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Russia sets work punishment for woman who spoiled election ballots Jun 3, 2024 08:57AM

(Reuters) - A Russian court sentenced a woman to one year and 8 months of "correctional work" on Monday for pouring green dye on ballots cast in the presidential election in March, a regional branch of the state Investigative Committee said.

President Vladimir Putin won a record post-Soviet landslide in elections held on March 15-17, clinching nearly 88% of the vote and an unprecedented fifth term. Western countries and Russian independent vote... (continue reading...)


Infosys CEO's compensation rose 17% to $7.9 million in FY 2024 Jun 3, 2024 08:55AM

BENGALURU (Reuters) - Infosys CEO Salil Parekh's compensation rose 17.3% to 662.4 million rupees ($7.9 million) in fiscal year 2024, making him one of the highest paid Indian IT chiefs currently occupying office.

The longest-serving non-founder CEO at the tech firm took home 74.7 million rupees in total fixed pay and 197.5 million rupees in bonuses, incentives and variable pay, the country's No.2 software maker revealed in its annual report on... (continue reading...)


NHTSA opens probe into 74,702 Nissan Rogue vehicles Jun 3, 2024 08:53AM

(Reuters) - The National Highway Traffic Safety Administration said on Monday it has opened a probe into 74,702 Nissan Rogue Select vehicles due to the inadvertent deployment of side curtain airbags.

(Reporting by Utkarsh Shetti in Bengaluru; Editing by Krishna Chandra Eluri)


Netskope crosses $500 million in subscription revenue, in no rush to go public Jun 3, 2024 08:50AM

By Krystal Hu

(Reuters) - Cloud-based cybersecurity startup Netskope has crossed more than $500 million in annual recurring revenue and will focus on becoming profitable with no immediate plan to go public this year, its CEO told Reuters.

Chief Executive Sanjay Beri said the company has been making internal preparations for an initial public offering (IPO) but there was no rush in an election year.

"We don't need more... (continue reading...)


Tesla stands by Musk pay after ISS urges shareholders to reject package Jun 3, 2024 08:47AM

(Reuters) - Tesla on Monday defended a proposal to ratify CEO Elon Musk's $56 billion pay package and said a new compensation would be costlier, days after a top proxy advisory firm recommended shareholders to vote against the proposal.

The electric-vehicle maker argued that his pay package - one of the biggest in corporate America - motivated Musk to create "tremendous value" for shareholders.

This was in response to Institutional... (continue reading...)


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