Reliance seeks shareholder nod to appoint Mukesh Ambani as head for another 5 years at nil salary
1 year, 4 months ago

Reliance seeks shareholder nod to appoint Mukesh Ambani as head for another 5 years at nil salary

The Hindu  

Reliance Industries Ltd, India's most valuable company, has sought shareholder's approval to give Mukesh Ambani another five-year term as chairman and managing director of the company till 2029 — a period during which he has opted to draw nil salary. In a special resolution, Reliance sought the nod of shareholders to appoint Mr. Ambani as the head of the company till April 2029. At the request of Mr. Ambani, "the Board has recommended that no salary or profit-based commission be paid to him for the proposed term from April 19, 2024 till April 18, 2029," the resolution said. Mr. Ambani's wife Nita, a non-executive director on the company's board, earned ₹6 lakh as a sitting fee and another ₹2 crore commission for 2022-23.

India Salary Director Resolution Company Term Commission Crore Managing Director Reliance Mukesh Ambani 70 Years Appoint Shareholder His Salary  reliance  shareholder  salary  term  resolution  company  mukesh  ambani  appoint  crore  nil  commission  nod  seeks  director  head  shareholders

History of this topic

Ambani wedding: Inside the lavish, star-studded wedding of Asia’s richest man’s son
5 months, 1 week ago

Ambani wedding: Inside the lavish, star-studded wedding of Asia’s richest man’s son

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Anant Ambani, son of Mukesh Ambani, married Radhika Merchant …

ITC Chairman Sanjiv Puri's Salary Hiked By 54% to Rs 25.28 Crore In FY24; Details Here
5 months, 3 weeks ago

ITC Chairman Sanjiv Puri's Salary Hiked By 54% to Rs 25.28 Crore In FY24; Details Here

News 18  

ITC Chairman and Managing Director Sanjiv Puri received a total remuneration of Rs 25.18 crore during the financial year 2023-24, according to the company’s annual report 2024. It is 54.38 per cent higher than the total remuneration of Rs 16.31 crore he got in the previous year 2022-23. Puri’s salary includes a basic salary of Rs 3.12 crore, perquisites and …

Reliance Industries quarterly profit stays flat; annual earnings hit record at ₹69,621 crore
8 months ago

Reliance Industries quarterly profit stays flat; annual earnings hit record at ₹69,621 crore

Hindustan Times  

New Delhi, Reliance Industries Ltd on Monday reported an almost flat March quarter net profit, while its annual earnings hit a record high on the back of a recovery in its core oil and petrochemicals business and sustained momentum across the consumer-facing telecom and retail businesses. Reliance Industries quarterly profit stays flat; annual earnings hit record at ₹ 69,621 crore …

Nita Ambani to chair Reliance-Disney merged entity: Reports
9 months, 3 weeks ago

Nita Ambani to chair Reliance-Disney merged entity: Reports

Hindustan Times  

Nita Ambani, founder and chairperson of Reliance Foundation, is likely to head the entity formed upon the merger of Viacom 18 and Sony India, the media assets in the country of Reliance Industries Limited and the US-based Walt Disney Company, respectively, according to reports. Nita Ambani is the chairperson and founder of Reliance Foundation which is the philanthropic arm of …

Mukesh Ambani-led Reliance Industries achieves market cap of ₹20 lakh crore
10 months, 1 week ago

Mukesh Ambani-led Reliance Industries achieves market cap of ₹20 lakh crore

Hindustan Times  

Mukesh Ambani-led Reliance Industries Limited became the first Indian company to achieve a market capitalisation of ₹20 lakh crore. Mukesh Ambani, chairman of Reliance Industries Limited, The market valuation of the company surged to ₹20,01,279.72 crore during the intra-day session and at close, the market capitalisation stood at ₹19,81,635.72 crore. On the NSE, shares of Reliance Industries rose nearly 1.89 …

Mukesh Ambani rejoins $100 billion club as Reliance stock surges record 2.6%
11 months, 1 week ago

Mukesh Ambani rejoins $100 billion club as Reliance stock surges record 2.6%

Live Mint  

Mukesh Ambani is once again a centibillionaire. The richest person in India — and in Asia — saw his wealth climb $2.8 billion to $101.8 billion Thursday, as shares of his flagship, Reliance Industries Ltd., rose 2.6% to close at a record high. The listing last year of Reliance’s financial services unit, Jio Financial Services Ltd., helped to broaden the …

Gautam Adani fortune tanked ₹3 lakh crore in 2023. How Mukesh Ambani fared?
11 months, 3 weeks ago

Gautam Adani fortune tanked ₹3 lakh crore in 2023. How Mukesh Ambani fared?

