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The 89-year-old veteran hotelier PRS Oberoi, wrote to all employees on December 30 informing them of Kapil Chopra’s decision to move on from the group. Source: Company
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Without divulging any specific plans, he said the ministry would like to remind companies about not being compliant. Source: Company
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As a part of the payout, 350 employees of Ahmedabad and California-based eInfochips may get Rs 1 crore each for their ESOP holding. Source: Company
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Sources have pegged the Jio-RCom all-cash deal size at roughly Rs 24,000 crore, which will help the Anil Ambani company repay part of its Rs 45,000 crore debt. Source: Company
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Saurabh Chawla, 53, joined the realty major in April 2006 and has 20 years of experience in the field of corporate finance. Source: Company
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“No proposal for waiver of corporate loan is under consideration of the government,” Minister of State for Finance Shiv Pratap Shukla said in a written reply to the Lok Sabha. Source: Company
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The Ministry of Finance has cautioned people against risks in investing in Virtual Currencies (VCs). The VCs don?t have any intrinsic value and are not backed by any kind of assets. The FinMin also said that VCs aren?t backed by government fiat and also are not legal tender Source: Taxmann
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CEOs of the biggest publicly traded US cos averaged $14.3 million in annual pay, more than double that of Canadians and 10 times greater than those in India. Source: Company
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However, M&As may see a slower pace in 2018, with 2019 being the election year and the growth still looking tepid on the economic front. Source: Company
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The Government has reduced the interest rate on small saving schemes, including Public Provident Fund, National Savings Certificate, Kisan Vikas Patra and Sukanya Samriddhi Account Scheme, by 0.2 percentage. Source: Taxmann