EXECUTION
Are public executions on the rise in North Korea? The Hermit Kingdom seeks to curb cultural influence from South Korea
A report by the South Korean Ministry of Unification has pointed out that there are a growing number of public executions in North Korea. The hermit kingdom has actively sought to curb cultural influence from its southern neighbor and there are severe punishments to enforce these laws.
Sanjay Jha appointed JDU's national executive president; thanks Nitish Kumar for 'huge responsibility'
Janata Dal-United (JDU) leader and Rajya Sabha MP Sanjay Jha has been appointed as the party's national executive president on June 29 while Bihar Chief Minister Nitish Kumar will continue to be the national president.Sanjay Jha appointed JDU's nat...
Haryana assembly polls: First session of BJP executive meeting begins in Panchkula
On Saturday, the first session of the BJP's extended state executive meeting began in Panchkula to strategize for the upcoming Haryana assembly elections. The event was attended by Union Education Minister Dharmendra Pradhan, election in-charge for Haryana, co-in-charge Biplab Kumar Deb, Chief Minister Nayab Singh Saini, his predecessor and Union minister Manohar Lal Khattar, and senior leader Saudan Singh.
ITC chairman's net remuneration in FY24 grew 80%, executive directors also got more
As the ITC chairman, I oversee a team of executive directors whose remuneration has significantly increased in FY24. The increments are linked to our financial performance and market competitiveness, with specific focus on performance bonuses, long-term incentives, and commissions.
JDU national executive to discuss current political situation
JDU is holding its national executive meeting in New Delhi following the Lok Sabha election results. The meeting comes amid a demand from a section of the BJP in Bihar for the party to field its chief ministerial candidate in the next assembly elections. JDU and BJP leaders have dismissed claims of mistrust between the two parties.
Financial industry grappling with AI's gifts and perils, executives say
Zack Kass, a former head of business partnerships at OpenAI said AI systems could be better than humans at explaining to clients why they arrived at recommendations like portfolio allocations or lending decisions. He added that people are not good at explaining subconscious biases that could affect such decisions.
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Taiwan warns against travel to China after execution threat
Taiwan's government raised its travel warning for China, urging citizens to avoid non-essential travel following Beijing's threat to execute "diehard" Taiwan independence supporters. The warning also applies to Hong Kong and Macau. China, which considers Taiwan its territory, has escalated tensions by issuing new legal guidelines targeting Taiwan independence advocates, prompting condemnation from Taiwan and the United States.
BPCL sees nearly flat annual crude processing, executive says
Bharat Petroleum Corp (BPCL) anticipates no major changes in its annual crude processing for the current fiscal year despite a planned maintenance shutdown. BPCL will temporarily close a 120,000 bpd crude unit at its 310,000 bpd Kochi refinery for a month starting mid-September, stated Sanjay Khanna, BPCL’s head of refineries. Last fiscal year, BPCL processed nearly 800,000 bpd across its three refineries. BPCL is also expanding its Bina refinery to 220,000 bpd by mid-2027 and constructing a petrochemical plant to be operational by mid-2028.
Sebi eases trading norms for company insiders
"Insider may make adjustments, with the approval of the compliance officer, in the number of securities and price limit in the event of corporate actions related to bonus issue and stock split occurring after the approval of trading plan and the same shall be notified on the stock exchanges on which securities are listed," Sebi said .
New home supply falls 13 pc in Apr-Jun as builders launch fewer projs due to polls: PropEquity
PropEquity data shows that new housing supply in April-June is estimated to fall to 97,331 units across nine major cities as against 1,11,657 units in the year-ago period.
China sanctions several Lockheed Martin units, three executives over arms deals with Taiwan
Named under the sanctions were Lockheed Martin Missile System Integration Lab, Lockheed Martin Advanced Technology Laboratories and Lockheed Martin Ventures. Top executives James Donald Taiclet, Frank Andrew St John and Jesus Malave were listed as banned from travelling to China.
NBFCs need to focus on compliance, risk and liquidity, says RBI executive director R Lakshmi Kanth Rao
Non-banking finance companies (NBFCs) were advised by RBI executive director R Lakshmi Kanth Rao to prioritize compliance, risk management, liquidity management, and customer protection. Rao emphasized the regulatory differences between banks and NBFCs, noting the need for NBFCs to enhance compliance systems and balance business with prudence.
RBI to ease compliance burden while fine tuning regulations to address evolving risks
RBI Governor Shaktikanta Das emphasized the importance of strong governance and resilient financial systems at the global conference on financial resilience. Highlighting new guidelines set for release next month, Das noted the need for clear roles and responsibilities for boards and executive management, balancing business growth with robust risk management to ensure long-term success
FSIB shortlists five for executive director positions
FSIB shortlisted five CGMs for ED positions in public sector banks after interviewing 57 candidates. Vaheed, Rajeeva, and Majumdar are top three in the list, while Surendran and Srivastava are number four and five.
