Wipro Chief Executive Officer Thierry Delaporte drew a pay package of $8.7 million (around Rs 64.3 crore) in the financial year 2020-21, according to a regulatory filing. Delaporte's compensation is for the period from July 6, 2020, to March 31, 2021, and includes components such as a one-time cash award, annual stock grant and one-time grant of RSUs (restricted stock units). The former Capgemini executive had joined the Bengaluru-headquartered Wipro as its chief executive officer and managing director on July 6, succeeding Abidali Neemuchwala.
'We expect the new government to look into the issue of penalties imposed on technology firms involved in UID related projects.'
Ahead of the first meeting of the top decision-making body in nearly eight months, finance ministers of eight states ruled by non-Bharatiya Janata Party and like-minded parties -- Rajasthan, Punjab, Chhattisgarh, Tamil Nadu, Maharashtra, Jharkhand, Kerala and West Bengal -- have devised a joint strategy to press for a zero tax rate on Covid essentials, sources said.
Companies today are taking a very fashionable way to reduce their workforce. Instead of the outright firing of employees, an alternative approach that some companies are using is the passive-aggressive method which is both deliberate and accidental, points out corporate lawyer Ishanee Sharma.
The Covid winter seems to be finally ending for debt-oriented mutual fund (MF) schemes as interest rates peak, especially for those that invest in shorter-maturity papers. In the past two months, shorter-horizon debt schemes - ultra-short, low-duration, and money-market - have together raked in net inflows of Rs 48,000 crore, the highest for two months since April-May 2021. These schemes invest in shorter-maturity papers ranging from three months to a year.
Workers' expectations around the pay rises this year have skyrocketed in India, with 90 per cent of people interviewed are looking for a hike in salary, a report said on Monday. In India, 90 per cent of workers interviewed expect a pay rise this year and on average, close to 20 per cent of the employees surveyed are anticipating an increase of 4-6 per cent, followed by 19 per cent anticipating a 10-12 per cent hike, ADP Research Institute's - People at Work 2023: A Global Workforce View - report revealed. The report revealed that in India, 78 per cent of workers received a pay rise last year, and the hikes averaged 4-6 per cent.
The National Medical Commission in the Professional Conduct Regulations also bar doctors from endorsing any drug brand, medicine or equipment, or advertise them.
Only a small percentage of passengers who traveled on the trains involved in the June 2, 2023 accident in Odisha had availed of travel accident insurance while booking their tickets online on the IRCTC portal.
The Congress on Sunday gave a call to party leaders in poll-bound states to work with unity to ensure victory that will 'set the tone' for 2024 Lok Sabha polls even as it showed willingness to forge an alliance of 'like-minded' parties.
The BCCI announced that domestic cricketers affected by the COVID-curtailed 2020-21 season will be paid 50 per cent additional match fee as compensation for the disruption and also hiked their remuneration for the upcoming season.
The GST Council on Friday left taxes on COVID-19 vaccines and medical supplies unchanged after the BJP- and Opposition-ruled states sparred over whether tax cut benefits will reach the common man. Congress and other Opposition ruled states have been demanding a reduction in taxes but the central government felt the move may not result in tangible gains for people. "It is one thing to rush to say - do this, it will benefit the common man. But when the technical, fitment and law committees go into the details, you realise that that could have collateral impact on many others," Finance Minister Nirmala Sitharaman said. "I am not talking about the revenue generation aspect, but how many other items will get included in it as a result of which how you are going to implement it," she added.
Some believe that, as prime minister, Sunak will be particularly friendly to India and that he would return the Kohinoor and do similar gestures to his motherland. Such wishful thinking is not likely to materialise as he will act in the best interests of the UK and will not even appear to favour India, argues Ambassador T P Sreenivasan.
Dr Malhotra, who has demanded a full safety review into the use of AstraZeneca's Covid vaccine, told PTI Covishield "should never have been rolled out in the country in the first place".
'The pandemic had a significant impact on child trafficking.' 'With economic hardships, traffickers exploited the situation to target desperate parents and children.'
