VESTING AGE
Indian parents getting US residency? 6 financial implications to consider before applying
Investments in bank accounts, mutual funds, shares and other assets will have to be reviewed and modified. It is illegal under India’s FEMA to hold resident bank and demat accounts after moving abroad on a permanent resident status. All such accounts must be converted to non-resident, and FATCA forms disclosing the residential status abroad should be filled up.
Microsoft buyout offer? What employees should know before saying yes
Working at Microsoft? Your inbox may hold an exit offer. Microsoft has offered voluntary buyouts to about 60,000 staff across four countries, nearly 27% of its workforce. Each offer differs by role, level and years of service. A former Microsoft HR head says it may not be your best offer, so read every term carefully before you decide.
Leaving Microsoft with a buyout? US employees have 3 main 401(k) options; what happens if they make one mistake that could trigger taxes?
The technology giant announced a new, time-limited Voluntary Exit offer for eligible employees in participation teams in the US, UK, Canada and India. It covers employees at level 70 and below, with eligibility depending on the employee's organisation and team. Microsoft said the offer provides financial support and career-planning resources to employees considering leaving the company.
Microsoft voluntary retirement scheme: What happens if employees say no to the exit offer?
Microsoft has announced a voluntary exit programme allowing approximately 60,000 employees to leave the company with support. The offer includes severance benefits based on length of service and internal level. Employees have until the first week of December 2026 to accept the programme. Microsoft clarified that this initiative does not replace potential layoffs in the future. The company aims to adjust its workforce as business conditions evolve.
EPS-95 pension row: Retirees challenge 2007 EPF amendment over lower pension; Karnataka HC rules against them
The Karnataka High Court ruled against retired employees challenging amendments to the Employees' Pension Scheme, 1995. The court found the government's power to amend the scheme was legitimate and did not violate vested rights. Retired employees argued that their pension entitlements were reduced by the 2007 amendments. The EPFO clarified that the amendments corrected existing anomalies and did not take away benefits.
Why Walmart would rather keep Flipkart private, for now
Over the past few weeks, much has been written about former employees of the online commerce company writing to Walmart's board, asking for liquidity on the stock options they were granted 10 to 15 years ago. On October 1, at least eight former senior executives, among them former Myntra CEO Mukesh Bansal and former chief business officer Ankit Nagori, wrote to Walmart chairman Gregory Penner, other board members and Flipkart Group CEO Kalyan Krishnamurthy, seeking a complete exit for all former employees holding vested options.
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‘France’s protests increased polarisation — and helped the far-right’
Recent protests in France erupted from student frustrations surrounding educational systems and inadequate school environments. As the movement evolved, it brought to light broader issues such as soaring living costs and employment stagnation. The troubling economic backdrop of national debt and inflation has intensified citizens' worries, particularly the younger generation's outlook on jobs and climate change. This upheaval threatens to deepen the political divide as it interrogates existing social policies.
Tryst with hyperpolitics: CJP won’t determine Gen Z’s political future, how opposition parties harness its energy will
The Cockroach Janta Party (CJP) reflects a shift towards hyperpolitics in India amid ongoing youth protests. As traditional political parties mobilise against the Election Commission, CJP remains an independent and amorphous entity without formal structure. This model captures fleeting moments of youth anger but lacks sustainability due to minimal institutional support. Observers note that CJP's successes are often propelled by established political parties' organizational efforts.
Curfews bring calm to Paris as France cracks down on weekend rioters
Paris returned to calm after a weekend marked by extensive rioting across various cities in France. Authorities implemented curfews to prevent further incidents and ensure public safety. Over 2,400 individuals were arrested during the protests against rising living costs and poor conditions. The National Assembly has initiated an inquiry into the violence and the police response to the riots.
LIC reveals details of its 3 new plans: Check benefits of New Jeevan Dhara-II, Health Shield and New Cancer Cover
Life Insurance Corporation of India is set to launch three new insurance products on October 19, 2026. These offerings, namely New Jeevan Dhara-II, Health Shield, and New Cancer Cover, have been designed to cater to various financial needs like retirement funds and health insurance. Customers will have easy access to these plans online via LIC's official portal, promising a boost in financial stability for families.
Girl Scout Sicilia earns Gold Award for project on reptiles, but goes viral for her goth look!
Sicilia, an 18-year-old Girl Scout from Sierra Nevada, has gained viral attention for her goth look. She received recognition for her Gold Award project dedicated to educating others about bearded dragon care. Sicilia created valuable resources to support reptile owners and conducted presentations for younger Girl Scouts. The project was inspired by her own pet bearded dragon, named Britney Spikes.
Rs 57 lakh remote job vs Rs 68 lakh Bengaluru offer: Techie asks if the difference is worth the travel from Madurai every week
A software engineer earning Rs 57 lakh at a fully remote startup is considering a Rs 68.2 lakh base-and-bonus offer from a public US SaaS company that requires two days a week in Bengaluru. The move could also mean spending around Rs 17 lakh to exercise existing startup options. His plan for weekly overnight train journeys between Madurai and Bengaluru has sparked varied reactions on Reddit.
