the government said on Tuesday. In March, the commerce and industry ministry had reopened the application window for its Rs 6,238-crore PLI scheme for white goods -- air-conditioners (ACs) and LED lights-- with an aim to accommodate more players as several firms had expressed interest in the initiative. Last year, as many as 46 firms, including Daikin, Panasonic, Syska and Havells, with committed investment of Rs 5,264 crore were selected in the first round the scheme.

Ford drops plan to manufacture EVs in India; opts out of PLI scheme

Ford drops plan to manufacture EVs in India; opts out of PLI scheme

Rediff.com13 May 2022

American automaker Ford on Thursday said that it had withdrawn plans to manufacture electric vehicles (EVs) in India and it won't invest in the country under the performance-linked incentive (PLI) scheme. "After careful review, we have decided to no longer pursue EV manufacturing for exports from any of the Indian plants. "We remain grateful to the government for approving our proposal under the PLI and for being supportive while we continued our exploration. "Ford India's previously announced business restructuring continues as planned, including exploring other alternatives for our manufacturing facilities.

India Inc's capital expenditure slows despite jump in net profits

India Inc's capital expenditure slows despite jump in net profits

Rediff.com22 Jun 2022

The stellar rise in corporate earnings in financial year 2021-22 (FY21) and FY22 did not result in a corresponding boom in capital expenditure (capex), with listed companies' investment in fixed assets rising just 2.3 per cent year-on-year (YoY) in FY22, growing at the slowest pace in the last six years. In comparison, the firms' combined net profit jumped 63.5 per cent YoY in FY22, while net sales increased 31.1 per cent - the fastest pace in over a decade. The 955 non-financial companies in Business Standard's sample reported combined net profit of Rs 7.18 trillion in FY22, compared with Rs 4.39 trillion in FY21 and Rs 2.59 trillion in FY20.

Manik Saha faces his biggest challenge

Manik Saha faces his biggest challenge

Rediff.com18 Jun 2022

In Tripura, the challenge for the chief minister is less from the alliance partners and more from his own party, the BJP.

Restaurants' staff say will seek pay hike, fear tips may dwindle

Restaurants' staff say will seek pay hike, fear tips may dwindle

Rediff.com6 Jul 2022

With hotels and restaurants being barred from levying service charge, waiters, chefs and other workers are worried they will lose out on money and are planning to approach managements to seek a pay raise. They are also apprehensive that tips given by customers out of goodwill will dwindle. Uttarakhand-native Prakash Singh Koranga, 27, a chef who works at an outlet of popular franchise Moti Mahal Deluxe restaurant in south Delhi, said service charge which gets proportionally divided among the staff acts as an "extra income" and "incentive to give our best at the job".

The Golden Thrower

The Golden Thrower

Rediff.com16 Jun 2022

Someone who confessed he would have been beating buffaloes with sticks had it not been for the javelin went on to win India's first Olympic gold medal in athletics.

Beware Of Agnipath!

Beware Of Agnipath!

Rediff.com13 Jul 2022

The greatest unknown in this risky initiative lies in the way human relationships will play out -- not just between the Agniveers, who will be competing with their fellows for permanent jobs beyond their four-year tenures -- but also between the Agniveers and existing full-time soldiers, warns Ajai Shukla.

Indo-US ties: Force for good: Modi; Among closest on Earth: Biden

Indo-US ties: Force for good: Modi; Among closest on Earth: Biden

Rediff.com24 May 2022

Biden praised India's Covid vaccination efforts.

Bank credit likely to grow at 4-year high of 11-12% in FY23

Bank credit likely to grow at 4-year high of 11-12% in FY23

Rediff.com29 Apr 2022

Bank credit is likely to grow at a four-year high of 11-12 per cent in fiscal 2023, on the back of better economic growth and budgetary support from the government, according to a report. In the fiscal ended March 2022, bank advances have likely grown at 9-10 per cent. "Healthy economic growth and budgetary support from the government should lift bank credit growth by 200-300 basis points to 11-12 per cent this fiscal," Crisil Ratings said in the report. The higher credit growth expectation is also supported by the improved resilience of the banking system, it added.

'5G services likely in 50 top cities by March 2023'

'5G services likely in 50 top cities by March 2023'

Rediff.com19 May 2022

Telecom gear makers, who are in talks with telcos, say that if all goes well, they are ready to roll out the first phase of 5G services from October this year and cover the country's top 30-50 cities (in limited areas) by March 2023. The gear makers expect the telecom companies to give them a heads-up about their plans as well as the equipment required by July, and have promised deployment in three to four months after that. India's main telecom gear suppliers are Nokia, Ericsson and Samsung.

Sitharaman invites chipmakers to invest in India; offers sops

Sitharaman invites chipmakers to invest in India; offers sops

Rediff.com26 Apr 2022

Finance Minister Nirmala Sitharaman on Monday held a meeting with representatives of the semiconductor industry of the US and invited them to make further investments in India. The finance minister spoke about opportunities for companies situated in Silicon Valley and about the government of India's commitment to be a reliable player in the entire semiconductor value chain with dedicated incentive for the sector in mission mode through the Indian Semiconductor Mission. Last year, the government approved a Rs 76,000-crore scheme to boost semiconductor and display manufacturing in the country in a bid to position India as a global hub for hi-tech production, and attract large chip makers.

