DBS to cut CEO Piyush Gupta’s pay by 30% amid digital disruption in 2023: report

Leading Singapore conglomerate DBS Bank (DBS) said on Wednesday it had cut CEO Piyush Gupta’s variable pay by 30% as the bank’s customers experienced digital disruption last year. The amount was S$4.14 million (US$3.08 million), DBS announced in its quarterly earnings statement. According to Channel NewsAsia, variable pay for the CEO and other members of … Read more

Singapore’s biggest bank cuts CEO pay by millions amid digital banking disruption

Piyush Gupta is one of Singapore’s highest-paid executives DBS Group Holdings Ltd’s fourth-quarter profit fell short of analysts’ expectations amid signs of pressure on margins. Despite record results in 2023, CEO Piyush Gupta’s pay took a hit from last year’s digital banking disruption. Net profit excluding one-time items rose 2% to S$2.39 billion ($1.78 billion) … Read more

Delhi-NCR faces disruption as light rain, strong winds lash; flight operations affected

Last updated: February 4, 2024 08:23 UTC Delhi and the adjacent National Capital Region (NCR) experienced light rain on Sunday with a minimum temperature of 10 degrees Celsius, according to the India Meteorological Department (IMD). Skies over the national capital will be mainly cloudy with intermittent light rain and gusty winds throughout the day.Flight operations … Read more

What is CAT III technology and how it helps prevent flight disruption during fog? Explained

An Air India plane prepares to take off from Biju Patnaik International Airport on a cold foggy day in Bhubaneswar. (PTI photo) CAT III is a navigation system that helps planes land when visibility is reduced in dense fog and bad weather conditions A dense blanket of fog blanketed Delhi, causing massive disruption and delaying … Read more