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Indian stock brokers grew amid a pandemic as Sensex, Nifty soared — Quartz India


May 25, 2021
If stock brokering businesses were the benchmark for India’s economic success, no one would believe that the country is going through its worse financial crisis in decades.
Over the last year, as India struggled with Covid-19 outbreaks, the country’s economy went into a recession, the unemployment rate spiked sharply, and thousands of households were pushed into poverty. Many small businesses are currently hanging by a thread.
Away from this gloom and doom, stockbrokers in India have raked in millions during the pandemic.
In the financial year that ended on March 31, 2021, the stock brokerage industry in India clocked an income of Rs27,500-28,500 crore ($3.6 billion), which is around 30-35% higher year-on-year, according to rating agency ICRA. ....

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increments: moral booster: इंक्रीमेंट बोनस वेरिएबल पे का भुगतान

देश भर के कई सेक्टर की कंपनियां अब अपने एंप्लोई को इंक्रीमेंट (increments), प्रमोशन ( promotions), वेरिएबल पे (TVP) और वन टाइम स्पेशल बोनस जैसे रिवार्ड (rewards) दे रही हैं। कोरोना संकट के इस दौर में कामकाज और मुनाफे पर असर पड़ने के साथ ही बाहरी बाजारों की स्थितियां खराब हुई है। ....

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WFH: Back to full WFH: As infections surge, companies shut offices again in all major cities


Synopsis
Leading companies and conglomerates, including Infosys, TCS, ITC, IBM, Raymond, InMobi, Motilal Oswal Financial Services, Dunzo, Deloitte, SAP India, ManpowerGroup, Quess Corp, BookMyShow, PolicyBazaar and RPG Enterprises have asked employees to WFH.
Agencies
Many offices had begun opening in a staggered manner since January as the number of daily cases reduced and there was hope after vaccination started.
The massive second wave of Covid-19, with accompanying state-level lockdowns and curfews, has swept away all of India Inc’s schedules of phased working from office. Companies across regions and sectors are asking white-collar employees to go back to full work from home (WFH) mode, even in cities not under lockdown. ....

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