Thursday, 16 April 2015

Sensex Falls Over 100 Pts On Fear Of Weak Q4 Results

Posted by suhani varma on Thursday, April 16, 2015 with No comments

The median pay of top 100 CEOs in America has risen by 5 percent to USD 14.3 million in 2014, a study has found. Besides this, the base salary ranged from USD 7.1 million for Rupert Murdoch at 21st Century Fox to nil for Richard Fairbank at Capital One, said Equilar 100 CEO Pay Study. The study, which is an analysis of CEO salaries at the 100 largest public US companies as measured by revenue, puts Microsoft's Indian-origin chief Satya Nadella on the top with a pay package of USD 84.3 million (Rs 525 crore) a year. The list was topped by Oracle's Larry Ellison last year, who has been now pushed by Nadella to the second spot. Microsoft, however, said that Nadella's pay for 2014 totals to USD 22.75 million only after taking into account the annualised value of special and one time equity awards.

The market has taken a steep fall ahead of March quarter earnings. The Sensex is down 125.68 points at 28674.01 and the Nifty is down 48.05 points at 8702.15.About 817 shares have advanced, 1405 shares declined, and 132 shares are unchanged. ONGC, Bharti Airtel, Tata Motors, Hindalco and M&M are top gainers in the Sensex. Among the losers are Wipro, Cipla, Infosys, Sesa Sterlite and TCS.

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