Reliance Enters Fashion E-Retail Fray, To Launch AJIO
There’s another weird 4 letter word in the Indian fashion retail space. After Aditya Birla had launched Abof (short for Aditya Birla House of Fashion) as its fashion e-retail arm, Reliance Industry has announced that it’s making an entry into the space with AJIO.com.
China Has Just Announced The Biggest Layoffs In History
The slowdown in China – the world’s second largest economy – has started the rolling out of layoffs. In a startling announcement, Chinese Minister for Human Resources and Social Security has stated that China expects to lay off 1.8 million workers in the coal and steel industries.
New Regulations To Prevent Early Withdrawal Of Provident Funds
If you’re a corporate employee that’s been counting on withdrawing your Employee Provident Fund account prematurely, you might need to think again. The Ministry of Labour and Employment, Government of India, has recently made amendments in the Employees’ Provident Fund Scheme, 1952, that make it harder for employees to prematurely withdraw from their EPF accounts.
Snapdeal Protests Get Messier; Snapdeal Has 2 Days To Respond To Labour Department
The Snapdeal protests, which broke out at Snapdeal’s Sarita Vihar office 2 days ago, have just gotten messier. After the agitating employees had approached the CM Arvind Kejriwal’s office, the Delhi government has directed the Labour Department to look into the matter. Snapdeal has requested for a 2 day period to explain its stand to the Labour department.
Protests At Snapdeal Intensify, Labour Department To Get Involved
Protests at Snapdeal’s office have intensified as management and the fired employees have been unable to reach a compromise.
Ratan Tata Invests In Home Rental Startup NestAway
Continuing with his investments in startups, top industrialist Ratan Tata has invested an undisclosed sum in home rental startup NestAway Technologies. This is Tata’s eighth personal investment in a startup in 2016 so far.
Snapdeal’s Founders Are Being Absolutely Taken Apart By Their Ex Employees
Snapdeal’s former employees are not holding back while criticizing their former bosses.
Only 5.5% Of Tax-Eligible Indians Actually Pay Tax: Economic Survey
According to the annual Economic Survey 2016, by the government of India, it has emerged that only about 5.5% of the people who earn pay their taxes and only 15.5% of the net national income is reported to the tax authorities.
Maker Of Citra, Limca And Maaza To Re-enter Soda Market With Bisleri Pop
With the clamour around the Make In India slogan. Parle Bisleri’s re-entry in a market they dominated more than 3 decades ago, signals a coming of a full circle.