Kerala government hikes DA by 10 per cent to staff

Last Updated: Wednesday, November 13, 2013, 17:49

In a decision that will cheer lakhs of government employees and pensioners, Kerala Cabinet on Wednesday announced a 10 per cent increase in the dearness allowances of their salaries.

Europe set to allow banker bonus cap to hit 250 percent of salary

Last Updated: Thursday, October 24, 2013, 10:56

The European Banking Authority issued a consultation document on Wednesday detailing aspects of a "discount rate" that banks can apply under the European Union`s new bonus rules.

‘Average wages in India could quadruple by 2030'

Last Updated: Monday, September 30, 2013, 18:36

The wage gap between developed countries and emerging market economies like India, China, and the Philippines, are likely to shrink significantly by 2030, and the average Indian wage could more than quadruple over the said period, says a PwC report.

Tough business takes a toll on airline CEO salaries

Last Updated: Sunday, September 29, 2013, 21:57

Amid turbulent times in the aviation space, top executives of listed carriers have seen their salaries coming down, with low-cost SpiceJet's CEO taking the biggest cut.

Central Union welcomes 7th Pay Commission; seeks revision every 5 yrs

Last Updated: Wednesday, September 25, 2013, 13:59

Trade union representing central government employees today welcomed the announcement to set up the 7th Pay Commission, but demanded that recommendation be implemented with retrospective effect from January 1, 2011.

SEBI mulls new norms for CEO pay, whistleblower policy

Last Updated: Sunday, September 22, 2013, 15:21

In a major overhaul of corporate governance norms, SEBI will soon put in place stringent checks against unjustifiable CEO salaries at listed companies and ask them to adopt a whistle-blower policy to protect the employees exposing any wrongdoings by the top management.

Million dollar salaries of A-list Hollywood stars revealed

Last Updated: Saturday, September 14, 2013, 19:19

Not only do A-list celebs demand tens of millions of dollars just for one role in one movie, but they also get paid pretty heavily to endorse products for companies.

Govt to review executive compensation practices at companies

Last Updated: Tuesday, June 18, 2013, 16:11

The government is looking to review the guidelines governing executive pay practices at the companies to bring them in tune with the changing times in terms of the economic advances in the country.

Saudi to again hire Indian maids - on reduced salaries

Last Updated: Wednesday, June 12, 2013, 14:14

Saudi Arabia will resume the hiring of Indian female domestic workers but on less salaries than before, Xinhua reported Wednesday citing the Al Hayat newspaper.

AI spent Rs 1,803 crore on pending staff salaries last year

Last Updated: Friday, May 24, 2013, 19:42

Of the Rs 6,000 crore received in 2012-13, the airline spent Rs 1,803 crore on pending staff salaries, paid off Rs 1,253 crore as jet fuel dues to oil marketing companies and Rs 1,100 crore as loan and interest payments for aircraft acquired, official data showed.

Huge salary disparity between owner, professional CEOs: Study

Last Updated: Wednesday, May 8, 2013, 20:34

The owner CEOs of Indian companies get much higher salaries than their professional peers, while the top management pay in private sector is also much higher than their public sector counterparts, a study said Wednesday.

IBM CEO Virginia Rometty paid $15.4 mln in her first year at firm

Last Updated: Wednesday, March 13, 2013, 15:34

The Chairman and CEO of IBM, Virginia Rometty earned 15.4 million dollars in her first year at the firm, an analysis of regulatory documents has revealed.