In the wake of financial misdoings coming to light, the corporate affairs ministry had superseded the board of IL&FS in October 2018. The sprawling financial services group has 347 entities under it and resolution has taken place for 246 entities after the ministry-appointed board started the resolution process.
A founding team of approximately 10 team members will be based in Ontario Teachers’ Mumbai office by the end of 2022, comprising a mix of local talent and transfers from its other offices. This presence is expected to scale further as Ontario Teachers’ investment portfolio grows in the coming years.
The board of directors of the company in its meeting held on September 26, 2022 approved the scheme of arrangement, Forbes & Company Ltd (FCL) said in a regulatory filing.
Pay hikes on an average in India are likely to increase by 10.4% in 2023, compared to an actual increase of 10.6% to date in 2022, which is slightly higher than the 9.9% increase projected in February, according to a survey by Aon plc, a global professional services firm. Aon has released insights from its latest Salary Increase Survey in India which analysed data across 1,300 companies from over 40 industries in India.
The group with $128 billion revenue and $255 billion market cap is hastening its simplification and synergising strategy to better focus on growth and scale and improve cashflows in the larger companies, said executives close to the development. This is part of Tata Sons chairman N Chandrasekaran's stated plan of transforming the country's oldest conglomerate to make it future ready.
With multiple online sales underway and an unprecedented demand for temp workers this festive season, leading staffing firms including Randstad, CIEL HR Services, Quess and TeamLease Services told ET that companies are trying to be more inclusive and have a clear ask: to try and induct more women into temp roles.
​In a series of tweets, the investment app founder laid out the details of a fitness challenge that could earn employees an extra month's salary for the next year.
A rundown of the five most important, popular and interesting stories on ET Prime this week.
The economy too is at a volatile juncture with slower-than-expected growth recovery and galloping inflation. For stocks, the plausibility of earnings growth is diluting and valuation is said to trade below the long-term average. So, what could be better than to have some safe options even during a volatile period, enjoy the thrills of new-age investments and still achieve the monetary goals?