While Tech Mahindra Chief Executive Officer CP Gurnani continues to earn the highest remuneration among IT giants, in gross salary terms most CEOs took home a modest package led by Wipro's Abidali Neemuchwala.

Gurnani earned Rs 1.46 billion in 2017-18, which is 3,150 times the median employee remuneration (MRE) at the company. However, Gurnani's remuneration consisted of Rs 1.42 billion in stock options granted to him in 2013 and exercised during the current financial year.

Microsoft Corp. is going for the low-end of the personal computing market with a smaller, cheaper Surface Go tablet that takes on Apple Inc.’s cheapest iPads.

The Surface Go has a 10-inch screen, about the same size as the entry-level iPad. At $399, the device is $400 cheaper than the current Surface Pro tablet, but has slower Intel Corp. processors and about four hours less battery time, Microsoft said.

Vodafone Idea is on its way to becoming the largest telecom operator in India as the Department of Telecommunications (DoT) on Monday gave a conditional nod to the merger between the second- and the third- largest telcos in the country.

UK-headquartered telecom major Vodafone and Kumar Mangalam Birla-controlled Idea Cellular cannot operate as one company till they pay more than Rs 72 billion to the government as one-time spectrum charges.

Consumer goods company Britannia Industries could replace state-owned oil marketing company Hindustan Petroleum Corporation (HPCL) in the benchmark Nifty 50 index, said domestic brokerage ICICI Direct. Besides, JSW Steel or Godrej Consumer Products also have a fair chance of replacing Lupin in the index, the brokerage added.

The decline in coal imports by India’s power plants points to distress in an increasing number of generators and a domestic supply shortfall.

Imports by power stations fell about 15 percent from a year ago in the first two months of the fiscal year to March caused mainly by a 32 percent drop in overseas purchases by plants designed to use imported coal, according to calculations based on data from Central Electricity Authority, a unit of the power ministry.

State Bank of India (SBI) is in the international market to raise dollar funds through its maiden issuance of green bonds.

According to people with knowledge of the matter, the bank was engaged in investor calls throughout Monday, and will decide on the issue size and likely pricing only after getting a commitment.

The death toll in days of heavy rain that devastated parts of Japan with floods and landslides has risen to at least 141, the top government spokesman said on Tuesday.

Yoshihide Suga said at least ten people were still missing, though local media said dozens were still unaccounted for as rescue operations continue.

German luxury car maker Mercedes-Benz has announced changed in its top-management and Roland Folger who currently heads the company’s operations in India will be replaced by Martin Schwenk starting November 2018. Martin Schwenk is currently the CFO of Mercedes-Benz China operations and will the Managing Director & CEO of Mercedes-Benz India.

Mumbai: State-owned fuel marketers are pushing back against a regulatory suggestion to allow Reliance Industries Ltd (RIL) to use their pipelines to sell jet fuel at the Mumbai airport.

Currently, the three public sector oil marketing companies — Bharat Petroleum Corp. Ltd (BPCL), Hindustan Petroleum Corp. Ltd (HPCL) and Indian Oil Corp.

HDFC Bank’s loan advances are up nearly Rs 7.09 lakh crore as of June 30 this year compared to Rs 5.8 lakh crore in the corresponding period last year and Rs 6.5 lakh crore as of March 2018, Bank said in the filing. It is more than three times of Rs 2.11 lakh crore what the government last year had announced for bank recapitalisation plan of state-owned lenders weighed down by bad loans. The deposits aggregated nearly Rs 8.6 billion at June end.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.