New York-based luxury magazine publisher Niche Media laid off a number of editorial and creative staffers at Philadelphia Style Monday.According to a report in the Philadelphia Daily News, Niche Media CEO Jason Binn declined to offer details like how many employees were let go but indicated that publisher John Colabelli and editor Sarah Schaffer will remain with the magazine. Binn told the paper: “We’ve had to accelerate the realization of our operating efficiency.” He said he plans to increase the magazine’s frequency from six issues per year to eight.Binn could not be immediately reached for comment. In April, Niche Media purchased DLG Media Holdings, publisher of lifestyle and fashion magazine Philadelphia Style and online publications DC Style and ACConfidential.com, from Dana Spain-Smith.Last fall, Niche Media finalized an agreement that effectively unified its operations with controlled circulation publishers Greenspun Media Group and the Ocean Drive Media Group. Las Vegas-based Greenspun was said last week to have reduced its workforce by 10 percent.
Aditya PuriMD, HDFC Bank32.8 Navin AgarwalChairman, Vedanta15.1 D.B. GuptaChairman, Lupin37.6 Sunil MittalChairman, Bharti Airtel27.2 Pawan MunjalCMD & CEO, Hero MotoCorp43.9 Rajiv BajajMD, Bajaj Auto20.5 With Infosys filing its annual report for 2015-2016, its executive pay package information is out in the open. Vishal Sikka, the CEO and MD of the Bengaluru-based IT services exporter, took home a salary package of Rs. 48.73 crore in 2015-16. His basic salary was Rs. 5.96 crore, while variable pay, inclusive of bonus, retirals and others, amounted to Rs. 42.77 crore, according to the disclosures in the annual report. The variable pay component included Rs. 14 crore for the financial year 2014-15.Sikka will get about a 50 percent hike in remuneration for 2016-2017. The company approved a compensation of $11 million (about Rs. 74 crore) in February this year.Yet, his compensation will be less when compared to that of Francisco D’Souza, CEO of Cognizant Technology Solutions, who took home $12 million in 2015, the Economic Times reported. It would be interesting here to know India’s top 10 highest paid CEOs in 2014-15 as reported by the Business Standard. (Their earnings for 2015-16 will be available when the companies file their annual reports for the year). NameNameCompanyCompanySalary (Rs. Crore)Salary (Rs. Crore)NameC.P. GurnaniCompanyMD & CEO, Tech MahindraSalary (Rs. Crore)165.6NamePawan MunjalCompanyCMD & CEO, Hero MotoCorpSalary (Rs. Crore)43.9NameD.B. GuptaCompanyChairman, LupinSalary (Rs. Crore)37.6NameAditya PuriCompanyMD, HDFC BankSalary (Rs. Crore)32.8NameSunil MittalCompanyChairman, Bharti AirtelSalary (Rs. Crore)27.2NameN. ChandrasekeranCompanyCEO & MD, TCSSalary (Rs. Crore)21.3NameRajiv BajajCompanyMD, Bajaj AutoSalary (Rs. Crore)20.5NameK.M. BirlaCompanyChairman & Non-executive director, UltraTechSalary (Rs. Crore)19NameY.C. DeveshwarCompanyChairman & Wholetime Director, ITCSalary (Rs. Crore)15.3NameNavin AgarwalCompanyChairman, VedantaSalary (Rs. Crore)15.1 K.M. BirlaChairman & Non-executive director, UltraTech19 Y.C. DeveshwarChairman & Wholetime Director, ITC15.3 C.P. GurnaniMD & CEO, Tech Mahindra165.6 N. ChandrasekeranCEO & MD, TCS21.3 NameCompanySalary (Rs. Crore)
India on Tuesday slumped to their third successive loss in the 2018 FIFA World Cup