BENGALURU: Wipro has reduced the variable component in the overall compensation of junior and mid-level employees effective June. Following a path Infosys set two years ago, India's third-largest IT services company has reduced the quarterly performance linked compensation (QPLC) and increased the fixed component to bring more predictability and consistency to compensation.

SBI Life Insurance has introduced ‘Connect Life’, a tablet-based service which gives choice to the customer while purchasing a policy in simple and effective steps.

It is adopting digitization of the entire process beginning with built in need analysis calculator that offers a customer the right products to choose from, filling the proposal form with a facility of paying premium and uploading necessary documents from the tablet.

Capital markets regulator Sebi has sought clarification from fashion and apparels brand Numero Uno regarding its proposed initial public offer (IPO).

Without disclosing the details of clarifications sought, Sebi has said that it is awaiting response from the Lead Manager for the proposed public offer of Numero Uno Clothing Ltd.

Mumbai, June 8: HDFC - the country's largest housing finance company - today said it was planning to raise Rs 5,000 crore via secured redeemable non-convertible debentures (NCDs) and warrants.

HDFC will seek shareholder approval for the issue at the annual general meeting on July 28.

New Delhi: Delhi law minister Jitender Singh Tomar was on Tuesday arrested in the alleged fake degree case.

Police arrested the Aam Aadmi Party (AAP) leader from his residence on Tuesday morning and took him to Hauz Khas police station for further questioning. Police sources said he has been arrested in the alleged fake degree case.

IRCTC has joined hands with SpiceJet and GoAir to enable wait listed travellers to cancel the train ticket and book a flight on either airline by paying some incremental fee.

As per sources concerned with the deal, the tie-up happened over a month ago. It is also speculated that IRCTC would be tying up with other private airlines in the future.

Apple at WWDC (Worldwide Developers Conference) event announced its all new music streaming service, offering a combination of music streaming, downloads and internet radio.

The music service will be launched on June 30th and it offers its users with a catalog of on-demand tracks for a monthly subscription price of $9.99. A family pass with six users will cost $14.99.The company is also providing a three month free trial of the service for its users, before they make a choice of purchasing it. It also features curated playlists and special collections curated by top artists, as the company reports in their official blog post.

L&T Kattupalli Port has begun export of trucks and cars with the maiden call of car carrier, M.V. Gardenia Ace on Monday.

With this, L&T Kattupalli Port has become the third port in Chennai to handle Roll-on Roll-off (RoRo) vessel for shipping cars, trucks, tractors and earth movers. The other two ports — Chennai Port Trust and Kamarajar Port Ltd. — are already handling truck and car shipments.

A city-bound Air India flight was grounded at Mumbai airport today by the aviation regulator Directorate General of Civil Aviation (DGCA) after it found that the crucial engineering documents relating to the plane were not updated.

This forced Air India to replace the aircraft, leading to a delayed departure of the city-bound flight from Mumbai via Aurangabad, sources said.

NEW DELHI: ITC Limited, one of India's leading multi-business conglomerate, has on the eve of the World Environment Day announced a rapid scale-up of its highly acclaimed Integrated Watershed Development Programme. The programme has already brought soil and moisture conservation to half a million acres in the country. The company targets to double the area to nearly 1 million acres by 2018.

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