The government on Thursday cleared 40 foreign direct investment proposals worth Rs 501.14 crore (Rs 5.01 billion), including Rs 323.42 crore (Rs 3.23 billion) investment by Swiss major Campagnie Michelin.
'The company's transition from an individuals-driven private firm to a board-driven listed public one will be carried out in a well-thought-through and well-executed manner.'
Five of the 10 best-paid independent directors belonged to the Tata group, followed by four from Reliance Industries and one from Wipro.
Like their international peers, Indian CEOs too have a significant portion of their incomes coming from stock options and performance-linked bonuses
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