Infosys, Turkey coup, Nice horror: Big stories this week

THE ECONOMIC TIMES Sat, Jul 16, 2016 | 03:43 PM IST Weekly Platter Newsletter

Infosys employees will get less in variable pay. Here's why  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% in March. readmore Turkey military coup: What happened in Turkey in the last 12 hours Sixty people were killed in the Turkish capital Ankara during an attempted coup that started on Friday night, a senior Turkish official said. Ajit Isaac, the man behind Quess Corp's blockbuster listing From being an HR man to promoter of businesses ranging from managing payrolls to erecting telecom towers to running an IT co, Isaac's range has been vast.

Editor's Pick Meet Hiren Patel, the man behind Nirma's rebirth It out smarted bigger rivals and savvier deal-makers like Ajay Piramal and Sajjan Jindal's JSW Cement to bag Lafarge Cement for $1.4 billion. Automation can create jobs if you are willing to learn 10 categories of professionals including cashiers, drivers, factory workers and journalists will be wiped out. Teachers will become bots. Merging Flipkart, Snapdeal best way to beat Amazon The two e-comm firms are burning through cash & it doesn't look like flames of competition are going to die down while they're being fanned by Amazon. Why India is not creating enough jobs despite high growth The causes for jobs slowdown are many: inflexible labour laws that make firing difficult ensure that employers prefer more automation.

Most Popular This Week Truck attacker kills 84 during Bastille Day celebrations in France's Nice South China Sea verdict: Angry China warns against 'cradle of war' in sea Political parties should not drag corporates into their politics: Gautam Adani Has 7th Pay Commission narrowed gap between govt & pvt sector salaries? Vishal Sikka's top man for AI puts in his papers

Story of The Week D Subbarao breaks silence over testy relationships with past FMs in memoir Both Pranab and Chidambaram pressed for rate cuts to revive investments even though accelerating inflation called for the opposite, Subbarao writes. read more

Money No form 16 yet? You can still file your income tax returns With the tax-filing deadline closing in and no sign of Form 16 yet, it is best to gather all your documents, calculate your liability and file returns. All set to declare undisclosed income? Must follow these rules A tax payer will get immunity under the scheme only in respect of unaccounted assets declared and not on the tax amount, which adds up to 45 %.

Stock Round Up Shankar Sharma says too much FDI in some sectors is a mistake Sharma says former prime minister Jawaharlal Nehru's policy to emphasize on domestic ownership of foreign entities was a masterstroke.

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