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Pay hikes leave net profits far behind

Mumbai: The collective remuneration of top salary earners at 24 Nifty firms increased at three times the pace of their net profit growth in the last fiscal, when the economy expanded at its slowest rate in six years. The combined compensation of the top earners for these firms, whose annual reports are public, went up 33.2% against a net profit increase of 10.34%, a study by One-third of the firms   read more »

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