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News digest: Hiring back on track, merger of banks, Infosys case, and more

The buoyancy in salary and wages is, however, muted compared to other cost heads and overall growth in these companies' top line

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1. Corporate salary bill hints at hiring uptick after a lull of nearly 3 years 

After a lull of nearly three years, corporate India seems to be back on a hiring spree. The combined salary and wages bill for listed companies was up 12.6 per cent year-on-year (YoY) during the April-June quarter, growing at the fastest pace in nearly four years. In comparison, the salary bill was up 8.7 per cent last financial year, and 10 per cent in 2016-17.

The buoyancy in salary and wages is, however, muted compared to other cost heads and overall growth in these companies’ top line.

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