Blinkit’s revised delivery executive pay structure faces protest

Earlier this month, Zomato owned Blinkit announced a revised pay structure for it’s delivery executives. Previously, they were being paid a fixed Rs 25 per delivery and peak-hour incentive of Rs 7 per trip It has now been revised to a minimum of Rs 15 per trip with a distance-based component This led to the … Read more

Reliance is top Indian Corporate in World’s Best Employers ranking 2021

The rankings are published by Forbes and covers 750 corporates globally. Key points to note – No. 1 position went to Samsung Electronics followed by US giants IBM, Microsoft, Amazon, Apple, Alphabet and Dell Reliance is placed at 52nd position – the highest for any Indian Corporate ICICI Bank is placed at 65 and HDFC … Read more

AU continues to see key personnel exits. Bound to make investors nervous

March 3, 2021 – Nitin Gupta, Chief Auditor Officer resigns and eventually moves to Equitas Small Finance Bank July 14, 2021 – Alok Gupta, Chief Risk Officer resigns. Disclosed by the Company only on August 29, 2021 supposedly after their inability to try retain him back August 31, 2021 – Sumit Dhir, Head Internal Audit … Read more

Lot seems to be changing at ICICI Bank

As per my employee contacts at ICICI Bank, lot seems to have changed since Sandeep Bakhshi took over. He is focused, detail oriented and a boring banker. Result – there is less focus on market position but more on effective growth by identifying the available market opportunities. Unit economics and credit quality has become a … Read more