Saturday, September 19
N Chandrasekaran, the Executive Chairman of Tata Sons, pocketed Rs 155.81 crore in total compensation for the financial year 2024-25, up 15% from the Rs 135 crore he earned a year earlier, according to the company’s latest annual report. The package included Rs 15.1 crore in salary and benefits, while a hefty commission on profits accounted for Rs 140.7 crore.Tata Sons reported a 24.3% drop in net profit to Rs 26,232 crore in FY25, down from Rs 34,654 crore in the previous fiscal. Chandrasekaran’s payout cements his position as one of the highest-paid executives in India.Boardroom pay snapshotExecutive Director Saurabh Agrawal earned Rs 32.7 crore in FY25, up 7.7% from the previous year. Noel Tata, who joined the board in October 2024 after the death of Ratan Tata, received a commissio
Five states contributed more than 65% to the domestic mutual fund industry's Average Assets Under Management (AAUM). Amongst the top 5 states, Maharashtra led with a maximum contribution of 40.61% followed by New Delhi, Gujarat, Karnataka and West Bengal whose respective contributions remained below 10%, according to a release by ICRA Analytics.On a monthly basis, Nagaland witnessed the maximum growth in AAUM which stood at 62.47% followed by Lakshadweep and Ladakh which grew 19.18% and 18.17%, respectively.Also Read | Can Rs 1 lakh become Rs 1 crore in 3 decades? These 6 equity mutual funds just did thatGrowth/Equity oriented schemes contributed the most to the AAUM across the states. The contribution of equity-oriented schemes was the most in Ladakh which stood at 90.85%, followed by Lak
