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The Economic Times Indiamart rejigs senior management; appoints new CFO, CIO

Indiamart appoints Jitin Diwan as CFO, effective from May 15 & Nikhil S. Prabhakar as CIO. The company has also re-appointed Dinesh Chandra Agarwal, as its MD and CEO for 5 years with effect from January 8, 2025.

The Economic Times Eight Indian states will cross the $1-trillion mark by FY47

The states are likely to miss their goals to become a $1 trillion economy. Maharashtra has set a goal to achieve $1 trillion economy by FY28, followed by Uttar Pradesh, Tamil Nadu in 2030 and Karnataka by 2032.

The Economic Times Median CEO compensation stands at Rs 9.3 crore in 2024, up 35% compared to Rs 6.9 crore in 2020

CEO compensation surged in 2024, with median pay at Rs 9.3 crore and average at Rs 13.8 crore. Promoter CEOs earned more than professionals, and long-term incentives play a significant role in compensation structures.

The Economic Times ESG reporting witnesses increase in global variance

India has been an early adopter of corporate ESG regulations - be it mandating listed companies to spend towards corporate social responsibility or disclosing ESG parameters through the 'business responsibility and sustainability reporting', or BRSR. Since FY23, the top 1,000 listed companies in India have been disclosing over 1,600 data points pertaining to different aspects of the ESG framework as part of the BRSR.

The Economic Times Hiring by global capability centres in India slows amid western disturbances

Experts attributed the slump to a cautious approach by companies since 2023 amid multiple global headwinds - inflation, geopolitical conflict, supply side challenges and high interest rates. Xpheno data show that with 16-18% average attrition, GCCs in FY24 had a gross talent demand for over 250,000 people.

The Economic Times Tata Digital CEO steps up focus on lowering costs

Naveen Tahilyani, handpicked by Tata Sons chairman N Chandrasekaran from the group's insurance business Tata AIA Life Insurance, has been tightening spends at the digital ecommerce entity and bringing a more data-driven operational strategy to the table. Since his appointment in February, Tahilyani has been guided closely by Chandrasekaran, who is keen to push Tata Neu.

The Economic Times India Inc CXOs’ pay packets are getting fatter

CEO compensation in India Inc is on the rise, with median pay reaching Rs 9.3 crore in FY24. The average CEO compensation has surged to Rs 13.8 crore, up 40% from previous levels. About three out of every four CEOs in India now earn more than Rs 5 crore, the survey has found. CEOs earning more than Rs 20 crore in target total compensation has doubled over the last four years. Every second CEO had a target compensation of more than Rs 10 crore in FY24, compared with every third CEO in FY20.

The Economic Times Swiggy converts to public limited company ahead of IPO

With this, Swiggy is closer to joining a string of new-age internet companies looking to go public including FirstCry, Awfis and Ola Electric.

The Economic Times Tata Group in talks to acquire majority stake in Pegatron's Chennai iPhone factory

Pegatron in talks to sell Chennai iPhone unit to Tata. A person in the know said the transaction amount is set to be lower than that for the Wistron deal. Experts said Apple may want the deal closed as soon as possible because it wouldn't want any ownership confusion ahead of its annual launch.

The Economic Times How finance professionals can climb their way to becoming a CFO

Aspiring finance professionals must develop a distinctive vision for the CFO position, cultivate mentorship and sponsorship, bolster skills in critical areas, lead initiatives that create value, and engage with executive leadership and the board.

The Economic Times Vikram Solar Appoints Narayan Lodha as Chief Financial Officer

Vikram Solar appoints Narayan Lodha as Chief Financial Officer, effective April 8, 2024. With over 20 years of financial expertise, he will drive financial strategy and support the company's expansion in renewable energy.

The Economic Times Jammu and Kashmir Bank CFO Pratik Punjabi resigns

In a leadership change at Jammu and Kashmir Bank (J&K Bank), Chief Financial Officer (CFO) Pratik D Punjabi has resigned to pursue other opportunities outside the bank, effective April 5, 2024.

The Economic Times South Indian Bank Appoints Vinod Francis as New CFO

South Indian Bank promotes Vinod Francis to CFO, strengthening leadership

The Economic Times Record Rs 100 lakh crore gain in 9 months! BSE market cap hits Rs 400 lakh crore for first time

Indian stock market has hit a milestone with BSE's market cap crossing Rs 400 lakh crore for the first time. The surge, led by retail investors, reflects a Rs 100 lakh crore growth within 9 months. Nifty has soared over 16%, reaching 22,623.90.

The Economic Times When will RBI cut rates?

Experts see the central bank cutting rates from August or October but add that the rate cutting cycle will be shallow.