Cricket South Africa executives could have been getting 'unauthorised' bonuses even before receiving the controversial payments for hosting IPL's 2009 season currently the subject of an inquiry ordered by Sports Minister Fikile Mbalula, a former CSA Board member has claimed.
The Ecuadorean won the men's 20 km walk on the opening day of the World athletics championships.\n\n
Gujarat NRE Coke Ltd has informed BSE that the Board of Directors at its meeting held on January 18, 2003 has recommended issue of bonus shares in the ratio of 1:2.
The company's 30-person management committee, including chairman and chief executive officer Lloyd Blankfein, chief financial officer David Viniar and leaders of the firm's global and regional divisions, would get bonuses in stocks, which cannot be sold for five years.
Fintech firm One97 Communications, owner of Paytm brand, is laying off an undisclosed number of employees and claimed that it is providing outplacement support for their smooth transition, according to a company statement. Paytm's sales employee headcount in March 2024 quarter dropped by about 3,500 to 36,521 personnel on a quarter-on-quarter basis, mainly due the impact of the Reserve Bank of India's ban on services of Paytm Payments Bank.
Information and Broadcasting Minister Ambika Soni said the Union Cabinet has accepted the proposal of the Ministry of Railways for payment of PLB equivalent to 78 days' wages for 2010-11 for all eligible non-gazetted Railway employees.
Verstappen, who had started alongside Norris on the front row, was leading by lap three and could then build a buffer and take control.
Official sources say scrutiny of returns filed by companies, brokers and individuals active in the stock markets and in possession of shares revealed wide use of this mechanism to evade tax.
Reliance Power (R-Power), which raised over Rs 12,000 crore (Rs 120 billion) in India's biggest initial public offering in January, will consider issuing bonus shares to its shareholders, excluding the promoter group.
Novak Djokovic pocketed a $1.6-million bonus just for turning up on court on Wednesday before making light of recent shoulder pains to beat Croatian Ivan Dodig 6-4, 6-3 in the second round of the Paris Masters.
Ahmed Elgendy took Egypt's first gold medal of the Paris Olympics when he won the men's Modern Pentathlon with a world record 1,555 points, despite slowing at the end, in the grounds of the Palace of Versailles on Saturday.
The churn in investment banks, though less muted than in the heydays of 2007, is gathering speed. "The pent-up desire to move is very high at the moment," says R Suresh, managing director at head hunting firm Stanton Chase.
Rediff.com spoke to registered investment advisors to figure out how best the extra Rs 17,500 saved ever year can be invested to create a decent corpus in the years ahead. This is what they said.
Manjrekar, who has played 37 Tests and 74 ODIs, is one of the most respected cricket analysts and when asked about the legendary duo's future in T20Is post World Cup, he felt that it could be answered by the players themselves or the national chairman of selectors.
The biggest mistake that one can make is to behave like multi-millionaires by either gifting expensive presents or trying to solve other people's financial problems.
It was a proper Test innings, it was of the highest class, and given the circumstances it came in, it was one of the best innings by an Indian batsman in recent memory, applauds Prem Panicker.
You pay the mediclaim insurance premium of your brother's policy from your salary. Will you be eligible for tax deduction? Will your bonus and ex gratia be tax exempt?
A survivalist's mindset sees Indian batsmen fail again on the first day of the SCG Test.
Union leaders said RIL's bonus offer of Rs 33,000 was not acceptable to them. Last year it was Rs 40,000.
"... All shareholders of Reliance Power except promoters who as per the company's records hold shares as at the end of business hours on June 2, 2008, irrespective of whether such shares were subscribed by the shareholders in the company's IPO or such shares were purchased/acquired from the secondary market or otherwise after th IPO, shall be eligible to receive the bonus shares," the filing said.
Purchase health insurance at an early age, before you incur a disease, as this makes access to health insurance difficult and raises the premium significantly.
Within six months of joining iGate as CEO, Ashok Vemuri will get a performance bonus of $175,000 (about Rs 1.10 crore) for his strategic initiatives, which helped the US-based outsourcer grow revenues by over 10 per cent in the December quarter.
Telecom major Vodafone Essar on Monday launched its new bonus card, which will help subscribers send 100 local and national SMS or make local/STD calls for 8 minutes, at a price tag of Rs 4.
Two films arrived at theatres -- Bollywood's Srikanth and Hollywood's Kingdom of the Planet of the Apes -- and have managed to attract footfalls in theatres.
Shares of brokerages and market infrastructure institutions (MIIs) witnessed heavy selling pressure following the Securities and Exchange Board of India's (Sebi's) pivot to a uniform fee structure, which analysts fear could dent revenues. Discount brokerages, which currently benefit from a spread between client charges and exchange fees, are expected to be most affected. Shares of Angel One, the third-largest brokerage by active clients, fell 8.7 per cent. Groww and Zerodha, the largest brokerages, are not publicly listed.
Airline to deploy around 50 planes in the next seven months
According to global consultancy firm Grant Thornton LLP, most of the US companies are planning to reduce the average cost per employee by reducing various components of their employee's benefit and compensation package.
There seems no end to suspended Cricket South Africa CEO Gerald Majola, who was questioned by an elite police unit probing possible criminal charges related to the IPL bonuses that were paid to CSA staff after the 2009 edition held in Johannesburg.
In a move that impacts long-term subscribers of medical insurance policies, leading insurers like Oriental Insurance Company and United India Insurance have stopped no-claim bonus for existing and new policy holders.
The government has also extended duty free import of wheat till December 31, 2007.
According to experts in the private equity space in the country, top PE professionals, who draw huge eight-digit salaries at the top levels, have suffered a cut back in their remuneration. Another expert, who tracks the private equity space, said salaries of senior PE professionals had definitely taken a hit due to the fall in deal flows as the bonuses given to them are based on deals and exits from an investment.
France captain Kylian Mbappe will join La Liga giants Real Madrid when his contract with Paris St Germain finishes at the end of the season, Le Parisien and ESPN reported on Saturday.
Troubled insurance giant American International Group's chairman and chief executive has asked its employees to return at least half of the bonuses paid to them recently, after facing sharp criticism from taxpayers and federal officials against the payments.
G20 finance ministers meet in London on Friday to chart the next steps out of the global economic crisis, with calls to curb bankers' bonuses as part of beefed-up financial market rules topping the agenda.
IIM-Ahmedabad has written to Flipkart co-founder Binny Bansal on the issue, saying the students felt cheated for no fault of theirs for choosing the company over other brands and will suffer as they have to re-pay their education loans.
Citigroup will limit the cash bonuses for its bankers at below $1,00,000 in a move to defuse public uproar over compensation, says a media report.
Although his sport soon fully embraced professionalism, the Olympics has remained free from prize money, though athletes in many sports can expect hefty bonuses from sponsors for triumphing in the biggest shop window of all.
Delhi-based Shubham Chakraborty, 32, a management graduate from XLRI, Jamshedpur, tells us how he fought anxiety and stress due to poor workplace management.
Pratham Barot, CEO and co-founder, Zell Education, explains how specialised courses in finance can help you earn a cushy six-figure salary.
