The state government said due to the tireless efforts of skilled workers producing world-class products, and fulfilling the government’s visionary schemes, Tamil Nadu is emerging as India’s leading manufacturing hub and is on track to becoming a $ 1 trillion economy by 2030.
Reliance Industries Limited (RIL) has approved a 1:1 bonus share issue, its first in seven years. Shareholders will receive one bonus share for each share held, with the record date to be announced separately.
The same stood at Rs Rs 5.91 crore as against Rs 1.69 crore reported in the corresponding quarter a year ago.
The textile industry, a significant employment generator in India, is receiving government support through measures like the production-linked incentive (PLI) scheme.
The increasing demand for eco-friendly packaging solutions has further driven the growth of the MSME sector and the industry as a whole.
As per the SEBI directives, the bonus issuing company has to fix a record date when investors must own shares in order to be eligible to participate in corporate event. This is called record date.
Bonus shares are additional shares that listed companies issue to existing shareholders at no cost. The exercise is done under the guidelines of the SEBI. It increases liquidity and encouraged retail participation.
Railway Bonus:The maximum amount payable per eligible railway employee is Rs 17,951 for 78 days.
Railway employees bonus: About 11.27 lakh non-gazetted Railway employees are likely to benefit from the decision. This payment will be made before the Dussehra holidays, said the Ministry of Railways.
The headline on the offer is, Amazon founder Bezos said, “Please Don’t Take This Offer.”
Britannia Industries on Thursday said its board has approved a proposal to raise Rs 698.51 crore by issuing bonus debentures to eligible equity shareholders.
Bank of America is rewarding its over 1.7 lakh staff worldwide, including over 24,000 in India, with a cash award of USD 750 each to those earning under USD 1 lakh in annual compensation for the appreciation of their work through the pandemic.
Amazon India on Monday said it will offer a "special recognition bonus" to its employees in the country. The decision comes in line with similar payouts being made to staff in other countries.
Maharashtra energy minister Nitin Raut on Friday announced a bonus for around one lakh employees of state-run power companies who had threatened to go on strike during Diwali.
For the first time in 10 years, the Japanese government has decided to cut bonuses for its employees in fiscal 2020. The decision has been taken to narrow the gap with that of companies impacted by the COVID-19 pandemic.
Uttar Pradesh Chief Minister Yogi Adityanath has announced a Diwali bonus for 14.82 lakh government employees in the state, an official said on Thursday.
The firm is also offering an advance 30 per cent of the variable pay from the next year's salary to its lakh-plus employees as a goodwill gesture for working during the pandemic, two persons familiar with the matter said.
The Centre announced bonus pertaining to year 2019-2020 which will benefit 30 lakh non-gazetted employees. The total financial implication of this will be Rs 3,737 crore. The bonus will be given in a single installment, through Direct Benefit Transfer, before Vijayadashami.
A US-based real estate developer surprised its employees with a total of $10 million (over ₹70 crore) bonus. St. John Properties' Founder and Chairman Edward St. John surprised its 198 employees with a total of $10 million holiday bonus at a recent holiday party.
The Union Cabinet on Wednesday gave approval to ban e-cigarettes in India. The production, manufacturing, import/export, transport, sale, distribution, storage and advertising related to e-cigarettes hereby stands banned.
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