Compensation Financial News

21.08 / 13:01

COST UPS Target FIVE Software performer Explainer compensation Mint explainer: How companies are altering compensation to retain staff

insurance sector is seeing a rejig in the variable pay mix. Some have removed the success of the company as a parameter while rolling out variable pay. These firms think the young workforce may not have the line of sight and see the impact on the larger picture and hence should be evaluated on their own and team's performance.

16.08 / 11:47

Man Assurant awards Time compensation NOT Tribunal cuts victim's compensation by 30 per cent for not wearing helmet at the time of accident

Motor Accident Claims Tribunal docked 30 per cent for not wearing a helmet, awarding only Rs 1.02 crore (with interest) compensation instead of Rs 1.46 crore to the widow, children, and mother of a 38-year-old Andheri man who died in 2014 after a truck rammed into his bike at Powai. As per a TOI report, the decision was based on the fact that the biker was not wearing a helmet at the time of the accident.

08.08 / 07:49

awards Solomonic country exclusive compensation Yindjibarndi compensation claim is ‘misconceived’, court told

A claim for compensation from the Yindjibarndi people over mining on their lands in Western Australia’s northwest is misconceived and should be dismissed, the Federal Court has been told.

07.08 / 05:41

UPS Aware Oscar shootings cover social compensation Financial Mahouts Bomman & Bellie accuse ‘The Elephant Whisperers’ director Kartiki Gonsalves of financial exploitation, demand Rs 2 cr compensation

Bomman and Bellie, the two tribal mahouts, who were catapulted to worldwide fame after they featured in the Oscar-winning documentary ‘The Elephant Whisperers’, have now accused director Kartiki Gonsalves of financial exploitation and demanded a ‘goodwill gesture’ of Rs 2 crore. The two mahouts claimed that they were subjected to several dire situations during the shooting of the movie and had to spend a large amount of money to cover shooting expenses.

04.08 / 20:27

UPS MET Entertainment Remark band performer compensation U.N. group says people abused by late Japanese boy band producer deserve apologies and compensation

The men who came forward to allege they were sexually abused as teenagers by Japanese boy band producer Johnny Kitagawa now have a powerful listener: the United Nations

03.08 / 17:51

business Twitter Social Media European Union compensation elon Agence France-Presse sues Elon Musk and X/Twitter over compensation for news

Agence France-Presse (AFP) announced a lawsuit against X, the company formerly known as Twitter, on Aug. 2, citing Europe’s “neighboring rights” legislation.

03.08 / 16:11

Provident FIVE Manufacturing Action track cover compensation Six years of GST: Compensation cess still needs to be sorted out

GST) marked its sixth anniversary. I wrote a five-year review last year (Mint, 1 July 2022), commending its compliance simplification after a bad start. I also strongly proposed universal access to the Reverse Charge Mechanism (RCM) to help resurrect informal manufacturing and services.

01.08 / 16:19

Provident FIVE love compensation Nuh violence: Haryana Police announces Rs 57 lakh compensation for slain home guards' families

Haryana Police on Tuesday announced a compensation of Rs 57 lakh each to the families of two home guards killed in the Nuh violence. Five people have been killed in the violence that erupted on Monday.

31.07 / 10:05

COST Provident Booking Airlines compensation Consumer forum in Hyderabad orders GoAir to pay a compensation for a flight cancellation

GoAir must pay a compensation of Rs 10,000 and reimburse additional flight charges amounting to Rs 13,956 to a flyer for the abrupt cancellation of a flight to the Maldives a week before the scheduled trip. As per a ToI report, the commission supported the complainant's argument, stating that the cancellation caused mental agony and inconvenience, despite booking the tickets well in advance for a hassle-free family holiday. The complainant, DV Manohar (69), a resident of Whisper Valley, had booked round-trip tickets for Rs 77,408 through GoAir for a holiday trip to the Maldives.

30.07 / 05:51

Citi Action Parke BURST Southern compensation Swedish mining firm Boliden is exempted from paying compensation for toxic spill in Spain in 1998

Sweden's mining firm Boliden has been exempted from paying 89 million euros, or about $98 million, in compensation for the cleaning of a toxic sludge spill that occurred in 1998 in southern Spain

28.07 / 13:57

regulation companies Financial Services Wealth managers financial conduct authority FCA Asset Managers Woodford compensation 2024 FCA: Woodford compensation payments could begin as early as 2024

The update revealed the creation of an investor committee to be chaired by Jamie Drummond-Smith, a former Deloitte partner who oversaw the company voluntary arrangement of Arcadia Group as interim chair.

