Latest news with #EmployeeStockOptions
Mint
a day ago
- Business
- Mint
Foreign income or stocks? Learn how to reporting, taxes & more
Employee Stock Options (ESOPs) and Restricted Stock Units (RSUs) issued by foreign companies have increasingly become part of compensation packages for Indian professionals. Yet, navigating the intricacies of reporting such foreign income and understanding associated tax implications can be complex and daunting. To address these challenges, Mint is hosting an insightful webinar titled 'Foreign ESOP/RSUs or Income: Reporting, Taxes, and More', scheduled for June 14th, at 11 AM. You can register here. 'Understanding schedule FA and the correct way to report RSUs, ESOPs, stocks and any other foreign assets is the key to avoiding stiff legal consequences including a 10 lakh penalty. We will guide you on how to fill this key form in your ITR,' said Neil Borate, Editor of Mint Money. The webinar will feature Neil in conversation with Mayuresh Kini, Co-Founder of Zinc Money. They will demystify the processes involved in accurately reporting foreign ESOPs, RSUs, and related income, along with offering clarity on tax obligations for Indian taxpayers. 'If you're an Indian resident, remember that India taxes your global income - so disclosing all your foreign assets (including RSUs) and income is a must,' said Mayuresh. Participants of this interactive session will learn about, Comprehensive guidance on reporting foreign ESOPs and RSUs in your Indian tax filings. Understanding tax treatment and obligations related to foreign-earned income. Navigating Schedule FA accurately to report foreign assets. Common pitfalls and best practices in managing cross-border financial instruments. Given the evolving global employment landscape, clarity on foreign ESOPs and RSUs is essential for tax compliance and financial optimisation. This webinar aims to equip professionals with practical tools and expert advice to manage their foreign assets confidently and effectively. Don't miss out on gaining crucial insights from industry experts. Register Now.
Mint
09-05-2025
- Business
- Mint
Stocks to watch: Titan, L&T, Paytm, BPCL, Suzlon among shares in focus today amid India-Pakistan tensions
The Indian stock market is expected to open sharply lower on Friday amid ongoing geopolitical tensions between India and Pakistan. The Gift Nifty also indicates a gap-down opening for the Indian benchmark indices - Sensex and Nifty 50. L&T, Titan Company, Coal India, Lupin, Suzlon Energy, are among the stocks to watch in today's trading session. Here's a quick look at stocks likely to be in focus in today's trade. Larsen & Toubro: Engineering and construction major L&T reported a consolidated net profit growth of 25% YoY to ₹ 5,497 crore in Q4FY25 from ₹ 4,396 crore, YoY. Revenue rose 11% to ₹ 74,392 crore from ₹ 67,078 crore, YoY. EBITDA increased 13% YoY to ₹ 8,203 crore, while EBITDA margin expanded to 11% from 10.8%, YoY. L&T recommended a final dividend of ₹ 34 per share Britannia Industries: The FMCG major's Q4FY25 net profit rose 4.2% YoY to ₹ 559.1 crore, revenue grew 8.9% to ₹ 4,432.2 crore. The company also recommended a final dividend of ₹ 75 per share. Titan Company: The Tata Group company's Q4 net profit surged 10.7% YoY to ₹ 870 crore, revenue increased 19.7% YoY to ₹ 13,477 crore. EBITDA rose 29.7% YoY to ₹ 1,438 crore, while margin expanded to 10.7% from 9.9%. The company's board recommended a dividend of ₹ 11 per share. Zee Entertainment Enterprises: Net profit in Q4FY25 jumped to ₹ 188.6 crore from ₹ 12.2 crore, YoY, while revenue rose 0.65% YoY to ₹ 2,184.1 crore. Coal India: The company and AM Green have signed a non-binding MoU for long-term renewable energy supply. Adani Power, Adani Green Energy: Adani Group and the Druk Green Power Corporation (DGPC) of Bhutan have signed a Memorandum of Understanding (MoU) to jointly develop 5,000 MW of hydropower projects in Bhutan. One97 Communications: One97 Communications CEO Vijay Shekhar Sharma, and his brother Ajay Shekhar Sharma, have settled a case with Sebi pertaining to the company's Employee Stock Options (ESOPs) by paying a total amount of ₹ 2.8 crore. Lupin: The pharma major has received approval from the US FDA for its Abbreviated New Drug Application for Raltegravir tablets USP, 600 mg. Bharat Petroleum Corporation: The PSU refiner has awarded contracts for the development of 100 MW windfarm projects — 50 MW each in Madhya Pradesh and Maharashtra. Venus Pipes & Tubes: The company received a letter of intent (LOI) from one of India's leading integrated power plant equipment manufacturers worth ₹ 190 crore. Mahindra and Mahindra Financial Services: The company's board of directors has approved a rights issue of 15.44 crore shares worth ₹ 2,996.16 crore. The eligible shareholders