Latest news with #KPI
Time of India
6 hours ago
- Business
- Time of India
Labour dept surpasses KPIs, boosts $1 trn economy goal
Lucknow: Key Performance Indicators (KPIs) of the department of labour to assess its progress towards making Uttar Pradesh a $1 trillion economy show that the department surpassed its goals for the previous year and the "state is recording good industrial growth. Tired of too many ads? go ad free now " The latest report released by the department related to Shramayukt Sangathan for 2024-25 shows that against the target of registering 3,600 factories, the department registered 3,644, achieving 101.22%. "This reflects a steadily improving environment for industrial investment and job creation in the state. The second KPI, which records factories employing more than 100 persons, indicates the rapid establishment of large-scale industries and a growing number of employment opportunities in the organised sector," said a govt spokesperson. The second KPI, which tracks factories employing more than 100 workers, shows that the state registered 498 units against a target of 450, achieving 110.66%. KPI-3, which tracks the registration of new shops and commercial establishments, shows the registration of 45,551 establishments against a target of 42,984, achieving 105.97%. These, the official added, indicate that small traders and entrepreneurs are responding positively to the state's pro-business policies. Another KPI pointed to progress in the transport sector, highlighted by an increase in the number of newly registered transport enterprises. Against a target of 252, 375 registrations were recorded, achieving 148.80%, signalling an increase in investments in the transport sector. A year-wise comparison further highlights this growth, with 27,014 units registered from August 2022 to March 2023, generating revenue of Rs 1,856.42 lakh. Tired of too many ads? go ad free now In 2023–24, the number rose to 44,091 units, with revenue reaching Rs 3,496.94 lakh. In 2024–25, registrations touched 45,551 units, generating Rs 3,770.50 lakh in revenue. "These numbers underscore how the state's reforms are not only stimulating business activity but also driving significant growth in govt revenue. UP is steadily establishing itself as one of the leading business-friendly states in the country. This KPI report reaffirms UP's march towards becoming a developed state, guided by the principles of 'Reform, Perform, and Transform,'" the official said.
IOL News
6 hours ago
- Business
- IOL News
Gautrain shutdown looms as NUMSA secures strike certificate
Gautrain services could soon grind to a halt Image: Supplied Gautrain services could soon grind to a halt after the National Union of Metalworkers of South Africa (NUMSA) was granted a certificate to strike by the Commission for Conciliation, Mediation and Arbitration (CCMA). This comes after the collapse of wage negotiations with the Bombela Operating Company (BOC), which manages operations of the high-speed rail service. According to a statement issued to the media by the union's national spokesperson on Wednesday, Phakamile Hlubi-Majola stated: "Wage negotiations deadlocked on the 9th of June 2025 and NUMSA filed a dispute with the CCMA, which was heard yesterday. Unfortunately, parties were still unable to find one another due to the arrogance of the Bombela Operating Company (BOC) management, which has resulted in a certificate to strike being issued." Some of the key demands from the workers include a 7% across-the-board wage increase, an increase in the housing allowance from R1,300 to R1,600, a rise in the transport allowance from R125 to R150, an increase in the night shift allowance from R38 to R50 per hour, and a boost in the KPI bonus from R9,600 to R15,000. Hlubi-Majola stated that the Bombela Operating Company (BOC) has failed to present a meaningful offer, instead proposing a mere 4.2% wage increase, which the workers have categorically rejected. 'Unfortunately, the CCMA facilitation by a senior commissioner did not yield any positive results,' she said. The union highlighted the rising cost of living as an additional pressure, saying that workers have no choice but to take to the streets. "This week, electricity went up by 12.5%, and the fuel tariffs have just been adjusted up. This has a negative impact on the price of goods because it means that goods and consumables are more expensive. "NUMSA further calls on the Gautrain Management Authority and the Gauteng provincial government to intervene and apply pressure on the BOC management to come to the party and put a meaningful offer on the table for our members to consider." IOL Business Get your news on the go, click here to join the IOL News WhatsApp channel
Hans India
a day ago
- Business
- Hans India
Gattu Block Secures National Top-5 Rank in NITI Aayog Rankings: Collector Sets Vision for 100% KPI Achievement