Since March 31, 2022, the PSBs' market cap has risen 43.7 per cent, from Rs. 7.29 trillion to Rs. 10.47 trillion. It's time for the government, the majority owner of public sector banks, to reap the benefit of the rally in bank stocks, recommends Tamal Bandyopadhyay.
While he only made one late substitution in the 2-1 victory over England, Deschamps used the bench more against Morocco.
The Supreme Court on Wednesday directed the National Disaster Management Authority (NDMA) to issue fresh guidelines for providing minimum standards of financial help to families of those who lost their lives to COVID-19.
Justice Lalit said, "The element was purely based on circumstantial evidence. Law is clear that facts must point only in direction of the guilt of that man, unless and until that guilt is completely established, circumstantial evidence case theory is not to be accepted."
The Indian IT industry recorded 25.2 per cent employee attrition in FY22 and that pain will continue as it loses talent to other industries, said a report by TeamLease. The attrition in the contract staffing industry is predicted to touch at least 50 per cent in FY23 compared to 49 per cent in FY22, said the report called 'Brain Drain: Tackling the great talent exodus in IT sector'. Company policies, payment and work flexibility is making talent move, as non-technology firms step up demand. "Tech talent in non-tech companies will see 3X growth in the coming years, opening up approx 1 million new tech jobs by 2025.
The last few years have been uncharacteristically good for the Indian sugar sector for a variety of reasons. While on the one hand, the weather supported good crop production; on the other hand, the programme to blend ethanol with petrol took off in a big way. The long-pending problem of burgeoning sugarcane arrears almost came down to nil and exports boomed to record highs.
The Delhi Police has slapped murder charges against four of the accused in the Kanjhawala accident in which a woman was killed after being dragged by a car, officials said.
'The BJP's real weapons are Hindutva, organisation and finance.'
No process can offer a panacea for ethnic conflict, but there are times at which a legal process could work to defuse violence, asserts Supreme Court lawyer Devvrat.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
About half of the students, who have been affected by the war, have taken admission to universities in other countries.
'Organisations must consider tailoring their compensation structure for employees.'
Roopam Asthana, CEO and whole-time director, Liberty General Insurance Ltd, will answer your queries on HEALTH insurance and AUTO insurance.
Missing the deadline for filing Income Tax returns can lead to consequences.
The top court said when the daughter belonging to the non-tribal is entitled to equal share in the property of her father, there is no reason to deny such a right to the daughter of tribal communities.
Based on whether you choose the aviation, Bhopal or LIC numbers, and on the official death toll (in the absence of any other verifiable number), the value of human lives lost in the pandemic would range from Rs 16,500 crore to Rs 94,000 crore, explains T N Ninan.
To safeguard investors of firms listed on non-operational bourses, market regulator Sebi on Monday allowed such companies to raise capital through preferential allotment route to meet listing requirements.
Can this growth in GST collection be sustained in the coming years? asks A K Bhattacharya.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your personal income tax queries.
A Malaysian court has asked a local company to give 48 Indian nationals a total of 500,000 ringett (approx Rs 58,35000) in damages for not paying them the promised salary when they joined it.
'The actions of Indian monetary authorities will depend on how quickly they want the inflation to come down to 4 per cent.'
The 'Karnataka Protection of Right to Freedom of Religion Bill' was passed by the Legislative Assembly in December last.
The contentious anti-conversion bill was cleared by the Karnataka Cabinet on Monday and it is most likely to be tabled in the legislative Assembly on December 21, official sources said.
The announcement sparked a sharp reaction from the Indian Medical Association, Uttarakhand, which termed it "illegal".
Domestic-focused agricultural chemical (agrochem) companies could face near-term headwinds, given the worries on the El Nio effect on monsoons, higher inventory, and pressure on margins. Some of these were reflected in the October-December quarter (third quarter, or Q3) results of companies and may impact them in the current quarter (fourth quarter, or Q4) as well. Nuvama Research pointed out that the sector witnessed mixed performance during the quarter as global agrochem and domestic fertiliser companies maintained growth momentum, while adverse agronomical conditions and excess channel inventory weighed on domestic market volume offtake.
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