Cellular industry's hopes for a compensation in lieu of unified licence may be dashed with the Telecom Regulatory Authority of India finding no merit in it since the cellular operators have already been given sops over Rs 30,000 crore.
Engineering giant Larsen & Toubro (L&T) handed out a pay cheque of Rs 61.27 crore to its chief executive officer (CEO) and managing director (MD) SN Subrahmanyan in the last financial year (FY22), which is a near 115 per cent hike over FY21, as executive compensation at India Inc comes under sharp focus after two years of Covid-19. In fact, the total compensation of L&T's executive directors (including Subrahmanyan) in FY22 was 120 to 670 times the median remuneration of the company's employees, data from its FY22 annual report shows. This points to sharp hikes that the top management saw in their remuneration during the period, experts in human resources said. In FY21, L&T's executive compensation was 56 to 337 times the median remuneration of company employees.
The central bank is the money manager of the government, and not a guarantor of any debt.
Amid speculation over Congress leader Sachin Pilot's next move, sources close to him on Tuesday said he was firm on his demands, including action against alleged corruption during the previous Vasundhara Raje government, and was waiting for a definitive response from the party high command.
Prime Minister Narendra Modi's brother Prahlad Modi, who is also the vice president of All India Fair Price Shop Dealers' Federation, on Tuesday staged a dharna here with various demands of the organisation. Prahlad along with several other members of the All India Fair Price Shop Dealers' Federation (AIFPSDF) gathered at Jantar Mantar, holding banners and raising slogans.
The company has received a Civil Investigative Demand from the US Department of Justice, Ranbaxy Laboratories said in a filing to the BSE.
A top-class board is important from a systemic point of view, more so at a time when the wider financial world and India Inc is chasing the same talent as banks.
The 'kisan mahapanchayat' will be held to press for a legal guarantee on the minimum support price, the SKM, an umbrella body of farmers' union, had said last month.
The government has decided to give Rs five lakh each to the next of kin of victims of the 1984 anti-Sikh riots triggered after assassination of the then prime minister Indira Gandhi.
Conflicting views on Coal India (CIL) might leave investors confused. The bullish perspective that India has strong power demand (and also high steel production) means high demand for coal. As CIL is the monopoly producer of coal -- supplying over 80 per cent of the domestic requirement - the public sector undertaking should be a beneficiary of the rising power demand.
The administration started preparing for the demolition of two precariously standing hotels in subsidence-hit Joshimath in Uttarakhand on Tuesday, but faced protests from their owners and locals on the issue of compensation, while more families were evacuated from the danger zone as the number of affected houses rose to over 700.
Not satisfied with the judicial probe ordered by the Orissa government into the violence in Kandhamal, Christian leaders have demanded a CBI inquiry and immediate compensation to the next of kin of those killed and the injured.
The Indian board (BCCI) will consider a further increase in salaries for its contracted players after leading cricketers expressed dissatisfaction with the pay raise announced last month.
Observing that it does not propose to run the administration in Manipur, the apex court said necessary verifications shall be carried out before issuing the Aadhaar cards expeditiously.
Senior Congress leader Digvijaya Singh on Sunday ended his seven-day-long fast in Guna seeking immediate disbursal of compensation to farmers affected by the crop damage and a Central Bureau of Investigation probe into the alleged Madhya Pradesh Professional Examination Board scam.
The Pulwama widows have been protesting since February 28, demanding a change in rules so that their relatives and not just children can get government jobs on compassionate grounds.
Chaudhary, who took 13 hours to reach Lakhimpur Kheri from Delhi, several hours more than it would take to cover the 420 km-odd distance, also met the families of some of the farmer victims to learn their story of loss.
The MSP was introduced to the services recognising their unique service conditions and hardships.
Three persons, including Upendra Singh, a history sheeter allegedly linked to the Rashtriya Janata Dal strongman and former Lok Sabha MP from Siwan Mohammed Shahabuddin have been detained but no arrests have been made so far.
'We told the government that we won't dance to their tunes this time.'