DON'T WORRY About The Rupee!

DON'T WORRY About The Rupee!

Rediff.com2 Aug 2022

The currency market won't care for our moans, groans, cries and sighs. The rupee will find its own level, explains Tamal Bandyopadhyay.

Man killed, wife and 2 kids sustain burns as e-bike's battery explodes in AP

Man killed, wife and 2 kids sustain burns as e-bike's battery explodes in AP

Rediff.com23 Apr 2022

His wife suffered burns and was in a critical condition in hospital, the police said.

'Inflation is expected to stay above RBI's target'

'Inflation is expected to stay above RBI's target'

Rediff.com3 Jun 2022

'RBI is already late in addressing inflation pressures.'

How To Buy A Home And Repay EMI Quickly

How To Buy A Home And Repay EMI Quickly

Rediff.com20 Jun 2022

Home First Finance will be answering readers' home loan queries. Mail your queries to getahead@rediff.co.in with the subject line 'Home Loan Query' and we will have your queries answered by Home First Finance.

India's bond slump worse than others, issuance value down 10.1%

India's bond slump worse than others, issuance value down 10.1%

Rediff.com19 Apr 2022

Indian issuers are borrowing lesser through bonds compared to their global peers. The total value of bond issuances was down 10.1 per cent on a rolling 4-quarter basis in March 2022, compared to a similar period in March 2019, shows an analysis of data from tracker Refinitiv, a London Stock Exchange Group (LSEG) business. The four quarters ended March 2019 marked the last full financial year before the pandemic took hold.

PHOTOS: Blistering Bairstow blasts England to victory over NZ

PHOTOS: Blistering Bairstow blasts England to victory over NZ

Rediff.com14 Jun 2022

Images from Day 5 of the second Test between England and New Zealand at Trent Bridge in Nottingham on Tuesday.

From double-digit hikes to promotions, IT talent takes the cake

From double-digit hikes to promotions, IT talent takes the cake

Rediff.com25 May 2022

Employee costs for Indian IT services players have touched an all-time high as salaries soar in their effort to retain talent. Engineer salaries are going through the roof. According to a news report, Infosys, which reported a 27.7 per cent attrition rate for the fourth quarter of FY22, plans to have an average salary hike of 12-13 per cent. High potential employees will get increases of 22-23 per cent.

Why Are India's Rich Reluctant Givers?

Why Are India's Rich Reluctant Givers?

Rediff.com8 Apr 2022

A sudden surge in wealth because of stock market gains after the pandemic could be one of the factors behind the relatively lower share of philanthropy in total wealth.

'Important to assess all investment options'

'Important to assess all investment options'

Rediff.com19 May 2022

'Then select those that are well-aligned with your risk-return profile and investment time horizon.'

'Govt wants more incentive to customers for vehicle scrapping'

'Govt wants more incentive to customers for vehicle scrapping'

Rediff.com3 Apr 2021

'Some companies have agreed to 2-3% incentive but the automakers and SIAM have to decide amongst themselves'

What made Ford pull the plug on its EV PLI?

What made Ford pull the plug on its EV PLI?

Rediff.com2 Jun 2022

Earlier in May, Ford India announced that it had dropped its plans to make electric vehicles (EVs) in India, which it intended to export, under the production-linked incentive scheme (PLI). Ford was among 20 companies that had signed a Champion OEM Incentive Scheme under the PLI project with the government in February this year. The decision comes as a blow for the 4,000-odd employees at Ford India's Maraimalai Nagar plant near Chennai and in Sanand, Gujarat. In September last year, the company had announced that it would exit the India market, which it had entered in 1995 through an on-again, off-again joint venture with Mahindra & Mahindra (they split in 1998, signed a JV in 2019 and split again in December 2020), retailing petrol and diesel brands such as the EcoSport, Figo, Aspire, and Endeavour.

Can India Deal with Halahal In Amrit Kaal?

Can India Deal with Halahal In Amrit Kaal?

Rediff.com15 Aug 2022

We have our own problems for sure and they are not trivial, but for now, our economy is in not too bad a shape, our politics is as personality-driven and authoritarian as that of most countries in the world. We must make the best of what we have and not be excessively unhappy looking at the grass on the other side of the septic tank which may not be greener after all!, observes Shreekant Sambrani.

Scattered protests during Bharat Bandh over Agnipath scheme

Scattered protests during Bharat Bandh over Agnipath scheme

Rediff.com20 Jun 2022

Road and rail traffic was partially affected in some regions on Monday during a 'Bharat bandh' called against the Agnipath military recruitment scheme, while protests appeared to taper off in many states, with authorities stepping up security and imposing curbs after days of unrest.