are entitled to one rights equity share for every eight shares held. The issue price has been fixed at ₹ 194 per share. Brigade Enterprises: The company has acquired an 11-acre land parcel in Whitefield, Bengaluru. The land will be developed into a premium commercial project with a gross leasable area of approximately 1.5 million square feet and a gross development value of over ₹ 2,000 crore. Viceroy Hotels: Company signs a 30-year Operating Agreement with Marriott Hotels India Private Limited for a new property in Madhapur, Hyderabad. (Positive) Suzlon Energy: The Letter of Award (LOA) has been issued by BPCL for the 50 MW wind project in Madhya Pradesh. Quick Heal: The company secured a ₹ 18 crore order from NFSU Research and Innovation Council for a Cyber Literacy Program. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
NDTV
08-05-2025
- Business
- NDTV
Paytm Owner, CEO, Brother Settle Stock Options Case, Pay Rs 2.8 Crore
New Delhi: One97 Communications Ltd, owner of the Paytm brand, its CEO Vijay Shekhar Sharma and his brother Ajay Shekhar Sharma on Thursday settled with markets regulator SEBI a case pertaining to the company's Employee Stock Options (ESOPs) by paying a total amount of Rs 2.8 crore. As a part of the settlement, Vijay Sharma will not accept any fresh ESOPs from any listed company for a period of 3 years, according to an order passed by SEBI. In addition, SEBI has directed One97 Communications (OCL) to cancel ESOPs granted to the two brothers. Accordingly, ESOPs of 2.1 crore and 2.23 lakh granted to Vijay and Ajay respectively were cancelled. Last month, Vijay Sharma voluntarily surrendered 2.1 crore shares worth about Rs 1,800 crore, One97 Communications stated in a regulatory filing. Further, OCL and Vijay Sharma remitted Rs 1.11 crore each, while Ajay Sharma paid Rs 57.11 lakh to settle the matter. Further, SEBI disgorged Rs 35.86 lakh from Ajay Sharma with respect to the sale of 3,720 OCL shares obtained upon exercise of the ESOPs. The order came after OCL and the two brothers approached SEBI proposing to settle the pending proceedings through a settlement order "without admitting or denying the findings of fact and conclusions of law". The matter relates to the eligibility of Vijay Sharma to receive Employee Stock Options of One97 Communications. The Securities and Exchange Board of India (SEBI) had conducted an examination in the matter of OCL and two brothers regarding the eligibility of Vijay Shekhar Sharma to receive ESOPs of the company. The regulator noted that OCL had granted 2.1 crore ESOPs to Vijay Sharma in October 2021 and 2.26 lakh ESOPs to Ajay Sharma in May 2022. Following the examination, a Show Cause Notice (SCN) was issued to them in February 2024. In its show cause notice, Vijay Sharma was allegedly disclosed as the promoter of One97 Communications in the annual returns of the company filed with the Registrar of Companies prior to the FY 2020-21. There was no material change in his rights or influence over the management of the company but Vijay Sharma declassified himself as non-promoter on July 12, 2021 just before filing of IPO documents by OCL on July 15, 2021. Further, Vijay Sharma allegedly created such a scheme through arrangement of transfer of a portion of his equity in OCL to a family trust -- created a few days prior to filing of offer documents for IPO by OCL-- controlled by him so that he could continue to exercise control over more than 10 per cent equity of OCL directly and indirectly and circumvent the provisions of the SEBI (Share Based Employee Benefits and Sweat Equity) norms for getting arbitrarily huge number of ESOPs to himself to the detriment of public shareholders. OCL allegedly allowed such actions by Vijay Sharma to circumvent norms. Also, Vijay Sharma had special rights by virtue of his position as founder of OCL and he was also the Managing Director of OCL. Hence, it is alleged that he was in a position to influence the decision-making of the Nomination and Remuneration Committee while approving grant of ESOPs to himself and his brother Ajay. It is further alleged that ESOPs granted to Ajay Sharma were under the influence of Vijay Sharma as just 10 months ago, the ESOPs granted to Ajay were cancelled citing that the Companies Act prohibits issuance of ESOPs to promoter Group and SEBI's definition of promoter group includes family members. OCL and Vijay Sharma allegedly made incorrect disclosures in the offer documents by disclosing Vijay as a non-promoter public shareholder. Vijay Sharma had not provided the necessary disclosures required to be given by the promoter of a company, including promoters' contribution and lock-in period, profile of the promoter and declarations to be submitted to the stock exchanges, details of payment or benefit to promoter, SEBI alleged.
