When pay ceiling catches up with IT firms' stock-rich CEOs
Stock awards accumulated over years are set to lift CEOs' reported pay above the statutory remuneration ceiling at some IT services firms, calling for shareholder nod. While the firms say it is only about accounting, investors are increasingly scrutinizing ex….
Blackstone ties up with HDFC Ergo Ex-MD Anuj Tyagi for new insurance biz
Blackstone and Anuj Tyagi are launching a new general insurance company in India. This venture will be 90% foreign-owned, following recent FDI limit increases. The company has filed an R1 application with IRDAI for approval to operate. It plans to utilize gen….
Adani Group seeks to dilute a clause preventing airport operators from holding airline stakes. This change would enable the conglomerate to launch its own airline operations. The government is consulting legal experts on amending the existing airport privatiz….
Engineering students flock to electronics as chip, AI boom grows
Indian engineering colleges see a surge in electronics course applications this year. This trend is driven by new processor architectures and industry demands. Government semiconductor initiatives are also fueling student interest in hardware. Core engineerin….
Global Refiners Are Cutting Out Oil Traders To Buy Venezuelan Crude Directly
Commodity traders are having the rug pulled out from under one of their biggest paydays yet as refiners start bypassing oil and traders and buying Venezuelan crude directly, according to Reuters. Refiners and major oil-producing firms are rapidly gaining mark….