Hindustan Times  

Gautam Adani's fortune saw a significant decline of $37.3 billion, reaching $83.2 billion, marking a 31 per cent decrease, according to Bloomberg Billionaires Index. The chairman of Reliance Industries has a fortune standing at $97.1 billion, reflecting a notable increase of $9.98 billion, registering 11.5 per cent growth in 2023. Tech billionaires witnessed a 48 per cent increase in their …

'Reliance Industries will invest additional Rs 20,000 cr in West Bengal in three years', says Mukesh Ambani
1 year, 1 month ago

'Reliance Industries will invest additional Rs 20,000 cr in West Bengal in three years', says Mukesh Ambani

India TV News  

Reliance Industries chairman and MD Mukesh Ambani has announced that an additional Rs 20,000 crore will be invested in West Bengal in the next three years. "We plan to invest an additional Rs 20,000 crore in Bengal in the next three years for enhancing digital life solutions, augmenting Reliance Retail footprint and on bio-energy," he said at the Bengal Global …

Akash, Isha & Anant Ambani get Reliance Industries shareholders' nod for appointment to board
1 year, 1 month ago

Akash, Isha & Anant Ambani get Reliance Industries shareholders' nod for appointment to board

Firstpost  

Akash Ambani, Anant Ambani and Isha Ambani have been inducted into Reliance Industries’ board as Non-Executive Directors. The shareholders of Reliance Industries Friday approved the appointment of chairman Mukesh Ambani’s children with Akash Ambani’s nomination garnering 98.06 per cent, while Isha Ambani getting 98.21 per cent. In August 2022, Isha Ambani was appointed the leader of Reliance Retail, while Akash …

Isha, Akash and Anant Ambani Get Shareholders' Nod for Appointment as RIL Non-Executive Directors
1 year, 1 month ago

Isha, Akash and Anant Ambani Get Shareholders' Nod for Appointment as RIL Non-Executive Directors

News 18  

The shareholders of Reliance Industries have approved the resolutions for the appointment of Isha Ambani, Akash Ambani and Anant Ambani as non-executive directors. Isha Ambani, Akash Ambani and Anant Ambani got approval from 98.21 per cent, 98.06 per cent and 92.76 per cent respectively of the total votes polled, Moneycontrol reported. The move is in line with gradually promoting Isha, …

Mukesh Ambani donates ₹5 crore to Badrinath-Kedarnath Temple Committee
1 year, 2 months ago

Mukesh Ambani donates ₹5 crore to Badrinath-Kedarnath Temple Committee

Hindustan Times  

Reliance Industries chairman Mukesh Ambani on Thursday donated ₹5 crore to the Badrinath-Kedarnath Temple Committee after offering prayers at the Badrinath temple in Chamoli district and Kedarnath temple in Rudraprayag district. In September this year, Anant Ambani donated ₹25 crore to the chief minister’s relief fund. Anant Ambani has been a director on the board of Jio Platforms, Reliance Retail …

Forbes India rich list: Mukesh Ambani back as No 1, Adani drops as Polycab’s Jaisinghani gains
1 year, 2 months ago

Forbes India rich list: Mukesh Ambani back as No 1, Adani drops as Polycab’s Jaisinghani gains

Hindustan Times  

Reliance chairperson Mukesh Ambani has reclaimed the top spot on the Forbes list of 100 richest Indians this year. The magazine estimated Mukesh Ambani's net worth to be $92 billion. The net worth of Gautam Adani, who had surpassed Ambani last year to be the richest Indian, plummeted by a whopping $82 billion to $68 billion because of the Hindenburg …

