Asia's richest man Mukesh Ambani drew nil salary from his oil-to-telecom-and-retail conglomerate Reliance Industries for the fifth year in a row and dividends remain his main source of earnings. Ambani, 68, had capped his annual remuneration at Rs 15 crore from financial year 2008-09 (April 2008 to March 2009) to 2019-20 (FY20); and since FY21, he opted to forego his salary, due to COVID-19 pandemic, until the company and all its businesses were fully back to their earnings potential.
Sridhar Kalyanasundaram, an independent director of private sector lender Dhanlaxmi Bank, has resigned from the board with effect from September 16. In his resignation letter, Kalyanasundaram has raised issues like factionalism in the board, his differences regarding rights issue and the alleged 'lack of in depth banking knowledge' in other members. This comes after Ravindran Pillai, head of RP Group, who holds 9.99 per cent stake in the bank (largest shareholder), came out with a special notice for removal of Kalyanasundaram.
'He was always a people's person. Don't forget he had been a Delhi captain in a team that had a lot of big stars, India players. They played under him and he managed them fairly well.'
An irate Mohsin Naqvi ordered Usman Walha's removal 'for the embarrassment caused to the national cricket team and its captain.'
Entities controlled by governments - sovereign wealth funds, and pension funds - have recorded higher growth in equity assets under custody compared to other foreign portfolio investors (FPIs) over the past five years.
The wife of a Haryana Police officer who allegedly died by suicide has claimed his death was the result of 'systematic persecution' by high-ranking officers and has filed a complaint requesting an FIR be registered.
By 10 am, Rakshit N Jagdale is already deep into the rhythm of the day, which promises to be a carousel of meetings, calls, and strategic decisions. As managing director of Amrut Distilleries, he balances ritual and ambition, tradition and transformation, like many other legacy players in India's alcoholic beverages sector who are staring at a rosy future.
An Air India flight bound for Indore made an emergency landing in Delhi after a fire indication in one of its engines. All passengers are safe and being transferred to another aircraft.
Pakistan withdrew its pullout threat and showed up for a crucial Asia Cup game against the UAE in Dubai on Wednesday but not before causing a delay.
The FBI has arrested Cindy Rodriguez Singh, a woman on the agency's '10 Most Wanted Fugitive' list, accused of killing her six-year-old son and fleeing to India to evade prosecution.
ICC chairperson Jay Shah has been inducted into the newly formed World Cricket Connects Advisory Board, an independent group that will discuss the future of cricket at the Lord's on June 7 and 8.
The aircraft, later, flew to Guwahati after an improvement in the weather conditions in Guwahati, said KC Meena, the director of the Maharaja Bir Bikram (MBB) Airport at Agartala.
Pycroft's decision has not been seen by ICC as a breach of any code of conduct, but as an action he was authorised to take in his remit as a match official deputed to manage the game.
'High taxes have kept away art collectors who will now embrace the new GST.'
'I have more time in Bengaluru to write, away from the film industry in Mumbai that always pulls me down and makes me frustrated.'
The film's director Lokesh Kanagaraj and producer Kalanithi Maran took a collective decision to add a...
During a visit to the UK, former US President Donald Trump reiterated his claim of intervening to resolve a conflict between India and Pakistan, linking it to trade negotiations. He also discussed tariffs on India for buying Russian oil and the Russia-Ukraine conflict.
'This marks a turning point for Paytm, with the regulatory environment looking much clearer than it has been in the last two years.'
In her letter to the Sona BLW board, Rani Kapur said documents executed by her at a time of "mental and emotional vulnerability" were being misused.
According to CBSE officials, an expert committee will be formed and a content development agency may be engaged to ensure updated textbooks are ready for the next academic session.
India's real estate investment trust (Reit) sector is set for robust expansion, with at least one new Reit expected to enter the market each year over the next three-five years. This growth trajectory builds on rising occupancies, surging leasing activity, and increasing investor interest.
Despite the threat of a pull-out over the fiasco involving match-referee Andy Pycroft, it is understood that PCB is trying to work out a respectable solution by which Pycroft doesn't officiate in their matches.
A former West Indies Cricket Board (WICB) director has said that the once-formidable Windies can completely lose its credibility and disintegrate ten years from now due to its constant failure at the international level.
The Income Tax department is working on simplified I-T forms and aims to notify new rules by December-end to give effect to the new I-T Act, which will come into force from April 1 next year, a senior tax official said on Monday.
Maharashtra has topped the list of states with the most favourable ecosystem for the growth of Farmer Producer Organisations (FPOs), replacing Madhya Pradesh, which has slipped to second place, according to the latest Ease of Doing Business for FPOs (EoDBF) ranking.
Romance may be personal, but when it enters the workplace, particularly in reporting hierarchies, it becomes a matter of governance.
IOC resumes funding to IOA after "corrective measures" to resolve disputes and governance issues
'What is it about the institution of faith that makes somebody get a sense of impunity, that they believe they can get away with anything?'
Nottingham Forest, who finished seventh in the Premier League last season, will replace Palace in the Europa League.
A case was registered against Infosys co-founder Senapathy Kris Gopalakrishnan, former IISc Director Balaram and 16 others under the Prevention of SC/ST Atrocities Act. The case was filed based on the directions of the 71st city civil and session court (CCH). The complainant, Durgappa, who belongs to the tribal Bovi community, alleged that he was falsely implicated in a honey trap case and dismissed from service in 2014. He further claimed he was subjected to casteist abuse and threats.
Indications are that the Tata Sons stand on listing of the company may come up for a discussion even if it's not part of the agenda
'Such stocks may be useful for aggressive portfolios, but should not be part of the core holdings.'
Investors may wait for six months and then take another look at the stock.
The glittering event saw Smriti take home the coveted crown, while Vaishnavi Lohni and Aanchal Pharswan were declared first and second runners-up respectively.
The Supreme Court on Tuesday cancelled bail granted to former DHFL promoter Dheeraj Wadhawan in the multi-crore bank loan scam case. A bench of Justices Sanjay Kumar and Satish Chandra Sharma passed the order after perusing the report filed by a medical board and directed Wadhawan to surrender within two weeks.
The fact that Gor has President Trump's ear makes him an extremely valuable commodity for India -- he represents both a challenge and an opportunity, points out Aditi Phadnis.
Lord Paul, founder of the UK-based Caparo Group of industries, had been taken ill and hospitalised recently, where he passed away surrounded by members of his family.
Kolkata Police stopped the trailer launch of 'The Bengal Files', a film based on the 1946 Calcutta Riots, its director Vivek Agnihotri claimed, sparking controversy and allegations of censorship.
Consumer durables makers are hopeful that the government's proposal to reduce goods and services tax (GST) on air conditioners and television panels above 32 inches to 18 per cent would help revive the sector.
MFs offer scale, simplicity, liquidity, and tax efficiency, and are an excellent vehicle for disciplined SIP investing. PMS is better suited for larger portfolios with equity allocation of Rs 3 crore to Rs 5 crore.
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