NEW WORK VALUES
6 things salaried taxpayers want from Budget 2024: Hike in standard deduction, HRA exemption, work from home benefits and more
Budget 2024 expectations: The upcoming budget is expected to address salary taxation to benefit salaried individuals and boost the economy. Taxpayers expect revisions in areas like standard deduction, tax slabs, and HRA limits to ease their burden and encourage spending. Here are some of the key changes that salaried taxpayers want from Finance Minister Nirmala Sitharaman in Budget 2024.
Pint-sized IPOs become lottery ticket as small investors make up to 1,500% return
The frenzy around SME IPOs driven by retail investors seeking high returns raises concerns about an overheated market and potential bubbles. Despite the success stories, caution is advised as valuations may not offer sufficient margin of safety in the current environment.
Ujjivan SFB to work on key focus areas
The SFB entered new states in FY24, which is expected to support the loan book growth in the medium term. The analysts have trimmed the earnings expectations citing possibility of higher loan loss provisioning over the next two years.
Amazon Pay India top up; GST summons for egaming firms
Amazon has pumped Rs 600 crore in its local fintech unit Amazon Pay India. This and more today’s ETtech Top 5.
Thousands of doctors go on strike in England a week before the UK general election
The five-day strike by junior doctors - those in the early years of their careers - shines a spotlight on the troubles besetting the chronically underfunded National Health Service, Britain's state-funded public health system, a topic that is a a top concern for voters going to the polls on July 4.
Aligning business goals and decoding employee behaviour: A modern strategy for MSMEs
Alignment between business goals and employee behaviour is not a one-time effort but an ongoing process that requires continuous attention and adjustment.
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Works of Ray Dalio for economic wisdom and investment guide
The article lists the influential works of Ray Dalio, a prominent investor and entrepreneur. It begins with "Principles: Life and Work," where Dalio shares the unconventional principles that helped him build Bridgewater Associates into the world’s largest hedge fund. The book emphasizes radical truth and transparency, offering practical lessons on decision-making and management. "Principles for Navigating Big Debt Crises" provides a template for understanding and managing financial crises, supported by detailed case studies. The illustrated "Principles for Success" makes his principles accessible to a wider audience, focusing on goal-setting and collaboration. Finally, "Principles: Your Guided Journal" helps readers develop their own principles through guided exercises, promoting personal growth and success.
Shoppers Stop aims to open 60 new INTUNE stores in FY25
Shopper Stop plans to open 60 new INTUNE stores this fiscal, aiming to capitalize on mass premium opportunities in India's value fashion sector. With strategic investments in merchandising and analytics, the retailer is expanding its private labels and beauty brands to cater to evolving consumer preferences and growing brand consciousness.
Slacker generation’s social-media movement against ‘996’ work culture is a warning for Beijing
In response to China's notorious "996" work culture, characterized by grueling 9 am to 9 pm shifts six days a week, a new social media trend called "birding" has emerged. Young Chinese citizens are symbolically rejecting excessive work expectations by posting videos of themselves perched with hands tucked in oversized shirts, digitally placed on tree backgrounds. This protest underscores growing discontent with long hours and poor work-life balance, challenging traditional notions of productivity and national ethos.
Hyundai’s IPO Is Poised to Boost Indian Automakers’ Valuations
Hyundai Motor India Ltd. plans a significant share sale, potentially valuing its Indian unit at $25 billion. Analysts believe this could elevate the nation's auto sector valuations further.
Flexibility, salary key jobseeker parameters for new roles in India: Report
Indian workers are demanding higher salaries to cope with rising living costs and to feel valued. Flexibility is another key concern, as per Michael Page India's Talent Trends 2024 report. Employers need to focus on broader aspects like workplace culture, diversity, equity, and inclusion to attract and retain talent. The report highlighted workplace discrimination in India and emphasised the need to address various generational priorities and challenges in different sectors.
IISc physicists find a new way to represent ‘pi’
Scientists at the Indian Institute of Science (IISc) have unveiled a new series representation for the irrational number pi while researching string theory applications in physics. This discovery aids in simplifying calculations for quantum processes like high-energy particle scattering, drawing parallels to historical pi approximations by Indian mathematician Sangamagrama Madhava.
Gig landscape offer a lot of opportunities for mid-career professionals, but there are stumbling blocks too
India's gig economy is booming, offering opportunities for freelancers and mid-career professionals. The sector values skills and experience, providing flexibility and higher income potential. Mid-career individuals can leverage their expertise for a rewarding career in roles like coders, data analysts, and consultants.
Value lies as much in the hand as the bag
Buyers of luxury brands should prioritize quality over the country of manufacture. Luxury is about imperfection, as handmade items are unique due to subtle differences. Recent investigations into exploitation in Italy's luxury sector highlight a shift from the skill and devotion seen in luxury brand ateliers. The pressure to meet increasing demand without losing exclusivity has led to innovative solutions, like outsourcing to countries like Spain for leather goods. Brands and buyers should value craftsmanship over nationality, ensuring fair treatment and quality remain paramount.
