Tag: Remuneration
Pawan Munjal to take 20% pay cut
Pawan Munjal, chairman, Hero MotoCorp was paid a total remuneration of Rs 99.55 crore in the fiscal year 2023. This was 18.02 per cent...
Board proposes a significant hike in salary for Mahindra’s MD
A revision in the remuneration of Anish Shah, MD and CEO, Mahindra Group may see his salary going from the present scale of Rs...
How Havells India justifies salary of CMD after shareholders seek clarification
After some shareholders stated that they thought that the salary of Anil Rai Gupta, chairman and managing director, Havells India, was too high in...
IT-sector CEOs’ median annual salaries went up by 835% in 10...
There has been a surge in demand for talent in the IT sector post the pandemic. And yes, talented people are being lured by...
$5.7 million overtime compensation for ex-Cognizant staff
American multinational information technology giant, Cognizant, will be paying $5.7 million to compensate its former employees who had alleged that they had been underpaid...
Delhi govt demands Rs 5000 Cr from Centre to pay salaries
The Delhi government has approached the Centre for financial aid to be able to pay salaries to its employees. Having faced major loss of...
CBDT clarifies remuneration of Indian managers of offshore funds
Following amendments to the income tax rules by the Finance Ministry, it has now become convenient for Indian fund managers of offshore funds to...
Tata Steel may lay off 3,000 in Europe
Tata Steel, the Indian multinational steel manufacturing company, is all set to strengthen its European business and increase profits. In the process, it plans...
Indian IT firms in the US pay higher average wage than...
A research has recently revealed that the average wage paid by Indian IT services firms to their employees in the US, is about $96,300....
10 lakh contractual staff of Central govt to be paid like...
It has been reported that about 10 lakh employees of the Central government , who are working on contract and putting in eight hours...
Average salary of Rs 16 lakh offered to IIIT Delhi students
At the recent placement drive at the Indraprastha Institute of Information Technology (IIIT) Delhi, where more than a 100 companies participated, Rs 16.06 lakh...
CEO of Godrej receives over Rs 20 crore as remuneration
The highest compensation of the fast moving consumer goods (FMCG) sector, in the Financial Year 2019, went to Vivek Gambhir, MD and CEO, Godrej...
Ambani desires moderation in managerial remuneration levels, leads by example
Mukesh Ambani, has been earning Rs 15 crore annually, from Reliance Industries, for 11 years consecutively. His salary, allowances and perks have totalled to...
7% average increase in employee remuneration at Bharti Airtel in FY...
The 10,205 strong workforce at Bharti Airtel received an average increase in remuneration (excluding the senior managers) of seven per cent during FY 2018-19.
The...
Amazon employees demand safety, security and better pay
Employees at Amazon are protesting across the globe, against the unsatisfactory working conditions at the organisation. The staff is demanding more safety and security...
Why is it justified to pay a person less after promotion?
The case study
A person who works at the middle management level of an organisation has been given a promotion. With his boss having left...