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Business Standard
08-05-2025
- Business
- Business Standard
Pre-IPO startups urge Sebi to allow Esops for founders post-listing
Pre-IPO startups, where founder holdings have been significantly diluted, are urging the Securities and Exchange Board of India (Sebi) to allow greater flexibility in issuing Employee Stock Options (Esops) to founders—including those granted post-listing. Currently, Sebi regulations prohibit Esop issuance to promoters. However, in a recent proposal, the regulator suggested allowing founders (classified as promoters or part of the promoter group) to retain or exercise Esop benefits granted up to one year before filing draft IPO papers. Legal experts highlight that multiple funding rounds often dilute founder stakes to minimal levels, making Esops a critical tool to retain their alignment with the company's growth. Kaushik Mukherjee, partner at IndusLaw, said, 'While permitting pre-IPO Esops for founders is a positive step, post-listing incentives should also be considered. Founders drive the business, and their continued motivation benefits shareholders and the company alike.' A stock market fintech startup planning an IPO recently petitioned Sebi for relaxation on post-listing Esop issuance to founders, sources said. The appeal gains even more relevance for startups that have 'reverse flipped' to India from jurisdictions such as the US, where Esop norms are more lenient. However, experts doubt Sebi will ease restrictions further. Archana Tewary, partner at JSA Advocates & Solicitors, explained, 'Post-listing, share value is market-driven, and founder incentives must align with broader corporate governance standards. Differentiating startup founders from other listed company promoters raises parity concerns.' Akshat Khetan, founder of AU Corporate Advisory and Legal Services, added that Sebi prioritises uniformity and investor protection. 'Promoter status entails responsibilities beyond stakeholding—it's tied to the company's long-term growth, not just current ownership,' he said. The debate follows a recent case where a fintech founder had to forfeit Esops worth over Rs 1,800 crore due to regulatory constraints. While startups argue for founder-friendly Esop policies, Sebi's stance remains anchored in safeguarding investor interests, say legal experts.
Entrepreneur
07-05-2025
- Business
- Entrepreneur
GCCs Project Salary Hike of 9.9% in 2025, Attrition Hits Record Low Last Year
You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Global capability centers (GCCs) in India are projecting an average salary hike of 9.9 per cent, signalling continued focus on talent retention and capability building despite economic uncertainties, according to the latest report on "Increment & Compensation Trends in GCCs by ANSR-owned Talent500. At the same time, the sector is seeing a decline in attrition rates. The overall attrition has declined to 16.9 per cent, with voluntary attrition at a record low of 12.6 per cent in 2024, reflecting greater investment in career growth, culture, and employee experience. As organizations embrace people-centric growth models, India's GCCs are emerging as employers of choice, with a strong focus on career and leadership development, workplace culture, and personalized employee experiences. Organizations are also moving beyond traditional merit-based hikes, introducing special salary adjustments for in-demand skills, market alignment, and equity improvements. There has been a trend of rise in long-term incentives to boost retention and loyalty, wherein 71 per cent of GCCs now offer Employee Stock Options (ESOPs), Restricted Stock Units (RSUs), and Stock Appreciation Rights (SARs), emphasizing long-term wealth creation for employees. Compensation models are undergoing a transformation to offer more personalized rewards, that combines competitive pay with flexible benefits, career growth opportunities, and employee wellness programs. GCCs are increasingly leveraging AI and analytics to personalize rewards, conduct real-time pay equity audits, optimize benefits, and build agile, future-ready talent strategies. "As GCCs become core to enterprise strategy, the way they think about talent is continuously evolving — adapting to new business needs, technologies, and expectations. This year's Compensation and Benefits Survey goes beyond the numbers to explore how GCCs are rethinking their people strategies — building teams that are ready for today and prepared for what's ahead. In a world shaped by AI, shifting expectations, and rapid change, the GCCs that succeed will be the ones that treat talent as a true strategic advantage — combining agility, purpose, and a focus on future-ready leadership," said Vikram Ahuja, Co-Founder ANSR and CEO 1Wrk. As GCCs in India accelerate their evolution from operational back-offices to global innovation powerhouses, Talent500's report highlights how organizations are building resilient, people-centric workplaces that prioritize agility, personalization, and long-term value creation. With India projected to house over 2,400 GCCs and 4.5 million professionals by 2030, the survey aims to offer a roadmap for GCCs to redefine their approach to human capital, ensuring they remain at the forefront of the global business ecosystem and attract top talent. The Talent500 report is in line with an earlier report by Zinnov that also predicted that salary hikes in GCCs are projected to see a slight rise to 9.8 per cent in 2025. "Salary hikes in GCCs outpacing IT services reflect their shift from support functions to high-value, innovation-driven roles, demanding niche talent in AI, cloud, and cybersecurity. Attrition is lower because GCCs are investing deeply in career development, long-term incentives, and a differentiated employee experience that fosters loyalty," said industry expert Rituparna Chakraborty. The head of a Bengaluru-based GCC said the company's attrition is around 3 per cent and the average salary hike is 9 per cent. "The reasons for low attrition are impactful work, holistic focus on employee engagement, experience and wellness, and quarterly pulse and engagement surveys and suitable tangible actions taken to address any policy, and work environment," he said on condition of anonymity.
