BENGALURU : The implementation of the new labour code has led to significant one-time charges across India’s top IT companies, reflecting increased gratuity and leave liabilities. TCS took the largest hit at Rs 2,128 crore, followed by Infosys at Rs 1,289 crore, HCLTech at Rs 956 crore, Wipro at Rs 302 crore, and Tech Mahindra…
Eternal-owned quick commerce platform Blinkit has removed its long-promoted “10-minute delivery” claim from all platforms, amid growing concerns over the safety and welfare of delivery workers.According to news agency PTI, the company has revised its tagline from “10,000+ products delivered in 10 minutes” to “30,000+ products delivered at your doorstep”, signalling a shift away from…
NEW DELHI: The first impact of the labour codes will be felt in the December quarter results with companies making higher provision for gratuity. “Companies will need to update their gratuity liability provisions in line with Ind AS 19, recognising past service liabilities as the new labour codes came into effect on Nov 21, 2025….
Organizations should do a comprehensive review across HR, finance, payroll and legal functions. (AI image) New Labour Codes explained: After rolling out our new labour codes in last November 2025, the government has now published the draft rules, inviting public feedback within stipulated timelines up to February 14, 2026, and January 30, 2026 for the…
India new labour code (Image for representation) NEW DELHI: A month after notifying the four new labour codes, Centre on Wednesday released draft rules for their implementation, which lay out how minimum wages will be calculated, fix weekly working hours, set procedures to recognise and verify trade union membership, and provide for the composition of…
Apart from the draft rules, the government has also published a list of FAQs on what the new labour codes mean, definition of wages, gratuity calculation etc. (AI image) New Labour Codes: The Ministry of Labour has pre-published draft rules under new labour codes on Wednesday. These draft rules are open for public consultation, and…
Chennai, Sep 1 (IANS ) The Chennai City Police have issued orders prohibiting the flying of drones in the city ahead of President Droupadi Murmu’s two-day visit to Tamil Nadu, citing security reasons. CHENNAI: Tamil Nadu police have detained four 17-year-old school dropouts for hacking a 20-year-old migrant worker from Odisha with sickles near abandoned…
NEW DELHI: With India Inc staring at higher liability due to the labour codes, industry bodies have sought clarifications from the government on various issues, while the Institute of Chartered Accountants of India (ICAI) has suggested that companies provide for increased gratuity and some of the other payments in the accounts for the Dec quarter…
US unemployment benefit claims fell again last week, underscoring a labour market that remains broadly stable even as hiring momentum shows signs of cooling, according to data released by the Labor Department.Applications for jobless aid dropped by 10,000 to 214,000 for the week ended December 20, down from a revised 224,000 a week earlier, AP…
The US labour market continues to lose steam, with the latest jobs report showing a sharp slowdown in hiring. While November’s data was affected by shutdown-related distortions, economists say the broader trend is clear: job creation has settled into a prolonged low gear.Though employers are still adding workers, the pace of hiring is among the…