Asian markets opened mostly lower on Friday in cautious trade after Wall Street shares closed flat with investors eyeing increasing virus cases. MSCI s broadest index of Asia-Pacific shares outside Japan was down by 0.47 per cent.
Shareholders were primarily against the company's rationale behind the proposal to hike Lal's salary by 10 per cent in FY21. Proposal came amid Covid-19 pandemic, and low revenues and profit margins