Rs 57 lakh remote job vs Rs 68 lakh Bengaluru offer: Techie in Madurai plans 20-hour weekly train commute, asks if it’s worth it
A tech professional in Madurai is weighing a Rs 57 lakh fully remote job against a Rs 68 lakh Bengaluru offer. The new role offers a Staff Software Engineer position, public-company RSUs and higher monthly in-hand pay, but requires two office days weekly. He is considering a 20-hour weekly overnight train commute instead of relocating. Leaving his current startup could also mean spending Rs 17 lakh to exercise vested private options.
The winning: Brands and audiences are hungry for celebrities with distinct, dependable style
In the social-media era, personal style has become a valuable business asset for celebrities and influencers. Authentic, recognisable fashion identities can generate massive media value, attract brand partnerships and help luxury labels enter India’s market.
NPS risk labels: Will PFRDA’s new framework help subscribers make better choices
The unwieldy retirement scheme is becoming more organised through risk-based classification, standardised disclosures, uniform naming conventions, and consistent presentation.
Politicians are emerging as India's new breed of brand endorsers
In India, politicians play a prominent role in advertisements and public campaigns, often endorsing products and government initiatives. Their visibility surpasses that of celebrities and models, adding a sense of credibility to the products advertised. It's a strategic move where businesses can exchange endorsements for political backing, thereby enhancing their market reach and influence.
Revised NPS rules for subscribers: PFRDA classifies NPS schemes into five categories; how it will make scheme selection easier for you
NPS subscribers will experience significant changes in pension fund categorization and presentation. A new framework standardizes scheme selection, offering five broad categories for subscribers. Lifecycle schemes will be sub-categorized, while MSF schemes will have five distinct equity exposure levels. The pension body also mandates a new procedure for comparing charges, returns, and risk. This initiative aims to enhance subscriber decision-making regarding their pension investments.
APY pension calculator: How to get Rs 1,000-Rs 5,000 monthly pension under Atal Pension Yojana
The Atal Pension Yojana provides a secure future with guaranteed monthly pensions. Indian citizens aged 18 to 40 can enroll. Contributions ensure a pension of Rs 1,000 to Rs 5,000 from age 60. The scheme offers continued benefits to spouses and nominees in case of subscriber death. This government-backed initiative secures retirement for many.
Delhivery grants 1 lakh stock options to employees
Delhivery has granted over 1 lakh stock options to employees under its ESOP 2012, effective May 1. The options, exercisable at Re 1, will vest over four years, with a portion vesting after 12 months and the remainder over subsequent periods. This move aims to retain talent through equity participation and wealth creation.
Vested Finance launches 2 portfolio options for retailers, take total count to 5
The FINRA-registered US broker-dealer, via its affiliate VF Securities, has announced two additional pre-built Vests in partnership with Xumit Capital and Ethical Advisors, which will enable the retailers to invest in the same
LIC increases annuity rates of Jeevan Akshay VII, New Jeevan Shanti with effect from Feb 1
The modified version of these plans with revised annuity rates shall be available for sale from 1st Feb 2022. The annuity amount under both annuity options of New Jeevan Shanti can be calculated through calculator provided in LIC’s website as well as through various LIC Apps.
MoRTH proposes 40 kmph speed limit for motorcycles with child pillion passenger
The ministry in a draft notification has also proposed that the driver shall ensure that the child pillion passenger, aged between 9 months and 4 years, must wear a crash helmet.
Planning your return after retirement? A guide for NRIs looking to buy pension plans in India
Buying a pension plan, is a way to ensure a steady flow of income after retirement. A pension is essentially a fund where you invest a regular sum of money during your employment years and can draw payments from once you retire.
Venture Catalysts backs investment platform Vested
Vested enables Indian investors to invest in the US stock market.
No plan of tapping capital market at moment: Bajaj Allianz Life
"This plan also offers death benefit of higher of the total fund value or guaranteed death benefit of 105 per cent of the total premium paid."
BJP chose to part when we stood by it in its 'bure din': Aditya Thackeray
In a series of tweets, Aditya Thackeray, son of Sena chief Uddhav Thackeray, blamed "egos of vested" interests for the break-up of the 25-year-old alliance.
HDFC Life launches two traditional pension plans
HDFC Life today launched two traditional pension plans - Personal Pension Plus, and Guaranteed Pension Plan.
Sahara India Life launches Sahara Vatsalya Jeevan Bima
Sahara India Life Insurance launched Sahara Vatsalya Jeevan Bima, a traditional plan aimed to meet the education requirements of children.
Pension plans rise in insurance co portfolios
Can I lead a comfortable life after my retirement? That's a question an increasing number of people are asking themselves.
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