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Business Management

RIL announces salary cuts; Mukesh Ambani to forgo entire compensation


Reliance Industries Ltd has announced that it will reduce the salaries of some of its employees in the hydrocarbon division by 10 per cent in view of the “adverse impact” of the coronavirus pandemic on fuel demand.


The company’s board of directors would forgo 30 per cent to 50 per cent of their salary, and Chairman Mukesh Ambani, India’s richest man, his entire compensation, according to a letter signed by Reliance Industries Executive Director Hital R Meswani.



These pay cuts would apply to the employees in the hydrocarbon division who are earning more than

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Business Management

India will become premier digital society: Mukesh Ambani at CEO Summit

Reliance Industries Chairman Mukesh Ambani on Monday reported India is at the cusp of turning out to be a leading digital culture, and will be amid the top 3 economies of the entire world.

In dialogue Microsoft Chief Executive Satya Nadella at the Potential Decoded CEO Summit below, he reported the massive alter driving this transformation is the deepening of cellular networks which are doing the job at a a great deal more quickly tempo than before.

“It all kickstarted in 2014 when PM gave us the vision of Digital India… 380 million persons have migrated to Jio’s 4g engineering,”

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