Companies will ringfence talent through new approaches: Quess Corp executive chairman Ajit Issac
To further bolster the compensation game and retain top talent, firms will enhance their bespoke, holistic benefits offering models, to make the overall offering more lucrative. Companies are offering employees an unlimited leave policy to prioritise wellbeing and manage time during childrens board exams. With medical inflation between 12% and 13%, companies are continuously looking to upgrade corporate health insurance. Key Points
Economic TimesNABARD raises Rs 1,000 crore in country's first social impact bond
NABARD accepted bids worth 10.40 billion rupees ($124.9 million), the bankers said, declining to be identified as they are not authorised to speak to the media. NABARD had planned to raise at least 10 billion rupees via this issue, with a greenshoe option to retain an additional 20 billion rupees. The state-run company has set a coupon of 7.63% on this issue. Key Points
Economic TimesAirtel, Vi give 7-8% salary hikes, up to 110% bonuses as competition to retain talent heats up
Bharti Airtel and Vodafone Idea have given 7-8% increments and up to 110% in bonuses to employees for the fiscal 2023 cycle. However, the increments are lower than expected, with experts predicting average increments of 10-12%. While Vodafone Idea is incentivizing employees to retain talent and to replace those who exit, Reliance Jio is holding back increments and performance-linked incentives for the time being. The incentives for Jio employees meeting the required rating are predicted to be 100% with hikes of around 6%. Key Points
Economic TimesBanks to be given ample time to implement ECL model: Shaktikanta Das
The Reserve Bank of India's (RBI) monetary policy committee (MPC) on June 8 voted to keep benchmark repo rate unchanged at 6.50% and retain the focus on the 'withdrawal of accommodation' stance. Key Points
FinancialexpressMicrosoft to pay $20 million to resolve FTC kids’ privacy case
Microsoft required anyone using the Xbox Live service to register with a name, email address and age information. But even when the company was aware of users under age 13 it continued to collect and retain data in violation of a US kids’ online privacy law. Key Points
Financialexpress
Is this the end of binge-watching?
Streaming platforms in India are releasing new series in batches, with weeks or months between releases, rather than all at once for binge-watching. Proponents of the staggered approach say it helps build and maintain audience engagement over time for a show. Also, streaming platforms have adopted this strategy to retain subscribers and spread out expenses. Key Points
Economic Times