The information technology (IT) sector has the highest median wage in the Indian economy at Rs 341.8 an hour. The lowest median wage is found in the education and research sector at Rs 186.5 an hour, 45 per cent less than that of IT.

These are the findings of Monster Salary Index, a joint initiative of Monster India and Paycheck.in, with Indian Institute of Management-Ahmedabad as a research partner.

While India found no mention in U.S. President Barack Obama’s annual State of the Union (SOTU) address, certain policy proposals that he made to both houses of Congress on Tuesday evening, including increased trade authority and a tax clampdown on businesses, could have a ripple effect on economic ties with economic partner-nations.

On the subject of international trade deals, which in all likelihood concerned the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership, Mr. Obama said that although past trade deals had not lived up to the “hype,” this is the reason Washington had “gone after countries that break the rules at our expense.”

Tata Consultancy Services, the country’s largest information technology services provider, has revoked a dismissal letter issued to a female employee and so informed the Madras High Court.

Last week, the HC had issued an interim injunction to restrain TCS from implementing the order for four weeks.

After a three-year wait, the country’s two largest homegrown automobile makers, Tata Motors and Mahindra & Mahindra (M&M), await the Indian Army’s announcement on new sports utility vehicles (SUVs). The choice is between the Tata Safari Storme and the Mahindra Scorpio.

The army, is expected to announce an initial order of about Rs 500 crore for almost 5,000 vehicles in the next few weeks, Business Standard has learnt from industry sources. In all, the order is likely to be worth Rs 3,000 crore for 30,000 SUVs over a 10-year period.

Shares of Housing Development and Finance Corporation (HDFC) is continued their its upward march on the bourses, with the market value of the country's largest mortgage financier company crossing the Rs two lakh crore mark today.

HDFC scrip gained 2.6% to Rs 1,284 on BSE, taking its market value to Rs 2,01,726 crore at 1041 hours, the BSE data shows.

Mumbai: It started innocuously, on 11 December, at a Tata Consultancy Services Ltd (TCS) press conference in Bengaluru, an annual event to announce the number of new employees TCS would be hiring.

The moment Ajoy Mukherjee, executive vice-president and global head (human resources) at TCS, mentioned the words ‘restructuring’ and ‘layoffs’, the focus shifted. Mukherjee’s other statements, although reported, didn’t. Statements such as these: This is a year-long process. It happens every year. This is for senior and mid-level executives who the company believes are non-performers.

ICICI Bank, India’s largest private sector bank, on Monday announced the launch of banking services on Twitter, the first of its kind service, in India.

Christened, ‘icicibankpay’, enables ICICI Bank customers to transfer money to anyone in the country who has a Twitter account, check account balance, view last three transactions and recharge prepaid mobile “in a completely secure manner”.

With the Modi government opting for ordinances eight times in as many months, President Pranab Mukherjee cautioned against the “ordinance route” being taken for normal legislations.

Ordinances are meant for specific purpose “to meet an extraordinary situation under extraordinary circumstances”, the President said citing the Constitution.

The National Highway Authority of India (NHAI) will soon prepare a detailed project report (DPR) for the capital region ring road project, estimated to be costing around Rs 900 crore, said a senior official of the Union government.

The Odisha government has agreed to bear the cost of land acquisition for the project. We have approved the project proposal and have asked NHAI to prepare a DPR for it.

The Vishva Hindu Parishad (VHP), an affiliate of the Rashtriya Swayamsevak Sangh (RSS), on Monday said the two-child norm should be strictly implemented on all communities or else, Hindu women should each have three to four children.

VHP joint general secretary Surendra Jain defended comments by a seer that each Hindu family should have 10 children. It said Vasudevananda Saraswati had made his remarks in the context of correcting the demographic imbalance being created in the country.

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