Author: Maya Singh

The Employees’ Provident Fund Organisation (EPFO) has launched the Employees’ Enrolment Campaign 2026 (EEC 2026), giving employers a one-time opportunity to enrol eligible workers who were previously left outside the Employees’ Provident Fund (EPF) system. The campaign was notified on June 29, 2026, and will remain open until October 31, 2026. It covers eligible employees who should have been enrolled under EPF between April 1, 2009, and March 31, 2026, subject to the conditions prescribed under the campaign. One-time opportunity for employers The initiative is aimed at encouraging voluntary compliance and extending EPF, pension and insurance-related social security benefits to…

On International Youth Day, Vedanta Group highlighted the growing role of India’s young workforce in transforming resource-intensive industries through digital skills, data-driven decision-making and new-age engineering. The diversified conglomerate, which operates across metals, oil and gas, critical minerals, power and technology, has onboarded more than 1,500 young professionals this year through full-time roles and internships. The talent was recruited from over 150 premier campuses, including IITs, IIMs and NITs. The intake achieved 50% gender diversity, while 15% of fresh hires came from the North-East, Jammu & Kashmir, Ladakh and other regions, expanding opportunities across different geographies and backgrounds. Vedanta Aluminium…

The Allahabad High Court has dismissed a petition filed by Shashi Kumari, a government school employee from Sambhal district, who sought six months of maternity leave following the birth of her fourth child. Kumari had approached the court after the local Block Education Officer rejected her maternity leave request in June, citing applicable service rules. Challenging the decision, she argued that she had not taken maternity leave for her first three children and therefore should be allowed to claim the benefit for her fourth child. Her counsel argued that this was her first actual request for maternity leave, making the…

OpenAI has reportedly bought back around $7 billion worth of shares from its employees, giving workers at the privately held AI company an opportunity to realise part of the value of their equity without waiting for a public listing. The employee share sale values OpenAI at approximately $852 billion, in line with the valuation from its latest fundraising round in March. That funding round reportedly raised $122 billion, significantly strengthening the company’s financial position as it continues to invest heavily in artificial intelligence. The transaction gives OpenAI employees greater liquidity while the company remains privately held. Technology companies are increasingly…

India’s transition to electric mobility could become a major source of employment over the coming years, with government and industry estimates suggesting the sector has the potential to generate millions of jobs by 2030. According to the Ministry of Skill Development and Entrepreneurship, the electric vehicle (EV) industry could create around 1 crore direct jobs and 5 crore indirect jobs by 2030. Separately, Union Minister Nitin Gadkari has said that India’s EV market could reach ₹20 trillion by the end of the decade while supporting approximately 5 crore jobs across manufacturing, services and related industries. Employment opportunities are expected across…

Digital asset prime brokerage FalconX has reportedly reduced its global workforce by around 10% as the company adjusts its operations amid continued weakness in cryptocurrency markets. According to a Bloomberg report, FalconX has also revised its strategy in Singapore. The company is expected to focus on cryptocurrency derivatives trading and withdraw its licence application with the Monetary Authority of Singapore (MAS), while continuing its operations across Asia and expanding its presence in Europe. Before the reported layoffs, FalconX employed approximately 350 people across the United States, the United Kingdom, Singapore and Hong Kong. The workforce reduction comes less than a…

Apple has opened applications for a programme that will allow selected retail employees in the United States to support the company’s upcoming product launch event. According to information shared internally, the Event Support Experience Programme will use a lottery-based selection process to choose retail staff who will assist with event operations. Selected employees are expected to help manage guest queues, check in attendees, direct visitors and support security teams during the event. The product launch is scheduled for the first half of September. Employees interested in participating must submit their applications by 8 August, with successful applicants expected to be…

SpaceX is approaching the expiry of its initial insider share lockup period, a milestone that will allow employees and early investors to sell company shares for the first time since its public listing. According to market reports, approximately 912 million insider-held shares are expected to become eligible for trading when the lockup period ends. The additional shares could significantly increase the company’s public float, giving a larger number of shareholders the ability to trade their holdings. Lockup expiries are often closely watched by investors because they can increase the supply of shares available in the market. Analysts note that this…

India has expanded its efforts to strengthen domestic telecom manufacturing with the launch of its first dedicated Telecom Manufacturing Zone, while the government’s Production Linked Incentive (PLI) scheme for telecom and networking products has generated around 36,000 jobs, according to official data. The PLI programme is aimed at encouraging local production of telecom equipment, attracting investment, and reducing dependence on imports. The initiative also supports India’s broader objective of becoming a major manufacturing and export hub for telecom technologies. The newly launched Telecom Manufacturing Zone is expected to bring together telecom equipment manufacturers, component suppliers, micro, small and medium enterprises…

Visa plans to reduce its global workforce by approximately 7%, affecting around 2,600 employees, as the payments company seeks to improve operational efficiency and focus investments on strategic growth areas. The workforce reduction is expected to primarily impact employees in the company’s technology and product divisions. The move forms part of Visa’s broader effort to optimise its organisational structure while directing resources toward emerging opportunities, including artificial intelligence and digital payment technologies. The announcement follows similar restructuring measures across the financial technology sector. Earlier this year, Mastercard reduced its workforce by about 4%, while fintech company Block also announced job…