Daimler set to slash jobs to save 1 billion euros
“By the end of 2022, Mercedes-Benz Cars plans to save more than 1 billion euros in personnel costs. To this end, jobs are to be reduced,” the company said in a statement. Daimler, which employs around 304,000 people worldwide, did not specify how many jobs would be slashed overall but said 10% of management positions would be affected.
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Gold is third most consistently bought investment globally: WGC
Millennials’ attitudes towards gold are not so different to those of older generations.
Sensex ekes out small gains, financials save the day
The top eight contributors to Sensex’s gains were financial stocks.
Better-run banks will get bigger share of deposits
But now, banks penalise a deposit holder for walking into the branch.
Kashmiri youth turn up in huge numbers to join forces
Watch: Thousands of Kashmiri youth have lined up to join the Forces and serve the countryKashmiri youth turn up in huge numbers to join forc...
Income Tax task force report suggests complete rejig of tax slabs, saving govt Rs 55,000 crore
The current Income Tax rates are 5 per cent plus 4 per cent cess for people earning between Rs 2.5 lakh and Rs 5 lakh, 20 per cent plus 4 per cent cess for incomes of more than Rs 5 lakh up to Rs 10 lakh, and 30 per cent plus 4 per cent cess for those earning over Rs 10 lakh.
Where should I invest Rs 30 lakh to generate monthly income of Rs 20,000?
You should split the Rs 30 lakh between a mix of government-backed schemes, mutual funds and corporate fixed deposits. Park Rs 4.5 lakh in a Post Office Monthly Income Scheme. This will earn you a 7.6 percent interest per annum, payable monthly.
How can I avail tax break on interest income earned on RD, monthly income schemes and NSC?
Under Section 80TTA, you can claim a deduction of up to Rs 10,000 on savings bank/post office deposits. Interest earned on post office RD and NSC is eligible for exemption under Section 80C within the overall limit of Rs 1.5 lakh in the years.
Italy presses steelmaker to agree deal on plant, save jobs
The French-Indian steelmaker balked at continuing to operate the steel plant after the Italian government recently removed immunity from prosecution in case of environmental damage. But the company's Italian CEO also cited various legal challenges and other difficulties it claims thwarts production goals set out in the deal with Italy.
Infosys to hire more freshers, targets $150 million in cost savings
Analysts said the cost optimisation plan was a routine move aimed at reducing wage costs by hiring more freshers. The company’s margins have dropped significantly under CEO Salil Parekh, as it boosted investments to drive growth. The company is, however, now looking at greater cost savings, since a major chunk of its investments has been completed.
How should I invest my monthly surplus savings?
You can put some amount in Fixed Deposits and some amount in equity as well as in debt-oriented mutual funds. Buy an individual health cover with a sum assured of at least Rs 5 lakh.
Can laid off employees save tax on their severance pay?
According to the provisions of Rule 21A(1)(c), an individual will be eligible to claim relief under Section 89 in respect of compensation received by him in connection with the termination of his employment.
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