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 News

Stocks to watch: Bharti Airtel, Maruti, Tata Motors, SBI, Affle India, RIL

At 08:forty five AM, Nifty futures on the Singapore Trade (SGX) ended up trading 123 factors or above one for each cent increased at eleven,290, indicating a favourable start for the Indian market on Monday.

Here is a glance at the top rated shares that may continue being in concentration now –

Bharti Airtel: Sunil Mittal-led Bharti Airtel on Saturday built a surprise announcement that may alter the ongoing narrative associated to modified gross earnings (AGR) and the significant monthly bill of Rs one.forty seven trillion slapped on the telecom industry.

SBI: Shares of the financial institution may trade actively

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