As Manipur sank deeper into ethnic violence, the Supreme Court on Monday ordered the setting up of a committee of three former women high court judges to oversee relief and rehabilitation of victims and compensation to them, besides asking former Maharashtra police chief Dattatray Padsalgikar to monitor the probe in criminal cases.
The earnings of India Inc hit a record high in the 2022-23 (FY23) January-March quarter (fourth quarter, or Q4), compared with their poor showing in the previous two quarters of the financial year. The rise in earnings, however, is exclusively led by banking, financial services, and insurance (BFSI) companies. A better-than-expected showing by banks and non-bank lenders in Q4FY23 more than compensated for the earnings contraction in the non-BFSI space.
There will be a lot to repair and rejuvenate -- if that opportunity even presents itself, warns Rathin Roy.
When he started his indefinite hunger strike in support of Maratha quota in a village in adjoining Jalna district on August 29, it largely went unnoticed, but everything changed on September 1 when violence broke out when local authorities tried to move him to hospital.
Maharashtra Chief Minister Eknath Shinde on Sunday ordered a probe into a road accident on the Samruddhi Expressway which claimed 12 lives.
Information technology major Wipro has asked candidates who have successfully completed their training and who were offered Rs 6.5 lakh per annum earlier whether they would be willing to take up projects for an annual compensation of Rs 3.5 lakh. Wipro told Business Standard that it had to adjust its onboarding plans "in the light of the changing macro environment and, as a result, our business needs". "Like others in our industry, we continue to assess global economies and customer needs, which factor in our hiring plans.
Refusing to accept the tribunal's decision, the families said they would take the matter to a higher court, seeking justice for their sons and hoping to unmask the truth behind the fateful encounter.
Initial estimates suggest the state government will need to spend over Rs 8,000 crore in reconstruction.
Nine American and Israeli victims of the 2008 Mumbai attacks have demanded a compensation of $688 million (around Rs 4,233 crore) from the Pakistan-based perpetrators of the terror assault, including Jammat-ud-Dawah chief Hafiz Saeed.
Two civilians were killed and another was injured in firing outside an army camp in Jammu and Kashmir's Rajouri district on Friday, leading to massive protests and demands for a fair probe.
In a press statement, the foreign ministry here said 10 Nepali nationals lost their lives in the recent attack by Hamas in Israel.
116 doctors treating COVID patients in Bihar have succumbed to the disease. The family of only one doctor has received compensation.
Sale and consumption of alcohol was completely banned in Bihar by the Nitish Kumar government in April, 2016.
Even as the slowdown in the information technology (IT) services sector deepens, banking, financial services and insurance (BFSI), as well as oil and gas companies, emerge as the primary drivers of corporate earnings in the country. The IT services sector's share in corporate earnings declined to a five-year low of 17.4 per cent in the second quarter (Q2) of 2023-24 (FY24), whereas banks and finance companies accounted for 46.5 per cent, and oil and gas firms contributed 16.8 per cent. At their peak, IT services firms like Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro represented just over a third of the combined net profit of all listed companies in the Business Standard sample.
Police on Wednesday arrested a man accused of urinating on a tribal youth in Madhya Pradesh's Sidhi district, an official said.
The Congress is planning to call a meeting of Opposition parties in May. It is possible to keep all possibilities open in case Karnataka yields a hung House, leading to a recalibrated Opposition.
"We are not happy with the judicial inquiry ordered by the Orissa government. Since both Central and state governments failed to check the spread of arson in Kandhamal, there must be a CBI probe," said Sajan K George, president of the Global Council of Indian Christians. He observed that Christians in riot-hit areas of Kandhamal were denied the right to worship on Christmas due to widespread violence and attack on places of worship.
BMA's clients allege that depository firm CDSL and stock exchanges did not act on their complaints, prompting them to protest before Sebi. They say their shares have been transferred to a pool account without their knowledge and have been used to avail loans. Clients alleged that BMA has pledged their securities with a leading private bank, who could have sold their holdings.
Many families in the affected area are finding it hard to sever their emotional ties with their homes and move out.
It may be noted, out of 4004 acres required for the Posco plant, 3566 acres are government land with the rest 438 acres being private land.
