Kerala gratuity order to cause irreparable loss: HDFC Bank
Mint Mumbai|May 01, 2023
India’s largest private lender HDFC Bank Ltd has told a labour appellate authority in Kerala that a recent order to pay higher gratuity to a former employee would cause “irreparable loss, harm and damages" that cannot be quantified.
Shayan Ghosh
Kerala gratuity order to cause irreparable loss: HDFC Bank
 

HDFC Bank’s appeal is against an order by Aneish Ravindra, assistant labour commissioner, Ernakulam, acting as the controlling authority under the Payment of Gratuity Act, 1972.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM MINT MUMBAIView all
Mint Mumbai

WILL INDIAN HOTELS CO'S BULL RUN CONTINUE?

From budget to luxury properties, the hospitality chain has been adding assets across the board

time-read
8 mins  |
November 20, 2024
Mint Mumbai

Consumer watchdog moves to standardize diamond labelling

The CCPA is expected to release the draft guidelines in the coming weeks

time-read
1 min  |
November 20, 2024
Chinese stocks face another volatile year as policy clouds gather at home, abroad
Mint Mumbai

Chinese stocks face another volatile year as policy clouds gather at home, abroad

Chinese equities are in for another volatile year as markets weigh the impact of Beijing's seesawing stimulus against the potential threat posed by U.S. trade policy.

time-read
3 mins  |
November 20, 2024
Mint Mumbai

Why Big Oil doesn't mind big regulation

Donald Trump has promised to remove Biden-era regulatory barriers to drilling oil and gas, and that has become even easier with Republicans' House majority.

time-read
2 mins  |
November 20, 2024
Oil glut set to thwart Trump's call to 'frack, frack, frack'
Mint Mumbai

Oil glut set to thwart Trump's call to 'frack, frack, frack'

US President-elect Donald Trump's vows to \"frack, frack, frack\" are about to collide with a global crude glut that's set to, finally, temper record shale production.

time-read
1 min  |
November 20, 2024
Antitrust enforcers prepare a final blitz against Big Tech
Mint Mumbai

Antitrust enforcers prepare a final blitz against Big Tech

The FTC is laying the groundwork to open an investigation into Microsoft's cloud business and other practices

time-read
4 mins  |
November 20, 2024
Mint Mumbai

Govt plans minority stake sale in four state-run banks

The Indian government is considering selling minority stakes in four state-run banks to comply with public shareholding norms mandated by the country's markets regulator, a government source told Reuters.

time-read
1 min  |
November 20, 2024
NBCC India seeks to double revenue to ₹25,000 cr: CMD
Mint Mumbai

NBCC India seeks to double revenue to ₹25,000 cr: CMD

The govt construction firm will leverage its land bank and take up redevelopment projects

time-read
3 mins  |
November 20, 2024
Tata Power, DGPC to jointly develop projects in Bhutan
Mint Mumbai

Tata Power, DGPC to jointly develop projects in Bhutan

DGPC is an arm of Druk, a Bhutan govt-owned holding company with investments in energy to financial services

time-read
1 min  |
November 20, 2024
HC summons OpenAI in ANI copyright infringement plea
Mint Mumbai

HC summons OpenAI in ANI copyright infringement plea

Agency says ChatGPT owner does not have the right to exploit or create copies of its content

time-read
3 mins  |
November 20, 2024