The report concluded that she failed to discharge her fiduciary functions to rescue herself to avoid any conflict of interest.
Like their international peers, Indian CEOs too have a significant portion of their incomes coming from stock options and performance-linked bonuses
Satyam Computer Services Ltd on Friday posted a 35.96 per cent rise in net profit at Rs 289.90 crore (Rs 2.9 billion)
Tennis Grand Slam champions Serena, Osaka and Kerber are top 3 in the famed list
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The Bombay high court on Thursday dismissed a petition filed by Chanda Kochhar against her termination as the managing director and chief executive officer of ICICI Bank A division bench of Justices N M Jamdar and M S Karnik accepted the bank's contention that Kochhar's petition was not maintainable as the dispute was contractual and concerns a private body.
Lewis Hamilton, who started on pole position in Sochi hoping for a 91st Formula One victory to equal Ferrari great Michael Schumacher's all-time record, finished third behind Red Bull's Max Verstappen.
Former Australia bowling ace Glenn McGrath says it will be tougher to bowl to Steve Smith once he gets a start.
He said companies with a good strategy, technology, capital, liquidity and a motivated team will emerge as winners after the crisis.
Ben Stokes' participation in the Ashes would be an "absolute bonus" but England are preparing contingency plans after writing off the all-rounder for the series, coach Trevor Bayliss said.
Issues Rs 358 crore interim dividend, 1:10 bonus and 10:1 split
Reflecting the differences with elder brother Mukesh on buyback of shares by flagship company Reliance Industries, Anil Ambani on Wednesday said he had proposed that 12 per cent equity in RIL held by the Petroleum Trust and four companies be distribu
Don Mattrick helped turn the Xbox business into a profitable venture after years of operating losses.
ATP tournaments incurred losses of between $60 and $80 million last year, hurt by last-minute cancellations
Images from Day 9 of the 2022 Australian Open, at Melbourne Park, on Tuesday.
Interestingly, in March 2018, the same board of ICICI Bank had given a clean chit to Kochhar with full-backing and had said there was no question of favouritism, nepotism or conflicts of interest on her part in granting loans to Videocon Industries or any other company.
Will the beard continue to be in vogue once WFH wraps up? asks Sandeep Goyal.
Exposure to debt funds and gold is essential even if current returns from these asset classes are low, suggests Sanjay Kumar Singh.
Shafali smashed 96 in the first innings and made 63 in the second innings, to become the youngest woman and fourth overall to score twin half-centuries in her debut Test
The paper seems to be suggesting strongly that the tight target range be maintained even as the central bank is all set to miss the target range for three consecutive quarters because of the Covid crisis.
Plans to offer up to 10% of project cost as bonus to highway contractors, compared to 5% at present
The annual earnings of a non-executive chairman of a PSB is capped at Rs 10 lakh, inclusive of fees for attending board meetings. This is way below the compensation of the chairman of any private bank, reveals Tamal Bandyopadhyay.
Spain players to get big monetary boost if they win WC
Companies in India are expected to dole out an average increment of 7.3 per cent to employees this year amid faster-than-expected economic recovery and revival in business and consumer confidence, according to a survey. The first phase of the 2021 Workforce and Increment Trends Survey by Deloitte Touche Tohmatsu India LLP (DTTILLP) also said the average increment this year will be higher than 4.4 per cent seen in 2020 but lower than 8.6 per cent given by companies in 2019. As many as 92 per cent companies that participated in the survey plan to give an increment in 2021 compared to only 60 per cent last year.
The regulator said if the variable pay is up to 200 per cent of the fixed pay, at least 50 per cent of it should be in non-cash, and if the variable pay is above 200 per cent, 67 per cent of it should be paid via non-cash instruments.
If Sebi and RBI remain quiet about this brazenly illegal activity, will someone in the finance ministry or the NITI Aayog take a closer look, asks Debashis Basu.
Cricket Australia has been in a financial mess since the outbreak of the coronavirus pandemic.
For new customers, the insurer has reduced the waiting period from 30 days to 15 for Covid-related claims with no increase in premium.
RBI proposed that at least half of the compensation of a CEO should be variable. It also said that stock options should be part of the variable pay, against the extant practice of keeping it beyond and above the scope of the official compensation package.
Sharath Kamal and Manika Batra became the first Indian pairing to qualify for the mega event in Tokyo, beating World No. 8 duo of Sang-Su Lee and Jihee Jeon 4-2 in the final of the Asian Qualification Tournament in Doha.
Corus Group chairman Jim Leng will receive an addition payment of pound 750,000 (Rs 6.41 crore) for turning around the Anglo-Dutch steel maker in the past two years.
In FY16, Infosys had 48 employees in India who were paid more than Rs 1 crore in annual compensation, as compared to 111 in FY15.
For the vehicle-owner, the overall cost of buying a car can go up by 2% to 3$%. For two-wheelers, the cost can rise by 1% to 1.5%
There is no reason for a child with no dependents to have insurance because insurance is put in place to provide for the child in the event of a parent's untimely death and not the other way around, says Amar Pandit.
IITs anticipate COVID-19 restrictions to impact international offers being extended by global recruiters.
The first and most important check you must run is to see if you have adequate life cover.
Chanda Kochhar, the high-profile ex-banker had on November 30 moved the Bombay high court challenging "termination" of her employment by ICICI Bank which also denied her remuneration and clawed back all the bonuses and stock options between April 2009 and March 2018 for her alleged role in granting out of turn loans worth Rs 3,250 crore to the Videocon Group which benefitted her husband Deepak Kochhar. A division Bench of justices Ranjit More and SP Tavade allowed her to implead RBI and directed the apex bank to file its reply by December 16.
FIFA's Sepp Blatter may have been banned for eight years from the game but he is still receiving his president's salary from world soccer's governing body, a spokesman for FIFA's Audit and Compliance Committee told Reuters on Monday.
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So far, RBI was granting Indian companies to issue non-convertible or redeemable preference shares or debentures to non-resident shareholders on a case-to-case basis.
'Why did government not include a provision in the bills which categorically stated that no crop will be sold below the MSP in the open market?'
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