While the overall salaries of employees grew at just 10 per cent a year, the honchos of these listed companies accounted for top-earning heads.

The two-day summit will see over participation from over 2000 industry giants like Mahindra and Mahindra, Hero MotoCorp, Maruti Suzuki, and several other stakeholders from research, academia and civic society.

Experts, who have studied family-led businesses, offer some lessons.

In grocery, we have national as well as regional brands. We are bullish about staples and expect lot of online traction, so we have put our own brand, Natures, which has done very well, says Avani Davda, Managing Director, Godrej Nature's Basket.

A recovery in rupee, unabated buying by domestic institutional investors (DIIs) and encouraging earnings by blue-chips contributed to the uptrend, brokers said.

The bike will be available in two variants - standard and dual tone - and is priced at Rs 1.08 and Rs 1.10 lakhs respectively (Ex-showroom, Delhi). Buyers can choose from four color options, viz. Blazing red, panther black, spotlight white, and vibrant orange.

At 10:24 am, the Sensex was trading 320 points higher at 37, 305 level and the Nifty stood at 11,247, up 80 points. The BSE metal index rose to a record level of 12,497 points, up 219 points.

Bajaj Auto (3.95%), Maruti Suzuki (2.69%), HDFC (2.09%) and HUL (2.03%) were the top Sensex gainers. Stocks of rural players such as Hero MotorCorp  (0.43%) and Mahindra and Mahindra (0.69%) too closed higher on the development.

Indian promoters take home fat pay cheques but their compensation is, in most cases, linked to company performance.

A peek into the whys and hows of CEO compensation in the country

The firm which has clients such as Bajaj Auto, BMW, Honda, Hero, KTM, Royal Enfield, TVS , Suzuki and Yamaha has seen its stock rise over 552% since May 6, 2016.

IMD in its second stage forecast issued on May 30 predicted 101% rainfall for July and 94% rainfall in August, bringing joy to farmers as these are the most important months for the production of kharif crops.

Fortis' largest shareholder, Yes Bank, has asked the board to consider all the bids (binding as well as non-binding) despite the board recommending the Munjal-Burman offer.

Hero Cycles has announced that it will sell the world's cheapest bicycle at Rs 1,999, almost Rs 500 cheaper than the lowest priced cycle currently; with the Tata group acquiring Bhushan Steel for Rs 36,000 crore, the government expects another Rs 1 lakh crore from the remaining 10 resolutions currently under insolvency in NCLT and now that Karnataka elections are over, oil marketing firms have raised the prices of petrol and diesel for the 7th day in a row-33 paise for petrol and 26 paise for diesel. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.

IHH Healthcare has proposed to invest Rs 650 crore into Fortis right away at Rs 175 per share.The company will put another Rs 3,350 crore at Rs 175 per share after a week's worth of due diligence.

Flipkart co-founder Sachin Bansal bids adieu in emotional Facebook postNews of Flipkart co-founder Sachin Bansal's exit from the company had surfaced even before the Walmart deal was finalised. Now, with the Walmart-Flipkart deal following through, Sachin Bansal has put up an emotional post on Facebook. \"Sadly my work here is done and after 10 years, it's time to hand over the baton and move on from Flipkart. But I'll be watching and cheering from the outside - Flipsters, you bet...

So far, four entities -- KKR-backed Radiant Life Care, Malaysia-based IHH Healthcare, Manipal-TPG consortium and Munjal and Burman family offices -- have given their binding offers for the Fortis Healthcare.