Page 5 - Bonus Payouts

Motilal Oswal Financial bonus issue plan buzz: Stock up 5%, hits record high

Thus far in the calendar year 2024, the stock price of MOFSL has appreciated by 76 per cent

Fintech platform GroMo distributes Rs 100 cr in payouts to partner agents

Fintech platform GroMo on Saturday said it has distributed Rs 100 crore in payouts to its partner agents on the eve of completing the five-year milestone. The company aims to achieve Rs 1,000 crore in earnings for the GroMo partner agents in the next five years, the platform, engaged in facilitating the distribution of financial products, said in a statement. Founded by IIT Delhi alumni Ankit Khandelwal and Darpan Khurana, GroMo is playing a role in driving financial inclusion and enhancing financial literacy in tier 2, 3 and smaller cities. It provides access to financial products like bank accounts, insurance, credit cards, loans and investment options from the leading banking and non-banking financial institutions, it said. The company has expanded its product portfolio from 25 to over 160 in the last couple of years, it said, adding that the platform has successfully onboarded over 36 lakh partners, doubling its numbers in just a year, and currently operates across 19,000 pin .

Claim payout delays put PLI scheme's nodal agencies under scrutiny

NITI Aayog to monitor project management agencies, ministries to ensure speedier claim settlement

Stock of this company has zoomed 468% in 6 months; to consider split, bonus

The board of directors of Cupid is scheduled to meet on January 23, 2024, to consider and approve Q3 results, proposal of stock split, bonus issue and raising of funds.

Fiem Industries zooms 15% as board to consider bonus issue on Jan 15

The management expects the company continue to benefit from its diversified product and customer mix and expects a strong second half driven by the festive season and pick-up in rural demand.

UBS steps up bid to claw back cash bonuses from Credit Suisse defectors

UBS has contacted hundreds of bankers and offered some multi-year payment plans amid efforts to claw back a chunk of the 1.2 billion Swiss francs ($1.38 billion) in restricted cash bonuses

Centre grants 30-day non-productivity linked bonus to employees for FY23

Finance ministry sets monthly emolument ceiling at Rs 7,000 for ad-hoc bonus calculation

Telangana govt announces 32% of SCCL's profits as bonus for coal workers

The Singareni Collieries Company Limited (SCCL) is a government coal mining company jointly owned by the Government of Telangana and the Government of India on a 51:49 equity basis, respectively

Railways union demands productivity bonus on basis of 7th pay commission

Indian Railway Employees Federation (IREF) has written to the railways demanding an enhancement in the productivity-linked bonus (PLB) that the workers get every year ahead of the festive season. The railways pay PLB, which is equivalent to 78 days' wages, to all non-gazetted employees (Group C and Group D) as an incentive to increase productivity and ensure safety. The PLB is calculated on the basis of the minimum salary paid to the lowest grade (Group D) employees. The IREF has argued that though the railways implemented the recommendations of the 7th Pay Commission on January 1, 2016, yet the PLB has still been calculated and paid based on the minimum salary fixed by the 6th Pay Commission. The minimum salary paid to Group D employees in the 6th Pay Commission was only Rs 7000 while it was enhanced to Rs 18,000 in the 7th Pay Commission. According to the Federation, all employees of Group C and Group D get only Rs 17,951 which is calculated on the basis of Rs 7000 as the minimum

HDFC Life declares highest ever bonus of Rs 3,660 cr on participating plans

2.31 million policyholders are eligible for this bonus

Air India revamps pay structure of pilots, crew; announces reward, bonus

The new structure also includes revised pay scales across all levels and will come into effect from April 1, 2023

65% from 85%: Bonus slashed for Meta Platforms staff, says report

Meta gave thousands of employees subpar ratings in its most recent round of performance reviews, WSJ reported

Disclosure gains

Sebi's proposals on listing norms would aid transparency

Cabinet approves payment of productivity linked bonus to railway employees

In what can be termed as a Diwali bonanza for lakhs of railway employees, the Union Cabinet approved payment of productivity linked bonus equivalent to 78 days to them for financial year 2021-22

Twitter tells employees bonuses could halve, based on performance: Report

Challenges for Twitter include advertisers' uncertainty related to the Ukraine war and a legal dispute with Elon Musk over his plan to abandon his $44 billion purchase

Investment bankers ride on record IPOs in FY22 to mint bumper pay

Bonuses in FY22 ranged from 100 to 200% of annual pay

Google to give all employees additional bonus of $1,600 this year

The latest benefit is in addition to Google's work-from-home allowance and well-being bonus

Union Steel Minister announces bonus, wage revision for MOIL employees

Union Minister of Steel Ram Chandra Prasad Singh on Sunday announced a bonus of Rs 28,000 as well as wage revision for the employees of the state-owned Manganese Ore India Limited (MOIL). Singh was addressing a gathering at the inauguration 2nd Vertical Shaft, Chikla Mine and various other facilities of the company based at Nagpur in Maharashtra. He announced a production-linked bonus of Rs 28,000 for all the MOIL employees, which will be paid before the upcoming Diwali festival. The wage revision is for 10 years, with effect from August 1, 2018 to July 31, 2027, and will benefit around 5,800 employees of the company, it said in a release. It is based on an MoU arrived between the company's management and the MOIL Kamgar Sanghatan, a recognised union of its employees. The proposal includes fitment benefit of 20 per cent and perks /allowances at the rate of 20 per cent, the release said. An interim relief at 12 per cent of the basic and dearness allowance (DA) was given by the co

Government sanctions ad hoc bonus to employees for fiscal 2021

Employees who were in service as on March 31, 2021, and have rendered at least six months of continuous service during 2020-21 fiscal year would be eligible for this ad hoc bonus.

Cabinet approves bonus equal to 78 days' wage for 1.1 mn railway employees

An expenditure of nearly Rs 1,985 crore will be incurred on this.