Meet Satish Malhotra; CEO Who Reduced His Salary To Make Way For Employees
Satish Malhotra, who is the CEO of American specialty retail chain company The Container Store, has voluntarily reduced his own salary, by 10% to help offset costs and help with salary hikes for other employees at the company. Notably, Satish has been the company's CEO since February 1, 2021. He previously worked at the world-renowned cosmetics chain Sephora for 20 years, and took the decision to ensure employee's hike.
Tags: Satish Malhotra, CEO, Hike, salary, employees
Courtesy: India Times
Registration Renewal Fees For 15-Year-Old Vehicles Increase By 8 Times
As per the Ministry of Road Transport and Highways, Vehicle owners will have to shell out eight times more fees for the renewal of more than 15-year-old cars, from April 1, 2022. However, the new rules won't be applicable for vehicles registered in Delhi. Notably, renewing the 15-year-old car will cost Rs 5,000 while for two-wheelers, it is Rs 300 and imported cars would be for Rs 40,000.
Tags: National, Hike, registration renewal fees, Ministry of Road Transport and Highways, Vehicles
Courtesy: Zee News
Petrol Price Hiked In Delhi & Other Metro Cities; Details Here
The National Capital witnessed a hike of 80 paise per litre in diesel prices, on March 22. In addition, petrol will now cost Rs 96.21 per litre as against Rs 95.41 previously while diesel is Rs 87.47. Indian oil companies didn't hike prices since November. Furthermore, Petrol & diesel prices per litre- Rs 110.82 & Rs 95.00 in Mumbai; Rs 105.51 & Rs 90.62 in Kolkata.
Tags: business, National, Petrol, Price, Hike
Courtesy: Zee News
Salary Hike Of Up To Rs 8000 For Selected Govt Employees, Details Here
In a major update related to the 7th Pay Commission, the central government has decided to increase the risk allowance of defense civilian employees before Holi 2022. In addition, the salary of eligible employees will increase anywhere from Rs 1,000 to 8,000. risk Notably, the allowance is provided to defense civilian employees who are employed in risk-induced duties such as unskilled workers, semi-skilled workers, and so on.
Tags: business, salary, Workers, Hike
Courtesy: Zee News
Prices Of 19 Kg & 5 Kg Commercial LPG Cylinders Hiked In Delhi; Check Details Here
The national oil marketing companies have increased the price of commercial 19 kg LPG cylinders by Rs 105 in Delhi, as per reports. In addition, a 19 kg commercial cylinder will cost Rs 2,012 in Delhi from March 1. Moreover, the price of 5 kg cylinders also saw a hike of Rs 27, taking the total cost to Rs 569. There is no increase in rates of domestic LPG cylinders.
Tags: India, LPG Price, Hike, Delhi, business
Courtesy: The Economic Times
Louis Vuitton To Increase Price Tags Globally On Leather, Perfumes & Accessories
Luxury fashion house Louis Vuitton has announced that the brand will be increasing its prices soon. In addition, the prices would rise due to an increase in manufacturing and transportation costs. While there is no news about the scale of the increase in prices, the hike will be made taking into account everything from production costs to raw materials. Notably, The brand would hike its prices up to 18%.
Tags: Fashion & Lifestyle, Louis Vuitton, Hike, price tag, Inflation
Courtesy: Business Of Fashion
UP Govt Increases DA For Staff To 31% From 28%
Ahead of Christmas, the Uttar Pradesh government announced a hike in the dearness allowance (DA) for its employees on December 15. The government employees will now receive 31 per cent DA instead of 28 per cent, informed Chief Minister's Office (CMO) in a tweet. Reportedly, the decision comes into effect from July 2021.
Tags: DA, UP government, CMO, Hike, Government Employees
Courtesy: ANI
Amazon Set To Hike Prices For Prime Membership Plans
Amazon is set to increase the prices for its all plan of Prime membership from December 14. After the hike, the annual plan will cost Rs 1,499 instead of Rs 999, and the 3-month plan will come at Rs 459 against Rs 329. The monthly plan will be hiked to Rs 179 from Rs 129. However, the company said the old plan will continue till December 13, at 11:59 PM.
Tags: Amazon prime memebership, Hike, Amazon, Prime Videos, Amazon Delivery
Courtesy: Zee News
Petrol & Diesel Prices Hiked By 35 Paise; Mumbai Tops The Chart
State-owned fuel companies have again increased the prices for petrol and diesel by 35 paise per litre in India on October 20. Following the hike, one litre petrol and diesel cost Rs 106.19 and 94.92 in Delhi. While Mumbaikars will pay Rs 112.11 a litre on petrol and Rs 102.89 a litre on diesel. Besides, In Kolkata and Chennai, petrol is priced at Rs 106.78 and 103.31 a litre.
Tags: Hike, Petrol, Diesel, Fuel
Courtesy: Zee News
Showing Recovery Signs, IT Giants Give Second Increment To Employees
Showing signs of recovery, several IT Companies including Accenture, Infosys, WIPRO and Tech Mahindra have given a second increment and promotion within a month. Reportedly, the move came after business picked up in the second half of 2021. While the last year’s increment were deferred due to pandemic-led dip in the market, the companies are paying out loud amid intense talent competition ushered by business recovery.
Tags: IT Company, Wipro, Infosys, Hike, employees
Courtesy: Times of India