28.07 / 09:17

Citi PwC Woodford compensation PwC to oversee £235m compensation scheme for Woodford investors

PwC will oversee a multi-million pound compensation scheme for investors trapped in Neil Woodford’s defunct Equity Income fund.

26.07 / 08:05

show star compensation 'Only doctor can decide about hospitalisation': Court orders Star Health to pay compensation for rejecting claim

In a significant ruling in favor of Amitkumar Goyal, a resident of Vyara in Tapi district, the commission overturned Star Health and Allied Insurance Co's rejection of his mediclaim of Rs 86,250 for a hospital bill, citing the 'admission not required' clause. According to the case details, Goyal had purchased a mediclaim policy of Rs 10 lakh from the insurance company for the period from April 30, 2020, to April 29, 2021. On November 18, 2020, he was admitted to a private hospital in Surat, where he was diagnosed with viral pneumonia and Covid-19.

26.07 / 05:19

Progressive mk compensation CM MK Stalin announces ₹3 lakh compensation for family members of those killed in Tamil Nadu fire

₹3 lakhs to each family of the deceased. The authorities swiftly responded to the incident, with police officials conducting an investigation into the matter. Further details about the cause of the explosion are awaited as the investigation progresses.

26.07 / 04:43

Provident Man Software Metro compensation Bengaluru Metro pillar case: HC notice to K'taka govt, BMRCL on plea seeking Rs 10 cr compensation

Bengaluru Metro Rail Corporation Limited (BMRCL) and others on a petition filed by a man, who lost his wife and minor child in the Namma Metro pillar collapse incident here earlier this year, seeking compensation. Petitioner Lohitkumar V Sulakhe filed a writ petition demanding a compensation of Rs 10 crore, claiming that the accident had occurred due to the negligence of BMRCL authorities.

18.07 / 21:07

Citi CEO Action Oracle Tesla Dover compensation Tesla directors to return more than $735 million to company to settle suit challenging compensation

Current and former directors of Tesla Inc. have agreed to return more than $735 million to the electric-vehicle maker to settle a shareholder lawsuit alleging that they unjustly enriched themselves with excessive compensation

18.07 / 16:23

UPS Provident MET Cooper Action Assurant Department compensation Manipur Government's initiatives: Additional funds for agriculture department and compensation for late M. Lucy's family

Manipur government allocated an additional fund of Rs.2.5 crore to the Agriculture Department for procurement of fertilizer. The Manipur Government had decided to pay an amount of Rs 10 lakh to the next of Kin of late M. Lucy who was recently killed by unidentified miscreants.Manipur police has warned that there should be no obstacle to the movement of security forces in carrying out their official duties.

17.07 / 14:15

compensation Delhi floods: Congress says Rs 10,000 compensation 'too little'

Delhi Congress said the compensation was «too little». The party demanded that the Delhi government forms a high-level committee to assess the losses of the flood-hit people here.

13.07 / 18:39

UPS Manufacturing Toyota Hyundai Innova compensation Compensation cess and your UV buying plans

SUV (sport utility vehicle) or MUV (multi-utility vehicle) the GST Council’s decision to change the definition of UVs that attract a compensation cess of 22% may have implications. Mint explains the changes and the impact on buyers. All motor vehicles, barring electric vehicles, are taxed in the highest GST slab of 28%.

11.07 / 09:13

UPS Provident MET compensation SC order on motor insurance compensation may affect general insurers

The recent judgment of the Supreme Court in a motor insurance compensation case may adversely impact general insurance companies as compensation payout to victims in third-party insurance claims are likely to go up, according to industry insiders.

10.07 / 13:33

Target MAIL Progressive GBP Indian settlement compensation Indian-origin employee wins ₹2.5 cr from Royal Mail in UK; marks largest compensation settlement value

₹25 crore compensation from the company in the United Kingdom, after her bullying claim was upheld. The compensation settlements is being dubbed as one of the largest made till date. The employee Kam Jhuti, had claimed that she had been intimidated and harassed by her boss after she raised concerns that a colleague had secured their bonus illegitimately. The claim made dates back to an incident eight years ago.

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