Big Benefit For Employees: Tax-Free Gratuity Limit To Be Doubled to Rs 20 Lakh

Big Benefit For Employees: Tax-Free Gratuity Limit To Be Doubled to Rs 20 Lakh

The government has decided to raise the upper limit of tax-free gratuity payable to an employee from the existing Rs 10 lakh to Rs 20 lakh. The process has been set in motion by the Union Cabinet’s approval of the introduction of the Payment of Gratuity (Amendment) Bill, 2017, in Parliament. The amendment is also expected to increase the limit of gratuity of employees in public sector undertakings and autonomous government organisations and bring it at…

Playing Casual Video Games Between Work Reduces Stress, Says Study

Playing Casual Video Games Between Work Reduces Stress, Says Study

Stress at work is a complaint faced by most employees. That playing video games between spells of work could be a stress-buster, according to a recent study, could be sweet music to most ears. Indeed, that is what Michael Rupp at the University of Central Florida, US and his team has concluded in an article published recently in The Journal of the Human Factors and Ergonomics Society. The study was carried out on 66 participants…

Monster.com Accused Of Selling User Data, Court Orders Probe Days After Historic Privacy Ruling

Monster.com Accused Of Selling User Data, Court Orders Probe Days After Historic Privacy Ruling

Just days after the Supreme Court’s historic ruling declaring Privacy to a fundamental human right, companies are already being pulled up for misusing confidential user data. A trial court has ordered a probe against online jobs portal Monster.com for allegedly selling data of its website users to a third party, reports ET.  “It is common knowledge that when a person applies for a job on the internet, s/he feeds personal information which includes name, address…

Your Co-workers Cause More Stress Than Your Boss, Say Studies

Your Co-workers Cause More Stress Than Your Boss, Say Studies

Mean bosses are often cast as villains of the workplace, but real office-related stress might be coming from somewhere a lot more insidious — your own coworkers. Study after study seems to imply that coworkers are responsible for more workplace-related stress than direct managers. A 20 year-long study by Tel Aviv University tracked 820 adults – between the ages of 25 to 65 years – drawn from a wide variety of professional fields. Starting with a…

The Highest Package Offered At IIT Bombay This Year

The Highest Package Offered At IIT Bombay This Year

IIT Bombay consistently ranked as one of the premier engineering institutes in India. While many of those who graduate from this institution proceed further with their education either in India or abroad, there are many others who are placed through the campus placements. The IIT Bombay highest package for 2016- 2017 was $110,000 (Rs. 71 lakh), offered by Uber for a position in the US.  Apart from Uber, Microsoft also offered a package as $106,000 (Rs….

How Desh Bandhu Gupta Turned A Rs. 5000 Loan Into The Rs. 18,000 Crore Pharmaceutical Giant, Lupin

How Desh Bandhu Gupta Turned A Rs. 5000 Loan Into The Rs. 18,000 Crore Pharmaceutical Giant, Lupin

Pharma major Lupin’s founder and Chairman Desh Bandhu Gupta, 79, passed away in Mumbai this morning. Gupta, who was born in Rajgarh, Rajasthan did his M.Sc. in Chemistry and started his career as a teacher in BITS (Birla Institute of Technology and Science), Pilani. He came to Mumbai in the early 1960s and founded Lupin in 1968 with a sum of Rs 5,000 borrowed from his wife. Lupin is now the 4th largest generics pharmaceutical…

Nokia Phones Will Be Back In India, But Will They Connect?

Nokia Phones Will Be Back In India, But Will They Connect?

Nokia, the former market leader in the Indian mobile phone market, is attempting a formidable comeback. It is hitting the Indian market with three new smartphones. The launch of its Nokia 3, 5 and 6 phones is sure to jolt the mobile phone competition once again. While Nokia 3 launches on June 16, the other two models will be available from July. While Nokia 3 and 5 are offline exclusive and priced at Rs 9,499…

Executive MBA In India: The Pros And The Cons

Executive MBA In India: The Pros And The Cons

If you have missed out on a management degree and have spent over three years in your job, you can go in for an executive MBA in India (EMBA). Various top management institutes offer a one-year full-time EMBA course or part-time courses of varying durations from 15 months to 2-3 years. The EMBA programmes are more expensive than the regular two-year full-time MBA programmes. These courses offer an opportunity to bolster one’s career, hence the…

StartupIndia.in Asked To Give Up Domain Name To Avoid Confusion With Govt’s Startup India Initiative

StartupIndia.in Asked To Give Up Domain Name To Avoid Confusion With Govt’s Startup India Initiative

The National Internet Exchange of India (NIXI) has asked startupindia.in to cancel its domain name since it is “misleading and is in violation with the Startup India program.” As reported by moneycontrol.com, the demand has been made on request from India’s Department of Industrial Policy and Promotion (DIPP). The DIPP under the Ministry of Commerce and Industry is responsible for implementing the Startup India programme of the Government of India, launched by the Prime Minister…

Tata Motors Employees To Have No Designations From Now On 

Tata Motors Employees To Have No Designations From Now On 

Tata Motors might be part of a centuries-old group, but it’s sure keeping with the times. India’s largest vehicle manufacturer has decided to do away with the system of designations for its managerial employees in an attempt to move towards a flatter organization. According to Gajendra Chandel, Chief Human Resources Officer at Tata Motors, designations such as vice-president, general manager, regional sales manager, and area manager will become history. Only the executive committee, comprising the Managing…

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