The June quarter results reflect sharp cuts in employee costs as companies grapple with the economic impact of the Covid-19 pandemic. A total of 129 firms out of a sample of 217 cut employee costs in the June quarter, shows a Business Standard analysis of Capitaline data. The number was higher than the quarters before, shows data going back to March 2019. Each of the preceding quarters showed an increase in overall employee costs, suggesting that some companies had spent more on employees even as others cut back, resulting in an aggregate gain.
India inflation likely edged up in July on higher food prices: Poll
4G to be restored on trial basis in one district each of J&K: Centre to SC
PM Narendra Modi noted on Tuesday that 10 states account for over 80 per cent of active Covid-19 cases, and asserted if the virus is defeated in these states, then the country will also emerge victorious in its fight against the pandemic. The Centre and states have been able to work as a team in the fight against Covid-19, he said. Read more
The government on Tuesday told the Supreme Court that a special committee looking into the issue of internet restoration in Jammu and Kashmir
has decided to provide 4G internet access on a trial basis in limited areas of the union territory after August 15. The bench also comprising Justices R Subhash Reddy and B R Gavai said this is a fairly good stand on the part of the respondents (Centre and J-K administration). Read more
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