Tata Motors shareholders turn down higher pay packet to 3 directors

July 04, 2014 14:25

In a rare case of investor activism on managerial remuneration, shareholders of Tata Motors, India's biggest automotive maker, rejected compensation payment in excess of prescribed limits to three directors.

The company did not get the required 75 per cent votes in a postal ballot to compensate Executive Director (commercial vehicles) Ravindra Pisharody, Executive Director (quality) Satish Borwankar and the legal heir of former managing director Karl Slym (who died in January) in excess of the limits for the year ended March. Read more

« Back to LIVE

TOP STORIES

Phase 1: Highest voting in Tripura; violence in Bengal

Minor EVM glitches were reported at some booths in Tamil Nadu, Arunachal Pradesh, Andaman and Nicobar Islands and Assam.

Polling officials trek 18 km through dense forest for elderly tribal's vote

In the tribal village of Edamalakkudy, nestled deep within this hill district's lush forests, lives 92-year-old Sivalingam. Despite his age and being bedridden, Sivalingam's determination to vote remains strong.

In Pictures - Rajini, Jaggi Vasudev vote as world's largest polls begin

Here are some of the famous faces queued up to get ink mark on their fingers.

Khwabon Ki Rani Mirnalini

The Romeo actor has mastered the art of making each outfit look stylish.

10 Tips To Sleep On Time

When you watch TV or browse through your phone while in bed, you're teaching your brain that's how people should spend their nights, says Clinical Psychologist Mehezabin Dordi.