Large Indian business groups are “rebadging” a bunch of legacy leaders and C-suite talent who have been with the company for a long time by moving them into consultant roles or making them “independent contractors” while divesting them of most of their execution powers, according to industry insiders, board members, HR and legal experts. Most of these senior leaders are in the age bracket of 55 or above, they said.
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The National Company Law Tribunal (NCLT) has ordered the liquidation of Tulip Hotels after failing to receive a viable resolution plan. The ...
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- No country for rich men! UK rule spawns 'tax travellers'
UK-based Indian families including millionaires and recent migrants are planning to split their time across multiple countries to avoid a new UK tax regime effective from April 6, 2025, which will include inheritance tax on foreign earnings and assets. Many are considering relocation to tax-efficient countries like UAE or Bahrain.
UK adds one more hurdle in its immigration process. You may have to shell out more soonThe UK government has proposed significant increases in immigration fees, including a more than doubling of the Certificate of Sponsorship (COS) fee from £239 to £525, which employers must pay to sponsor foreign nationals under the Skilled Worker Route. Additional increases are also planned for UK citizenship application fees. The proposals are awaiting approval by Parliament, with no set date for implementation.
Nearly 20,000 Indian students fail to show up in designated colleges in Canada, raise concernsNearly 50,000 international students failed to attend their designated institutions in Canada during March and April 2024, with around 20,000 from India. Investigations link this to illegal migration networks. Experts stress tighter regulations and better tracking, as discrepancies between IRCC and Statistics Canada figures remain unresolved.
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