Wipro to roll out promotions again in June, employees to get skill-based bonuses

• Wipro is planning to roll out a wage hike in June
• Wipro on Thursday reported 27.78% year-on-year increase in net profit to ₹2,972.3 crore for the quarter ended in March

In the Indian context, in the absence of a universal state-sponsored welfare scheme, individuals have to rely on provident fund and similar schemes to build their retirement nest

Citigroup plans to exit retail banking in 13 markets across Asia and the Europe, Middle East and Africa region. The move is part of an ongoing review of the company’s strategy by CEO Jane Fraser, who took over last month

• In constant currency terms, its revenue grew 3% sequentially, which appears decent for what has traditionally been a weak quarter for the industry

• The next date of the NEET-PG medical entrance exams will be decided later, Union Health Minister Dr Harsh Vardhan said today

• RBI has decided to set up a new Regulations Review Authority (RRA 2.0) to review the central bank’s regulations and compliance procedures
• RBI deputy governor M Rajeshwar Rao has been appointed as the RRA for a period of one year starting 1 May 2021