He cut his $1 mn salary to $ 70,000.
Hyundai Motor India on Thursday said it had concluded a three-year wage agreement with its workforce, paving way for an increase in their salaries.
Puri earned a salary of Rs 7.39 crore in FY15, up 21.74% from last year
The country's largest lender SBI on Saturday reported a 9.13 per cent rise in consolidated net profit to Rs 16,099.58 crore for the September quarter, weighed down by money it had to set aside for employees' impending wage and pension revisions. On a standalone basis, the State Bank of India (SBI) had a 8.03 per cent increase in the profit after tax for the reporting quarter at Rs 14,330 crore. However, the same was down 15.13 per cent compared to Rs 16,884 crore in the June quarter.
Currently, banks are closed every second and fourth Saturday of a month. Why shouldn't they be shut every Saturday? When most customers carry their banks in their pocket (the app on the mobile phone), there is no need to keep banks open on Saturdays, argues Tamal Bandyopadhyay.
China on Friday hiked its defence budget to $209 billion, maintaining a single-digit growth for the sixth consecutive year with a 6.8 per cent increase in 2021.
Investors are pushing back more often against companies' resolutions on what is paid out to top executives. In the first four months of financial year 2022-23 (FY23), there have already been five such rejections, according to shareholder voting data from tracker Adrian, a platform maintained by the proxy advisory firm Institutional Investor Advisory Services India (IiAS). Two of these have been at multiplex chain PVR and direct-to-home company Dish TV India.
The projected pay hike in India is expected to be 11.3 percent, which after adjusted against an inflation of 4 percent, translates into a real salary hike of 7.3 percent.
The government on Thursday approved the Sixth Pay Commission recommendations, heaping civil and defence staff with a salary hike bonanza on the eve of the country's 61st Independence Day.
However, the hike in salary for government officials may take some time as the Centre had earlier this year decided to put a freeze on any hike in the DA of its employees till July, 2021, owing to the Covid-19 pandemic.
While many argue about the rationale behind the lawmakers' demand for a better pay, it is imperative to note that an Indian Member of Parliament's salary (before the government hiked it three by 300 per cent) was (and still is) a little more than a day's pay of his counterpart sitting in Singapore.
The central contracts stand-off between Pakistan Cricket Board and top national players ended on Wednesday.
Professionals working in the Gulf have been hit hard by the downturn, with almost two-thirds not receiving any pay hike and one in ten losing job this year.
Finance Minister Nirmala Sitharaman in her fifth Union Budget made five major announcements for the income tax assesse. She announced no changes in the old tax regime and confined her relief measures to the new tax regime. There have been no changes under the old tax regime.
Majority of privately held businesses in India are optimistic about their hiring plans this year, but prospects of staff benefits like pay hikes are not so bullish, a study said.
The proposed hike is in accordance with the accepted formula based on the recommendations of the 6th Pay Commission
A piece of slightly negative news can cause a serious setback, warns Debashis Basu.
The average top executive monthly compensation is Rs 1 crore. The median employee salary is now Rs 820,000.
Researchers in Europe, who have carried out the study, found that most men get the biggest buzz from a monetary prize when they know it's a much bigger award than that received by someone else, The Independent reported in London on Friday. According to lead researcher, Professor Armin Falk of Bonn University, the findings go against conventional theories about economic rewards, which "suggest it is the absolute hike in pay, rather than the relative one, that matters most".
The higher salaries and pension outgo will be equivalent to about one per cent of the GDP.
Former India pacer Zaheer Khan was also pleased with Rinku this season.
Gulliver had about $7.6 million pounds in a Swiss account in 2007.
Microsoft, like many tech firms, is not a model of diversity.
In a first, graduating students from the Indian Institute of Management Ahmedabad (IIM-A) have decided to pledge Rs 200 per month in favour of the institute from their salaries for one year.
Investors looking for a fixed-income product that is free of credit risk may invest in these bonds.
Tata Consultancy Services (TCS) on Wednesday announced a mega-Rs 16,000 crore buyback plan at Rs 3,000 per equity share. In 2017 and 2018 too, TCS had undertaken buyback offers of similar sizes.
Policymakers are examining the possibility of increasing the tax-free slab to Rs 5 lakh in the two-year-old alternative personal income tax regime to make it attractive, a government official said. At present, taxpayers don't pay income tax if their taxable income is Rs 2.5 lakh and below. Increasing the threshold will reduce the tax outgo for assessees, thereby leaving more money with them to invest, the official said.
The CEOs of Cricket Australia, the National Rugby League and Football Federation Australia, have signed up to the "Pathway to Pay Equality" report by the Male Champions of Change Institute (MCC), which details a milestone-based approach to achieving pay equity between male and female athletes.
Even as Chinese troops continue squatting on territory that we claim as our own -- this was the lowest allocation for defence in percentage terms since the 1950s, reveals Ajai Shukla.
The remuneration for 2009-10 fiscal to Mukesh Ambani, the country's richest person with a net worth of $29 billion and fourth wealthiest in the world as per Forbes magazine, is still higher than any other director of Reliance Industries.
Finance Minister Nirmala Sitharaman will present the Union Budget for 2023-24 in Parliament on February 1. The Budget is a statement of the government's estimated receipts and expenditures for a fiscal year (April 1 to March 31). It's divided into Revenue and Capital Budget. The Revenue Budget includes the government's revenue receipts and expenditures while the Capital Budget includes its capital receipts and payments.
'For the next two years, we expect the bulk of earnings growth contribution from sectors like financials and energy, where the outlook remains positive, while the sectors which are linked to domestic consumption and are currently witnessing strains on margins have low salience for Nifty earnings.'
This time, five states, including Tamil Nadu, have requested the Centre to delay the pay hikes.
'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'
Another BCB director Mahbubul Anam too smelt a conspiracy against the Board.
This is your golden chance to create the next big thing in India.
Look at the sanctioned plan to know the exact carpet area you will get and pay a law firm to conduct a thorough title check.
Domestic cooking gas (LPG) price was on hiked by Rs 3.46 per cylinder after the government raised the commission paid to dealers by over 9 per cent.
'Once our voices are crushed, they can bring in an agenda of privatisation.'
While still not as drool-worthy as their private sector counterparts, the hike is quite hefty, and across segments
