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The Latest Breaking News from MNC

Will Rs 32 lakh EPF corpus withdrawal be tax-free? Are there better options than withdrawing?

ET Wealth Reader's Query: I contributed to EPF until 2021 while working at an MNC. Since moving to a startup in 2022 that doesn’t offer PF, my EPF account has been inactive. The corpus is about Rs 32 lakh, and I’m considering withdrawing and reinvesting it. Will the withdrawal be…

The Economic Times

Software Engineer Regrets Leaving MNC for ₹27 LPA Startup Job, Says “I Hate It Here”

A software engineer who left a comfortable position at a multinational corporation (MNC) for a promising startup opportunity has shared his regrets online, sparking widespread discussion among tech professionals.

Whats Hot

‘No lunch or coffee breaks’: Techie claims MNC tracks employees minute by minute, sparks debate online

A software professional's Reddit post detailing minute-to-minute work hour tracking at a multinational corporation has ignited online debate. Employees reportedly must log 8.15 hours daily with continuous software monitoring, leaving no room for breaks. Critics fear this approach could harm employee retention and work quality, advocating for performance-based evaluations over…

The Economic Times

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'Foreign MNC behaving like lala company': Techie claims every minute is tracked, employees left glued to screens, no lunch and coffee breaks

A foreign multinational company faces backlash over claims of minute-by-minute employee work hour tracking. Employees report being mandated to work 8.15 hours with no breaks, facing scrutiny for any inactivity. This strict monitoring has ignited a debate about workplace pressure, burnout, and the erosion of flexibility in modern corporate culture.

The Economic Times

Tax vs Customs: Why MNCs face a growing valuation and compliance battle

MNCs face rising conflict between tax and customs rules on related-party pricing, as India’s tighter digital scrutiny raises compliance risks, litigation and valuation disputes.

The Economic Times

Doing business in conflict zones: what companies can learn from Lafarge’s exit from Syria

The world experienced over 60 armed conflicts in 2024, a “historically high” number according to scholars in the Department of Peace and Conflict Research at Uppsala University. Consequently, the risks faced by multinational companies (MNCs) operating in conflict-torn regions, especially the Middle East and North Africa, have significantly intensified. Israel’s…

The Conversation

Miles to go before we sleep: The long road to leadership for LGBTQIA+ professionals

In the mid-20th century, India saw a great influx of women into the workforce in the white-collared jobs of the public sector, challenging societal norms. By breaking glass ceilings in male-dominated offices, these women transcended the traditional identities to establish themselves as individuals; in turn allowing future generations of women…

Newslaundry

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Indonesia halts development of ‘Trump Community’ on tourist island

President Joko Widodo gave the plans special economic zone status, including tax breaks and leniency on permits

The Independent UK

Why younger workers are disengaged at work

Prithi, 27, is a graphic designer in an MNC in Bengaluru, and she spends her work hours doing a basic minimum of what is expected of her and the rest of the time she is searching for a new job. She has little or no interest in her current role…

The Times of India

‘One hell of a storm is coming’: Canadian graphic novel about Indigenous identity sparks outrage

Book prompts conflict over claims of Métis identity in eastern Canada where group doesn’t have a homeland or deep historic ties

The Guardian - US

Now, GST probe into big corporates, major MNCs needs a ‘written approval’

Central GST officials to seek a prior written nod of zonal Chief Commissioners before initiating any investigation into big industrial houses and major MNCs, as well as “sensitive matters or matters with national implications”

The Hindu

Rewind 2023: A year of many reversals and exam reforms in education sector

New Congress-led government in Karnataka scraps NEP-2020, forms committees to revise school textbooks & exams, and provides additional meals to students.

The Hindu

MBA placements affected as companies make fewer offers on campuses

Owing to the ongoing economic situation and a dearth of new projects at MNC companies, many MBA students have not been placed in any company so far in Bengaluru.

The Hindu

Workshop highlights need for early interventions for children with learning difficulties

MNC's 17th national workshop focuses on 'Early Intervention with Parental Involvement' to create public awareness about needs of children with disabilities. N. Kumar, president of Bala Mandir Kamaraj Trust, highlighted the importance of this workshop in the changed environment. Maya Gaitonde, general secretary of Bala Mandir Kamaraj Trust, discussed the…

The Hindu

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Fortune

Gen Z intern shocks recruiter with list of demands including working no more than 5 hours, a start-up culture and an above average salary

The cost of work-life balance shouldn't be the working day, career experts told Fortune.

The Hindu

Are women paying the price as work shifts back to office space?

Mandatory return-to-work policies coming into place are causing worry not just for working women, many of who feel they may have to quit or change jobs, creating some instability in their professional, economic, and family lives.

The Hindu

Students in tier 2 and tier 3 engineering colleges struggle for placements

While students at top engineering colleges in the city often bag plump packages after their graduation, students in tier 2 and tier 3 colleges are finding it difficult to secure decent placements this year amid recession, and layoffs at MNC companies. Apart from that, students in from branches other than…

Reuters

Indonesia firm launches tourism complex with Trump operating hotel, golf course

(Corrects headline to make clear firm is not a partner of Trump)

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The Times of India

3 MNC executives killed as truck lands on MUV near Gurugram

GURUGRAM: Three executives of a multinational software company and their driver died in an accident on the Delhi-Jaipur highway in the early hours of Tuesday after a truck moving at high speed jumped the divider and landed on their Innova. Two others in the MUV were injured.

The Times of India

Techie found dead in Noida hotel, her family alleges foul play

NOIDA: The body of a 26-year-old IT professional was found inside a hotel room in Noida in a suspected case of suicide, police officials said on Wednesday. The woman, who lived in Ghaziabad and worked for a leading MNC in Noida, had checked into the hotel in the Phase 3…

The Times of India

Uttarakhand: Daughter of anganwadi worker bags MNC job after engineering degree

DEHRADUN: In times of salary cuts and loss of job opportunities due to the Covid pandemic, the Rs 21-lakh annual pay package offered to Uttarakhand girl Priyanka Bhatt certainly bucks the trend.

The Times of India

Swedish firm plans centre of excellence in Trichy city

TRICHY: Modelon, a Swedish engineering modelling and simulation software service provider, has expanded its office space in Trichy and is set to hire more engineering graduates and techies even from local institutions.

Benzinga

Here's How Sify Technologies Fared In Q4

Sify Technologies Ltd (NASDAQ:SIFY) reported a fourth-quarter FY22 revenue decline of 0.8% year-on-year to INR6.81 billion. The costs rose 1.6% Y/Y to INR4.1 billion. Profit after tax for the quarter decreased 64% Y/Y to INR325 million. EBITDA improved 5.6% to INR1.54 billion. The company's FY21-22 revenue grew 11% Y/Y to INR27.03 billion. Revenue…

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