Amazon India chief Amit Agarwal has responded to the ongoing controversy over the news organisation Reuters’ story that alleged that the e-commerce giant dodged Indian regulators in circumventing local laws on foreign direct investment (FDI) in e-commerce. Read more
Under the Production Linked Incentive (PLI) scheme, companies will enjoy a 4-6 per cent incentive annually across five years on their production value in India, provided they make incremental investments. Some leading telecom equipment manufacturers might be interested in the scheme announced on Wednesday, including Nokia and Ericsson, Taiwanese electronics manufacturing service companies Flex (earlier named Flextronics) and Foxconn, Jabil Inc, Cisco, Ciena, and Samsung which is a telecom vendor to Reliance Jio. Read more
HCL had announced a one-time special bonus of $90 million earlier this month to employees around the world as it crossed the $10-billion revenue mark. Other IT majors like TCS, Infosys, and Wipro have also rolled out salary hikes across levels. Read more
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