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MUMBAI: The newly implemented labour code, which makes it mandatory for employers to increase the basic salaries to 50% of overall the cost to company (CTC) pushing up gratuity costs, has shaved 5% ...

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India’s new labour codes eroded the profits of India’s five largest information technology (IT) services companies in the December quarter as they recorded ₹4,645 crore ($500 million) in upfront costs ...