pay hikes

Omfed has raised milk prices by approximately Rs 4 per litre due to increased gas, raw material, and transportation costs. This hike also allows Omfed to pay farmers more for cow and buffalo milk. The price increase is expected to impact consumers and businesses, potentially raising the cost of tea and milk products.

Toyota Kirloskar Motor has implemented a significant price increase for its popular Fortuner SUV, with hikes ranging up to Rs 87,000 across all variants. This marks the second price revision for the model in 2026, pushing its ex-showroom price range to Rs 34.76 lakh to Rs 48.29 lakh.

Air India has assured employees there will be no layoffs despite significant losses exceeding Rs 22,000 crore last fiscal due to various "black swan events." However, annual increments will be deferred by at least a quarter, and employees are urged to cut discretionary spending to manage costs in the uncertain economic climate.

Government has raised Aviation Turbine Fuel prices for international airlines by 5.33%, marking the second consecutive monthly increase due to the global energy crisis. This adjustment means foreign carriers will now pay market-linked rates for ATF. Domestic airlines, however, will continue to see moderated prices, with no change in their rates.

Eating out is set to become significantly more expensive as commercial LPG prices have surged by nearly Rs 1,000 per cylinder. Bengaluru hoteliers are compelled to hike menu prices by approximately 10% due to this steep increase, which follows two previous hikes in recent months. This development poses a considerable challenge to the hospitality sector.

Employees are noticing a dip in take-home salaries due to new labour codes impacting salary structures. Increased Provident Fund and gratuity contributions, now based on a higher basic salary component, are the primary reasons. Companies are issuing explanations, with some, like SAP India, implementing measures to offset the reduced monthly pay and stabilize employee compensation.

Indian Super League clubs have warned the AIFF and sports ministry that a substantial number of teams may withdraw if a proposed entry fee is implemented. Clubs expressed concern over being treated as cost centers, especially after the departure of the previous commercial partner.