BENGALURU: HCLTech CEO C Vijayakumar has emerged as the highest-paid Indian IT CEO, crossing the $10 million mark and topping the compensation charts.US-based Vijayakumar earned Rs 94.6 crore in the 2024–25 financial year, which comprised a base pay of Rs 15.8 crore, a performance-linked bonus of Rs 13.9 crore, long-term RSUs worth Rs 56.9 crore,…
Mumbai: The less, the merrier – that’s the mantra in the startup and venture capital space, where there’s an increasing shift towards building smaller teams. More investors are now also considering the size of a startup’s team while weighing potential funding – it is not a big determining factor yet, but at least it is…
Mumbai: The country’s oldest bad loan company, IPO-bound Arcil (Asset Reconstruction Company of India) , gives an insight into the future of loan recovery for retail loans in its offer document filed with Sebi.The company has said it is setting up a digital platform that will allow defaulting retail borrowers to submit settlement offers and…
NEW DELHI: Amid a clamour for succour after Trump’s tariff announcement, govt has ruled out demands for subsidy, but suggested it is open to “innovative ways” to help industry beat the crisis.The message was delivered by commerce and industry minister Piyush Goyal during his meetings with some of the industry representatives in Mumbai over the…
The Centre has notified a new regulatory framework for India’s edible oil industry, aiming to increase transparency, prevent supply disruptions, and ensure fair prices for consumers. The Vegetable Oil Products, Production and Availability (VOPPA) Regulation Order, 2025, notified on August 1 by the ministry of consumer affairs, amends the existing 2011 Order under Section 3…
US President Donald Trump’s trade advisor Jamieson Greer has said the new American tariff rates are “pretty much set” with limited scope for negotiation, defending the Trump administration’s latest round of levies, including harsh duties on Brazil.In a pre-recorded interview aired on CBS’s Face the Nation on Sunday, US trade representative Greer said the rates…
Saudi Arabia, Russia and six other key members of the OPEC+ alliance, collectively known as the Voluntary Eight (V8), have agreed to increase oil production by 547,000 barrels per day (bpd) starting September 2025, a move seen as an attempt to regain market share amid resilient oil prices.As per news agency AFP, the decision was…
India’s cooperative sector is preparing to challenge ride-hailing giants Ola and Uber with the launch of a new taxi service under the brand ‘Bharat’ by the end of 2025, backed by a Rs 300 crore authorised capital. The initiative, fully funded by leading cooperatives, has already enrolled 200 drivers across four states, according to news…
Trump administration officials have said that India buying oil from Russia is an ‘irritant’ for the US. (AI image) India is faced with the prospect of an additional penalty from the Donald Trump administration for its procurement of oil and defence equipment from Russia. While announcing a 25% tariff rate for India this week, Trump…
Air India on Sunday cancelled its Singapore to Chennai flight AI349 following a technical issue that required extended maintenance work. The flight, scheduled to be operated using an Airbus A321, was grounded after a pre-departure check flagged the problem.In a statement issued on Sunday, the airline said, “Flight AI349 scheduled to operate from Singapore to…
