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.
'We sent just 500 people from India to the US on H-1B visas. There is no dependence on H-1B visas.'
'The heat shield technology for re-entry vehicles was first mastered in DRDO for the Agni missile.' 'This is why the Americans were so opposed to Agni in the 1980s, unlike other missiles -- it was a re-entry vehicle.'
Indian delegation meets IOC officials for dialogue on hosting future Olympics
The National Sports Governance Bill has become an Act after President Droupadi Murmu gave her assent to the landmark legislation that promises to revamp India's sports administration.
'We have already said that our judgment is only in the interregnum till the Act comes into play. These small things could have been easily taken care of. Anyway, we will seek the views of Justice Rao and issue a clarification.'
Several executives argue that UPI has the potential to grow tenfold, but warn that the absence of a monetisation model risks stagnating the real-time payments system, which has been recording all-time-high transaction volumes every year.
PCB unfortunately didn't have solid support from other members on the executive board and even the ICC management didn't give them the respect they deserved.
The boardrooms of India's large listed companies are steadily expanding as corporate governance standards tighten and regulatory compliance rises. Boards of Nifty 100 companies boasted an average of 10.52 members as of FY24, compared to 9.86 in FY21 and 10.48 in FY23, according to the fifth edition of Excellence Enablers' Survey on Corporate Governance, an initiative led by M Damodaran, former chairman of the Securities and Exchange Board of India (Sebi).
Pakistan on Friday said that the X account of its ministry of economic affairs was hacked and an appeal was posted on it for more international loans to meet the 'heavy losses' caused by the current tensions with India.
'We need to get a better share of the pie because we were the cash cows for a long time.'
German technology major SAP views India as the fastest growing market, where it plans to embark on an aggressive hiring spree, a top company executive said on Wednesday. "India is among the top 10 markets for SAP and growing fastest. We will continue to invest in India. "We are expanding our campus to accommodate 15,000 more people.
'You told me to give revs on the ball. I decided to give the ball some spin and get some bounce. Because of that, I got three wickets, you got two.'
Priya Nair will become the first woman CEO and MD of Hindustan Unilever Ltd (HUL) effective August 1, 2025, with India's largest FMCG firm announcing her appointment on Thursday. Nair, currently president, Beauty & Wellbeing, Unilever, has been appointed for a period of five years.
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.
The Securities and Exchange Board of India (Sebi) has barred Dewan Housing Finance Corporation Ltd's (DHFL) former promoters Kapil and Dheeraj Wadhawan for five years from the securities market for alleged diversion of funds. They have also been barred from holding any key position in a listed company.
In a big boost to tycoon Gautam Adani, markets regulator Sebi on Thursday cleared the billionaire and his group of stock manipulation allegations made by US short-seller Hindenburg Research, saying fund transfer between group companies did not fall foul of any regulation.
The Supreme Court has upheld the deletion of the 'waqf by user' provision in the amended waqf law, stating it is not arbitrary and addresses potential misuse.
Romance may be personal, but when it enters the workplace, particularly in reporting hierarchies, it becomes a matter of governance.
World Boxing said Paris Olympics gold medallist Imane Khelif will not be allowed to compete until she undergoes a mandatory sex test.
'Crude oil prices are around $66-67 per barrel now but could fall to $55-60 if global disturbances ease.'
'The US slump could hit our hosiery market hard since 40 per cent of our exports go there.' 'Job losses could be severe if the government doesn't step in fast.'
'The scale and depth of talent here plays a central role in core software product engineering for some of the biggest brands in tech.'
A 52-year-old government school teacher from Indore, who is suffering from an excruciating bone disorder that has confined her to a wheelchair, has sought President Droupadi Murmu's permission to undergo euthanasia.
'MIB which is a part of retail, will grow in the range of 20 per cent.'
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
Fast-moving consumer goods (FMCG) companies, retail firms, and producers of consumer durables are witnessing stable urban demand. However, people in the trade are waiting for clearer signs of revival closer to the festival season, starting in September.
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.
'This marks a turning point for Paytm, with the regulatory environment looking much clearer than it has been in the last two years.'
'The name on the Honours board feels good. It is something I can tell my son about when he is grown up.'
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.
The Supreme Court has ordered the release of Sukhdev Yadav, convicted in the 2002 Nitish Katara murder case, citing completion of his 20-year sentence. The court questioned the Sentence Review Board's rejection of his remission plea.
In what can be construed as a relief to the BCCI, the Sports Ministry has amended the RTI-related provision of the National Sports Governance Bill, placing only those bodies under its ambit which rely on government grants and assistance.
India, Australia and England are likely to be joined by South Africa, New Zealand and Sri Lanka in the top division, while Pakistan, the West Indies, Zimbabwe, Bangladesh, Afghanistan and Ireland will be placed in the second division.
Bach, an Olympic fencing champion in 1976, steps down from his post this year after 12 years in charge. He will hand over on June 23 to the new president, to be elected on March 20.
'Such stocks may be useful for aggressive portfolios, but should not be part of the core holdings.'
The National Sports Governance Bill was on Tuesday passed by the Parliament with Rajya Sabha giving its nod a mere 24 hours after Lok Sabha.
A Monorail train in Mumbai halted due to a power failure amid heavy rains, stranding approximately 200 passengers. Rescue operations were conducted, and an inquiry has been ordered into the incident.
The government has reshuffled the board of IL&FS Ltd, which is undergoing debt resolution process, with existing board member C S Rajan being redesignated as the non-executive chairman. Nand Kishore, who was serving as an executive director, has been made the managing director, according to the company. In the wake of financial misdoings coming to light, the corporate affairs ministry had superseded the board of IL&FS in October 2018.
'The world now realises that semiconductors are not just important for national security, but also for economic prosperity.'