Gadwal: Gattu Block, part of Jogulamba Gadwal district, has achieved a remarkable milestone by securing a place in the Top 5 blocks in the country in the NITI Aayog's Aspirational Blocks Program Delta Ranking for Q4 of 2024–25. In recognition of this success, District Collector B.M. Santosh appreciated the relentless efforts of officials and frontline workers, urging them to aim even higher in the future with a goal of achieving 100% performance in Key Performance Indicators (KPIs). A review meeting on the Aspirational Block Program (ABP) was held on Tuesday at the IDOC Conference Hall, where the Collector led discussions on Gattu Block's progress and future action plans. National Recognition for Gattu Block During the meeting, Collector Santosh announced that Gattu Block had secured: 5th rank nationwide, and 2nd rank in Zone–3 under the Aspirational Blocks Program (ABP). As a mark of recognition, NITI Aayog awarded ₹1 crore to Gattu Block for its outstanding performance. Appreciation and Encouragement The Collector extended congratulations to: All mandal-level officers, Department heads, and Frontline staff for their dedication and consistent efforts. He emphasized that the same level of commitment must be maintained to achieve 100% KPI targets in the upcoming quarters. Special Mention to Collaborating Organizations The Collector also appreciated the cooperation of several partner organizations that have supported the health and education sectors: SBI Sanjeevani, Bharat Bhavishya, Teach for Change, and MV Foundation. Focus Areas and Future Goals Collector Santosh highlighted that there are 39 key performance indicators spread across five critical sectors: 1. Health and Nutrition 2. Education 3. Agriculture and Water Resources 4. Financial Inclusion and Skill Development 5. Basic Infrastructure He urged officials to implement these indicators effectively to ensure even better results in the future. He placed special emphasis on the welfare and development of women and children, stating that their progress must be prioritized in all development activities. The Collector also noted that Gattu Block's current composite score stands at 69.43, and called for intensified efforts to improve it further, ultimately striving for a perfect 100% KPI achievement. The review meeting was attended by: Additional Collector Narsinga Rao District Panchayat Officer (DPO) Nagendram District Medical Officer Dr. Siddappa District Welfare Officer Sunanda MPDO Chennayya Program Officer Sandhya Rani Aspirational Block Program Coordinator Afzal And other departmental officials. This achievement marks a proud moment for Jogulamba Gadwal district, as Gattu Block stands as a model for other aspirational blocks across India.
Time of India
7 days ago
- Business
- Time of India
Raymond Realty to list on stock exchanges on July 1. What to expect
Raymond Realty , which was demerged from parent Raymond Ltd last month, is gearing up to list on stock exchanges on July 1 with SBI Securities expecting the fair value of the stock to be Rs 1,148. 'The group is moving towards business vertical specialization, with each unit (lifestyle, engineering, real estate ) having its own roadmap. The core strategic focus remains on shareholder value creation through focused business verticals,' Raymond Group Chairman and MD Gautam Singhania said. He said post demerger , the real estate arm of the conglomerate will continue to focus primarily on Mumbai, with possible expansion to Pune. 'The business model emphasizes "affordable luxury"—offering apartments with enhanced amenities such as clubhouses, play areas, etc. Growth will not require capex, as the company is operating on an asset-light joint development agreement (JDA) model,' he said. On the engineering business side, Singhania said capex plans are under preparation and are likely to be finalised and disclosed in the next one-to-one-and-a-half months. Following the demerger of the real estate vertical, Raymond Ltd will now focus on just the engineering vertical. Also Read | Raymond Realty aims 30 pc growth in sales bookings in FY26 at Rs 3,000 cr on strong housing demand The company said the demerger of the real estate business has become effective from May 1, 2025, and the record date is May 14, 2025, for the purpose of determining the eligible shareholders of the demerged company, Raymond Ltd. According to the scheme of arrangement, each shareholder of Raymond Ltd will receive one share of Raymond Realty Ltd for every share held in Raymond Ltd. Raymond Realty is targeting a 30 per cent increase in its sales bookings this fiscal year to Rs 3,000 crore on strong launch pipeline of residential projects and robust demand. The company is amongst the top 10 listed developers in the country and top 5 listed developers in the MMR (Mumbai Metropolitan Region). Raymond Realty plans to launch 2 new projects in FY26 on its own land in Thane and 4 new projects under the JDA model. The company's real estate revenue and EBITDA have grown 13% YoY each in Q4 FY25 to Rs 766 cr/Rs 194 cr respectively. In FY25, the revenue and EBITDA have grown 45%/37% YoY to Rs 2,313 cr and Rs 507 cr respectively. While the EBITDA margin remained unchanged YoY in 4QFY25 at 25.3%, the same slipped 140 bps YoY to 21.9% in FY25. Assuming that Raymond Realty will list at FY26E EV/EBITDA multiple of 11-15x and will deliver EBITDA growth in the range of 0-20% over FY25, the share price of Raymond Realty is expected to list in the range of Rs 897 to Rs 1,430, SBI Securities said. In a base case scenario, assuming EBITDA growth of ~10% YoY in FY26 and EV/EBITDA multiple of 13.0x (discount of 23.5% to its closely listed peers), the fair value of the business comes to Rs 1,148, the brokerage firm said. "Post listing , Street will closely track KPI's and financial performance (pre-sales, embedded EBITDA margins, cash inflows/outflow, debt etc) of the company," it said. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Yahoo
