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MUMBAI: Most companies reporting their financial results for Q3FY26 are reporting a large one-time provison towards employee benefits attributing it to the new labour code. TOI takes a look at what brought about these changes and how does it affect stakeholders.1. What is the new labour code change that is forcing companies to make one-time…
MUMBAI: Bajaj Finserv reported consolidated profit after tax of Rs 2,229 crore for the December quarter, flat compared with Rs 2,231 crore a year earlier, as higher provisions and one-time charges offset underlying growth across its businesses. Excluding these exceptional items, consolidated profit after tax rose 32% year-on-year to Rs 2,936 crore .Bajaj Finance, the…
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…
LUCKNOW: The Uttar Pradesh government on Monday announced a one-time relaxation of three years in the upper age limit for the upcoming police recruitment drive, offering major relief to aspirants preparing for constable-level posts.The age relaxation will apply to all categories of candidates for the proposed 2025 direct recruitment to the police force, following the…
Elon Musk’s Starlink has set its Indian launch price at Rs 8,600 monthly, plus a Rs 34,000 hardware fee. This significantly exceeds current terrestrial broadband options like Airtel and Jio, which offer speeds up to 40MBPS for under Rs 500. Starlink promises unlimited data and 30-day trials, but service commencement hinges on government spectrum allocation….
NEW DELHI: The Directorate General of Civil Aviation (DGCA) has given a one-time, 24-hour extension to IndiGo CEO Pieter Elbers and COO Isidre Porqueras, who is also the accountable manager, to reply to its show-cause notices issued on Saturday. While they were asked to respond within 24 hours, the two on Sunday requested “extension of…
Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, reported an 84% year-on-year rise in consolidated net profit to Rs 3,199 crore for the September quarter, boosted by a one-time gain from the sale of its stake in AWL Agri Business Ltd (formerly Adani Wilmar Ltd).However, excluding the exceptional gain of Rs 3,583…
External Affairs Ministry engaged intensively during the weekend with the Donald Trump administration regarding H-1B fees concerns. (AI image) The White House clarification on the hikes $100,000 H1-B visa fee being only for new applicants and not for existing holders, along with the announcement that it was a one-time fee, rather than an annual cost…
