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India.com
6 hours ago
- India.com
Ratan Tata's Tata Group CFO salaries will SHOCK you! Highest-paid CFO earned Rs 210900000 in FY25, name is...
(File) Tata Group CFO salary: Top Chief Financial Officers (CFOs) of the Tata Group earned hefty annual salaries in FY25, with PB Balaji, the Group CFO of Tata Motors, emerging as the conglomerate's highest-paid CFO, followed by Tata Steel CFO Koushik Chatterjee, and Sanjeev Churiwala of Tata Power. PB Balaji highest-paid Tata Group CFO According to annual CFO compensation figures disclosed by listed Tata Group companies, PB Balaji, the Group CFO of Tata Motors, received a total salary of Rs Rs 21.09 crore in previous fiscal, making him the highest-paid finance executive of the group. Balaji's salary witnessed an increase of 1.47% from the previous year, the company said in its annual report. Tata Steel Executive Director and CFO Koushik Chatterjee was the second-highest paid CFO of the group, earning a total of Rs 13.99 crore in remuneration in FY25, including 5.28 crore in salary and allowances, Rs 2.33 crore in perquisites, and Rs 4.76 crore in commission and performance-linked incentives. Chatterjee's annual remuneration saw an 2.86% over the last fiscal, around 164.71 times the median employee salary at Tata Steel. Tata Group CFO salaries Meanwhile, Tata Power CFO Sanjeev Churiwala and Tata Chemicals CFO Nandakumar S. Tirumalai, received total renumerations worth Rs 7.08 crore, and Rs 3.42 crore, respectively, in FY25, according to details. Churiwala's total earnings saw a 3.29% increase compared to FY24, and included Rs 6.47 crore in salary and allowances, Rs 27.91 lakh in perquisites, and Rs 33.29 lakh in retirement benefits. Tirumalai's pay increased by 0.95% over last year, and his total earnings of Rs 3.42 crore included Rs 3.26 crore in gross salary and Rs 16.65 lakh listed under 'other' components. Notably, not all of Tata Group's 20 listed companies have disclosed their annual CFO salaries, including TCS and Tata Elxsi, who said that the FY25 remuneration is not comparable with FY24 as the prior year covered only part of the tenure, thus the renumeration for FY25 was not disclosed.
The Print
6 hours ago
- The Print
Sensex, Nifty tumble 1 pc on weak global trends, geopolitical tensions
Snapping its six-day winning streak, the broader NSE Nifty tumbled 253.20 points or 1.01 per cent to 24,888.20. The 30-share BSE Sensex dropped 823.16 points or 1 per cent to settle at 81,691.98 with 27 of its constituents declining and three ending higher. During the day, it plunged 991.98 points or 1.20 per cent to 81,523.16. Mumbai, Jun 12 (PTI) Benchmark Sensex tanked 823 points on Thursday following a selloff in oil & gas, power and capital goods shares in tandem with weak global market trends amid growing tensions in the Middle East. Fresh foreign fund outflows also dented investors' sentiment, traders said. Among Sensex stocks, Tata Motors, Titan, Eternal, Power Grid, Tata Steel, Larsen & Toubro, Mahindra & Mahindra and Hindustan Unilever were among the biggest laggards. Bajaj Finserv, Asian Paints and Tech Mahindra were the gainers. 'Consolidation in domestic markets is evolving into a broad-based trend, now extending to large-cap stocks. Valuation concerns and rising oil prices — driven by Middle East tensions — are fuelling risk aversion among investors. 'Adding to the uncertainty, the US is considering unilateral tariff hikes on several key trading partners, with a decision expected within the next one to two weeks, ahead of an early July deadline,' Vinod Nair, Head of Research, Geojit Investments Limited, said. The BSE midcap gauge tanked 1.52 per cent and smallcap index dropped 1.38 per cent. Among sectoral indices, power tumbled 2.19 per cent, utilities (2.18 per cent), oil & gas (2.10 per cent), realty (2.07 per cent), consumer durables (2.02 per cent), industrials (1.98 per cent), auto (1.71 per cent), consumer discretionary (1.67 per cent) and metal (1.63 per cent). As many as 2,729 stocks declined while 1,282 advanced and 140 remained unchanged on the BSE. 'The sell-off was triggered by a combination of factors, including renewed geopolitical tensions between Israel and Iran, a rise in crude oil prices, and expiry-related pressure following the breakdown of a key support level. These developments have made market participants more cautious,' Ajit Mishra – SVP, Research, Religare Broking Ltd, said. Meanwhile, a London-bound Air India plane carrying 242 passengers and crew crashed in a residential area minutes after taking off from the Ahmedabad airport on Thursday afternoon. Many people were feared killed. Shares of aircraft manufacturer Boeing plunged nearly 8 per cent in pre-market trade on Thursday. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 446.31 crore on Wednesday, according to exchange data. Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said investors exited stocks at will weighed down by weak global sentiment coupled with the possibility of Israel attacking Iran and renewed tariff threat by US President Donald Trump'. In Asian markets, South Korea's Kospi and Shanghai's SSE Composite index settled in the positive territory, while Japan's Nikkei 225 index and Hong Kong's Hang Seng ended lower. Equity markets in Europe were trading in the negative territory. US markets ended lower on Wednesday. Global oil benchmark Brent crude declined 1.43 per cent to USD 68.77 a barrel. On Wednesday, the 30-share BSE Sensex rose by 123.42 points or 0.15 per cent to settle at 82,515.14. The Nifty ended 37.15 points or 0.15 per cent up at 25,141.40. PTI SUM MR MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
The Print
6 hours ago
- The Print
Investors' wealth erodes by Rs 5.98 lakh cr as mkts tumble
The 30-share BSE Sensex dropped 823.16 points or 1 per cent to settle at 81,691.98. During the day, it plunged 991.98 points or 1.20 per cent to 81,523.16. Benchmark indices Sensex and Nifty declined 1 per cent in tandem with weak global market trends amid growing tensions in the Middle East. New Delhi, Jun 12 (PTI) Investors' wealth eroded by Rs 5.98 lakh crore on Thursday, tracking weak trends in equities where the BSE Sensex tumbled 1 per cent. The market capitalisation of BSE-listed firms dropped by Rs 5,98,759.27 crore to Rs 4,49,58,383.92 crore (USD 5.26 trillion). 'The selloff was triggered by weak global cues, volatility from the weekly F&O expiry, and renewed concerns over global trade and geopolitical tensions. Investors reacted to feeble global cues as markets assessed the uncertain outcome of US-China trade negotiations and rising tensions in the Middle East, which pushed oil prices higher and weighed on risk appetite. 'The weekly expiry of derivatives contracts added to intraday volatility and profit-booking, amplifying the downward move,' Satish Chandra Aluri, Analyst at Lemonn Markets Desk, said. From the Sensex firms, Tata Motors, Titan, Eternal, Power Grid, Tata Steel, Larsen & Toubro, Mahindra & Mahindra and Hindustan Unilever were among the biggest laggards. Bajaj Finserv, Asian Paints and Tech Mahindra were the gainers. Among sectoral indices, power tumbled 2.19 per cent, utilities (2.18 per cent), oil & gas (2.10 per cent), realty (2.07 per cent), consumer durables (2.02 per cent), industrials (1.98 per cent), auto (1.71 per cent), consumer discretionary (1.67 per cent) and metal (1.63 per cent). As many as 2,729 stocks declined while 1,282 advanced and 140 remained unchanged on the BSE. The BSE midcap gauge tanked 1.52 per cent and smallcap index dropped 1.38 per cent. PTI SUM SUM SHW This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
