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ā¢ Hero MotoCorp Chairman Pawan Munjal will take a 20% pay cut from his fixed salary following the split of Chairman and CEO roles.
ā¢ Munjal has been accused of forgery and fraud charges in an FIR filed by the Delhi Police, but the Delhi High Court has stayed the criminal proceedings against him and the company.
ā¢ Hero MotoCorp's net profit jumped 47% year-on-year to Rs 1,054 crore in the September quarter, aided by commodity costs, leap savings, and product mix.