Rishad Premji, chairman of IT services major Wipro, saw his compensation for FY23 decline by almost 50 per cent year-on-year, due to a fall in the firm's profit. According to the Form 20-F, filed with the US Securities and Exchange Commission by Wipro, Premji's compensation for FY23 was $951,353, down 50 per cent from $1,819,022 in FY22. "Rishad A Premji is entitled to a commission at the rate of 0.35 per cent on incremental consolidated net profits of Wipro Limited over the previous fiscal year. However, in light of the fact that the incremental consolidated net profits for fiscal year 2023 was negative, the Company determined that no commission was payable for fiscal year 2023 to Mr Rishad A. Premji," said the company in the filing.
With commodity markets remaining soft and uncertain, it is likely the money will flow into equity markets with strong upsides, such as India.
Nita and Mukesh Ambani's youngest son Anant got engaged to Radhika Merchant on January 19, and the occasion called for a celebration on a grand scale.
The judge noted that according to the Investigating Officer (IO), Khanna had in his statement to the police said that accused Deepak was driving the vehicle.
Macroeconomic data announcements, the Covid situation in China and global market cues would guide Dalal Street in the first week of trading in the New Year, analysts said. Markets would also keep a track on rupee movement, Brent crude oil prices and foreign fund investment trends. "As market players attempt to understand the Fed's stance, Indian markets may respond in lockstep with their international counterparts when the Federal Open Market Committee (FOMC) minutes are made public later this week.
Varun Dhawan's family and friends return to Mumbai after the wedding.
With markets expected to remain volatile, promoters and lenders exposed to the industrials and materials space can face brunt of the price erosion of the pledged shares.
Varun Dhawan shows off his new film JugJugg Jeeyo to his family and friends from the industry.
The entire operation was meant to have a chilling effect on independent journalists, those not completely subservient to the regime, the small section still doing what the Fourth Estate should do -- raising questions to those in power.
The Adani group will have understood the fragility of investor trust in the group. The group needs to improve transparency including in areas like share-ownership (which they have long and mistakenly believed can be side-stepped) and related-party transactions, among others, Amit Tandon and Hetal Dalal point out.
Hours after making the statement, the Haryana agriculture minister said he has seen "twisted" statements, attributed to him, on social media.
Vote bank politics cannot be above protecting the sanctity of girls and women, he said virtually launching the campaign for the 2024 Lok Sabha election at Chaibasa, about 150 km from in Chaibasa.
Ayushmann Khurrana and his wife Tahira Kashyap threw the the first party of the festive season.
Many films and shows go back in time to bring alive so many fading and forgotten memories.
The rise in India Inc's market value was led by asset-light firms.
Even as most of its large-cap pharmaceutical peers have struggled to stay above water on the returns front, Zydus Lifesciences has been one of the big outperformers within the sector over the past year with a return of over 30 per cent. The gains have come on the back of multiple triggers such as the scaling up of new product launches in the US market, clearance for its Moraiya (Gujarat) facility and steady performance in the domestic market. Though it has been the top pharma gainer in the 2022-23 financial year (FY23), brokerages continue to maintain their 'buy' stance, given the strong visibility in the US market.
Rediff readers tell us how they are celebrating Ganeshotsav this year.
Varun Dhawan is all set to marry long-time girlfriend Natasha Dalal on Sunday, January 24.
For security reasons, Karan will not party at a high-end hotel. That was the original game-plan, nixed by his security detail.
Akshay Kumar invited his friends from the film industry to watch Raksha Bandhan.
After an intimate wedding on January 24, Varun Dhawan and his bride Natasha Dalal made their way back to Mumbai by boat.
Inflation data, both at domestic and global level, interest rate scenario in the US, geopolitical situation and general elections in 2024 are some of the major factors that would influence trading in the equity market this financial year, analysts said. Besides, foreign fund trading activity and global trends will also dictate terms in the equity market going ahead. Equity markets across the globe faced major challenges in FY23 due to concerns over high inflation, which resulted in increase in interest rates around the world, lowering investor sentiment, experts added.
Demand among several pre-Budget representation by BSE Brokers' forum
Varun Dhawan and his family stepped out to celebrate his girlfriend Natasha Dalal's father's birthday in Mumbai.
Kriti Sanon takes a leaf out of Ayushmann Khurrana's diary and hosts a Diwali party of her own!
The accused told about their dilemma during their interrogation with the Delhi Police, however, the police say that there is a contradiction in their statements, so every angle is being investigated closely.
The same set of companies had reported 3.8 per cent annual net profit growth in the previous quarter and 7.5 per cent annual growth in the same quarter last financial year.
Many Bollywood couples celebrated their first Karva Chauth this year.
Ratan Tata, Chairman Emeritus of the Tata Group, on Sunday said ace investor Rakesh Jhunjhunwala will always be remembered for his acute understanding of the markets as well as for his jovial personality, kindness, and foresightedness. Jhunjhunwala, often referred to as 'India's Warren Buffett', passed away here Sunday morning due to a cardiac arrest. He was 62. Jhunjhunwala had investments in more than three dozen companies, the most valuable being watch and jewellery maker Titan, part of the Tata conglomerate.
One special screening isn't enough for Alia Bhatt's debut production Darlings, so the star organised another one for her friends from the industry.
The hour-long episodes lurch from adrenaline-pumping to yawn-inducing, observes Deepa Gahlot.
The NSE Nifty finally ended at a fresh 2009 closing high of 5172 - up 34 points.
Singh's family members, who have been staying with a relative since her death, were informed about the theft by their neighbours on Monday morning, they said.
India's largest listed pharmaceutical (pharma) company - Sun Pharmaceutical Industries (Sun Pharma) - is expected to maintain its outperformance vis--vis the sector's, as its multiple bets on specialty products, improving product mix, recent acquisitions, and branded business are finding favour with brokerages. While it has gained 7 per cent over the past year, the Nifty Pharma Index is down 13.6 per cent. Its outperformance over two years has been fairly evident, with the market leader gaining 66 per cent to Nifty Pharma's minus 1.4 per cent.
Why settle for $400-500 million when you can make a billion or even more? That, in a nutshell, is why Krishna Kumar, 43, and Kashyap Dalal, 40, co-founders of Bengaluru-based edtech firm Simplilearn, one of the big players in the segment, sold a 51 per cent stake to Blackstone instead of selling 100 per cent as close competitor and rival Great Learning chose to do.
Kartik's enjoying Europe... Mouni beats the mid-week blues... Ananya has something to share...
Former World No 1 Deepika Kumari, who was making a comeback after her maternity break, on Monday failed to make the Indian team for the Asian Games, World Cup and World Championships slated later this year.
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