Infosys cuts variable pay after weak first quarterly results

Asia’s second-largest software exporter Infosys has slashed quantum of variable payouts for employees after the Bengaluru-based firm posted results that fell short of expectations and was forced to trim its full-year revenue forecast. In a quarter that Infosys saw high attrition rates of about 21%, the company is handing out 75% of variable pay to employees, down from the 90% payouts […]

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Pune’s gold man Datta Phuge pounded to death in front of his son

Millionaire money-lender, Datta D Phuge, famous as ‘Pimpri Goldman’ was found clobbered to death near Dighi, police said. The high-profile businessman’s vehicle was accosted by some unknown persons on outskirts of Pune late on Thursday night. They reportedly dragged him out, attacked him with a sickle and then pounded him to death with huge stones in front of his son before fleeing from […]

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154 Indians evacuated from South Sudan return home

The first Indian Air Force flight C-17 carrying 156 people, who were evacuated from war-torn South Sudan’s capital city Juba, arrived here early on Friday. The evacuees also included two Nepali citizens, besides nine women and three children. The passengers from Kerala and some from Tamil Nadu disembarked after a brief halt here before leaving for Delhi. Minister of state for […]

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