Expect an average 9.5% pay hike this year, says Aon Hewitt in its salary survey

Pay hikes across industries are likely to average 9.5% in the upcoming appraisal cycle, a drop from 10.3% last year, according to Aon Hewitt’s Salary Increase Survey 2016-17 that covered 1000-plus companies across India. While it’s a marginal decrease from the 2016 spends, it shows that India Inc has held its own amidst global and Indian economic and political events, including Brexit, recent changes in the US government and demonetisation. “Political changes and economic headwinds have had an impact on business performance.

Midcaps are leading the charge on D-St; 10 stocks worth a look

NEW DELHI: Midcap stocks continued their winning streak on Wednesday and scaled a fresh record high with the Nifty Midcap50 and Nifty Free Float Midcap100 hitting fresh record highs. The Nifty Free Float Midcap100 touched a high of 16,501 while the Nifty Midcap50 rose to a high of 4,191 in the first 30 minutes of trade on Wednesday.

Trump hardens immigration rules, 3 lakh Indian-Americans to be affected

WASHINGTON: The US government today issued a sweeping set of orders that implement President Donald Trump's plan to increase immigration enforcement, placing the nation's 11 million undocumented immigrants at risk of deportation. "The Department no longer will exempt classes or categories of removable aliens from potential enforcement," the Department of Homeland Security said in an enforcement memo. "Department personnel have full authority to arrest or apprehend an alien whom an immigration officer has probable cause to believe is in violation of the immigration laws," it said.

No news is good news! Jio's winding up of freebies lifts RIL stock to 8-yr high

NEW DELHI: Shares of Reliance Industries (RIL) shot up 10 per cent in Wednesday’s trade to hit a level last touched in June 2009. The stock logged the gains after the company said it would start charging for its 4G services from April 1, 2017. Reliance Industries investors took the announcement positively, as they had been keenly awaiting for cash flow from the multi-billion-dollar telecom venture. The move will also ease pressure on RJio’s peers.

How taxmen will verify suspicious cash deposits

The Central Board of Direct Taxes has cracked down on 18 lakh people who made suspicious deposits of over Rs 5 lakh during the 50-day demonetisation period, as part of its Operation Clean Money. Here's how taxmen are expected to further investigate these possible cases of black money and tax evasion. Individuals 1. Individuals are exempt from verification for deposits of up to Rs 2.5 lakh (other than minors). No verification required for deposits of Rs 5 lakh for those over the age of 70 years. 2.