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HRKatha

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‘No Work No Pay’ principle can’t apply if employer has erred: Calcutta HC

  • The Calcutta High Court recently observed that if the employer is found to be at fault, the 'No Work No Pay' principle cannot be applied to deny an employee what is rightfully his.
  • The case involved a retired employee of the Kolkata Municipal Corporation (KMC) who was denied arrears based on the 'No Work No Pay' principle.
  • The Calcutta High Court ruled in favor of the retired employee, ordering KMC to clear all salary arrears and re-fix the employee's financial benefits in line with the set rules.
  • The court stated that the mistake made by the employer exempts the application of the 'No Work No Pay' principle.

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“Focus on Tesla or give up CEO position”: Tesla investor to Musk

  • Tesla investor, Ross Gerber, urges Elon Musk to focus on Tesla or give up CEO position.
  • Gerber believes that Musk is neglecting his duties at Tesla and is too preoccupied with his role as head of the Department of Government Efficiency.
  • Tesla is currently facing a crisis, with falling sales and market value, and Gerber thinks a new CEO is needed to run the company effectively.
  • Gerber is concerned about the negative impact that Musk's distractions and DOGE's activities have had on Tesla's reputation.

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Deutsche Bank to axe 2,000 jobs in pursuit of profitability

  • Deutsche Bank is set to axe 2,000 more jobs in pursuit of profitability.
  • The bank previously laid off 3,500 support staff in 2024 in an effort to cut costs.
  • The current job cuts will primarily affect the personal bank and its subsidiary, Postbank.
  • Deutsche Bank's CEO, Christian Sewing, aims to increase profitability by trimming the retail banking division.

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Mount & Blade 2: Bannerlord's first bit of DLC is all about taking the lads out on a not-so-nice boat trip

  • The strategy action game Mount & Blade 2: Bannerlord will be getting its first DLC, War Sails.
  • War Sails introduces a Viking-inspired faction and boat-related gameplay features.
  • Players will have to navigate wind and water physics and engage in naval combat.
  • The DLC will be released on June 17th, with additional free updates planned.

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Deel faces corporate espionage allegations in Rippling lawsuit

  • San Francisco-based HR tech unicorn Deel is facing serious allegations of corporate espionage in a lawsuit filed by competitor Rippling this week.
  • The lawsuit accuses Deel of stealing trade secrets and conspiracy to violate the Racketeer Influenced and Corrupt Organizations (RICO) Act.
  • Rippling claims that Deel cultivated a spy within their company who conducted suspicious searches and obtained confidential business intelligence.
  • Both companies are major players in the human capital management (HCM) software market, and this legal battle could have far-reaching implications for the HR tech sector.

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It's turtle time: Endless Legend 2's first faction is the fortification-loving Kin of Sheredyn

  • Endless Legend 2's first faction, the Kin of Sheredyn, is designed for turtlers who enjoy defensive playstyles and building up cities.
  • The Kin focuses on entrenchment mechanics, where fortified cities unlock bonuses and abilities, supporting defensive gameplay.
  • Ancestors of the Kin were bodyguards in Endless Space 2, now stranded on Saiadha, emphasizing their defensive nature.
  • The faction promotes tall growth over wide expansion, prioritizing city fortification and population happiness.
  • Entrenchment system gauges fortifications across cities, providing economic bonuses and unique abilities like holy commandments.
  • Holy commandments are active abilities with sci-fi-fantasy elements, such as instant resource excavation and orbital cannon strikes.
  • Chosen elite warriors allow deploying holy commandments beyond borders, but are limited in numbers.
  • Kin units gain shield bonuses for staying together in battles, encouraging tactical formations and defensive strategies.
  • Fighting the Kin involves breaking formations, utilizing units with pushing abilities and area of effect attacks.
  • Endless Legend's narrative focus introduces Commander Garin's mysterious disappearance, adding depth to the Kin's storyline.

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Over 110 players and 10,000 units clash as this free RTS celebrates its growing multiplayer scene with some of the biggest multiplayer battles ever fought

  • Beyond All Reason, an indie RTS, hosted mega-scale battles with over 110 players and 10,000 units.
  • The game celebrated its growing multiplayer scene with some of the biggest multiplayer battles ever fought.
  • Despite the strain on older PCs, the game's robust netcode handled the large matches surprisingly well.
  • Beyond All Reason is a free game inspired by Total Annihilation and Supreme Commander, with a planned solo campaign and a Steam release in the future.

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8.23 lakh new subscribers enrolled by EPFO in 2025

  • The net payroll addition in January 2025 was 11.48% more compared to December 2024, according to EPFO.
  • 8.23 lakh new members were enrolled by EPFO in January 2025, with 2.17 lakh women among them.
  • Over 57% of the new subscribers belonged to the 18-25 age group.
  • The net payroll addition in January 2025 increased by 11.67% compared to the same time last year.

