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Mint had reported earlier after speaking with several consultants including Aon, Mercer and Willis Towers Watson (WTW) that Indian companies are likely to offer median increments of 9-10% this time, with macroeconomic pressures pushing companies to be more prudent. In fiscal year 2023 (FY23), the median remuneration had risen 9.5% on average, the highest since FY20 (9.7%), a Mint analysis of Sensex companies showed. However, in 2019-20 (before covid), the average annual inflation was far lower, at 4.8%.

NEW DELHI : Hyderabad-based pharmaceutical company Dr Reddy’s Laboratories Ltd (DRL), will invest ab out ₹700 crore for capacity expansion during the second half of the fiscal, G. V. Prasad, co-chairman and managing director of DRL told Mint.

Archaeological Survey of India (ASI) Sunday exempted the entry fees at all its protected monuments including the Taj Mahal and Agra Fort, Kos Minar at Fatehpur Sikri, and Red Fort in Delhi for one day on the commencement of World Heritage Week, ANI reported. Taj Mahal, a UNESCO World Heritage Site, witnessed a huge surge in the number of visitors today as the entry fee waiver made this architectural marvel more accessible to a wider audience. However, the entry fee for the main mausoleum of the Taj Mahal was not exempted.

(Reuters) -Blackstone is the lead to win the $17 billion portfolio of commercial-property loans from the U.S. Federal Deposit Insurance Corp's (FDIC) sale of Signature Bank (OTC:SBNY) debt, Bloomberg News reported on Sunday.

UCO Bank received a pleasant surprise earlier this month when a technical glitch resulted in the bank erroneously transferring a total of Rs 820 crore through the mobile-based Immediate Payment Service (IMPS) system to their accounts. The bank managed to recover most of the money, but it has raised serious concerns about account safety and what can customers do in case of such fraudulent or erroneous debits or credits. Which are the electronic transactions vulnerable to fraud? The Reserve Bank of India classifies electronic transactions into two broad categories: online transactions (internet banking, mobile banking and prepaid) and face-to-face transactions (needing a physical payment instrument such as a card or mobile phone at an ATM or a point-of-sale terminal).

Chancellor of the Exchequer Jeremy Hunt pushed back on the prospect of imminent cuts to income tax or national insurance, following weekend reports that he's considering doing so in his Autumn Statement this week. «The one thing we won't do is any kind of tax cut that fuels inflation,» Hunt said Sunday on Sky News, when asked about the reports. Still, «we need to show there is a path to a lower-tax economy,» he added.

In recent developments within the NFT ecosystem, a consistent growth pattern has emerged, as reported by Nansen, a blockchain analytics platform. Over a five-week period, the NFT market has seen a robust increase in trading volumes, particularly in Ethereum (ETH) transactions. The upward trajectory commenced in the week closing on October 9th, with NFT sales amounting to 29,704 ETH. By the week ending November 6th, this figure nearly doubled to 68,342 ETH.

The 2023 CEX Market Report by 0xScope, published on November 6, 2023, provides a comprehensive overview of the changing landscapes within the centralized exchanges (CEXs) over the past year. It highlights the shifting dynamics and the rise of second-tier exchanges like OKX and Upbit challenging Binance's previously uncontested dominance.

Inflation has reached its lowest point in two and a half years. The unemployment rate has stayed below four per cent for the longest stretch since the 1960s.

Ayatollah Ali Khamenei issued an appeal to all Muslim-majority countries on November 19, asking them to snap political ties with the Zionist state. "Islamic governments should at least cut off political ties to Israel for a limited time," Khamenei said on November 19, while attending a military exhibition in Tehran.

MUMBAI : Information technology (IT) stocks seem to be garnering renewed interest with the Nifty IT index rising 6% so far in November. The better-than-expected October US CPI inflation data has raised hopes that the US Federal Reserve’s rate hiking cycle is nearing its end. If this hope materialises then it should come as a boost especially to the banking, financial services, and insurance (BFSI) sector—a key revenue generator for Indian IT companies.

Our dependence on fossil fuels is damaging our health and pushing temperatures to record levels. The interlinked climate calamities of the past few years—extreme weather events, food insecurity, water scarcity, and worsening air pollution—are a direct result of greenhouse-gas (GHG) emissions. But the adverse effects we are experiencing today could be just a preview of the catastrophes that await us.

₹800), exceeding its market value by over tenfold. Often Nusr-Et has been under critics' radar after frequent complaints for excessive pricing. Critics also condemned his restaurant for their excessive emphasis on presentation rather than food quality.

Economic Times reported, citing a top official of the company. The official was responding to the newspaper's query on social media posts that made unverified claims of around 500 staffers being laid off by PhysicsWallah.

World Cup 2023 final being played in Ahmedabad today, quick delivery companies like Zepto, Blinkit and Instamart Sunday reported skyrocketing orders, even bigger than Diwali, for core cricket viewing-day products like snacks and beverages beside puja flowers and Indian cricket team jerseys just before the match started at 2 pm. “This is the event of decade in India, even bigger than Diwali…Zepto is the perfect platform for core cricket-viewing products like beverages and snacks which is why we’re seeing a major boost in volume today" BQ Prime quoted Aadit Palicha, cofounder and CEO of Zepto as saying.

BENGALURU : For Ashok Leyland Ltd, this financial year is likely to be a notable one in terms of profitability. After four years, the commercial vehicle (CV) maker is on course to clock double-digit Ebitda margin in FY24. In the first half of FY24, the measure stood at 10.7% and the company expects the second half to benefit from the twin tailwinds of better demand and softer commodity costs.

MUMBAI : The Bharat Heavy Electricals Ltd (BHEL) stock has zoomed 77% so far in 2023. The government’s capex thrust has come as a shot in the arm for capital goods stocks lately. But in the case of BHEL, a robust order inflow outlook mainly for its thermal power segment, is fuelling optimism among investors.

Wall Street’s three major indexes closed slightly higher on Friday to notch their third straight winning week as investors held fast to the belief that U.S. interest rates have peaked and might even fall next year.

Sam Altman on Friday, a host of players across the tech industry have come onto the scene. From co-founders to chief executives, here are their roles and how they play into the escalating series of events happening at the artificial intelligence firm.

NASA are circulating open letters demanding that President Joe Biden pursue a cease-fire in Israel's war against Hamas. Congressional staffers are picking up microphones in front of the Capitol, speaking out to condemn what they say is the silence of lawmakers about the toll on Palestinian civilians. As the deaths soar in Gaza, Biden and Congress are facing unusually public challenges from the inside over their support for Israel's offensive.

Drilling to prepare an escape passage for 41 workers — trapped at Silkyara tunnel collapse site for a week now — remained suspended on Sunday, while Union Minister Nitin Gadkari who reviewed the rescue operation said another large diameter pipeline was being pushed through the rubble to provide essential supplies to them. An American auger machine which was brought as a replacement had to be stopped on Friday afternoon after it hit some hard surface while drilling through the rubble in the collapsed part of the under-construction tunnel, following which officials on Saturday began preparations to drill a vertical hole from the top of the hill.