LGBTQIA+ employees have a new ally at workplace in senior leaders
At companies such as GE Aerospace, IBM, LTIMindtree, Deutsche Bank, Cisco, Cummins and Thoughtworks, board members, leaders, people managers as well as teammates are driving a culture of inclusiveness so that LGBTQIA+ workers don’t feel isolated.
Leadership and long-term mega trends: Utpal Sheth on identifying 'Gorilla' companies
We have already established that value creation is different from wealth creation. So, in my experience, there are three large components that create terminal value about which the terminal value investor should have differentiated insight on and those three components are intangibles, megatrends and leadership.
Food delivery companies lean on existing users for growth
In light of a slowdown in new user signups, Zomato and Swiggy are implementing strategies to increase order frequency among their existing customer base. This approach aims to drive growth despite the challenges in user acquisition.
Expect LIC’s VNB margin to grow 2-3%, India embedded value to surge at least 10% in FY25: Siddhartha Mohanty
LIC Chairperson Siddhartha Mohanty highlights significant growth in India embedded value and VNB margins, aiming for further growth. Market seeks clarity on VNB margins. Expectations include a 10% increase in IEV this year. Mohanty further says that in the current year, focus will be on catering to certain segments and a specific product will be designed for those segments.
Companies look to rework benefits for multi-generational workforce: Survey
A survey by Marsh India Insurance Brokers revealed 70% of companies seek new-age benefits and 50% aim to cater to the multi-generational workforce, focusing on Generation Z. Employers are designing comprehensive benefits tailored to diverse needs, including mental health support and flexible solutions.
Note to freshers: Skills are important but ignore work ethic at your own peril
Misconceptions about work ethic include equating long hours with productivity. Novice employees must distinguish between productive diligence and overwork to avoid burnout and maintain productivity.
Stock market rally predictions after Lok Sabha election results create frenzy but investors must remember this key point
True optimism should extend beyond immediate gains. A sustainable investment journey requires diligent planning, thoughtful strategy, portfolio diversification, and patience amidst market fluctuations. By embracing these principles, investors not only mitigate risks, but also position themselves for longterm growth through compounding returns.
Ajooni Biotech offers rights issue to raise Rs 44 crore
Funds raised through the issue will be utilised to finance expenditure towards acquisition of land, site development and civil work, to acquire plant and machinery, part finance working capital requirement and corporate purposes, the company said.
Even traditional companies are adapting to Gen Z employees: Teamlease
Krishnendu Chatterjee discusses the impact of purpose-driven work values on individual and employer health, referencing Tom Rath's concept of 'working to live.' He emphasizes the importance of aligning organizational purpose with employee retention rates.
Miss USA pageant comes under scrutiny as Miss Teen USA steps down after Miss USA. Know the inside story
With the stepping down of the reigning Miss USA and Miss Teen USA within a few days, the pageants' parent organization has come under the microscope. Its problem got complicated particularly because the young women cited mental health and differences in values as their reasons.
Miss USA and Miss Teen USA forced to quit? Shocking 'reasons' revealed
Miss USA 2023 Noelia Voigt has quit from her position due to alleged harassment by the organization. Miss Teen USA Sofia Srivastava too left due to ‘non-alignment’ of personal and organizational values, as per a report.
Early career promotion sounds juicy but learn how to digest it first
Young professionals are no longer waiting years for promotions, instead stepping up early in their careers. Early promotions offer skill development, confidence, and career advancement. Employers value leadership potential, problem-solving skills, adaptability, and market awareness. Challenges include workplace biases and maintaining work-life balance. Strategies for success include showcasing achievements, improving skills, taking risks, and building relationships.
Fired Microsoft engineer takes up goose farming as new career: Check viral LinkedIn profile
Feng Yuan's viral journey from a 22-year tenure at Microsoft to becoming a goose farmer has captivated social media. Initially shared by X user Smarika Malviya, Yuan's career shift reflects a desire for personal fulfillment. Despite his dismissal due to "low performance," Yuan's pride in his work and transition to farming have garnered admiration and curiosity from social media users.
Explained | Bitcoin's 'halving': what is it and does it matter?
Bitcoin's halving reduces new bitcoin creation, maintaining scarcity. Analysts predict price falls post-halving due to reduced mining profitability. Market narratives attribute price surges to various factors, with regulators warning of speculative risks.
Emmforce AutoTech's Rs 54-cr IPO to open on Apr 23; sets price band at Rs 93-98/share
Auto components maker Emmforce AutoTech Ltd on Friday said it will raise Rs 54 crore through its initial share sale opening for public subscription on April 23.
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