The gap between CEO and employee pay in IT companies has widened over five years, with only IBM showing a decrease. Infosys, Wipro, HCL, and Accenture have seen significant increases in the disparity. Infosys founder NR Narayana Murthy suggested fair CEO pay should be 25 to 40 times the lowest-level employee’s salary, but ratios...
Read MoreDalal Street responded minimally to the latest Hindenburg report’s charges against Sebi chairperson Madhabi Puri Buch and her husband, with the market closing only 57 points lower. The Congress leveraged the report to demand a JPC probe and Buch’s resignation, while BJP accused the opposition of trying to destabilize India.
Read MoreThe Supreme Court mandated Union and state governments to set up the national commission and state councils under the 2021 National Commission for Allied and Healthcare Professions Act within two months, warning of coercive action for non-compliance. The bench criticized the lack of regulatory bodies despite the law’s enactment, stressing the Act’s importance for...
Read MoreHeavy rains and landslides in Himachal Pradesh led to the closure of 197 roads, power outages, and disrupted water supply schemes on Monday. Hardest-hit areas included Shimla, Sirmaur, Mandi, and Kullu. Nine bodies were recovered from a flash flood in Una. Officials continue to work on maintaining crucial highways amid continued rainfall.
Read MoreIn July, retail inflation in India fell to a near 5-year low of 3.5%, led by a drop in prices of vegetables, fruits, and spices. Industrial output growth also slowed to 4.2% in June. The easing inflation has sparked hopes for interest rate cuts in the second half of the fiscal year.
Read MoreThe Supreme Court refused to entertain a PIL regarding the UGC-NET exam’s cancellation on June 19 over alleged question paper leaks. The court noted the cancellation might have stemmed from avoiding controversies, citing previous rumors around NEET-UG. The UGC’s decision affects nearly 9 lakh candidates preparing for the rescheduled exam on August 21.
Read MoreOn Monday, the Sensex dipped marginally by 57 points, closing at 79,649. This drop came as investors largely dismissed Hindenburg Research’s report on a conflict of interest involving Sebi chief Madhabi Puri Buch in the Adani Group probe. Some Adani stocks fell, but not as severely as in early 2023. Despite foreign fund outflows,...
Read MoreA man found solving mathematical problems on wet soil near the Petrapole border was identified as Amit Kumar Prasad, a missing mathematics teacher from Gorakhpur. Locals alerted police, who then collaborated with Ham radio operators to locate Prasad’s family. His father and relatives reunited with him, ending a decade-long search.
Read MoreMultiple films clashed at the box office on Independence Day, with major Hindi releases like Stree 2, Vedaa, and Khel Khel Mein competing for screen space. Filmmakers hoped to capitalize on the extended holiday weekend. Industry experts warned that the overwhelming number of releases could lead to financial losses due to audience saturation and...
Read More