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.
Wipro's new CEO Srinivas Pallia will receive an annual remuneration of up to $6 million (about Rs 50 crore), according to a regulatory filing by the Bengaluru-headquartered IT company. Earlier in April, Wipro announced the appointment of Pallia as its new CEO and MD, following the sudden resignation of Thierry Delaporte. Delaporte's annual salary of over Rs 80 crore at Wipro had made headlines last year.
Ram Charan and Janhvi Kapoor will come together in a film, tentatively titled RC 16.
"The 'red bag' belonged to one of the hijackers, it contained explosives, and possibly, real passports, too.
Pakistan's on-field performances not affected by frequent changes in PCB, says acting chairman
Former India pacer Zaheer Khan on Wednesday assumed the role of Lucknow Super Giants team mentor.
A passenger on a New York-New Delhi American Airlines flight allegedly urinated on a fellow male passenger in a drunken state, sources said on Sunday.
The crime investigation department, probing the Protection of Children from Sexual Offences Act case against Yediyurappa, had earlier summoned him for questioning.
Bandhan Bank's managing director (MD) and chief executive officer (CEO) Chandra Shekhar Ghosh (pictured), who has decided to step down, on Wednesday said the bank will need at least three months to identify his successor. He has also written to his employees, asking them "not to worry" over his surprise decision. "Whatever, our experience in the earlier selections, when we selected two executive directors on the basis of that experience we need a minimum three months of time for selection of candidates and then it will go to RBI and then whatever is the time taken by RBI for approval," Ghosh said.
The top court took note of the submissions of some aspirants that a question related to an "atom" and its characteristics had two correct answers and a set of examinees, who gave one particular answer out of the two correct ones, were awarded four marks.
The batting great, last month, accepted BCCI's offer to take over from Rahul Dravid at Bengaluru.
A 54-year-old woman who accused senior Bharatiya Janata Party leader B S Yediyurappa of allegedly sexually abusing her 17-year-old daughter died at a private hospital in Bengaluru due to lung cancer, police said on Monday.
'He told me he was very happy to see the realistic portrayal of the cockpit too.' 'His wife told me that I carried the same kind of personality as her husband in my performance.'
Mauritius-based Hinduja group firm IndusInd International Holdings (IIHL) has informed the administrator of Reliance Capital that it is ready with its equity contribution of Rs 2,750 crore in cash to acquire the bankrupt firm, but it wants certain conditions to be met in accordance with the resolution plan before transferring the amount. IIHL has also filed an application with the Mumbai Bench of the National Company Law Tribunal (NCLT), seeking directions for the administrator and the committee of creditors (CoC) to complete all pending activities to close the transaction and not let the lenders invoke the bank guarantees provided by the firm earlier.
Sebi on Friday barred fugitive businessman Vijay Mallya from the securities markets and restrained him from associating with any listed firm for three years in the matter of routing of funds to the Indian securities market using overseas bank accounts with UBS AG. The Indian government has been attempting to extradite Mallya from the United Kingdom to face fraud charges related to his now-defunct company Kingfisher Airlines. Mallya has been living in the United Kingdom since March 2016.
WHO has urged people at risk to keep up with their vaccinations with boosters.
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