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CEOs of Indian companies get nearly 4% compensation hike in FY22

CEOs of Indian companies get nearly 4% compensation hike in FY22

The Chief Executive Officers (CEOs) of Indian companies got an average hike of 4 per cent on their compensation in FY22, reported The Economic Times. This is a moderate increase from the pre-pandemic period.

According to members of nomination and pay committees of several blue-chip corporations, there is a growing trend of linking CEO salaries to results and performance.

Indian Army celebrates diamond jubilee of battle of Walong with China

Indian Army celebrates diamond jubilee of battle of Walong with China

The Indian Army is celebrating the diamond jubilee of the battle of Walong, a shining example of unparalleled bravery, guts and sacrifice by the soldiers who fought the Chinese onslaught in 1962.

The month-long celebration was inaugurated by General Officer Commanding (GOC), Spear Corps, in the easternmost location of India at Walong in Arunachal Pradesh's Anjaw district.

Delhi CM Kejriwal announces 100 EV charging stations, one every 2 km

Delhi CM Kejriwal announces 100 EV charging stations, one every 2 km

Delhi Chief Minister Arvind Kejriwal on Tuesday inaugurated 11 high-tech low-cost electric charging stations in different parts of the city as part of a larger project to set up 100 charging stations across the national capital in the next two months.

"Through these 11 electric charging stations, Delhi has given the world the most affordable model of its kind. Driving an EV after charging them here would be extremely cheap it would barely cost 7 paise/km for two-wheelers, 8 paise/km for three-wheelers and 33 paise/km for four-wheelers," he said.

Newly-launched Delhi-Una Vande Bharat Express commences regular service

Newly-launched Delhi-Una Vande Bharat Express commences regular service

Six days after the inauguration by Prime Minister Narendra Modi, New Delhi to Amb Andaura Vande Bharat Express commenced its regular service on Wednesday.

The Vande Bharat Express, also known as Train 18, is a semi-high-speed, intercity, electric multiple-unit train operated by the Indian Railways.

BEL to manufacture Hydrogen fuel cells with technology from US-based TEV

BEL to manufacture Hydrogen fuel cells with technology from US-based TEV

Navratna defence PSU Bharat Electronics Ltd has signed an MoU with US-based Triton Electric Vehicle for manufacturing Hydrogen fuel cells with technology transfer from the latter to meet the requirements of the Indian market and mutually agreed export markets.

The Memorandum of Understanding (MoU) aims at tapping the demand for clean energy solutions for various applications.

Invesco sells 5.5% stake in Zee for Rs 1,396 cr at Rs 263.7 a share

Invesco sells 5.5% stake in Zee for Rs 1,396 cr at Rs 263.7 a share

Invesco-owned entities on Tuesday sold its 5.51 per cent stake Zee Entertainment Enterprises (Zee). It sold nearly 53 million shares at Rs 263.7 apiece to mop up Rs 1,396 crore, data showed.

Morgan Stanley, Citigroup, Bank of America, Abvendus, ICICI Prudential MF were some of the buyers.

Rahul Gandhi-led Congress' Bharat Jodo Yatra enters Andhra Pradesh

Rahul Gandhi-led Congress' Bharat Jodo Yatra enters Andhra Pradesh

Congress leader and MP Rahul Gandhi's Bharat Jodo Yatra entered Andhra Pradesh on Tuesday as he reached Halaharvi under Aluru constituency from neighbouring Karnataka.

Rahul continued his foot march from the Hanuman temple in Chatragudi.

State Congress president Sake Sailajanath and other senior leaders received Rahul as he crossed into AP.

Zee Entertainment surges 6% after 53 mn shares change hands via block deal

Zee Entertainment surges 6% after 53 mn shares change hands via block deal

Shares of Zee Entertainment Enterprises (ZEE) surged 6 per cent to Rs 280.05 in Tuesdays intra-day trade, after nearly 53 million shares of the company changed hands via block deals on the National Stock Exchange (NSE).

About 52.93 million shares, representing 5.51 per cent stake of ZEE, worth Rs 1,396 crore changed hands on the exchange at a price of Rs 263.7 per share, data shows. The names of the buyers and sellers, however, could not be ascertained immediately.

Punjab leaders slam Kejriwal for comparing Sisodia, Jain with Bhagat Singh

Punjab leaders slam Kejriwal for comparing Sisodia, Jain with Bhagat Singh

Opposition parties in Punjab Monday slammed the ruling AAP's national convener Arvind Kejriwal for comparing party leaders Manish Sisodia and Satyendar Jain with freedom fighter Bhagat Singh and demanded an unconditional apology from him.

Punjab Congress chief Amrinder Singh Raja Warring lashed out at Kejriwal for his Sunday comments and said it was for the first time in history that someone had invoked the great martyr's name for corruption.

Parle in talks to acquire Polish biscuit brand dr Gerard, says report

Parle in talks to acquire Polish biscuit brand dr Gerard, says report

India's largest biscuits company Parle Products is reportedly in talks with private equity (PE) firm Bridgepoint to buy Polish cookies and biscuits company, dr Gerard. The Polish company is currently valued at Rs 1,000-Rs 1,200 crore, according to the Economic Times (ET).

dr Gerard was bought by Bridgepoint from France's Groupe Poult in 2013 for an undisclosed amount. The company, in 2022, appointed Houlihan Lokey to oversee the sale of dr Gerard.

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