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Tag: SpiceJet

  • Photoshop-maker Adobe has a third of its global innovations happening out of India   

    Photoshop-maker Adobe has a third of its global innovations happening out of India   

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    A third of Adobe’s global innovations, including those on key products such as Acrobat and Illustrator, are happening out of India as the country has grown as a critical strategic focus area for the Photoshop-maker, according to Adobe India MD Prativa Mohapatra.  

    “In terms of innovation, Adobe India contributes about a third to Adobe. So, our engineering and product development teams become very relevant for the global strategy. Most of them are based out of Bangalore and Noida,” Mohapatra told Business Today recently. Besides, the India team is the second largest globally after the US, with around 7,000 employees. Adobe has more than 26,000 employees worldwide. The firm reported $15.79 billion in revenue as of the fiscal year ended December 3, 2021.  

    Apart from its Creative Cloud, which includes softwares such as Photoshop and Illustrator, Adobe India is also going big on providing customer journey management, data analytics, content personalization, commerce, and marketing workflows to businesses under its Adobe Experience Cloud as enterprises are digitising, especially post-pandemic.  

    The firm counts among its clients’ well-known brands across verticals such as travel & hospitality (Vistara, SpiceJet, Indigo, Taj Hotels), Telecom (Airtel, Vodafone-Idea), e-commerce and retail (Flipkart, ABFRL, Myntra-Jabong, MakeMyTrip, Yatra, Tata CLiQ, Nykaa), BFSI (HDFC Bank, BFL, Tata Capital, HDFC Life, IDFC Bank, Reliance General Insurance). 

    But apart from consumer-driven sectors such as airlines, hospitality, banks, and retail chains, traditional B2B is the new category going in for digitisation, Mohapatra said. “Companies manufacturing steel and cement never thought they would need digital portals. But the trend now is to have marketplaces. For instance, a steel company maybe making steel rods and sheets, but they are selling the house design and not just their product to the end customer. Cement firms are using the experience of building a house as the experience strategy rather than selling cement,” she said, adding that B2B firms are also targeting the end customer rather than the godown.  

    Also read: Economic instability, inflation a major concern for Indian workforce, Adobe warns

    Also read: Adobe to buy Figma for $20 bn; leads to drop in $30 bn market value of Photoshop maker

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  • SpiceJet’s salary hike: Why pilots are apprehensive about Rs 7 lakh announcement

    SpiceJet’s salary hike: Why pilots are apprehensive about Rs 7 lakh announcement

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    Days after SpiceJet announced a salary hike for its pilots, a section of captains and first officers of the airline has expressed apprehension about the implementation of the revised remuneration citing terms and conditions. In a communication to pilots on October 19, SpiceJet said effective November 1, 2022, its captains’ salaries will increase to Rs 7 lakh for 80 hours of monthly flying and Rs 6.13 lakh for 70 hours from the current Rs 4.5 lakh level which was made effective from October 1, 2022. 

    Accordingly, salaries of trainers and senior first officers have also been increased commensurately, the Gurugram-headquartered airline said. The trainers comprise Designated Examiner (DE), Type Ratings Instructor (TRI) and Line Training Captain (LTC). However, a section of pilots alleged that the airline has announced a hike in their remunerations while they are yet to get salaries at par with pre-COVID levels, a claim denied by SpiceJet. On an average, a captain is currently getting around Rs 2.50 lakh a month while a first officer takes home about Rs 1 lakh every month after basic deductions, multiple pilots said requesting anonymity. 

    “So basically, we are still getting only half of our actual salaries and I do not know how this new salary structure announcement is going to be implemented,” a Spicejet pilot told PTI. SpiceJet insiders said the company had recently forced dozens of pilots into opting for leave without pay (LWP) as the airline is operating at 50 per cent strength due to DGCA’s order post a series of flight safety incidents. While official figures could not be confirmed, it was estimated that in October 2022, SpiceJet had an operational fleet of about 50 aircraft, including Bombardier Q400 and Boeing planes, with around 750 pilots. 

    Over a 100 pilot, many of them Boeing captains, quit SpiceJet in recent months amid curtailed and irregular pays, besides future uncertainties, to join the newly-launched Akasa Air and some Gulf-based carriers, they said. The fresh salary hike announcement seems focused on those mulling to quit SpiceJet and those on LWP getting job offers from other airlines, with many already looking for better opportunities as the aviation market once again has opened up for recruitments, they claimed. 

    “This new announcement seems to be the proverbial carrot on the end of the stick. I doubt if any pilot will even get this salary,” another pilot, currently on leave without pay, told PTI. The pilots also alleged that clocking 80 hours of monthly flying –- a requisite to claiming the Rs 7 lakh salary — could be prevented by the company by means of adjusting their scheduled duties. “All these conditions have to be kept in mind before taking the new announcement seriously. We cannot believe this until full salaries are paid as announced,” a serving SpiceJet captain said. 

    When contacted, SpiceJet on its part said the claims of a section of pilots are “completely wrong”. In August, SpiceJet captains got a minimum gross salary of Rs 3.7 lakh. In September their salary was increased to a minimum of Rs 4 lakh, and in October it was increased further to Rs 4.5 lakh, it said. 

    “The take-home net salary is after deductions like tax, provident fund etc. SpiceJet has consistently and progressively, with intimation to the pilots, increased their salaries month-on-month,” a spokesperson for SpiceJet told PTI. “In November, their salaries will be higher than pre-COVID levels with captains getting Rs 7 lakh. The corresponding pre-COVID level was Rs 6.45 lakh,” the spokesperson added. One of the pilots countered the employer’s claim, arguing that a captain would have got the Rs 6.45 lakh salary but it would have been against completing 70 hours of flying and not 80 hours, as announced on Wednesday in the revised structure. 

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