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upGrad launches new upskilling programme; aims to enable 75,000 jobs Ronnie Screwvala-led edtech unicorn upGrad is doubling down on creating the largest upskilling programme portfolio. The programme will allow firsttime job seekers and working professionals to take their own upGrad branded courses. upGrad aims to enable 75,000 jobs through the new programme in one year.

“Our own branded certification courses for job enablement allow us the flexibility to focus on what makes the first-time employee or working professionals move up in their jobs or shift careers in order, to upgrade themselves,” said Mayank Kumar co-founder and MD of upGrad.

Tata Trusts to earn Rs 267 cr as dividend income from Tata Sons in FY22: Tata Trusts will earn Rs 267 crore as dividend income from Tata Sons for 2021-22 (FY22). About 66 per cent of the group’s equity capital is with the trusts owned by the Tata family. Tata Sons, the unlisted holding company of Tata Group of companies, has announced a dividend of Rs 10,000 per share at the rate of 1,000 per cent.

Adani-owned Mangaluru Airport seeks hike in user development fee The Adani Airports-owned Mangaluru International Airport (MIA) has sought an immediate increase of Rs 100 in user development fee (UDF) on domestic passengers to facilitate development activities. It has also requested permission to levy the fee on both arriving and departing passengers.

Infosys cuts average variable payout to 70% for Q1 on margin pressure India’s second-largest information technology (IT) firm Infosys has decided to reduce the average variable payout of employees to 70 per cent due to falling operating margins in the first quarter (Q1) of 2022-23 (FY23), said people in the know.

“The margin impact in the current quarter has reflected on the performance bonus for this cycle,” the company told its employees over email.

McLaren to enter Indian market later this year, partners Infinity Cars: British sportscar maker McLaren said on Monday it was entering the Indian market, with its first retail outlet set to open in Mumbai later this year. India is largely a low-cost and price-sensitive car market in which luxury models account for just over 1% of total annual sales of about 3 million.

Zomato discontinues premium membership, aims to craft a new programme:

Food delivery firm Zomato said on Monday that it is going to discontinue its 'Pro' and 'Pro Plus' programmes for its consumers. The Deepinder Goyal-led firm introduced Zomato Pro and Zomato Pro Plus by upgrading its Zomato Gold programme to Zomato Pro in 2020. The Gurugram-based firm is now closely working with its customers and restaurant partners to craft a new programme.

“While Zomato Pro and Pro Plus have been loved tremendously by our customers and restaurant partners, we want it to be even more beneficial, especially for the most engaged customers and restaurant partners. We are taking feedback and working closely with our customers and restaurant partners to craft a new program. Meanwhile, we are not onboarding new members and restaurant partners to Zomato Pro and Zomato Pro Plus,” said a Zomato spokesperson.”

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