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Meet Indian IT industry's best paid CEO

Bengaluru, April 16 -- Cognizant Technology Solutions Corp.'s chief executive officer Ravi Kumar Singisetti got $22.56 million or about Rs.186 crore in compensation last year, thanks to a one-time sto... Read More


The mysterious UBOs surfing in India's small-cap froth

Bengaluru, April 12 -- Elara India Opportunities Fund (EIOF), an entity registered out of the island country of Mauritius, was once big on Adani stocks. At the end of December 2022, it owned 1.6% in A... Read More


A phone call, a discussion, and a firing: Behind Delaporte's Wipro exit

New Delhi, April 7 -- Wipro Ltd chair Rishad Premji asked chief executive officer Thierry Delaporte to step down during a late March phone call, where the Frenchman wanted to know if he'd get a second... Read More


The curious case of UAE-based funds in India's small-cap bubble

Bengaluru, March 28 -- Last summer, Marriott International, which operates hotels across 139 countries, agreed to start a 350-room hotel on Al Marjan Island, one of the four islands of Ras Al Khaimah,... Read More


When shareholder voting is on, many directors pull their candidature

New Delhi, March 27 -- Asian Paints Ltd's independent director Pallavi Shroff withdrew her candidature for a second term on the board while shareholders voted on the proposal, joining a long queue of ... Read More


When Cupid stepped up to Tourism Finance, and walked back

New Delhi, March 25 -- A strange sequence of events at small-cap companies Tourism Finance Corp. and Cupid Ltd, and the role of their biggest shareholder Aditya Halwasiya-whose elder brother's busines... Read More


Norges in favour of ICICI Securities delisting

New Delhi, March 24 -- Norway's Norges Bank Investment Management, the world's biggest sovereign wealth fund, has stamped its approval on ICICI Bank Ltd's proposal to delist and merge the brokerage bu... Read More


Accenture secures $1.1 billion GenAI projects in Sep-Feb

New Delhi, March 22 -- IT services provider Accenture Plc secured generative artificial intelligence (GenAI) projects totalling $600 million in the three months through February, following up on $450 ... Read More


At India's second-largest engineering co, gaps emerge in electoral bond funding

New Delhi, March 18 -- If Megha Engineering and Infrastructures Ltd (MEIL) is to be believed, it lost out on becoming the country's biggest political donor by just a few crore rupees. But going by the... Read More


Why are RBI and Sebi spooked about JM Financial Products?

Bengaluru, March 11 -- In October last year, Piramal Enterprises Ltd raised around Rs.533 crore through non-convertible debentures (NCDs), out of which JM Financial Products Ltd, a subsidiary of JM Fi... Read More