Earlier this month, Sobha Kapoor and Ekta Kapoor, part of the promoter group of Balaji Telefilms, faced shareholder ire when they failed to obtain the requisite votes on resolutions proposing pay increases for them. In recent months, several promoter-directors, including Siddharth Lal of Eicher Motors and Pawan Munjal of Hero MotoCorp, have faced similar situations. Clearly, large institutional shareholders - and public shareholders - are not taking kindly to promoter-directors upping their remuneration takeaways at a time when the prospects of business recovery are clouded by the anticipated third wave of the Covid-19 pandemic.
This is reportedly the first time that the names recommended by a search committee have been shot down by the HRD ministry
Industry watchers attribute a lot of the current successes of the $6 billion Hero Group to how B M Munjal planned and executed succession in HeroCorp, balancing the interests of other family-owned businesses.
Two-wheeler manufacturing giant Hero Motocorp Limited announced its association with the Junior Hockey World Cup, to be held next month, as the title sponsor.
Can it take Hero Impulse's legacy to the next level? Can it rival Royal Enfield's Himalayan?
'What volumes will we have with a Rs 1 lakh product?' 'As a company, we will not restrict it to a segment.'
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
Ace golfer Gaganjeet Bhullar has won the best pro award at the Take Solutions India Golf Awards held recently at a city hotel in Gurgaon.
In Friday's market rally post the corporate tax cut, the country's top business promoters recouped more than two-thirds of the losses that they suffered in the post-Budget sell-off in equity markets.
The WEF meeting is crucial because of its theme encompassing globalisation at the time of rising nationalism and trade war, and the fourth industrial revolution due to rapid strides being made in robotics and artificial intelligence.
Hero Sure helps the customer get the best price for his vehicle on the basis of a transparent evaluation process.
Auto sector cheers RBI rate cut as 'festival gift'
Flipkart co-founders Sachin Bansal and Binny Bansal, who were ranked 86th last year dropped out of the list
The combined networth of India's 100 wealthiest is $381 billion (nearly Rs 25.5 lakh crore), a rise of 10 per cent from $ 345 billion in 2015
India's cash-rich promoters are not the same as the wealthiest. For example, Mukesh Ambani is the richest Indian based on his stake in Reliance Industries, followed by Premji, the Adani family of the Adani group, and Radhakishan Damani of Avenue Supermarts.
Sachin Tendulkar, Virat Kohli, Katrina Kaif, Ranbir Kapoor and Alia Bhat all turned up at the 13th edition of the gala car fair.
The Hinduja Group, Mukesh Ambani, Murugappa, and the Adani groups were the other gainers in the Modi regime, while Naveen Jindal and Sun Pharma groups saw the most erosion in their m-cap in the last five years, reports Krishna Kant.
Hero MotoCorp sold 254,813 Splendors, about 4,000 more than the 250,681 Activas sold by its rival Honda Motorcycles and Scooters India.
Top 100 billionaires see their wealth rise 10%; top 20 account for half of total wealth of top 100.
Sunil Munjal will pursue new business interests and lead Hero Corporate Services as its chairman.
Shiv Kapur, who could be one of the lucky few to get a chance to play with Tiger Woods on his private visit to India, feels the World's No. 1 golfer's coming to the country would make a huge impact.
Though Mistry does not make it to the club of the top 10 highest paid India Inc leaders, he will be among the next 10.
Govt may not announce any new concessions in excise duty
The company's operations are slated to commence in Burkina Faso and Ivory Coast next week.
It expects to sort out the issue at the Gurgaon plant 'very quickly'.
Lauding India's presence in the world of golf, Tiger Woods today said that Anirban Lahiri can make the game 'explode' in the Indian market by winning a medal in the 2016 Rio Olympics.
Media tycoon Kalanithi Maran and his wife Kavery Kalanithi have retained the top two slots among the highly paid executives in the country.
A century-old European bicycle brand gets a makeover under its new Indian owner. But is there room for yet another premium commuter bike?
In peace and at war, firms remain tethered to promoter families in a uniquely Indian way.
Anirban Lahiri is going the full distance in terms of preparation and soaking in the atmosphere as he plays the pre-event traditional Par-3 which opens the official action at the Masters each year.
India's two-wheeler giant, the Hero Group, has signed American golf legend Tiger Woods as its brand ambassador in a four-year deal that targets capturing new markets in North America and Europe.
With more firms now offering stock options to their chief executives, the salaries of these managers are sky-rocketing.
'All is forgiven dear Tiger, wear your red shirt on day four and come back home to the Winner's Circle now.'
Second body blow after diesel ban on engines of 2,000 cc and above in NCR.
Hero today sells its products in 19 countries across Asia, South and Central America and Africa.
Jaitley's Budget has the potential to change the face of Modi's Bharat
Pakistani Prime Minister Nawaz Sharif has cancelled his visit to WEF annual meeting after a deadly Taliban attack in his country.
The annual talk-fest of rich and powerful from across the world in snow-laden Alpine resort town of Davos will be attended by nearly 40 heads of government among more than 2,500 global leaders from over 100 countries.
The analysis covers BSE 200 Index's 171 companies for which data on the compensation to the boards of directors for FY14 and FY13 are available.
Besides reviving investor sentiments, Vasundhara Raje's regime has brought reforms in the social sector.
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