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cfo: Tata Group's highest-paid CFO does not belong to TCS or Tata Steel

Balaji s annual remuneration saw an increase of 21 percent from FY22, as his total earnings in FY23 stood at Rs 16.73 crore. With this, he became not only the highest-paid employee at Tata Motors but also the highest-paid CFO within the Tata Group. ....

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reliance industries limited: Mcap of 6 of top-10 most valued firms jump Rs 1.19 lakh crore; Reliance biggest winner

Reliance Industries and ITC were the major gainers as six of the top-10 most valued companies added INR 119,763.25 crore ($16.08bn) last week in India, buoyed by a positive trend in domestic equities. Reliance Industries added INR 57,338.56 crore, while ITC added INR 21,291.04 crore. Meanwhile, HDFC Bank lost its market capitalisation by INR 22,926.37 crore ($3.07bn). ....

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IT cos to log muted Q1 as macro woes persist; recovery may be gradual, say analysts

As tech companies head into Q1 earnings season this week, experts will also be keeping a close watch on any management commentary on the revision of the growth outlook for FY24, the spread of demand deterioration beyond BFSI (banking, financial services and insurance), hi-tech, telecom and retail verticals, net hiring, project ramp downs and pricing pressures, as key monitorables. ....

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IT firms to log muted Q1 as macro woes persist; recovery may be gradual, say analysts

The depreciation of the dollar against the Euro and pound is expected to provide cross-currency tailwinds and assist in marginally elevating the dollar reported revenues of the IT service companies. ....

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Sadbhavana Trust's FCRA licence cancelled

The NGO is working for the upliftment of marginalised and minority communities, especially women, and is among the second-women centric NGO to lose its FCRA licence within a fortnight after Young Women s Christian Association of Delhi. Among the violations cited was non-opening of FCRA bank accounts in designated State Bank of India in New Delhi, said officials. ET s queries emailed to the trust remained unanswered till press time. ....

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