The central government is expected to announce a 2% hike in Dearness Allowance (DA) and Dearness Relief (DR) this week, according to several media reports. This anticipated hike is set to benefit over 12 million central government employees and retirees under the guidelines of the 7th Pay Commission. If implemented, this increase will raise the existing DA from 53% to 55% of the basic pay. The increase is designed to help employees and pensioners manage inflation by adjusting their income to

Indian Oil Corporation Limited (IOCL), one of India's leading public sector enterprises, has announced vacancies for the post of Assistant Quality Control Officer. The recruitment drive offers competitive salaries, career growth opportunities, and a structured selection process for eligible candidates.The notification details the eligibility criteria, salary structure, service bond, and selection procedure, inviting qualified professionals to apply before the deadline.  

The Andhra Pradesh Excise Department recently implemented a marginal increase in the prices of certain liquor products, prompting immediate reactions from political leaders. YSR Congress Party (YCP) leaders accused the AP government of committing a major mistake by raising liquor prices. However, Excise Minister Kollu Ravindra swiftly countered these claims.   Minister Ravindra clarified that the price hike only affects hard liquor, and even then, it is a modest ₹10 in

Infosys Ltd. has confirmed that over 300 employees were let go, responding to earlier reports alleging forceful termination. The company clarified that the layoffs, which mainly involved freshers at the Mysuru campus, were not forced but were the result of failure to clear internal onboarding tests. This follows allegations from the IT employees’ union NITES, which claimed that nearly 700 freshers were abruptly let go just months after being hired.   NITES also rai

FIITJEE, one of the prominent coaching institutes for IIT-JEE preparation, is facing significant backlash following the sudden closure of multiple centres in Delhi-NCR and Uttar Pradesh. The closures have been attributed to months of unpaid salaries for teachers, leading to their resignation and a disruption in services for enrolled students. The affected students, who were preparing for both board exams and competitive entrance tests, have been left stranded without prior notice from the ins

On Thursday morning, the Union Cabinet led by Prime Minister Narendra Modi made significant decisions, including approving two major plans with long-term implications for India’s space exploration and central government employees. In a boost to the Indian Space Research Organisation (ISRO), the cabinet sanctioned a Rs 3900 crore investment to establish a third launch pad at the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh. This new launch pad will serve dual purpo

Infosys, the major IT company, has postponed its annual salary hike for the fourth quarter of FY 2024-25, following the last increase in November 2023. This delay highlights the ongoing uncertainties within the domestic IT sector. One of the key reasons cited for the slowdown is the lack of increased IT spending from clients, influenced by macroeconomic factors, including potential tariffs under the upcoming Donald Trump administration. Infosys is not alone in this move, as other large IT com

Infosys Ltd. has launched its new state-of-the-art development centre in Kolkata, West Bengal, marking a significant milestone in the company's expansion and commitment to innovation in the region. The 320,000 sq. ft. facility, built with an investment of over Rs 426 crore, will host over 4,000 employees who will work on cutting-edge technologies such as cloud computing, artificial intelligence (AI), and digital transformation. This centre will cater to a variety of industries, including

Infosys co-founder Narayana Murthy has once again defended his controversial call for a 70-hour workweek, which he initially proposed in 2023. Murthy believes that young professionals in India must work harder to make the country globally competitive. Speaking at an event in Kolkata, Murthy highlighted the importance of aiming high and working towards making India the best. He pointed out that millions of Indians still live in poverty, and working hard is crucial to improving the nation&rsquo

Bharti Airtel Ltd. has emerged as the leader in India’s telecom sector, gaining market share over the past 12 months following tariff hikes implemented earlier. According to the latest data from the Telecom Regulatory Authority of India (TRAI), the country’s mobile sector saw a 14% year-on-year revenue growth, totaling Rs 2.69 lakh crore. During this period, Bharti Airtel reported the highest revenue growth of 19%, while Vodafone Idea Ltd. and Reliance Jio Infocomm Ltd.