Nvidia’s India employees are receiving a special stock grant, the ‘Jensen Special Grant,’ adding 25% to their initial RSUs. Payouts range from over Rs 5 lakh to Rs 1 crore, vesting over four years. This initiative highlights the growing importance of equity-led compensation in attracting and retaining talent in India’s booming semiconductor and AI sectors.
Nadir Godrej will step down as Godrej Industries Group chair on August 13. His nephew, Pirojsha Godrej, will assume the role of GIG chair. Pirojsha will also chair Godrej Industries, the group’s holding company. Nadir’s son, Burjis Godrej, will become chair of Godrej Agrovet. This marks a significant generational leadership change within the prominent Indian
Delhi-Dehradun Expressway inauguration: Prime Minister Narendra Modi is all set to inaugurate the Delhi-Dehradun Expressway, which is also being called the Delhi-Dehradun Expressway Economic Corridor. The new expressway built under National Highways Authority of India is an access-controlled roadway corridor that will substantially reduce the travel time between Delhi and Dehradun. The full expressway will
The Strait of Hormuz is a narrow stretch which is important for global trade flows, and is alone responsible for the transit of a fifth of the world’s oil supply. Asian economies like India and China source a big chunk of their crude oil, LPG, and LNG requirements via this strait.
Indian markets opened with caution. Global markets saw a dip on Monday. This was due to the breakdown of US-Iran peace talks. Geopolitical worries resurfaced. A US military blockade added to the pressure. Oil prices surged above $100. This impacted financial stocks. Energy stocks saw gains. Investors moved towards safer assets.
