 "Bombay house")
The independent directors of 10 leading listed Tata group companies have received a hefty hike in their remuneration for FY18 as compared to the previous year. Barring Tata Motors, the average hike of 35 independent directors of Tata Power, Tata Steel, Tata Consultancy Services (TCS), Tata Communications, Tata Chemicals, Titan, Trent, Indian Hotels and Tata Global Services in FY18 was 19 per cent more than in FY17, statistics collated by this newspaper show.
The hikes in remuneration were in line with the companies’ performance, barring TCS which had flat growth in profit. Former SBI chairman O P Bhatt received a
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