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SAN FRANCISCO: Tesla and spaceX CEO Elon Musk has topped the list of the most highly compensated CEOs on the Fortune 500 in 2021. After Musk, the 10 most highly compensated Fortune 500 CEOs of 2021 are all tech and biotech CEOs, including the heads of Apple (Tim Cook), Netflix (Reed Hastings), and Microsoft (Satya […]
NEW DELHI: A lower pre-monsoon coal stock at thermal power plants in India is suggestive of another power crisis in July-August, independent research organisation CREA has said. The current coal stock stands at 13.5 million tonnes at pithead power stations and 20.7 MT cumulatively at all power plants across the country. “The data compiled from […]
NEW DELHI: The Unique Identification Authority of India (UIDAI) in an advisory has warned against sharing photocopies of Aadhaar with any organization, citing chances of misuse. As an alternative, the notice recommended use of “masked Aadhaar,” that displays only the last 4 digits of the 12-digit Aadhaar number. Masked Aadhaar can be downloaded from https://myaadhaar.uidai.gov.in. […]
NEW DELHI: Continuing their selling spree, foreign investors have dumped Indian equities worth over Rs 39,000 crore this month so far amid rising bond yields in the US, an appreciating dollar and prospects of more aggressive rate hikes by the Federal Reserve. With this, the net outflow by foreign portfolio investors (FPIs) from equities has […]
NEW DELHI: The US surpassed China to become India’s top trading partner in 2021-22, reflecting strengthening economic ties between the two countries. According to the data of the commerce ministry, in 2021-22, the bilateral trade between the US and India stood at $119.42 billion as against $80.51 billion in 2020-21. Exports to the US increased […]
GANDHINAGAR: The decks are clear for automaker Tata Motors to take over Ford India‘s passenger car manufacturing plant in Sanand, near Ahmedabad. Earlier this week, the Gujarat cabinet cleared a proposal submitted by the two companies to take the deal forward, top government officials confirmed. With the state’s green signal, Tata Motors will also be […]
NEW DELHI: Civil aviation regulator DGCA has fined private carrier IndiGo Rs 5 lakh for “deficient” handling of a special child who wasn’t allowed by the airline’s ground staff at Ranchi airport to board a Hyderabad-bound flight with his parents on May 7, following which the family couldn’t make the trip and later filed a […]
NEW DELHI: Bucking the slump created by Covid-19 pandemic since the past 2 years, India created 146 lakh payroll in financial year 2021-22, a report by State Bank of India (SBI) economists showed on Friday. Of this total, about 138.2 lakh payroll was created through Employees’ Provident Fund Organisation (EPFO), while 7.8 lakh of them […]
NEW DELHI: The government on Saturday said it will develop a framework to keep a check on fake reviews posted on e-commerce websites to protect consumer interest. The consumer affairs ministry along with the Advertising Standards Council of India (ASCI) held a virtual meeting on Friday with stakeholders, including e-commerce entities, to discuss the magnitude […]