Mukesh Ambani reclaims India's richest man spot from Gautam Adani
1 year, 2 months ago

Mukesh Ambani reclaims India's richest man spot from Gautam Adani

Deccan Chronicle  

Mumbai: Mukesh Ambani, the 66 year old chairman of Reliance Industries Limited has reclaimed the title of India's richest individual on the 360 One Wealth Hurun India Rich List 2023 overtaking Adani Group chairman Gautam Adani, who had occupied the top spot in 2022 list. Mukesh Ambani’s net worth stood at Rs 8.08 lakh crore in 2023 up 2 per …

Ambani siblings to receive only a fee, no salary for board meetings, says Reliance
1 year, 2 months ago

Ambani siblings to receive only a fee, no salary for board meetings, says Reliance

Hindustan Times  

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. Ambani, 66, had at the company's annual shareholders meeting last month announced that his three children Akash, Isha and Anant would be …

Ambani Scions Made Reliance Board Members
1 year, 3 months ago

Ambani Scions Made Reliance Board Members

Deccan Chronicle  

The Reliance Industries Limited held its 46th Annual General Meeting for its shareholders on Monday. Changes in Reliance Board Nita Ambani stepped down from the Board of Directors of Reliance Industries Limited, making way for children Isha, Akash and Anant to become the non-executive directors on the RIL Board. Key Takeaways Jio Financial Services was mini bonus for long-term RIL …

RIL 46th AGM: Ambani scions to join Reliance board
1 year, 3 months ago

RIL 46th AGM: Ambani scions to join Reliance board

Live Mint  

On the 46th RIL AGM, Reliance Industries Ltd appointed Isha Ambani, Akash Ambani, and Anant Ambani as directors to the board of the oil-to-telecoms conglomerate. In an exchange filing, RIL informed shareholders on Monday, "The Board of Directors of RIL, at its meeting held today, on the recommendation of the Human Resources, Nomination and Remuneration Committee, considered and recommended to …

RIL AGM 2023: Reliance added 2.6 lakh jobs in FY23, says Mukesh Ambani
1 year, 3 months ago

RIL AGM 2023: Reliance added 2.6 lakh jobs in FY23, says Mukesh Ambani

Live Mint  

RIL AGM 2023: Reliance Industries Limited Chairman Mukesh Ambani, stated that Reliance had created 2.6 lakh new employment in the previous year. Reliance Industries has cumulatively invested more than $150 billion in the last 10 years, said Chairman Mukesh Ambani. Reliance Industries Chairman Mukesh Ambani congratulated all the scientists of ISRO on the success of the Chandrayaan 3 mission. The …

Reliance seeks shareholder nod to appoint Mukesh Ambani as head for 5 more years
1 year, 4 months ago

Reliance seeks shareholder nod to appoint Mukesh Ambani as head for 5 more years

Hindustan Times  

Reliance Industries Ltd, India's most valuable company, has sought shareholder's approval to give Mukesh Ambani another five-year term as chairman and managing director of the company till 2029 -- a period during which he has opted to draw nil salary. In the special resolution posted to shareholders, Reliance said its Board of Directors on July 21, 2023 approved "re-appointed Mukesh …

Reliance seeks to extend Mukesh Ambani's term as chairman for 5 more years
1 year, 4 months ago

Reliance seeks to extend Mukesh Ambani's term as chairman for 5 more years

India TV News  

Reliance Industries Ltd has sought shareholders' nod to give Mukesh Ambani another five years as the Chairman and Managing Director of the company extending his tenure until 2029. Reliance sought nod of shareholders In the special resolution posted to shareholders, Reliance said its Board of Directors on July 21, 2023, approved "re-appointed Mukesh D. Ambani as Managing Director, for a …

Mukesh Ambani's daughter Isha, former CAG Rajiv Mehrishi appointed directors on RIL's financial services unit
1 year, 5 months ago

Mukesh Ambani's daughter Isha, former CAG Rajiv Mehrishi appointed directors on RIL's financial services unit

