FINANCEOUTLOOKINDIAAUGUST, 20268REPORTTATA SONS N CHANDRASEKARAN'S PAY HITS RECORD RS 158.66 CRORE IN FY26HOUSING SALES VALUE SURGES 11% IN H1 2026: NUVAMA REPORTINDIAN FINANCE UPDATES TODAY: MARKETS, COMPANIES & ECONOMY IN FOCUSIPO LISTING-DAY GAINS DROP TO 4% DESPITE RECORD PIPELINECENTRE PERMITS RBI TO PRINT 2 BILLION PLASTIC NOTES FOR FIELD TRIALSTata Sons executive chairman N Chandrasekaran received total remuneration of Rs 158.66 crore in the year ended March 31, 2026, up from Rs 155.81 crore a year earlier, according to the holding company's annual report. The compensation is the highest Chandrasekaran has received since Tata Sons began disclosing executive remuneration in fiscal 2022. Over the past five years, he has earned a cumulative Rs 671.4 crore.The total emolument for N Chandrasekaran for FY26 was Rs 17.97 crore in salary and other benefits, which is 18% higher than the previous fiscal's Rs 15.12 crore, and Rs 140.69 crore in profit linked commission, which remains unchanged from the previous fiscal. Chandrasekaran's salary has increased in the last five years, but most of the remunerations have been in the form of commissions, which has gone up in tandem with the growth of Tata Sons' profitability. Housing sales value rose 5% year-on-year (YoY) in June 2026, registering a 6% month-on-month (MoM) increase, while expanding 9% in the second quarter and 11% across the first half of 2026 (H1CY26), according to a Nuvama report.During H1CY26, demand value recorded its strongest expansion in Indian finance updates today are being shaped by a stronger opening in equities, a busy Q1 FY27 earnings calendar, crude-oil volatility, rupee movements and investor caution ahead of the US Federal Reserve's policy decision. Indian benchmark indices opened higher on Wednesday, with the Nifty 50 up 0.77% at 24,170.40 and the Sensex gaining 0.88% to 77,442.68 at 9:16 a.m. IST, led particularly by IT stocks. The IT index climbed 2.3%, while broader markets also advanced. At the same time, investors are keeping an eye on geopolitical developments after crude oil prices jumped amid fresh tensions in the Middle East. On the corporate side, Adani Enterprises, Adani Ports, Eicher Motors, Asian Paints, Dabur India and Bajaj Housing Finance are among the companies reporting or in focus today. Meanwhile, the rupee, global equity cues, foreign flows and the Fed decision are expected to remain important market triggers. IPO listing-day gains have dropped sharply to just 4% in the current fiscal year, down from 22% in FY26, even as India enters 2026 with one of the strongest IPO pipelines in its history.s many as 178 companies planning to raise a combined Rs 2.96 lakh crore have already secured approval from the Securities and Exchange Board of India (SEBI), while another 71 companies seeking nearly Rs 1.84 lakh crore are awaiting regulatory clearance. Together, they represent an IPO pipeline of almost Rs 5 lakh crore, one of the largest southern India, surging 37% YoY in Bengaluru, followed by a 26% rise in Chennai. The Mumbai Metropolitan Region (MMR), Pune, and Kolkata each recorded a 13% increase in sales value over the same period.In contrast, sales value in the National Capital Region (NCR) dropped 7% YoY. On the volume front, H1CY26 sales volumes jumped 22% in Bengaluru and fell 18% in NCR, while all other major cities saw growth in the range of 4% to 9%. In a significant step toward modernising India's currency ecosystem, the Central Government has authorised the Reserve Bank of India (RBI) to print 2 billion plastic notes for extensive field trials. The pilot project will initially cover Rs 10 and Rs 20 denominations, with one billion notes of each denomination being introduced to evaluate their durability, security, and performance under Indian circulation conditions. Minister of State for Finance Pankaj Chaudhary told the Lok Sabha that one billion pieces each of Rs 10 and Rs 20 notes, which are hard to find in circulation, will be printed for field trials and for regular issue after the trials are completed. He also ruled out any move to replace paper currency with polymer substrate banknotes, clarifying that both will co-exist.
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