Photo: Analytics India Magazine
Infosys Employees To Receive Lower Remuneration For June Quarter
India's second biggest information technology services provider Infosys has allegedly reduced the average variable compensation of employees due to the impact on margins and high staff costs. Infosys has reduced around 70% of the variable payment for the June quarter or Q1 FY23. Each employee's real variable payment will be determined by the regulations of their unit or… read-more
Tags: Infosys, employees, salary cut, June quarter, Quarter 1
Courtesy: DNA INDIA
Photo: Business Today
Indian Economy Registers Growth Rate Of 20.1% In Q1 Of 2021
The GDP data for April-June 2021 released by the National Statistical Office on August 31 revealed that the Indian economy reported a growth of 20.1% compared with the last quarter of 2020. The data shows that the 'Agriculture and electricity sectors registered a growth rate of 8.21% and 3%, respectively. However, economists say the growth was reported because of a lower base as last year GDP contracted 24.4% in Q1.
Tags: GDP, national statistical office, Quarter 1, Indian Economy
Courtesy: The Indian Express
