PNB MetLife announces Rs 930 cr benefitting 5.82 lakh customers

Mumbai: PNB MetLife has announced a bonus of Rs 930 crore for eligible participating policyholders, benefiting 5.82 lakh customers.

HDFC Life Insurance declares record bonus of Rs 3,722 cr to policyholders

Mumbai: HDFC Life Insurance on Wednesday declared its highest-ever bonus of Rs 3,722 crore on participating plans to nearly 22.23 lakh policyholders.

TCS links variable pay to office attendance

Bengaluru: Tata Consultancy Services (TCS) has recently implemented a policy that ties a portion of employees' variable pay (bonus) to their office attendance, media reports said.

Bajaj Allianz Life to disburse Rs 1,201 cr as bonus for FY23 to participating policyholders

Bajaj Allianz Life has declared a bonus of Rs 1,201 crores for its participating policyholders, which includes a regular reversionary bonus of Rs. 872 crores and a Terminal & Cash bonus of Rs. 329 crores.

China: iPhone supplier Foxconn boosts pay in biggest production plant

Beijing/IBNS: Apple supplier Foxconn said it has quadrupled daily bonuses at a major iPhone production plant after a breakout by workers during a Covid lockdown.

Cabinet approves Productivity Linked Bonus to railway employees for the FY 2020-21

New Delhi/IBNS: The Union Cabinet Wednesday approved the Productivity Linked Bonus (PLB) equivalent to 78 days' wages for the financial year 2020-21 for all eligible non-gazetted Railway employees (excluding RPF/RPSF personnel).

Cabinet approves productivity linked bonus and non-productivity linked bonus for 2019-2020

New Delhi: The Union Cabinet chaired by the Prime Minister Narendra Modi, has given its approval to pay Productivity Linked Bonus (PLB)for the year 2019-2020 to 16.97 lakh non-gazetted employees of commercial establishments like Railways, Posts, Defence, EPFO,ESIC,etc.will be benefitted and the financial implication would be Rs.2,791 crore.