Novak Djokovic pocketed a $1.6-million bonus just for turning up on court on Wednesday before making light of recent shoulder pains to beat Croatian Ivan Dodig 6-4, 6-3 in the second round of the Paris Masters.
Official sources say scrutiny of returns filed by companies, brokers and individuals active in the stock markets and in possession of shares revealed wide use of this mechanism to evade tax.
Gujarat NRE Coke Ltd has informed BSE that the Board of Directors at its meeting held on January 18, 2003 has recommended issue of bonus shares in the ratio of 1:2.
The Ecuadorean won the men's 20 km walk on the opening day of the World athletics championships.\n\n
The Pakistan Cricket Board has started clearing the dues of national team players, which were held up for the last few months because of issues relating to new central contracts.
The churn in investment banks, though less muted than in the heydays of 2007, is gathering speed. "The pent-up desire to move is very high at the moment," says R Suresh, managing director at head hunting firm Stanton Chase.
Reliance Power (R-Power), which raised over Rs 12,000 crore (Rs 120 billion) in India's biggest initial public offering in January, will consider issuing bonus shares to its shareholders, excluding the promoter group.
At the annual general meeting (AGM) of Larsen & Toubro (L&T) on Wednesday, shareholders made the usual request to the top management for bonus shares. But this time, the setting was different. The man at the helm, outgoing group chairman AM Naik, 82, was heard assuring shareholders that he would join the chorus soon. There were laughs and chuckles at Naik's playful remark as he addressed the last AGM, nearly six decades after he joined L&T as a junior engineer and some 25 years at the top.
Airline to deploy around 50 planes in the next seven months
Bankers said the outlook of M&As in India in 2024, especially in the second half after the Lok Sabha election, seems relatively better.
Rohit once again showcased a brief yet impactful innings, contributing significantly to India's bonus runs in the initial ten overs
The biggest mistake that one can make is to behave like multi-millionaires by either gifting expensive presents or trying to solve other people's financial problems.
2019 was the Bharatiya Janata Party's breakout year, when it stretched the boundaries of what was thought possible and ended up with 303 seats on its own steam. Now it is forced to play defence, on a pitch queered by too many variables, asserts Prem Panicker.
Chhetri and his wife Sonam Bhattacharya were blessed with their son Dhruv in August. Chhetri said that has changed his perspective on life.
A belligerent century from India all-rounder Shivam Dube brought Mumbai back into the contest against Uttar Pradesh.
You pay the mediclaim insurance premium of your brother's policy from your salary. Will you be eligible for tax deduction? Will your bonus and ex gratia be tax exempt?
Union leaders said RIL's bonus offer of Rs 33,000 was not acceptable to them. Last year it was Rs 40,000.
The Indian men's kabaddi team thrashed arch-rival Pakistan 61-14 on Friday to storm into the final of the Asian Games.
Within six months of joining iGate as CEO, Ashok Vemuri will get a performance bonus of $175,000 (about Rs 1.10 crore) for his strategic initiatives, which helped the US-based outsourcer grow revenues by over 10 per cent in the December quarter.
"... All shareholders of Reliance Power except promoters who as per the company's records hold shares as at the end of business hours on June 2, 2008, irrespective of whether such shares were subscribed by the shareholders in the company's IPO or such shares were purchased/acquired from the secondary market or otherwise after th IPO, shall be eligible to receive the bonus shares," the filing said.
Telecom major Vodafone Essar on Monday launched its new bonus card, which will help subscribers send 100 local and national SMS or make local/STD calls for 8 minutes, at a price tag of Rs 4.
There seems no end to suspended Cricket South Africa CEO Gerald Majola, who was questioned by an elite police unit probing possible criminal charges related to the IPL bonuses that were paid to CSA staff after the 2009 edition held in Johannesburg.
IIM-Ahmedabad has written to Flipkart co-founder Binny Bansal on the issue, saying the students felt cheated for no fault of theirs for choosing the company over other brands and will suffer as they have to re-pay their education loans.
According to global consultancy firm Grant Thornton LLP, most of the US companies are planning to reduce the average cost per employee by reducing various components of their employee's benefit and compensation package.
The Nifty IT index rose by 5.14 per cent on Friday (January 12), marking its best performance in a day since July 2020, followed by another 1.9 per cent rally on Monday. With this, the index, which tracks the share prices of India's 10 biggest information technology (IT) services companies, has increased 7.1 per cent in the past two sessions. However, the substantial rally in the index occurred at a time when India's four largest IT companies reported their worst quarterly performance in over five years.
In a move that impacts long-term subscribers of medical insurance policies, leading insurers like Oriental Insurance Company and United India Insurance have stopped no-claim bonus for existing and new policy holders.
David Bedingham said it is a dream to score a hundred in front of friends and family as he owes them a lot.
According to experts in the private equity space in the country, top PE professionals, who draw huge eight-digit salaries at the top levels, have suffered a cut back in their remuneration. Another expert, who tracks the private equity space, said salaries of senior PE professionals had definitely taken a hit due to the fall in deal flows as the bonuses given to them are based on deals and exits from an investment.
The government has also extended duty free import of wheat till December 31, 2007.
Troubled insurance giant American International Group's chairman and chief executive has asked its employees to return at least half of the bonuses paid to them recently, after facing sharp criticism from taxpayers and federal officials against the payments.
G20 finance ministers meet in London on Friday to chart the next steps out of the global economic crisis, with calls to curb bankers' bonuses as part of beefed-up financial market rules topping the agenda.
Citigroup will limit the cash bonuses for its bankers at below $1,00,000 in a move to defuse public uproar over compensation, says a media report.
'There has not been a clear direction on what he's going to do yet, but we are still hopeful. I've always said his bowling would be a bonus, but just look at what he brings with the bat, even in the field.'
Mohit Avasthi ran through the Bengal batting lineup, grabbing seven wickets for 52 runs as Mumbai stormed to an innings and four-run win with a bonus point in their Ranji Trophy Group B match in Kolkata on Sunday.
Trying to keep his and the team's focus away from the mathematical calculations which give India a slight chance at reaching the Asia Cup finals, skipper Virat Kohli said he is solely aiming on a bonus point win against Afghanistan in their last league match.
Saurashtra's veteran left-arm spinner Dharmendrasinh Jadeja bagged his 22nd five-wicket haul as the defending champions scored an innings and 243-run victory against Manipur to move into the Ranji Trophy quarterfinals from Group A in Rajkot on Sunday.
"The Board in its meeting... has considered, approved and recommended a bonus issue of one equity share for every equity share held and a stock dividend of one American Depositary Share (ADS) for every ADS held, as on a record date to be determined," the company said in the regulatory filing.
Skipper Kane Williamson was on Saturday ruled out of New Zealand's next three World Cup matches, including the India game.
So, if ISRO is able to revive them as the Sun rises on the Moon again, information that is derived from experiments that could once again be conducted by the Chandrayaan-3 payloads would be a "bonus".
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