Tata Consultancy Services Ltd on Friday said its shareholders have approved the issue of bonus shares worth up to Rs 48.93 crore (Rs 489.3 million) to be paid in the ratio of 1:1.
The Goldman employees currently receive as much as 75 per cent of their annual bonuses in restricted stocks or options.
If states have to fall in line with MSPs declared by political parties, they will have to do so in violation of central order or bear the full expense of the surplus procured at above MSP rates.
The insurer had received nearly $80 billion last year from the US government to tide over the financial turmoil.
Kylian Mbappe, who had a fallout with PSG last year after refusing to sign a contract extension, is seeking around 55 million euros ($60.73 million) from the French club.
The ruling Mahayuti alliance in Maharashtra is heavily banking upon a six to 10 per cent shift in voters -- mostly women -- in its favour to return to power with anywhere between 160 and 170 assembly seats, say four MLAs belonging to Eknath Shinde's Shiv Sena.
Mukesh Ambani group firm Reliance Industries on Wednesday said it will issue one bonus share for every share held in the company.
Top executives on the board of the country's largest private sector lender, ICICI Bank, did not receive either performance bonus or stock options during the year ended March 2009, according to the bank's annual report.
Shah, the son of India's Home Minister Amit Shah, will have his task cut out as the ICC looks to find an acceptable solution to implement the 'Hybrid Model' for the Champions Trophy originally scheduled in Pakistan.
Citadel: Honey Bunny is a decent watch with an average story, sharp stunts and brilliant music, observes Divya Nair.
Hyundai Motor India Limited's (HMIL's) record Rs 27,870 crore initial public offering (IPO) may not have set the primary market alight with sky-high subscription levels, but it has spelled a windfall for the five investment banks steering the share sale. The Indian arm of the South Korean carmaker paid Rs 493 crore - 1.77 per cent of the issue size - in fees and commissions to the book running lead managers (BRLMs), marking the largest-ever payout for an IPO in the country.
'It shouldn't be that we travel to India and they don't come to our country. Idea is to settle it once and for all on equal terms.'
Nearly 13 years after it last issued bonus shares, India's second largest two-wheeler maker Bajaj Auto on Wednesday said that it is planning a similar move -- for which its board will meet on July 22.
So, will the members discuss the possibility of placing India and Pakistan in different groups in the league stage of the tournament to avoid Men in Blue's travel to the neighbouring country?
Like his countless admirers, Durga Dominic was heartbroken when the incomparable Ustad Zakir Hussain left us to play wonderful concerts in the heavens.
MFs have garnered record assets in the past one year, led by increased investor participation through SIPs and robust returns in mid-cap schemes.
US insurance giant AIG's plan to give massive bonuses of $165 million to its executives has drawn flak from the White House leaders, with President Barack Obama vowing to pursue legal measures to block these payments.
McLaren's Lando Norris dominated the Singapore Grand Prix from start to finish on Sunday to take another chunk out of Max Verstappen's Formula One championship lead.
Every year has its share of duds and turkeys. 2024 was no different except that even the rotten ones are too drab to have any real offence value.
For the full 2016-17, Wipro's profit fell nearly 5 per cent to Rs 8,518 crore while total income grew 7.4 per cent to Rs 57,995 crore compared to the previous fiscal.
The board of Mphasis BFL Ltd has recommended a bonus issue of equity shares in the ratio of one share for every one share held (1:1).
While the outlook is pretty grim, at least compared to last year's $33.2 billion bonanza, compensation consultants expect a 30 per cent to 50 per cent decline in payouts this year, but billions will still flow.
TCS hopes the Rs 2,628-crore (Rs 26.28 billion) bonus to its employees will help contain the high attrition level.
Dynacons Systems & Solutions Ltd's board approved the issue of bonus shares in the ratio 1:1, and fixed February 24 as the record date.
The shareholders of Hikal Ltd have approved the issue of bonus shares in the ratio of one equity share for every two equity shares held.
As public distaste at taxpayer-funded bail-outs has turned to "bonus rage" directed at specific individuals, the fear of physical harm has grown appreciably. For a vilified few, they really are out to get you.
Tata Consultancy Services on Thursday said it will give out one-time bonus to employees that will be cost it Rs 2,628 crore.
The high salary game perhaps made sense when there was an economic boom. Now as a slowdown looms, it makes sense for all companies to take a leaf out of ICICI's book and to do a reality check.
While the maximum bonus will be Rs 130,463, the minimum will be Rs 26,610.
Indian firms across sectors, especially small- and medium ones will see their annual wage bills increase from this financial year since the government has raised the eligibility limit for statutory bonus payments to those who earn Rs 10,000 a month (basic salary and dearness allowance).
Cricket South Africa CEO Gerald Majola has reportedly been allowed to keep his IPL bonus, amounting to about a million rands despite reports that he had handed it back after it led to an inquiry against him.
In a determined bid to salvage Reliance Power's IPO, which received a severe blow on its listing day, group chairman Anil Ambani on Sunday announced three bonus shares for every five held by non-promoter shareholders to bring down the cost of acquisition from Rs 430 to Rs 269.
A round-up of Ranji matches played on Saturday.
With a slew of measures for mutual fund investors, Sebi has regulated that Selling of bonus units in mutual funds before nine months can lead to more tax liability, but it does not apply to stocks. This is because an amendment was made in the Income Tax Act, which prevents tax payers from 'bonus stripping'. This provision mentions that if there is any loss when the investor redeems bonus units in the first nine months the loss will not be considered as part of taxable income.
