Saturday, October 24
Multinationals in India, which follow the January to December performance cycle, are issuing flat to slightly lower salary increments for 2025 as companies grapple with global economic uncertainties.Those running Global Capability Centres (GCCs) in the country are paying out the highest increments, though it will still be marginally lower than last year, showed data shared exclusively with ET by Deloitte India.Average pay hikes will range about 8.8% across MNCs in India compared to actuals of 9% last year. Also, most of the around 100 companies surveyed have a slightly lower salary projection for the FY25 cycle, ranging at 0.1-1.1 percentage points less than FY24, based on the industry. “Pay increase projections are lower compared to FY24 and this is largely because businesses aren’t d
The primary market will see three new IPOs opening for subscription next week including two in the SME segment. Apart from these new issues, the Street will also witness 8 listings.Going forward, the IPO momentum for the rest of the year looks strong with 28 companies proposing to raise Rs 46,000 crore are presently holding Sebi approval and another 80 companies looking to raise about Rs 1,32,000 crore are awaiting the regulator's approval.Here's what to look forward to on IPO front next weekLaxmi Dental IPOThe initial public offering (IPO) of Mumbai-based dental products firm Laxmi Dental will open for public bidding on Monday, January 10. The company aims to raise Rs 698 crore through a combination of fresh equity issuance and an offer for sale (OFS), and its stock will get listed on bot
