Wistron violence: Govt probes wage delay charges : Bulletin: Business Today
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Wistron violence: Govt probes wage delay charges

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Rashi Bisaria | December 17, 2020

Wistron violence: Govt probes wage delay charges; iPhone shipments least impacted

Following the violence at Wistron's manufacturing facility in Narasapura four days ago, Karnataka's labour department had initiated a probe to verify the allegation of non-payments of wages to the workers. Sources told Business Today that while notices have been sent to several third-party contractors including Quess Corp, Adecco, Innov among others, a report to the state government is also expected to be submitted in the next 2-3 days.

COVID-19 impact: Infosys to prefer flexible 'hybrid' work model for employees

IT major Infosys on Wednesday said that it will prefer a flexible "hybrid" work model that will allow its employee work from different locations at different times. Starting next year, the company will allow its employees to work from home or office in view of uncertainty around the COVID-19 pandemic situation. Infosys CEO and MD Salil Parekh, at a virtual conference, said the company has built a flexible model to provide work from home but it is now time to start working on building "social capital".

India drops one spot to 131 in UN's 2020 human development index

India dropped one spot to 131 among 189 countries in the 2020 human development index, according to a report released by the United Nations Development Programme (UNDP). Human Development Index is the measure of a nation's health, education, and standards of living.

Making efforts to deregulate economy to attract global investments: Goyal

The government is making efforts to deregulate the economy with an aim to attract greater investments from across the world, Commerce and Industry Minister Piyush Goyal said on Wednesday. He said the government has opened up defence, manufacturing, mining, finance and capital market sectors.

Bitcoin crosses $20,000-mark for first time

Cryptocurrency Bitcoin on Wednesday broke through the $20,000-mark for the first since it started trading. This was following a sustained increase in value over the last few weeks. The leading virtual currency was launched back in 2009. Bitcoin reached an all-time high of $20,398.50 on Wednesday, however, it fell back to $20,145 later in the day. This was still an inter-day gain of nearly 4 per cent.

COVID-19 slows auto industry by 4 years; full recovery by 2024

The domestic automotive component industry that forms the backbone of India's $100 billion automobile industry, suffered a steep 35 per cent decline in turnover in the first half of 2020-21 as the pandemic piled on more misery on an industry that was anyway reeling under an unprecedented slowdown. The industry recorded a turnover of $15.9 billion during the period against $26.2 billion in 2019-20, which itself was lower than $29 billion in the same period of 2018-19.

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