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Google to pay CFO Porat more than $70 million

Last Updated: Saturday, March 28, 2015, 01:36

Google Inc said it would pay its new Chief Financial Officer, Ruth Porat, more than $70 million through a combination of restricted stock units and a biennial grant.

Infosys to give 6.5-9% hike this year

Last Updated: Friday, March 27, 2015, 16:37

Country's second largest software services firm Infosys will give out pay hikes in the range of 6.5 percent to 9 percent to employees in India for the financial year 2015-16.

Dijsselbloem puts ABN Amro sale on ice over pay hikes

Last Updated: Friday, March 27, 2015, 15:30

Dutch Finance Minister Jeroen Dijsselbloem said Friday he was delaying a decision to sell state-owned bank ABN Amro following much-criticised reports about huge pay raises for the bank`s top management.

Pay Point aspires to be a universal bank: Meghani

Last Updated: Sunday, March 22, 2015, 10:49

Payment solutions company Pay Point India, which is awaiting Payments Bank licence, has said Sun Pharma's ED Sudhir Valia will hold minority stake in the entity that aspires to become a universal bank in 3-5 years.

Sr managers paid 11.7 times higher than lower level staff

Last Updated: Thursday, March 5, 2015, 14:49

Reflecting a increasing pay disparity in India during last six years, senior managers have been paid 11.7 times more than their lower level workers, according to a Hay Group study.

Visa Europe plans credit card-cloaking that could pave way for Apple Pay

Last Updated: Tuesday, February 24, 2015, 14:45

Visa Europe said on Tuesday it would offer a secure way for consumers to pay retailers with their smartphones while concealing credit card details, a move that could set the stage for Apple`s Apple Pay and rival payment services to be introduced into Europe in coming months.

Citigroup cut CEO Corbat's pay by 10% to $13.1 mn in 2014

Last Updated: Friday, February 20, 2015, 23:27

Citigroup Inc cut Chief Executive Michael Corbat`s pay by about 10 percent in 2014, a year in which the bank`s profit nearly halved due to higher legal costs and a slump in bond trading.

Air India set to go for 'restructured' pay scales for staff from March

Last Updated: Monday, February 2, 2015, 22:39

Air India has said that it is likely to implement "restructured" pay scales for its staff from next month with a majority of its employees' unions having come on board on the proposal.

China`s Xi Jinping gets 62% pay rise: Report

Last Updated: Tuesday, January 20, 2015, 19:16

Xi`s basic monthly pay will go up to 11,385 yuan ($1,832) from 7,020 yuan, the China Daily said, citing announcements by the ministry of human resources and social security.

'Cyber crooks scouting for vulnerabilities in Apple Pay'

Last Updated: Monday, December 29, 2014, 15:43

Cyber criminals are looking at ways to exploit tech giant Apple's recently-launched digital payment solution Apple Pay, according to top cyber security solutions firm Trend Micro.

China's bankers enjoy first pay hike since global financial crisis

Last Updated: Thursday, December 25, 2014, 06:07

Chinese investment banks have awarded pay rises to their staff for the first time since the 2008 global financial crisis, buoyed by a surge in China-related deals, but salaries and bonuses still trail far behind those paid by Western banks.

Executives get 10-12% pay hike; more women join boards in 2014

Last Updated: Wednesday, December 24, 2014, 12:52

The passing-by year also witnessed an improved gender and age diversity in board rooms, partly due to new regulations, and nearly 500 publicly listed companies have recruited at least one woman director for the first time.