Autonomy to Be Established for Quick Decision-making
In the coming future, managements will have to be prepared for all eventualities and uncertainties
Illustration by Raj Verma
In the first 15 years since its debut in 1995, the Internet managed to reach only a meagre 7.5 per cent of India s population. However, a decade more thereafter, the story is remarkably different. Driven by a surge in smartphone usage, nearly 50 per cent of the country s population is now connected to the World Wide Web, and it is estimated that by 2025, close to a billion would be networked. It has also spurred the country s digital transformation though there is still a long way to go to reach its true potential.
Read more about CEAT spurts after strong Q3 earnings on Business Standard. CEAT jumped 4.56% to Rs 1260.80 after the tyre maker s consolidated net profit rose 150.31% to Rs 132.14 crore on a 26.08% increase in revenue from operations to Rs 2,221.25 crore in Q3 FY21 over Q3 FY20.
Coronavirus Impact: India Inc to go soft on executive appraisals
Officials said 2021 will be a better year for corporates but many of the business priorities and goal posts will have to be shifted, keeping the pandemic in mind.
Synopsis
With some sectors recovering much faster than others, experts said top executives of some companies may get decent salary increases while some others may have to take a pay cut.
Mumbai: Company boards are taking a more sympathetic view of executive performance for 2020-21, measuring it on a relative and not absolute basis, even as corporates expect a wide sector-to-sector variation in CEO/CXO compensation in the next fiscal due to the pandemic impact.