Big name US company (now defunct) made an offer to recent college grads on campus. One of the commitments was that they would get a hike when they joined up to

Big name US company (now defunct) made an offer to recent college grads on campus. One of the commitments was that they would get a hike when they joined up to match industry standards. Never happened. When challenged by engineering management HR gave a hike of Rs 100/- a year. About $3 at that time.