Mumbai: Zee Entertainment Enterprises MD Punit Goenka will take a 20% lower in his remuneration as he takes “steps to optimise costs and enhance productivity”. In FY23, Goenka earned a remuneration of Rs 35 crore — together with Rs 21 crore in salaries and allowances, Rs 9 crore in variable pay, a one-time fee of Rs 5 crore, and a provident fund contribution of Rs 20,000. His remuneration in FY22 and FY21 was Rs 41 crore and Rs 13 crore respectively. “The organisation is sharply focused on adopting a frugal approach… While I am in the process of implementing the required steps and actions across all verticals of the company, I intend the required change in mindset to begin from my desk. It is imperative to adapt as per the situation and at this point in time, ‘accountability & agility’ is the need of the hour… I must add that this voluntary decision (of a reduction in remuneration) is limited to me on a personal front,” stated Goenka. Goenka’s choice was submitted to the nomination and remuneration committee of Zee’s board. Zee chairman R Gopalan appreciated the thought and intent behind his choice.

We additionally printed the next articles lately

Zee lays off 50% employees at its Bengaluru-based Technology and Innovation Centre

Zee Entertainment decreased TIC employees by 50% to attain an economical construction. The firm focuses on content material creation, distribution, and monetisation utilizing expertise instruments for shopper insights. The strategic realignment goals to enhance enterprise effectivity.

Hyderabad: ED attaches Rs 32 crore in 580 accounts in part-time job fraud

Enforcement Directorate in Hyderabad attaches Rs 32 crore in 580 financial institution accounts underneath PMLA after uncovering a Rs 524 crore rip-off involving faux part-time job provides for ranking web sites, motels, and resorts, with funds diverted for cryptocurrencies and hawala funds.

Waltair railway earns Rs. 161 crore in scrap disposal

Waltair Division of East Coast Railway achieved a considerable 71.5% income enhance to Rs. 161.53 crore this yr by strategic scrap gross sales, optimizing assets, and enhancing security requirements.