Tag Archives: Compensation

Microsoft Chairman and CEO Satya Nadella has been awarded a staggering compensation package of $79.106 million (approximately ₹665.15 crore) for the fiscal year 2024, according to a recent filing with the US Securities and Exchange Commission (SEC) dated October 24, 2024. This marks a significant 63% increase from his previous year's earnings and is the highest compensation he has received since taking the helm at Microsoft in 2014.

A recent incident involving IndiGo Airlines has sparked outrage after a passenger's checked-in luggage, containing items worth ₹45,000, went missing on a flight from Kolkata to Guwahati. The passenger, Monik Sharma, faced additional frustration when the airline offered a compensation of only ₹2,450 for the lost items.

In response to the devastating impact of recent heavy rainfall in Delhi, the state government has announced a compensation package of ₹10 lakhs for the families of those who lost their lives. The announcement, made by Minister Atishi on Sunday, aims to provide support to affected families following the tragic events caused by intense monsoon showers on June 28.

In a disclosure from Infosys, India's second-largest software maker, it has been revealed that CEO Salil Parekh's compensation for fiscal year 2024 totaled a staggering 662.4 million rupees ($7.9 million). This places him among the highest-paid Indian IT chiefs currently leading major tech firms.

A recent incident in Bengaluru has highlighted the growing concerns around online food delivery services' accountability. A Bengaluru resident took food delivery aggregator Swiggy to court after the company failed to deliver an ice cream he had ordered, leading to a legal battle that ended with the customer being awarded compensation.

An incident involving an Apple iPhone order on Flipkart has led to the e-commerce platform being directed to pay ₹10,000 to a customer from Mumbai's Dadar. The consumer had ordered the iPhone on July 10, 2022, and paid ₹39,628 via credit card. However, the order was cancelled by Flipkart, prompting the customer to file a complaint.

Eighty-three-year-old Ashok Malik, a retired corporate executive who is an ardent admirer of Prime Minister Narendra Modi, wishes he was there during his growing days. His strong leadership, focus on development, vision, and, most importantly, unflinching upholding of Sanatan culture.

Apple CEO Tim Cook has sold 511,000 shares, amounting to approximately $41 million after taxes, marking his largest stock sale in over two years. This comes as Cook took a rare pay cut of around 40% for 2023, with other Apple executives also revealing stock sales amidst a recent decline in the company's stock value.

A Bengaluru resident secured ₹1 Lakh in compensation from Apple India and an authorized service center after filing a complaint of unfair trade practices. The dispute arose when issues persisted with his iPhone 13 despite repairs, leading to a legal battle.

ITC Limited has been directed to compensate a customer with Rs 1 lakh after a packet of Sunfeast Marie Light biscuits contained one less biscuit than advertised. The consumer filed a complaint, highlighting the discrepancy and alleging unfair trade practices.