Latest news with #Palia
India.com
24-05-2025
- Business
- India.com
Salary of Wipro's Rishad Premji's jumped to Rs 136121680 but CEO Srinivas Pallia's package will leave you in shock, his salary is a massive Rs....
Salary of Wipro's Rishad Premji's jumped to Rs 136121680 but CEO Srinivas Pallia's package will leave you in shock, his salary is a massive Rs.... When we talk about richest individuals in the world, Elon Musk tops the list. And as far as company executives are concerned in India, Reliance always tops the list. But do you know, there is huge gap between a Executive Chairman and CEO's remuneration of a Indian company even after pay hike. Yes, we are talking about Wipro. Wipro Executive Chairman Rishad Premji's remuneration has doubled to about Rs 13.7 crore in the financial year 2024-25. However, this is much less than the annual income of about Rs 53.64 crore of the company's Chief Executive Officer (CEO) Srinivas Palia. This information has been given in the company's latest annual report. This is because, Rishad Premji did not take any 'commission' in FY 2023-24 as the company's incremental consolidated net profit was negative that year. That year he took a salary of about Rs 6.4 crore with a pay cut of about 20 percent. However, the Bengaluru-headquartered company's net profit grew 18.9 per cent to Rs 13,135.4 crore during FY 2024-25. According to the '20-F filing' (annual report) submitted by Wipro to the US Securities and Exchange Commission, Premji's remuneration will double to about Rs 13.7 crore in the financial year 2024-25, from about Rs 6.4 crore in the financial year 2023-24. At the same time, Srinivas Palia, who took over as CEO and Managing Director on April 7, 2024, received a remuneration of about Rs 53.64 crore in the financial year 2024-25. Palia's remuneration is less than half the salary of the company's former CEO Thierry Delaporte. Delaporte received a salary of around Rs 168 crore in the financial year 2023-24. According to the documents, Palia earned nearly $1.7 million as salary and allowances, nearly $1.7 million as commission/variable pay, nearly $2.8 million classified as 'other' and $68,850 as long-term compensation. According to this, Premji and Palia are entitled to get 'commission' at the rate of 0.35 percent on the incremental integrated net profit of the company compared to the previous financial year. In addition, Palia was also allotted 16,77,202 share options with different 'lock-in' periods. However, Premji was not given any share option in the financial year 2024-25.
New Indian Express
01-05-2025
- Health
- New Indian Express
Puri police conduct mock drill at Jagannath Temple to assess emergency response for Rath Yatra
BHUBANESWAR: Ahead of Rath Yatra next month, Puri police conducted a mock drill on Wednesday to assess the preparedness and coordination among various departments to respond to any medical emergency at the Shree Jagannath Temple during the festival. The objective of the exercise was to assess the preparedness and coordination among cops, temple administration, Health department and other emergency response teams during any medical exigency that may arise on the temple premises, especially during peak hours and festive days, police said. The mock drill was carried out to strengthen emergency response mechanisms, enhance inter-agency coordination and ensure the safety and well-being of devotees and sevayats inside the temple, they added. As part of the exercise, a mock medical emergency situation was enacted where a dummy devotee collapsed near the sanctum sanctorum (Garbha Gruha). The medical staff provided first aid to the unwell dummy devotee, following which he was swiftly evacuated on a stretcher through the shortest exit path in the temple. Police officers, ambulance and medical staff, and officials of Shree Jagannath Temple Administration (SJTA) as well as Odisha Fire and Emergency Service participated in the mock drill. Their roles and responsibilities were assigned as per the standard operating procedure (SOP). The internal communication and alerting systems, including the VHF sets, were tested to ensure their efficiency and timeliness. The drill was carried out without causing any disruption to the temple rituals or the movement of the devotees. 'Ensuring the safety of devotees and sevayats inside the Shree Jagannath Temple is our top priority. This mock drill was designed to test and strengthen our readiness to handle medical emergencies promptly and effectively,' said Puri SP Vinit Agrawal. Such drills are crucial in building confidence among the devotees and the staff while also identifying the potential gaps in the mechanism to deal with any medical emergency. The involvement and support of the local community further strengthened the objective of the exercise, he added. Meanwhile, earlier in the day during Akshaya Tritiya celebrations, which marked the commencement of 'Rath Nirman' (construction of the chariots) and Chandan Jatra of Lord Jagannath, police formed a human chain to create a dedicated corridor for Palia sevayats to facilitate their smooth entry into the temple amid the huge rush of devotees.