The Hindu  

Billionaire Mukesh Ambnai's daughter Isha and former CAG Rajiv Mehrishi are among the directors appointed on the board of demerged financial services unit of Reliance Industries Ltd, the company said on Saturday. Reliance had previously announced plans to demerge its financial services undertaking into Reliance Strategic Investments Limited and rename and list it as Jio Financial Services Limited. "In accordance …

Isha Ambani, former CAG Rajiv Mehrishi appointed directors on RIL's financial services unit
1 year, 5 months ago

Isha Ambani, former CAG Rajiv Mehrishi appointed directors on RIL's financial services unit

India TV News  

Isha Ambani, daughter of Billionaire Mukesh Ambani, and former CAG Rajiv Mehrishi are among the directors appointed on the board of demerged financial services unit of Reliance Industries Ltd. The company earlier had announced plans to demerge its financial services undertaking into Reliance Strategic Investments Limited and rename and list it as Jio Financial Services Limited. "In accordance with provisions …

Ambala MC passes ₹156-crore budget passed
1 year, 8 months ago

Ambala MC passes ₹156-crore budget passed

Hindustan Times  

Amid allegations of corruption and disruptions by House members, the Ambala municipal corporation passed the proposed budget for financial year 2023-24 during its House meeting held at Panchayat Bhawan on Monday. The meeting, chaired by Ambala mayor Shakti Rani Sharma, was attended by MC commissioner Prashant Panwar, officials and members of the House. The meeting, chaired by mayor Shakti Rani …

Reliance to invest ₹75,000 crore in Uttar Pradesh in 4 years: Mukesh Ambani
1 year, 10 months ago

Reliance to invest ₹75,000 crore in Uttar Pradesh in 4 years: Mukesh Ambani

The Hindu  

Reliance Industries Ltd will invest ₹75,000 crore in rolling out 5G mobile telephone services, expanding retail network and setting up renewable energy capacity in Uttar Pradesh in the next four years, its chairman Mukesh Ambani said on February 10. Speaking at the Uttar Pradesh Global Investors Summit 2023 here, Mr. Ambani said his group will set up 10 GigaWatts of …

Mukesh Ambani completes 20 years at helm of Reliance
1 year, 11 months ago

Mukesh Ambani completes 20 years at helm of Reliance

The Hindu  

Mukesh Ambani, who took over the reins of Reliance Industries Ltd after the sudden demise of his legendary industrialist father Dhirubhai Ambani, completes 20 years at the helm during which the company saw a 17-fold jump in revenues, 20-times surge in profit and has become a global conglomerate. In 20 years that Stanford University-drop out Mr. Mukesh, 65, has been …

Rakesh Jhunjhunwala Leaves Behind Rs 32,000-Cr Shareholding: Big Bull Portfolio Attracts Attention
2 years, 4 months ago

Rakesh Jhunjhunwala Leaves Behind Rs 32,000-Cr Shareholding: Big Bull Portfolio Attracts Attention

News 18  

Rakesh Jhunjhunwala held a networth of about Rs 32,000 crore with shareholding in about 32 companies. He has 17.49 per cent shareholding in Star Health and Allied Insurance Company, 14.43 per cent in Metro Brands, 12.62 per cent in NCC, 10.03 per cent in Nazara Technologies, 9.81 per cent in Rallis India, 8.48 per cent in Bilcare, 8.22 per cent …

Mukesh Ambani Draws No Salary In 2021-22, 2nd Such Year In A Row
2 years, 4 months ago

Mukesh Ambani Draws No Salary In 2021-22, 2nd Such Year In A Row

News 18  

Reliance Industries Ltd CMD Mukesh Ambani did not draw any salary from the company in the last financial year 2021-22, the second such year in a row. Earlier, Ambani has also his salary capped at Rs 15 crore since 2008-09, to set a personal example of moderation in managerial compensation levels. Ambani has kept salary, perquisites, allowances and commission together …