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Honkai Star Rail current banner, next banner, and 3.1 banners

  • The Honkai Star Rail banner system allows you to trade in your hard-earned Star Rail passes for the opportunity to pull the best Honkai Star Rail characters.
  • The current and next Honkai Star Rail banners are not mentioned in the given news content.
  • The banner schedule includes everyone you can pull during the current update, plus the banners slated to appear in the next update and beyond.

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Forbes

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Today’s Top Money Market Account Rates For March 20, 2025 – Rates Hit 4.89%

  • The highest money market rate as of today is 4.89%, compared to the national average of 0.54%.
  • Money market accounts offer higher interest rates compared to regular savings accounts.
  • When opening a money market account, it is important to compare rates, minimum balance requirements, and withdrawal limits.
  • Money market accounts provide a hybrid between savings and checking accounts.

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Forbes

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Mortgage Refinance Rates Today: March 20, 2025 – Rates Decline

  • The mortgage refinance rates for today, March 20, 2025, show a drop in rates with a 30-year fixed refinance at 6.81% and a 15-year refinance at 5.78%.
  • The average rate is 6.57% for a 20-year mortgage refinance, and the APR for a 30-year fixed-rate mortgage is 6.84%.
  • For a 20-year fixed refinance mortgage, the APR is 6.61%, and for a 15-year fixed refinance, the APR is 5.83%.
  • Refinancing costs include total interest payments over the life of the loan, and current rates impact monthly payments and total interest paid.
  • Refinancing can help lower interest rates, reduce monthly payments, pay off the loan quicker, tap into home equity, or eliminate PMI.
  • However, refinancing carries costs, making sense for long-term homeowners who plan to stay to outweigh closing fees with savings.
  • Strategies for finding a good refinance rate include maintaining a strong credit score, monitoring fluctuating rates, and considering shorter loan durations.
  • A strong credit score, low debt-to-income ratio, and staying informed about mortgage rate fluctuations can increase approval chances for refinancing.
  • It is essential to calculate the 'break-even point' to determine when savings from a new mortgage will surpass closing costs before refinancing.
  • Considering different loan terms, like a 15-year mortgage, can reduce payment amounts and overall interest paid, potentially outweighing higher current rates.

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Forbes

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Mortgage Rates Today: March 20, 2025

  • The mortgage interest rate on a 30-year fixed mortgage today is 6.71%.
  • The interest rate on a 15-year fixed mortgage today is 5.79%.
  • The interest rate on a 30-year jumbo mortgage today is 7.12%.
  • Factors affecting mortgage rates include the economy, benchmark rates, and borrower-specific factors.

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CD Rates Today: March 20, 2025 – Rates Move Lower

  • Today, some CDs offer interest rates as high as 5.06%, which is much higher than previous years.
  • CDs have fixed interest rates for specific terms, and early withdrawals result in penalties.
  • Short-term CDs like three-month options have an average rate of 1.3% and a high of 4.72%.
  • Six-month CDs offer yields up to 4.94%, with an average APR of 1.79%.
  • The highest rate on a 12-month CD is 5.02%, with an average APY of 1.87%.
  • For two-year CDs, interest rates can reach 4.52% and the average APY is 1.68%.
  • The highest rate on three-year CDs is currently 4.65%, with an average APY of 1.59%.
  • Five-year CDs offer rates up to 4.26%, with an average APY of 1.59%.
  • Jumbo CDs with rates up to 5.06% for a 6-month term require a significant minimum deposit.
  • Opening a CD account involves a lump-sum deposit and CDs typically pay higher interest than other savings options.
  • CDs are considered safe investments with protection from FDIC and NCUA insurance.

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High-Yield Savings Account Rates Today: March 20, 2025 – Rates Are Steady

  • Rates on savings accounts have remained steady compared to one week ago.
  • The highest yield on a standard savings account with a $2,500 minimum deposit amount is 5.84%.
  • High-yield savings accounts continue to offer attractive interest rates, with the best rate being 4.88% on a minimum deposit of $10,000.
  • It is important to consider factors such as minimum deposit requirements, fees, and the reputation of the financial institution before choosing a savings account.

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Today’s HELOC & Home Equity Loan Rates: March 20, 2025

  • Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.
  • HELOC rates are tied more closely to banks than first-mortgage rates and are expected to increase in 2022 and beyond.
  • There are different options for home equity loans and HELOCs, including various terms (5-year, 10-year, 15-year, 20-year, and 30-year) to suit different borrowing needs.
  • Home equity loans are lump-sum loans based on the amount of home equity a homeowner owns and can be used for significant financial needs.

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