Workaholic Naik to take away Rs 32.2 cr as leave encashment

Engineering and construction giant Larsen and Toubro's group executive chairman A M Naik will get Rs 32.21 crore as leave encashment as part of his Rs 38.04-crore retirement benefits, the company said in its latest annual report.

Naik has served for over 52 years at Larsen & Toubro (L&T), of  that over 17 years as the company’s head. He will assume the new role of non-executive chairman for three years beginning October 1, immediately upon his retirement as executive chairman on September 30.

Infosys battle hots up

The drumbeats continued on Tuesday in the fractious Founders versus Executive management battle at Infosys. And this time, a new front was opened as former Infosys CFO V Balakrishnan, a known NR Narayan Mu­rthy groupie, led the charge.

The mysterious case of the missing internet billionaire

A dozen years ago, the largest internet company in China wasn’t Alibaba or Tencent, but game developer Shanda Interactive Entertainment Ltd. Its founder was a young man named Chen Tianqiao, who had become a billionaire at 30. Chen was more prominent than Alibaba’s Jack Ma for much of the last decade — then he disappeared. He left China, dropping out of public view almost completely. He took his Nasdaq-listed company private in 2012.

Federal Bank on a brand campaign

Federal Bank, one of the country’s fastest growing banks, is now up to reaching out to the millennials. It has designed and developed several products targeting at this group and now to back these products up, the lender has come up with a 360 degree brand campaign strategy to lure in the GenY.

Infosys: Bring back Murthy chorus grows

Former Infosys CFO V Balakrishnan on Sunday said he favoured co-founder NR Narayana Murthy being invited as chairman-emeritus and chief mentor with immediate effect and allowed to take a lead to reconstitute the board to create a long-term and sustainable governance framework.

Indian-origin Saahil highest earning gamer in the world

For Indian origin gamer Saahil Arora, life is a ball. After all, it is not very often that no work and endless computer games help you to become a millionaire. According to esportsearning.com data compiled by Statista, Saahil Arora is the world’s highest earning gamer.

Seven decades into democracy, a royal palace thrives

In the summer of 1944, hundreds of royals gathered for the opening of Umaid Bhawan Pala­ce, a magnificent sandstone edifice that dominates the skyline in Jodhpur. It was the last of its kind. Three years later, India was free from British colonial rule, and more than 500 princely states — the semi-sovereign principalities rul­ed by royal clans — faced an uncertain future. Most have faded into obscurity, but the family that built this palace continues to thrive — in part by converting a section of it into a hotel.

Cyber threats prompt return of radio for ship navigation

The risk of cyber attacks targeting ships’ satellite navigation is pushing nations to delve back through history and develop back-up systems with roots in World War II radio technology.

Ships use GPS (global positioning system) and other similar devices that rely on sending and receiving satellite signals, which many experts say are vulnerable to jamming by hackers.