The period January-May 2024 has seen 340.5 million shares being allotted through ESOPs by 461 listed companies, according to an analysis by Mint of data from Capitaline database
Indian companies discreetly monitor CEOs and key personnel through ongoing background screening, focusing on governance, fraud risk, legal liabilities, and regulatory compliance, with costs ranging from ₹1.5-7 lakh.
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Indian cos are tightening employment contracts for top executives to make them more binding by incorporating stricter non-compete and non-solicitation clauses. This is in response to intense competition for senior talent and rampant poaching of C-suite brass. Contracts and policies are being made tighter to make an exit difficult, including longer notice periods and extended non-poaching contracts.
Plagued by a slew of senior-level management exodus, Wipro has filed lawsuits against at least two of them. In another instance, Infosys, the countrys second largest IT services firm, is reported to have accused Cognizant of using “unethical poaching tactics”.