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Tata Motors shareholders reject pay hike proposals of three executives

MUMBAI: Institutional investors and public shareholders in Tata MotorsBSE 0.70 % defeated proposals by the company on remuneration for three executives on the grounds that profit in the year to March was inadequate, in a move that reflects increasing activism by non-promoters. The company disclosed the result of the postal ballot on Thursday. At the same time, plans by the ... Read More »

Rajinikanth plays dual avatar in ‘Lingaa’

Chennai: Superstar Rajinikanth, who is currently busy shooting for Tamil actioner “Lingaa”, will be seen in dual avatar in the film. He will be playing a district collector and an unknown role in a flashback sequence. “Rajini sir is playing double role in the film. He plays a district collector in the present day of the story, while he will ... Read More »

Apollo Hospitals rejigs designations at top level

In a major rejig at its top level, Healthcare major Apollo Hospitals has re-designated Preetha Reddy and Shobana Kamineni as Executive Vice-Chairpersons with immediate effect in a move aimed at reorganisation in line with their expanded roles. The company has also re-designated Suneeta Reddy and Sangita Reddy as Managing Director and Joint Managing Director respectively. Board of Directors of the ... Read More »

Petrol price hiked by Rs 1.69/litre, effective from today

New Delhi: Petrol price was on Monday hiked by a steep Rs 1.69 per litre and diesel by 50 paise a litre as the crisis in Iraq spooked international oil and currency markets. The hike, effective from Tuesday, excludes local sales tax or VAT and the actual increase will be higher, varying from city to city. Petrol in Delhi will ... Read More »