Myth debunking 101: Those with weaknesses can’t be leaders
Simon Sinek emphasizes that great leaders are honest about their weaknesses, challenging the misconception of equating leadership with strength. Leaders are expected to possess honesty, effective communication skills, and the ability to lead, while also acknowledging their weaknesses and flaws.
Most of top-level executives have positive perception of GST: Deloitte survey
A Deloitte survey shows growing confidence in India's GST among C-suite executives, with 84% perceiving it positively in 2024, up from 72% in 2023. Key reforms suggested include rationalizing tax rates, improving dispute resolution, and enhancing automation and technology. The survey also highlights the need for further simplification and support for MSMEs.
What will be the key focus areas in the Budget? Ajay Bagga answers
Infrastructure building, indigenisation on imports of institution as well as raising the levels of employment, rural demand, I think all those will remain focus areas.
Industry executives a worried lot: Why India-China tensions are equal to a big headache for electronics makers
Indian electronics manufacturers have suffered $15 billion in production losses and 100,000 job cuts due to escalating tensions with China. Visa delays for Chinese executives are hindering the industry's expansion plans, leading to a $10 billion export opportunity loss and $2 billion in value addition loss. Government probes into Chinese companies operating in India have further impacted the sector.
Axis Bank’s retail head quits; new compliance chief named
Sumit Bali, the group executive for retail lending at Axis Bank, resigned from his role on Wednesday.
ARCL executes first tripartite repo in corporate debt
ARCL Tri-party repo product in corporate debt securities was launched by Finance minister Nirmala Sitharaman in July last year.
Focus and execution will increase on affordable housing: Prashant Thakur
Now, the definition of affordable needs to be increased. There were certain incentive that have been rolled back. So, these are the demands which were unmet and I strongly believe that with this government coming back in power the focus will be there and we will see an overall spurt in affordable housing which was lagging significantly.
Unacademy’s Hemesh Singh joins other founders who donned non-executive roles
Unacademy's Hemesh Singh on Saturday stepped down as CTO of the company, moving to an advisory role. This is one of the many top-deck changes reported in startups over the past year. Here's a look at some of the key changes announced by startups in their leadership.
CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee
Top paid female CEOs in 2023 include Lisa Su, Mary Barra, Jane Fraser, Kathy Warden, and Carol Tome. Lisa Su of Advanced Micro Devices led with USD30.3 million. Female CEO median pay rose 21% to USD17.6 million, outperforming male counterparts.
Qatar Airways in talks with Australia to increase flights
Qatar Airways Chief Executive Badr Mohammed Al-Meer said on Monday the airline was in talks with the Australian government to operate more flights. "We see it moving in a positive way," he told reporters in Dubai, adding that he was hopeful of a positive response within a few months.
RBI approves a Committee of Executives (CoE) in Tamilnad Mercantile Bank as an interim arrangement
RBI approves Committee of Executives in Tamilnad Mercantile Bank as an interim arrangement. CoE comprises S Narayanan, D Ramesh, PR Ashok Kumar. Bank selecting suitable candidates for top post, unclear why Krishnan's successor not selected after 8 months. TMB had only one whole time director.
GSK blood cancer drug nearly halves risk of death in late-stage trial
In the trial of 302 patients with relapsed or difficult-to-treat multiple myeloma, 71% of those who received Blenrep in combination with the steroid dexamethasone and pomalidomide were alive without their disease worsening at the end of a year. That compared with progression-free survival (PFS) of 51% of those who were treated with pomalidomide, dexamethasone and bortezomib. Pomalidomide is a generic version of Bristol Myers Squibb's Pomalyst, while bortezomib is the generic of Takeda Pharmaceuticals' Velcade.
HUL managers a happy bunch, 200 execs took home Rs 1 cr pay in FY24
In the last fiscal year, 200 managers at Hindustan Unilever (HUL) earned over Rs 1 crore annually, a slight decline from 205 in FY23 but an increase from 163 in FY22. The median employee salary at HUL rose by 7.38% in FY24, down from 10.73% in FY23, with non-managerial staff seeing a 4.4% salary hike. Notably, one-third of HUL's high-earning executives were under 40, continuing a trend from the previous year.
India Inc doubles down on getting the gender mix right
Naina Lal Kidwai, chairperson of Rothschild & Co, who is also on the board of directors of Biocon and UPL, said one of the big factors fuelling this change is ESG reporting. Companies, especially the larger ones, are seeking ratings from global firms like Moody’s where one of the questions being asked is around diversity and inclusion. Indian companies also need to disclose Business Responsibility and Sustainability reporting besides adhering to integrated reporting where ESG etc, is being integrated into annual reports.
To send a symbolic message across, SIT sends women cops to execute Prajwal Revanna's arrest warrant at Bengaluru airport
Suspended JD(S) MP Prajwal Revanna, who arrived at Bengaluru airport in the early hours of Friday, was accompanied by a team of women police personnel, including women IPS officers. They were there to execute the arrest warrant against him in connection with three sexual assault cases.
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