New gratuity rules explained: How new labour codes will increase payout at various salary levels – check calculations

One major change under the new labour codes is the eligibility criteria for gratuity. (AI image) New labour codes 2025, gratuity rules explained: The new labour codes, effective November 21, 2025, have wide reaching implications for both employees and employers. Your salary, both take home and the Cost To Company (CTC), gratuity, provident fund will…

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‘Cartel-like behaviour’: FIP issues letter flagging IndiGo’s ‘hiring freeze’; urges DGCA to act amid widespread flight cancellations

The Federation of Indian Pilots (FIP) issued a letter on Wednesday to the Directorate General of Civil Aviation (DGCA) alleging that IndiGo imposed a “hiring freeze” despite having a two-year window to prepare for the full rollout of new flight duty and rest period norms for cockpit crew.“Despite the two-year preparatory window before full FDTL…

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Fallout of rupee breaching 90 mark: Get ready to pay higher for consumer goods; here’s what may become costlier

Manufacturers of smartphones, laptops, televisions and major appliances have indicated plans to hike prices. (AI image) Consumers may soon have to brace for higher prices! The depreciation of the rupee beyond Rs 90 against the US dollar could force various sectors including consumer electronics, beauty products, and automobile manufacturers to increase their prices. This increase…

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‘Challenge to our system’: Malaysia cracks down on illegal Bitcoin mining; power theft losses reach $1.1 billion

Malaysian authorities are stepping up their crackdown on illegal Bitcoin mining after uncovering nearly 14,000 illicit sites over the past five years and reporting about $1.1 billion in power-theft losses for state utility Tenaga Nasional (TNB).With cases rising sharply, including around 3,000 power-theft incidents linked to mining recorded by early October, the government last month…

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Rupee hits another low! Currency slumps to 90.43 against US dollar; what it means

Since April 2, following Trump’s reciprocal tariff announcement, the currency has depreciated by 5.5%. (AI image) The rupee continued its downward journey against the US dollar on Thursday, slumping to a record low of 90.43 in early trade. The Indian rupee crossed the significant 90-level barrier against the US dollar on Wednesday, reaching an intra-day…

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EU says no to Russian gas: European Union aims to ban supply by 2027 – What is the whole plan?

The European Union has agreed on a timeline to completely halt Russian gas imports by autumn 2027, marking a significant escalation in efforts to curb Moscow’s energy revenues as the war in Ukraine approaches its fourth year.The agreement was reached during overnight talks between EU institutions and national governments, ending months of negotiations over how…

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Growth pulse: Services activity picks up in November; PMI rises as new orders strengthen & price pressures ease

India’s services sector regained momentum in November as firms reported a quicker rise in new business and only mild price pressures, helping the industry rebound after losing pace in October, according to PTI. The latest HSBC India Services PMI survey showed a broad improvement in operating conditions, supported by stronger domestic demand.The seasonally adjusted HSBC…

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