Friday, October 23
Despite India’s labour laws capping working hours at 48 per week, many employees, particularly in urban areas, often find themselves working overtime without adequate compensation. The discrepancy between these laws and real working conditions highlights the ongoing challenges of protecting workers' rights. This issue is compounded by outdated regulations, weak enforcement, and the growing influence of large corporations, which demand more from their employees. With India’s National Youth Day on January 12, a renewed conversation around workers' rights and the country's labour laws seems more important than ever.The Culture of Overwork: A Growing ConcernA survey conducted by global job platform Indeed found that 88% of Indian employees are contacted by their employers outside of regula
India has successfully carried out field evaluation trials of indigenously-developed third-generation anti-tank guided missile Nag Mk-2. The defence ministry said the trials were conducted recently at a firing range in Rajasthan's Pokhran in the presence of senior Army officers. "Field evaluation trials of indigenously-developed Nag Mk 2, the third-generation anti-tank fire-and-forget guided missile, were successfully conducted recently at Pokhran field range in the presence of senior officers of the Indian Army," it said. "During the three field trials, the missile systems destroyed precisely all the targets -- maximum and minimum range, thus validating its firing range," it said. The Nag missile carrier version-2 was also field-evaluated. "With this, the entire weapon system is now ready
Equity indices nursed losses for the third consecutive session on Friday, in lockstep with a weak trend in global equities as concerns over economic growth and quarterly earnings sapped risk appetite.Stocks that were in focus include names like KPIT Tech, which fell 4.8% and IndusInd Bank, which declined 4.2% and Just Dial, whose shares dropped 3.8% on Friday.Here's what Pravesh Gour, Senior Technical Analyst at Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today.IndusInd BankAs the market continues its downward trend, IndusInd Bank has emerged as one of the most underperforming stocks, declining nearly 30% over the past three months. The weak structure remains evident, with the nearest support level at 920 and a major support level a
The shares of Standard Glass Lining will debut on the exchanges on Monday. Ahead of the listing, the company's shares were trading with a GMP of Rs 50 in the grey market.Considering the upper price band of Rs 140, the stock is expected to list at a premium of 36% over the issue price.However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly.The IPO of Standard Glass Lining, which is a fresh equity sale worth Rs 210 crore and an offer for sale (OFS) of Rs 200 crore, received overwhelming response from investors with an overall subscription of 185 times at close.Standard Glass Lining Technology (SGLT) is one of India’s top five specialized engineering equipment manu
