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Business Standard
12 hours ago
- Business
- Business Standard
CEO compensation in India rose to ₹7.2 crore in FY24, shows study
The average compensation for chief executive officers (CEOs) of listed companies in India has reached ₹7.2 crore, reflecting an annual growth rate of 9 per cent over the past decade, according to a study by executive search firm Resource Bridge. In contrast, chief financial officers (CFOs) earned an average of ₹2.3 crore during the same period, with their compensation increasing 1.7 times since FY15. According to the CEO Compensation Report 2025 and CFO Compensation Report 2025, CEOs in the manufacturing sector continue to receive some of the most lucrative salary packages. Meanwhile, CFOs in service-driven industries have emerged as the highest-paid among their peers. The findings are based on an analysis of annual reports from nearly 1,000 publicly listed companies, alongside publicly available financial data. The dataset spans financial years 2014-2015 (FY15) to 2023-2024 (FY24) and covers more than 20 industry sectors. The report showed that multinational corporations (MNCs) continue to offer higher executive salaries than Indian-owned firms. Ownership structure also plays a decisive role in executive compensation. Firms that cross major turnover thresholds -- ₹5,000 crore, ₹50,000 crore and ₹1 trillion -- show significant increases in CEO and CFO pay levels. Executives based in North India command the highest salaries, while those in the East consistently receive the lowest compensation. This pattern holds across sectors and company sizes. 1 in 5 Nifty 50 CEOs earned ₹50 crore in FY24 The proportion of CEOs and managing directors at Nifty 50 firms earning more than ₹50 crore in FY24 has more than doubled since FY19. In FY24, 22 per cent of CEOs and MDs surpassed the ₹50 crore mark, compared to just 10 per cent five years earlier. Among the 10 promoter-CEOs, 30 per cent received compensation above ₹50 crore in FY24, up slightly from 27 per cent in FY19.
IOL News
6 days ago
- Automotive
- IOL News
EXCLUSIVE: Durban City FC chairperson Farook Kadodia looking to revive Indian community interest in PSL football
Gavin Hunt and Farook Kadodia Gavin Hunt and Farook Kadodia accept a small fleet of BMW's as part of their partnership with the car brand. DURBAN City FC chairperson Farook Kadodia is looking to revive the interest of the Indian community in South African football with his newly-promoted Betway Premiership side. Speaking exclusively to Independent Newspapers at the announcement of their sponsorship from the BMW Durban South on Tuesday, Kadodia insisted that although this is not something he 'wanted to publicise', but felt he it was important to highlight the need for Indian representation in the local professional league. According to Kadodia, when he first formed Maritzburg United (now changed to Durban City), they were part of three Indian-owned teams in the PSL along with Manning Rangers and Santos FC. 'I come from the days where we used football as a method to demonstrate our stance against apartheid. There used to be an all-African league, an all-white league and then we had a league with players from all racial groups in it," said Kadodia. "I grew up in the sort of mixed fraternity where we fought and struggled together. I think football is a lot like that, because it's a fight to stay in this league. It's tough and you need to have your best all the time. But I'm a football fanatic, I don't think giving up is an option."
Indian Express
19-07-2025
- Business
- Indian Express
Fishers' body slams Govt for allowing deep-sea vessels
The All India Deep Sea Fishers' Association has come out against the Union Fisheries Ministry's decision to allow large vessels to operate in deep-sea areas beyond India's sovereign maritime zone. In a letter to Union Minister for Fisheries, Animal Husbandry & Dairying and Panchayati Raj Rajeev Ranjan Singh, the association said the decision will impact the fortunes of small-scale traditional fishing vessels. Association chief Charles George said the decision to allow Indian-owned vessels in deep sea was part of the Blue economy policy of the Union Government unveiled in 2020. 'We request the Union government… revitalise small-scale and traditional fishermen through modernisation, cooperative strengthening and fair subsidies.'' Urging the government to reject the push for industrial deep-sea vessels, the association said such a move will only worsen ecological and economic crises. George said as per Central government data, 3,14,677 fishing vessels operate within India's Exclusive Economic Zone (EEZ). 'However, sustainable fishing practices require only 93,287 vessels… Yet, we cannot outright claim that we have crossed sustainability thresholds because we have predominantly small-scale and traditional vessels.'' The body rejected the government stand that allowing large vessels for deep-sea fishing will help tap the hitherto untapped resources. 'Only 4 per cent of India's fish wealth lies in deep waters… due to scarcity in deep waters, these vessels eventually encroach into near-shore zones. Now, with 1.5 to 4 lakh-watt LED lights at the huge vessels attracting fish from coastal waters, the pressure on already strained near-shore ecosystem will intensify… devastate thousands of small-scale boats operating in deep waters, where 64,000 fishermen are working,'' said the association chief.
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Business Standard
19-07-2025
- Business
- Business Standard
Pakistan extends ban on Indian flights in its airspace till August 24
Pakistan has extended the closure of its airspace for flights operated by Indian airlines by another month till August 24, the Pakistan Airports Authority (PAA) said. No aircraft operated by Indian airlines, or military and civilian flights that are Indian-owned or leased, will be allowed to use Pakistani airspace, according to a NOTAM (notice to airmen) that came into effect at 3:50 pm India time on Friday. The ban will remain in place till August 24 at 5:19 am (India time), the PAA said. The Indian airspace is also closed to all Pakistani aircraft till July 24 after a ban was imposed first on April 30 as part of measures taken by the Indian government against Pakistan in the wake of the Pahalgam terror attack that killed 26 people on April 22. Pakistan shut its airspace for Indian aircraft on April 24 and the tit-for-tat restrictions by the two nations have been extended multiple times. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Mint
19-07-2025
- Business
- Mint
Pakistan extends airspace ban for Indian airlines until August 24
The Pakistan Airports Authority (PAA) said that Pakistan has extended the closure of its airspace for flights operated by Indian airlines by another month, till August 24. 'No aircraft operated by Indian airlines, or military and civilian flights that are Indian-owned or leased, will be allowed to use Pakistani airspace,' according to a NOTAM (notice to airmen) that came into effect at 3:50 pm India time on Friday. The ban will remain in place till August 24 at 5:19 am (India time), the PAA said. India has extended its ailiverspace ban on all Pakistani aircraft until July 24, a measure initially imposed on April 30 in response to the Pahalgam terror attack on April 22, which left 26 people dead. In retaliation, Pakistan closed its airspace to Indian aircraft on April 24. The tit-for-tat restrictions have been renewed several times by both countries.