24-06-2025
- Business
- Yahoo
Former general manager can proceed with age bias case after Chili's failed to retain documents, 6th Circuit rules
This story was originally published on HR Dive. To receive daily news and insights, subscribe to our free daily HR Dive newsletter. Chili's restaurant owner Brinker International should not have been granted summary judgment on a general manager's Age Discrimination in Employment Act lawsuit because the evidence it presented to justify his termination couldn't be authenticated and wasn't admissible, the 6th Circuit U.S. Court of Appeals held June 17. Per court records in Kean v. Brinker International, Inc., the manager ran a Chili's in the Nashville, Tennessee, area. When he was terminated at 59, he was one of the oldest general managers in the region and was replaced by an allegedly inexperienced 33-year-old, according to the record. Brinker said it fired the worker for creating a toxic culture and not turning a good profit, the 6th Circuit noted. To support its position, Brinker submitted a Team Manager Relations report, a compilation of notes and emails apparently put together after the termination decision was made and after the GM complained of age discrimination to HR, court records indicated. A federal district court relied on the TMR report to grant pretrial judgment to Brinker, the 6th Circuit pointed out. In a universal lesson on document retention, the 6th Circuit said this was an abuse of discretion and reversed the ruling. Brinker did not respond to a request for a comment. The TMR report could not be used to justify the GM's termination because it couldn't be authenticated, and Brinker failed to retain original documents — including performance reviews and purported complaints — relating to the GM's employment and why he was fired, the 6th Circuit explained. An HR employee functioning as the TMR specialist appeared to have drafted the report, apparently from her notes and post-termination emails circulated among her and the other team members, the court said. But the TMR specialist testified she had no recollection of writing the report or what it discussed, according to the record. Notably, compounding the destruction of evidence, none of the involved management team had 'any independent recollection of either their role in terminating [the GM] or why the decision to terminate was made,' the appeals panel said. In contrast, the GM presented admissible evidence contradicting Brinker and raising trial questions over whether he was fired because it wanted a more youthful work culture, the 6th Circuit held. Specifically, when he was terminated, the GM's key performance indicator report and employee engagement scores were excellent, the court pointed out. The KPI report measured his restaurant's financial success by looking at employee turnover, guest experience and cost. Regarding alleged ageism, both an earlier supervisor and the GM's assistant manager noted a trend of more senior employees leaving while younger employees were being promoted and hired into management, the 6th Circuit observed. For employers, the case serves as a critical reminder: Timely and properly prepared documentation can make or break a lawsuit. In 2020, for example, the 6th Circuit ruled that a furniture company proved it fired an employee for poor performance, not because of his race, based on written warnings it gave the employee detailing his performance problems and how he could improve. Also, while incomplete or contradictory documentation may prolong litigation, employers face heavy penalties for deliberately destroying documents after litigation has begun. In the Chili's case, the district court found Brinker's destruction of pre-termination documents was not intentional but rather 'grossly negligent.' The 6th Circuit left that finding in tact, but instructed the district court to consider imposing more severe sanctions than just fees and costs. Brinker likely failed to preserve relevant documents initially because it didn't have a consistent records-retention policy in place, the appeals panel suggested. But after the GM was fired and said he was planning to hire a lawyer, Brinker waited five months to place a litigation hold on documents going forward, the 6th Circuit said. Recommended Reading Muslim officer allegedly forced to remove hijab in front of male boss has Title VII claim, 2nd Circuit says Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
