Reliance Salaries

Billionaire Mukesh Ambani's three children as directors of Reliance Industries Ltd will be paid only a fee for attending board and committee meetings, the company said in a resolution seeking shareholder nod for their appointment on its board.

Billionaire Mukesh Ambani for the second year in a row drew no salary from his flagship firm Reliance Industries in the last fiscal as he voluntarily gave up remuneration in light of the pandemic hitting the business and economy.

Reliance Industries Limited (RIL) did not cut salaries, bonuses, or any other compensation of its employees throughout the coronavirus pandemic, Nita Ambani, Reliance Foundation's founder and chairperson, said today.

The oil, telecom and retail conglomerate now expects to reach zero net debt ahead of the March 2021 target Mukesh Ambani had set in August.

Lockdown of billions of people by governments across the world to contain the pandemic is leading to a gloomy outlook for global oil demand.

The company has also decided to cut employees' pay by up to 50 per cent

India's Reliance Industries has cut the pay of employees by up to 50 per cent, according to a company letter, in wake of the coronavirus pandemic.

Reliance Industries has decided that employees earning more than Rs 15 lakh annually will face a 10 per cent salary cut.

Reliance Industries revealed that the decision was taken by the shareholders at the company's 41st annual general meeting (AGM) held recently.

India's richest man, Mukesh Ambani, has kept his salary unchanged for the 10th consecutive year.

Mukesh Ambani's compensation includes salary and allowances, perquisites, retiral benefits, and commission payable.

Mr Ambani voluntarily capped his compensation at Rs 15 crore in October 2009 amid a debate over right-sizing of CEO salaries.

Reliance Communications has defaulted on some of the payments to lenders and it has received time till December for strategic restructuring plan under which it will get a 7-month standstill to service loans amounting to Rs 45,000 crore.

Indian telecom market is seeing intensified competition following the entry late last year of Reliance Industries' Jio Infocomm

According to an analysis of the data made public so farby the fund houses, the CEO salary given by the top four fundhouses - ICICI Prudential Mutual Fund, HDFC MF, Reliance MFand Birla SunLife MF - increased in 2016-17.

Billionaire Mukesh Ambani's three children as directors of Reliance Industries Ltd will be paid only a fee for attending board and committee meetings, the company said in a resolution seeking shareholder nod for their appointment on its board.

Billionaire Mukesh Ambani for the second year in a row drew no salary from his flagship firm Reliance Industries in the last fiscal as he voluntarily gave up remuneration in light of the pandemic hitting the business and economy.

Reliance Industries Limited (RIL) did not cut salaries, bonuses, or any other compensation of its employees throughout the coronavirus pandemic, Nita Ambani, Reliance Foundation's founder and chairperson, said today.

The oil, telecom and retail conglomerate now expects to reach zero net debt ahead of the March 2021 target Mukesh Ambani had set in August.

Lockdown of billions of people by governments across the world to contain the pandemic is leading to a gloomy outlook for global oil demand.

The company has also decided to cut employees' pay by up to 50 per cent

India's Reliance Industries has cut the pay of employees by up to 50 per cent, according to a company letter, in wake of the coronavirus pandemic.

Reliance Industries has decided that employees earning more than Rs 15 lakh annually will face a 10 per cent salary cut.

Reliance Industries revealed that the decision was taken by the shareholders at the company's 41st annual general meeting (AGM) held recently.

India's richest man, Mukesh Ambani, has kept his salary unchanged for the 10th consecutive year.

Mukesh Ambani's compensation includes salary and allowances, perquisites, retiral benefits, and commission payable.

Mr Ambani voluntarily capped his compensation at Rs 15 crore in October 2009 amid a debate over right-sizing of CEO salaries.

Reliance Communications has defaulted on some of the payments to lenders and it has received time till December for strategic restructuring plan under which it will get a 7-month standstill to service loans amounting to Rs 45,000 crore.

Indian telecom market is seeing intensified competition following the entry late last year of Reliance Industries' Jio Infocomm

According to an analysis of the data made public so farby the fund houses, the CEO salary given by the top four fundhouses - ICICI Prudential Mutual Fund, HDFC MF, Reliance MFand Birla SunLife MF - increased in 2016-17.