Narayanan responded that the commission payouts have been unchanged in the past four years. Promoters Kalanithi Maran and his wife Kavery are the highest-paid executives in India. The couple took Rs 175 crore in FY20 and a similar amount in FY21.
Key benchmark indices are trading weak in early trade on selling pressure in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 266.37 points or 0.51% at 52,208.39. The Nifty 50 index was down 109.90 points or 0.7% at 15,689.45. Asian stocks are trading mixed.
The S&P BSE Mid-Cap index was down 1.95%. The S&P BSE Small-Cap index was down 1.43%.
The market breadth, indicating the overall health of the market, is weak. On the BSE, 845 shares rose and 1699 shares fell. A total of 104 shares were unchanged.
In economic data, Wholesale Price Inflation (WPI) and Consumer Price Inflation (CPI) inflation for May 2021 is due today, 14 June 2021.
Tata Consultancy Services (TCS) announced that it has designed and delivered a key customer experience transformation program for Alcatel-Lucent Enterprise (ALE), a leading provider of communications, networking, and cloud solutions tailored to customers industries, to drive improved sales velocity and revenue growth.
Adani Enterprises said that the company has incorporated a wholly-owned subsidiary namely, Adani Cement Industries (ACIL) on 11th June, 2021 to carry on business as manufacturers, producers, processors of all types of cements.
Info Edge (India) said that the board of directors of the company approved acquisition of 100% of the Share Capital on a fully diluted basis of Zwayam Digital Pvt. Ltd. for an aggregate cash consideration of about Rs 61 crore.
Read more about Stocks to watch: Adani group stocks, Reliance Power, Lupin, BHEL, DLF on Business Standard. Reliance Power Limited has announced it will raise Rs 1,325 crore by issuing preferential shares and warrants to its parent, Reliance Infrastructure
Enam’s Jiten Doshi raises corporate governance concerns at Sun TV
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The company’s board only paid an interim dividend of Rs 5 per share, announced post March quarter earnings for the financial year ended March, 2021.
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In absolute terms, the interim dividend paid by the company in 2020-21 tanked 80 per cent to Rs 197 crore from Rs 985 crore paid out in 2019-20, the company’s consolidated cash flow statement showed.
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MUMBAI:
Sun TV Network’s minority shareholder Enam Asset Management Company, represented by co-founder and Chief Investment Officer Jiten Doshi, on Friday raised concerns over corporate governance at the company following a sharp cut in dividend for 2020-21.