The talent is there, the capital is there, the ability to take risks is there. Perhaps what is lacking are role models of product innovators.

Under Anand Mahindra's leadership, M&M is scaling up its existing businesses and also betting big on new ones.

\"We want from the government more spectrum... It needs to be vacated from other places, that is what other countries have also done,\" Bharti group Chairman Sunil Mittal said.

Infosys will recruit up to 180 graduates into the company's consulting practice in the United States, the IT services major said.

The salaries of CEOs and other top-level executives have really shot up over the last decade and a half. Our cover story this issue looks at how compensation at the top has changed.

Indian CEO salaries are touching new highs as the war for talent gets fiercer. And compensation structuring is increasingly mimicking the salary innovations in the US.

In Business Today's 13th Best Company to Work For survey, Infosys has dropped to the seventh position this year from fourth last year. Wipro did worse, dropping to the 16th place this year from the ninth rank last year.

Vishal Sikka inherits an Infosys where Narayana Murthy has cut costs and increased margins. He also has to deal with the rampant loss of top talent and the heartburn caused by an Executive Assistant's overarching role.

What made news recently: Flipkart buys Myntra, CAD narrows, GDP below 5 per cent for second year in a row and more.

Approximately 700 million people expected to migrate to cities over the next four decades. To accommodate them, India needs to create about 115 million new non-farm jobs by 2022.

The increase in salaries and promotions that have been rolled out and the investment in new visas is likely to impact the first quarter margins by about 3 per cent, Infosys CFO Rajiv Bansal said.

\"On March 19, 2014, Chandrashekar Kakal, Senior Vice President and Member of the Executive Council, conveyed his intention to resign from the company effective April 18, 2014,\" Infosys said in a US SEC filing on Thursday.

The country's second-largest software services company, which has trailed peers TCS and Cognizant on growth, is also looking at weeding out non-performers to improve efficiency.

Infosys Executive Chairman NR Narayana Murthy, who returned last June from retirement to head the firm and put it back on high growth trajectory, said that employees hired at huge salaries, but not performing, may be asked to leave.

Indian Oil Corp (IOC) was the biggest with annual revenue of Rs 4,75,867 crore, followed by Reliance Industries (RIL) with a full-year revenue of Rs 4,09,883 crore.

Over 80 per cent of the companies surveyed in India say a larger portion of their salary budget allocation would go to high performers in 2014.

Lower growth rates and continued uncertainty in the IT industry's export markets have started reflecting in the industry leading to lower hiring, niggardly promotions and timid salary increments.

It is no secret that the big four - Infosys, TCS, Wipro and HCL Tech - of the Indian IT sector are facing margin pressures and moderation in revenue growth. Analysts look at mid-level IT firms that are available at lower valuations.

There are indications that salaries, from now on, will be more modest and many fresh engineers will be lucky to find employment.

The two IT companies have announced wage hikes, with Infosys saying its employees in India will get an average 8 per cent increase and Wipro offering 6-8 per cent raise for offshore employees.