Vishal Sikka resigns as MD and CEO of Infosys; UB Pravin Rao given interim charge

Vishal Sikka resigns as MD and CEO of Infosys; UB Pravin Rao given interim charge

Infosys appoints U B Pravin Rao as Interim-Managing Director and Chief Executive Officer In a major development, Vishal Sikka on Friday resigned as Managing Director (MD) and CEO of the IT-giant Infosys. Sikka has now been appointed as executive vice-chairman. UB Pravin Rao has been appointed as interim MD and CEO with immediate effect. The […]

7th Pay Commission on allowances: Maximum monthly HRA hiked by 176% to Rs 75,000

7th Pay Commission on allowances: Maximum monthly HRA hiked by 176% to Rs 75,000

Lower level employees will get HRA hike of up to 157 percent from their July month salaries as against 122 percent for higher level employees. But when DA will cross 50% then higher level employees will receive 176 percent hike as against 157 percent hike for lower level employees. New Delhi: More than 7.5 lakh […]

Is it good news for Indian IT sector as Trump favours merit-based immigration system?

Is it good news for Indian IT sector as Trump favours merit-based immigration system?

Washington: President Donald Trump favors a merit-based immigration system that will benefit US economy and create jobs, the White House has said, in views that would be welcomed by Indian IT professionals and entrepreneurs. The President has made clear he believes that (there) should be a merit-based system where individuals coming into the country bring […]

Demonetisation: RBI restricts withdrawal from Jan Dhan accounts up to Rs 10,000 per month

Demonetisation: RBI restricts withdrawal from Jan Dhan accounts up to Rs 10,000 per month

New Delhi: In a bid to check the misuse of Jan Dhan accounts by black money hoarders, Reserve Bank of India (RBI) has restricted the withdrawal from such accounts to Rs 10,000 per month. Fully KYC-complaint Jan Dhan account holders will be allowed to withdraw Rs 10,000 per month from their account, while limited or […]