Topic
employees
Finance SBI Funds Management Listing Makes Employees Crorepatis; Stock Debuts at 7% Premium to IPO Price
SBI Funds Management shares listed at a 6.27% premium on the BSE and at Rs 613.30 on the NSE, with 13 employees holding equity stakes valued at over Rs 1 crore each at the IPO price. Deputy MD Devinder Pal Singh's vested shares alone are worth Rs 121 crore. The IPO was subscribed 42 times, driven by strong institutional demand.
Business 2026 FIFA World Cup Could Trigger $17 Billion Productivity Loss Worldwide, UKG Survey Finds
According to a UKG survey of 8,000 employees across eight countries, the 2026 FIFA World Cup could result in at least $17 billion in lost productivity globally, with the United States accounting for $11.7 billion. Key findings include 37% of employees adjusting work schedules, 27% missing work, and significant presenteeism. Office attendance dropped 26% in the US on the day after the national team's loss, according to Envoy.
Business India Notifies Employees' Provident Funds Scheme 2026: Key Changes in Contributions, Withdrawals, and Compliance
The Ministry of Labour and Employment has notified the Employees' Provident Funds Scheme, 2026, replacing the 1952 framework. The revised scheme introduces simplified partial withdrawals, mandatory Aadhaar/PAN details, and enhanced compliance requirements while retaining the 12% contribution rate for employers and employees.
Business New EPFO Portal: Faster Claims, Smarter Processing & More — What Changes for Employees
The Employees' Provident Fund Organisation (EPFO) completed migration to a centralised database, introducing automated claims pre-validation, a unified member dashboard, and faster interest crediting. The new system raises the auto-settlement limit to Rs 5 lakh and enables automatic PF transfers on job change, aiming to reduce claim rejections and improve processing efficiency.
Technology TCS Will Have as Many AI Agents as Employees, Says Chairman Chandrasekaran
Tata Consultancy Services chairman N Chandrasekaran announced at the company's 31st AGM that AI agents will eventually match the number of human employees, marking a structural shift in IT hiring. He identified five growth areas including AI deployment in warehouses and supply chains. Separately, Paytm plans to hire 4,000 employees while trimming 1% of its workforce.
Technology Meta Employees Revolt Against Zuckerberg's Companywide AI Hackathon Plan
Mark Zuckerberg announced a companywide AI hackathon for July, but employees responded with anger and disbelief, citing layoffs, increased workload, and low morale. Internal messages seen by WIRED show many feel they lack time and incentive to participate. Meta declined to comment.