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Microsoft shareholders gave the thumbs up to CEO Satya Nadella’s hefty 22% pay raise, even though Norway’s massive $2 trillion sovereign wealth fund wasn’t on board. This fund, which also questioned Elon Musk’s pay, voiced worries about how executives are compensated, their locked-in stock, and the risks tied to key individuals. Microsoft CEO Satya Nadella’s…
NEW DELHI: The Election Commission on Saturday doubled the remuneration for Booth Level Officers (BLOs) from Rs 6,000 to Rs 12,000 per election cycle. The decision also includes an increase in pay for BLO supervisors, whose remuneration has been raised from Rs 12,000 to Rs 18,000.“The electoral roll machinery, consisting of Electoral Registration Officers (EROs),…
Rising production costs are putting pressure on consumer goods makers, but many are choosing to delay price hikes amid fears that any upward revision could trigger government action following the latest GST reductions.Executives from major firms in categories such as soaps, biscuits, detergents, automobiles and consumer electronics said they plan to approach the government and…
Air India has approached the Indian government to request access to restricted military airspace in China’s Xinjiang region to shorten international flight paths, according to a Reuters report quoting an internal company document. The move comes as the airline struggles with higher operational costs following Pakistan’s closure of its airspace to Indian carriers.The appeal, submitted…
The US Postal Service (USPS) has sought sweeping administrative and legislative changes after reporting a $9 billion annual loss, a marginal improvement from the $9.5 billion deficit posted last year, Reuters reported.New Postmaster General David Steiner said the agency continues to face a “significant systemic annual revenue and cost imbalance” and must accelerate efficiency measures,…
India shipped 4,319 tonnes of goods to the US between Jan and June, DGCA data shows HYDERABAD: Steep tariff hikes by the Donald Trump administration have sent air cargo movement between India and the US into free fall, marking a nine-year low.Data from the Directorate General of Civil Aviation (DGCA) shows that India shipped 4,319…
AI generated image for representation LTIMindtree plans to divide its salary hikes into two phases. The IT services company has confirmed that half of the employees will get their raises from January 1, 2026, and the other half will receive them from April 1. In an interview with the Economic Times, the company’s MD and…
MUMBAI: RBI’s monetary policy committee on Wednesday unanimously voted to keep the repo rate unchanged at 5.5% with a neutral stance, while hiking FY26 growth forecast to 6.8% from 6.5%.“Since we last met in June, inflation has come down by about 1%. It is now at 2.6–2.7% compared with our earlier forecast. That’s the reason…
NEW DELHI: Sending a signal to farmers ahead of the next sowing season, Union cabinet approved on Wednesday hikes in minimum support price (MSP) of six rabi crops, with wheat getting an increase of nearly 6.6% to Rs 2,585 per quintal for 2026-27 marketing season, up from existing Rs 2,425 per quintal.Safflower got highest absolute…
MUMBAI: RBI governor Sanjay Malhotra on Tue unveiled the biggest regulatory overhaul in nearly a decade, aimed at strengthening banks, expanding credit flow to corporates including for acquisitions, enhancing consumer protection, and advancing the internationalisation of the rupee. The reforms are expected to help the economy achieve the 6.8% higher growth forecast by RBI on…