How Mukesh Ambani is charting Reliance succession plan
2 years, 5 months ago

How Mukesh Ambani is charting Reliance succession plan

India Today  

Billionaire Mukesh Ambani stepped down on Tuesday from the role of director of Reliance Jio, the telecommunication arm of Reliance Industries. Mukesh Ambani's 30-year-old son and non-executive director, Akash Ambani, was appointed chairman of the board of Reliance Jio, according to a regulatory filing by Reliance Jio Infocomm Ltd. RELIANCE SUCCESSION PLAN Sixty-five-year-old Mukesh Ambani has three children - twins …

Ambani charts succession plan; hands over telecom business reins to son Akash
2 years, 5 months ago

Ambani charts succession plan; hands over telecom business reins to son Akash

The Hindu  

In the first clear signs of a succession plan being charted out at India's most valuable company, billionaire Mukesh Ambani resigned from the board of his $217 billion group's telecom arm, Reliance Jio, and handed over the firm's reins to elder son Akash. In a stock exchange filing, Reliance Jio Infocomm Ltd on Tuesday said the company's board at a …

Mukesh Ambani draws nil salary
3 years, 6 months ago

Mukesh Ambani draws nil salary

The Hindu  

Richest Indian Mukesh Ambani drew no salary from his flagship firm Reliance Industries Ltd in the fiscal year ended March 31 as he voluntarily gave up remuneration in light of the pandemic hitting the business and the economy. In its latest annual report, Reliance said Mr. Ambani's remuneration for financial year 2020-21 was "nil." Mr. Ambani has kept salary, perquisites, …

SEBI Imposes Rs 40 Crore Fine On Reliance Industries, Mukesh Ambani For Manipulative Trades In RPL
3 years, 11 months ago

SEBI Imposes Rs 40 Crore Fine On Reliance Industries, Mukesh Ambani For Manipulative Trades In RPL

Live Law  

The Securities Exchange Board of India on Friday imposed a fine of Rs 25 crore on Reliance Industries and Rs 15 crore on its chairman, Mukesh Ambani, for manipulating shares of Reliance Petroleum Ltd in November 2007.The issue relates to manipulation during the sale and purchase of Reliance Petroluem Limited shares in the cash and the futures segments in November …

Reliance rolls back salary cuts, offers bonus
4 years, 1 month ago

Reliance rolls back salary cuts, offers bonus

India TV News  

Billionaire Mukesh Ambani-led Reliance Industries is rolling back salary cuts for the employees of its hydrocarbons division and is also giving out performance bonus that had been deferred after business was hit by coronavirus lockdown. Reliance in April had cut the salary of employees of its hydrocarbons division by 10 per cent to 50 per cent with the firm's chairman …

Mukesh Ambani becomes the 5th richest man in the world
4 years, 5 months ago

Mukesh Ambani becomes the 5th richest man in the world

Op India  

Reliance Industries chairperson Mukesh Ambani has become the fifth richest man in the world with a net worth of Rs 5.702 lakh crore, according to Forbes. With the shares of the oil-to-telecom conglomerate Reliance Industries hit an all-time high of Rs 2,010 per share on July 22, billionaire Mukesh Ambani added $2.9 billion to his net worth in a single …

Mukesh Ambani keeps salary capped at Rs 15 crore in FY20; forgoes remuneration from current year
4 years, 6 months ago

Mukesh Ambani keeps salary capped at Rs 15 crore in FY20; forgoes remuneration from current year

India TV News  

Richest Indian Mukesh Ambani kept his annual salary from his flagship firm Reliance Industries capped at Rs 15 crore for 12th year on the trot in the fiscal ended March 31 and has decided to forego the entire remuneration from the current year in view of the COVID-19 pandemic. Ambani's remuneration for 2019-20 included Rs 4.36 crore as salary and …

Mukesh Ambani's Reliance Industries becomes first Indian firm to hit USD 150 bn m-cap
4 years, 6 months ago

Mukesh Ambani's Reliance Industries becomes first Indian firm to hit USD 150 bn m-cap

India TV News  

Reliance Industries on Monday became the first Indian firm to hit a market valuation of USD 150 billion helped by a continuous rally in its share price. Reliance Industries on Friday became the first Indian company to cross the Rs 11 lakh crore market valuation mark. Its market valuation crossed Rs 11 lakh crore in the previous session as its …

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